6,860 Shares in Southern Company (The) $SO Acquired by Coppell Advisory Solutions LLC

Coppell Advisory Solutions LLC bought a new position in Southern Company (The) (NYSE:SO) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 6,860 shares of the utilities provider’s stock, valued at approximately $657,000.

Other institutional investors also recently bought and sold shares of the company. Evergreen Advisors LLC purchased a new stake in shares of Southern in the first quarter valued at $25,000. Scarborough Advisors LLC acquired a new position in Southern in the first quarter valued at $25,000. Ankerstar Wealth LLC purchased a new position in Southern during the fourth quarter worth about $25,000. Triumph Capital Management purchased a new position in Southern during the third quarter worth about $29,000. Finally, Cornerstone Financial Management LLC acquired a new stake in Southern in the 4th quarter worth about $27,000. 64.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Wall Street Zen downgraded shares of Southern from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. Barclays decreased their target price on shares of Southern from $99.00 to $98.00 and set an “equal weight” rating on the stock in a research report on Thursday, June 18th. Jefferies Financial Group set a $99.00 target price on shares of Southern in a report on Monday, June 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Southern in a research report on Wednesday, July 29th. Finally, KeyCorp downgraded shares of Southern from a “sector weight” rating to an “underweight” rating and set a $79.00 price target on the stock. in a research note on Thursday, July 23rd. Seven investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Southern currently has a consensus rating of “Hold” and an average target price of $100.09.

Southern Price Performance

SO opened at $88.32 on Thursday. Southern Company has a 52-week low of $83.80 and a 52-week high of $100.83. The company has a 50 day moving average of $93.73 and a two-hundred day moving average of $94.35. The company has a market cap of $101.60 billion, a P/E ratio of 21.18, a P/E/G ratio of 2.35 and a beta of 0.33. The company has a quick ratio of 0.59, a current ratio of 0.79 and a debt-to-equity ratio of 1.62.

Southern (NYSE:SO) last posted its earnings results on Wednesday, July 29th. The utilities provider reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.12. Southern had a net margin of 15.43% and a return on equity of 12.93%. The business had revenue of $6.98 billion for the quarter, compared to analyst estimates of $7.23 billion. During the same quarter in the previous year, the business posted $0.79 EPS. The business’s quarterly revenue was up .1% on a year-over-year basis. On average, analysts expect that Southern Company will post 4.59 earnings per share for the current year.

Southern Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, August 17th will be paid a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Monday, August 17th. Southern’s payout ratio is currently 72.90%.

Southern Company Profile

Southern Company (NYSE: SO) is an Atlanta-based energy holding company that provides electric and gas utility services and owns power generation assets across the United States. Founded in 1945, the company operates a portfolio of regulated electric utilities and affiliated businesses that generate, transmit and distribute electricity to residential, commercial and industrial customers.

Southern’s principal regulated electric subsidiaries include Georgia Power, Alabama Power and Mississippi Power, which serve large portions of the southeastern United States.