Nadler Financial Group Inc. Invests $238,000 in Southern Co (SO) Stock

Nadler Financial Group Inc. bought a new stake in Southern Co (NYSE:SO) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,954 shares of the utilities provider’s stock, valued at approximately $238,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of SO. AlphaMark Advisors LLC grew its stake in Southern by 0.6% during the second quarter. AlphaMark Advisors LLC now owns 2,363 shares of the utilities provider’s stock worth $113,000 after buying an additional 14 shares during the last quarter. South Texas Money Management Ltd. grew its stake in Southern by 0.3% during the second quarter. South Texas Money Management Ltd. now owns 7,084 shares of the utilities provider’s stock worth $339,000 after buying an additional 19 shares during the last quarter. WMS Partners LLC grew its stake in Southern by 0.6% during the second quarter. WMS Partners LLC now owns 4,387 shares of the utilities provider’s stock worth $210,000 after buying an additional 25 shares during the last quarter. Sfmg LLC grew its stake in Southern by 0.5% during the second quarter. Sfmg LLC now owns 6,435 shares of the utilities provider’s stock worth $308,000 after buying an additional 29 shares during the last quarter. Finally, Jackson Grant Investment Advisers Inc. grew its stake in Southern by 1.2% during the second quarter. Jackson Grant Investment Advisers Inc. now owns 3,317 shares of the utilities provider’s stock worth $159,000 after buying an additional 38 shares during the last quarter. 53.66% of the stock is currently owned by institutional investors and hedge funds.

In related news, insider Ann P. Daiss sold 5,000 shares of the stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $52.28, for a total value of $261,400.00. Following the transaction, the insider now directly owns 7,394 shares in the company, valued at $386,558.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP James Y. Kerr II sold 25,000 shares of the stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $52.16, for a total transaction of $1,304,000.00. Following the completion of the transaction, the vice president now owns 26,000 shares in the company, valued at $1,356,160. The disclosure for this sale can be found here. Insiders have sold 128,662 shares of company stock worth $6,772,438 over the last three months. 0.74% of the stock is owned by insiders.

Several brokerages have weighed in on SO. JPMorgan Chase & Co. began coverage on shares of Southern in a research note on Friday. They set an “underweight” rating and a $46.00 price objective on the stock. SunTrust Banks reaffirmed a “hold” rating and set a $52.00 price objective on shares of Southern in a research note on Friday, October 20th. Mizuho reaffirmed a “buy” rating and set a $52.00 price objective on shares of Southern in a research note on Tuesday, December 26th. Bank of America reaffirmed an “underperform” rating and set a $51.00 price objective on shares of Southern in a research note on Tuesday, October 24th. Finally, Royal Bank of Canada raised shares of Southern from a “sector perform” rating to an “outperform” rating and set a $53.00 price objective on the stock in a research note on Friday, September 29th. Five analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $51.20.

Southern Co (NYSE SO) traded down $0.41 on Friday, hitting $44.84. 8,590,728 shares of the stock traded hands, compared to its average volume of 6,802,089. Southern Co has a twelve month low of $44.44 and a twelve month high of $53.51. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.73 and a quick ratio of 0.57. The company has a market capitalization of $45,000.00, a PE ratio of 80.07, a P/E/G ratio of 3.45 and a beta of 0.14.

Southern (NYSE:SO) last released its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $1.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.04. Southern had a net margin of 2.59% and a return on equity of 10.81%. The business had revenue of $6.20 billion for the quarter, compared to analysts’ expectations of $6.16 billion. During the same period in the prior year, the firm earned $1.27 earnings per share. Southern’s revenue was down 1.0% compared to the same quarter last year. sell-side analysts anticipate that Southern Co will post 2.96 EPS for the current fiscal year.

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About Southern

The Southern Company (Southern Company) is a holding company. The Company owns all of the stock of the traditional electric operating companies and the parent entities of Southern Power Company (Southern Power) and Southern Company Gas, and owns other direct and indirect subsidiaries. The Company’s segments include Gas distribution operations, Gas marketing services, Wholesale gas services, Gas midstream operations and All other.

Institutional Ownership by Quarter for Southern (NYSE:SO)

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