Sawyer & Company Inc Purchases Shares of 8,225 Southern Co (SO)

Sawyer & Company Inc purchased a new position in shares of Southern Co (NYSE:SO) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,225 shares of the utilities provider’s stock, valued at approximately $396,000.

Several other large investors also recently made changes to their positions in SO. Rockland Trust Co. grew its stake in shares of Southern by 0.7% in the fourth quarter. Rockland Trust Co. now owns 369,385 shares of the utilities provider’s stock worth $17,764,000 after purchasing an additional 2,471 shares during the last quarter. Trust Co grew its stake in shares of Southern by 8.5% in the third quarter. Trust Co now owns 15,750 shares of the utilities provider’s stock worth $774,000 after purchasing an additional 1,235 shares during the last quarter. Windward Capital Management Co. CA grew its stake in shares of Southern by 101.2% in the fourth quarter. Windward Capital Management Co. CA now owns 33,340 shares of the utilities provider’s stock worth $1,603,000 after purchasing an additional 16,771 shares during the last quarter. Waverton Investment Management Ltd bought a new stake in shares of Southern in the fourth quarter worth $693,000. Finally, Franklin Street Advisors Inc. NC grew its stake in shares of Southern by 7.7% in the fourth quarter. Franklin Street Advisors Inc. NC now owns 153,396 shares of the utilities provider’s stock worth $7,377,000 after purchasing an additional 11,013 shares during the last quarter. Institutional investors own 53.66% of the company’s stock.

Southern Co (NYSE SO) opened at $45.25 on Friday. Southern Co has a fifty-two week low of $45.08 and a fifty-two week high of $53.51. The firm has a market cap of $45,410.00, a PE ratio of 80.80, a PEG ratio of 3.45 and a beta of 0.14. The company has a current ratio of 0.73, a quick ratio of 0.57 and a debt-to-equity ratio of 1.73.

Southern (NYSE:SO) last announced its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $1.12 earnings per share for the quarter, beating the 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 firm had revenue of $6.20 billion for the quarter, compared to analyst estimates of $6.16 billion. During the same quarter in the prior year, the business earned $1.27 earnings per share. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. sell-side analysts forecast that Southern Co will post 2.96 EPS for the current fiscal year.

In related news, EVP Christopher C. Womack sold 46,641 shares of the company’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $53.00, for a total value of $2,471,973.00. Following the sale, the executive vice president now owns 56,799 shares in the company, valued at approximately $3,010,347. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ann P. Daiss sold 5,000 shares of the company’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $52.28, for a total transaction of $261,400.00. Following the completion of the sale, the insider now owns 7,394 shares in the company, valued at approximately $386,558.32. The disclosure for this sale can be found here. Insiders have sold 128,662 shares of company stock worth $6,772,438 in the last quarter. Company insiders own 0.74% of the company’s stock.

Several analysts recently weighed in on the stock. Zacks Investment Research raised shares of Southern from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. Bank of America reissued an “underperform” rating and issued a $51.00 price objective on shares of Southern in a research note on Tuesday, October 24th. SunTrust Banks reaffirmed a “hold” rating and set a $52.00 price target on shares of Southern in a research report on Friday, October 20th. Mizuho reaffirmed a “buy” rating and set a $55.00 price target on shares of Southern in a research report on Friday, December 8th. Finally, Guggenheim raised shares of Southern from a “neutral” rating to a “buy” rating and upped their price target for the company from $49.00 to $56.00 in a research report on Thursday, September 14th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $49.25.

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Southern Company Profile

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.

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Institutional Ownership by Quarter for Southern (NYSE:SO)

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