The Southern Company (NYSE:SO) Shares Acquired by Rosenberg Matthew Hamilton

Rosenberg Matthew Hamilton increased its position in shares of The Southern Company (NYSE:SO) by 7.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,072 shares of the utilities provider’s stock after purchasing an additional 330 shares during the quarter. Rosenberg Matthew Hamilton’s holdings in Southern were worth $418,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the company. Frazier Financial Advisors LLC grew its stake in Southern by 168.1% in the 3rd quarter. Frazier Financial Advisors LLC now owns 311 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 195 shares during the last quarter. West Branch Capital LLC lifted its holdings in shares of Southern by 34.7% in the third quarter. West Branch Capital LLC now owns 501 shares of the utilities provider’s stock valued at $45,000 after purchasing an additional 129 shares in the last quarter. Quarry LP acquired a new stake in shares of Southern in the third quarter valued at approximately $49,000. Safe Harbor Fiduciary LLC acquired a new position in shares of Southern during the 3rd quarter worth approximately $49,000. Finally, Activest Wealth Management purchased a new stake in Southern in the 3rd quarter valued at approximately $54,000. Institutional investors and hedge funds own 64.10% of the company’s stock.

Insider Buying and Selling

In related news, EVP Martin Bernard Davis sold 1,170 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $85.90, for a total transaction of $100,503.00. Following the transaction, the executive vice president now directly owns 88,393 shares of the company’s stock, valued at approximately $7,592,958.70. The trade was a 1.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.18% of the stock is owned by corporate insiders.

Southern Stock Performance

Shares of NYSE:SO opened at $81.81 on Tuesday. The business has a 50-day moving average of $85.09 and a two-hundred day moving average of $86.16. The firm has a market capitalization of $89.64 billion, a PE ratio of 19.03, a P/E/G ratio of 3.04 and a beta of 0.52. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.91 and a quick ratio of 0.66. The Southern Company has a 12 month low of $65.80 and a 12 month high of $94.45.

Southern (NYSE:SO) last posted its quarterly earnings results on Thursday, October 31st. The utilities provider reported $1.43 EPS for the quarter, beating the consensus estimate of $1.33 by $0.10. Southern had a net margin of 17.87% and a return on equity of 12.78%. The firm had revenue of $7.27 billion for the quarter, compared to analyst estimates of $7.14 billion. During the same quarter last year, the firm posted $1.42 earnings per share. Southern’s revenue for the quarter was up 4.2% compared to the same quarter last year. As a group, research analysts forecast that The Southern Company will post 4.03 earnings per share for the current year.

Wall Street Analyst Weigh In

SO has been the subject of a number of analyst reports. Morgan Stanley cut their price target on Southern from $88.00 to $85.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. Mizuho downgraded shares of Southern from an “outperform” rating to a “neutral” rating and set a $90.00 target price for the company. in a research note on Monday, September 16th. Scotiabank raised their price target on shares of Southern from $96.00 to $98.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. Barclays boosted their price objective on shares of Southern from $71.00 to $83.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 15th. Finally, Jefferies Financial Group initiated coverage on shares of Southern in a research report on Friday, September 20th. They set a “hold” rating and a $94.00 target price on the stock. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $90.14.

About Southern

The Southern Company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity. The company also develops, constructs, acquires, owns, and manages power generation assets, including renewable energy projects and sells electricity in the wholesale market; and distributes natural gas in Illinois, Georgia, Virginia, and Tennessee, as well as provides gas marketing services, gas distribution operations, and gas pipeline investments operations.