Bryn Mawr Capital Management LLC Has $109,000 Stake in The Southern Company (NYSE:SO)

Bryn Mawr Capital Management LLC lowered its stake in shares of The Southern Company (NYSE:SO) by 86.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,329 shares of the utilities provider’s stock after selling 8,559 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Southern were worth $109,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Abel Hall LLC raised its holdings in shares of Southern by 1.8% in the 3rd quarter. Abel Hall LLC now owns 6,830 shares of the utilities provider’s stock worth $616,000 after acquiring an additional 120 shares during the last quarter. Birchcreek Wealth Management LLC raised its holdings in shares of Southern by 4.5% in the 3rd quarter. Birchcreek Wealth Management LLC now owns 2,836 shares of the utilities provider’s stock worth $256,000 after acquiring an additional 121 shares during the last quarter. Truvestments Capital LLC raised its holdings in shares of Southern by 4.3% in the 3rd quarter. Truvestments Capital LLC now owns 3,011 shares of the utilities provider’s stock worth $272,000 after acquiring an additional 123 shares during the last quarter. Arete Wealth Advisors LLC raised its holdings in shares of Southern by 0.7% in the 3rd quarter. Arete Wealth Advisors LLC now owns 18,209 shares of the utilities provider’s stock worth $1,637,000 after acquiring an additional 125 shares during the last quarter. Finally, Hobbs Group Advisors LLC raised its holdings in shares of Southern by 8.0% in the 3rd quarter. Hobbs Group Advisors LLC now owns 1,678 shares of the utilities provider’s stock worth $151,000 after acquiring an additional 125 shares during the last quarter. Institutional investors and hedge funds own 64.10% of the company’s stock.

Southern Trading Up 0.7 %

Shares of SO stock opened at $88.46 on Friday. The company has a 50 day moving average of $83.70 and a 200-day moving average of $86.82. The company has a quick ratio of 0.66, a current ratio of 0.67 and a debt-to-equity ratio of 1.60. The Southern Company has a 12-month low of $65.99 and a 12-month high of $94.45. The firm has a market cap of $96.92 billion, a P/E ratio of 22.06, a PEG ratio of 3.01 and a beta of 0.53.

Southern (NYSE:SO) last issued its quarterly earnings results on Thursday, February 20th. The utilities provider reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.01). Southern had a return on equity of 12.23% and a net margin of 16.47%. The company had revenue of $6.34 billion for the quarter, compared to analysts’ expectations of $5.90 billion. Sell-side analysts anticipate that The Southern Company will post 4.29 earnings per share for the current year.

Southern Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Tuesday, February 18th will be paid a $0.72 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $2.88 dividend on an annualized basis and a yield of 3.26%. Southern’s dividend payout ratio is 71.82%.

Insider Activity at Southern

In related news, CEO James Jeffrey Peoples sold 14,540 shares of Southern stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $86.00, for a total value of $1,250,440.00. Following the completion of the transaction, the chief executive officer now directly owns 13,236 shares in the company, valued at approximately $1,138,296. The trade was a 52.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Martin Bernard Davis sold 1,170 shares of Southern stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $85.90, for a total transaction of $100,503.00. Following the completion of the transaction, the executive vice president now owns 88,393 shares of the company’s stock, valued at $7,592,958.70. This represents a 1.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on SO. Guggenheim lowered shares of Southern from a “buy” rating to a “neutral” rating in a report on Thursday, January 23rd. Scotiabank upped their target price on shares of Southern from $96.00 to $98.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. Morgan Stanley reduced their price objective on shares of Southern from $88.00 to $85.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. BMO Capital Markets reduced their price objective on shares of Southern from $99.00 to $97.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Finally, Mizuho upped their price objective on shares of Southern from $83.00 to $85.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $90.54.

Southern Company Profile

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.