CrestPoint Capital Management LLC Grows Holdings in Southern Co (SO)

CrestPoint Capital Management LLC raised its position in Southern Co (NYSE:SO) by 22.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,900 shares of the utilities provider’s stock after acquiring an additional 8,700 shares during the quarter. Southern makes up approximately 1.3% of CrestPoint Capital Management LLC’s portfolio, making the stock its 14th biggest position. CrestPoint Capital Management LLC’s holdings in Southern were worth $2,255,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. AlphaMark Advisors LLC grew its position in shares of 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 in the last quarter. South Texas Money Management Ltd. grew its position in shares of 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 in the last quarter. WMS Partners LLC grew its position in shares of 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 in the last quarter. Sfmg LLC grew its position in shares of 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 in the last quarter. Finally, Jackson Grant Investment Advisers Inc. grew its position in shares of 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 in the last quarter. 53.68% of the stock is owned by institutional investors.

Southern Co (SO) traded down $0.18 during mid-day trading on Wednesday, reaching $44.66. The company had a trading volume of 9,767,000 shares, compared to its average volume of 7,098,630. The stock has a market capitalization of $44,960.00, a PE ratio of 79.75, a price-to-earnings-growth ratio of 3.31 and a beta of 0.14. Southern Co has a 12-month low of $44.31 and a 12-month high of $53.51. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.57 and a current ratio of 0.73.

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

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

A number of equities analysts have recently commented on SO shares. Royal Bank of Canada raised Southern from a “sector perform” rating to an “outperform” rating and set a $53.00 price objective for the company in a research report on Friday, September 29th. Citigroup reissued a “sell” rating and set a $44.00 price objective (up from $43.00) on shares of Southern in a research report on Tuesday, October 3rd. Zacks Investment Research raised Southern from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research report on Tuesday, October 10th. SunTrust Banks reissued a “hold” rating and set a $52.00 price objective on shares of Southern in a research report on Friday, October 20th. Finally, Bank of America restated an “underperform” rating and set a $51.00 target price on shares of Southern in a research note on Tuesday, October 24th. Six analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $51.07.

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Southern 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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