M Holdings Securities Inc. increased its holdings in Southern Co (NYSE:SO) by 27.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,754 shares of the utilities provider’s stock after purchasing an additional 1,225 shares during the quarter. M Holdings Securities Inc.’s holdings in Southern were worth $266,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SO. Well Done LLC purchased a new stake in shares of Southern in the first quarter valued at approximately $100,000. Kaizen Advisory LLC grew its position in shares of Southern by 133.8% in the second quarter. Kaizen Advisory LLC now owns 2,284 shares of the utilities provider’s stock valued at $106,000 after purchasing an additional 1,307 shares in the last quarter. Destination Wealth Management grew its position in shares of Southern by 359.3% in the second quarter. Destination Wealth Management now owns 2,315 shares of the utilities provider’s stock valued at $107,000 after purchasing an additional 1,811 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of Southern in the second quarter valued at approximately $119,000. Finally, Horan Capital Advisors LLC. purchased a new stake in shares of Southern in the second quarter valued at approximately $121,000. 57.35% of the stock is owned by institutional investors.

Southern stock traded up $0.04 during midday trading on Friday, reaching $43.58. The company’s stock had a trading volume of 6,162,856 shares, compared to its average volume of 6,248,342. Southern Co has a fifty-two week low of $42.38 and a fifty-two week high of $53.51. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.81 and a quick ratio of 0.68. The stock has a market cap of $44.22 billion, a PE ratio of 14.43, a P/E/G ratio of 3.26 and a beta of -0.05.

Southern (NYSE:SO) last posted its quarterly earnings results on Wednesday, August 8th. The utilities provider reported $0.80 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.11. Southern had a return on equity of 13.06% and a net margin of 9.96%. The company had revenue of $5.63 billion for the quarter, compared to analysts’ expectations of $5.28 billion. During the same period last year, the firm earned $0.73 earnings per share. Southern’s quarterly revenue was up 3.6% on a year-over-year basis. On average, research analysts expect that Southern Co will post 2.97 earnings per share for the current fiscal year.

In other news, EVP Christopher C. Womack sold 16,371 shares of Southern stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $47.40, for a total transaction of $775,985.40. Following the sale, the executive vice president now owns 10,165 shares in the company, valued at $481,821. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.73% of the stock is currently owned by insiders.

Several research analysts recently weighed in on the company. Credit Suisse Group lowered Southern from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $46.00 to $43.00 in a research report on Thursday, August 9th. Scotiabank restated a “hold” rating and set a $44.00 price target on shares of Southern in a research report on Thursday, August 9th. Guggenheim lowered Southern from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $50.00 to $47.00 in a research report on Wednesday, August 8th. Bank of America lowered their price target on Southern from $47.00 to $46.00 and set an “underperform” rating for the company in a research report on Wednesday, August 22nd. Finally, Deutsche Bank lowered Southern from a “buy” rating to a “hold” rating and set a $48.00 price target for the company. in a research report on Tuesday, June 26th. Seven analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. Southern currently has a consensus rating of “Hold” and a consensus target price of $46.04.

About Southern

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

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Institutional Ownership by Quarter for Southern (NYSE:SO)

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