First PREMIER Bank boosted its position in Southern Co (NYSE:SO) by 0.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 110,971 shares of the utilities provider’s stock after purchasing an additional 670 shares during the quarter. Southern comprises 3.1% of First PREMIER Bank’s investment portfolio, making the stock its 7th biggest position. First PREMIER Bank’s holdings in Southern were worth $4,874,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SO. Waverton Investment Management Ltd raised its position in shares of Southern by 10.5% during the 4th quarter. Waverton Investment Management Ltd now owns 13,647 shares of the utilities provider’s stock valued at $420,000 after buying an additional 1,302 shares in the last quarter. Edge Wealth Management LLC raised its position in Southern by 67.2% in the 4th quarter. Edge Wealth Management LLC now owns 250,510 shares of the utilities provider’s stock worth $11,002,000 after purchasing an additional 100,659 shares during the period. Sheets Smith Wealth Management raised its position in Southern by 8.9% in the 4th quarter. Sheets Smith Wealth Management now owns 20,172 shares of the utilities provider’s stock worth $886,000 after purchasing an additional 1,642 shares during the period. Sound Income Strategies LLC raised its position in Southern by 19.9% in the 4th quarter. Sound Income Strategies LLC now owns 3,423 shares of the utilities provider’s stock worth $150,000 after purchasing an additional 568 shares during the period. Finally, Northstar Investment Advisors LLC raised its position in Southern by 2.1% in the 4th quarter. Northstar Investment Advisors LLC now owns 166,376 shares of the utilities provider’s stock worth $7,307,000 after purchasing an additional 3,501 shares during the period. Institutional investors and hedge funds own 56.52% of the company’s stock.

In related news, insider Mark Lantrip sold 9,000 shares of the business’s stock in a transaction dated Tuesday, December 4th. The shares were sold at an average price of $47.58, for a total transaction of $428,220.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Kimberly S. Greene sold 15,000 shares of the business’s stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $47.03, for a total transaction of $705,450.00. Following the sale, the chief executive officer now directly owns 9,380 shares in the company, valued at approximately $441,141.40. The disclosure for this sale can be found here. Insiders own 0.73% of the company’s stock.

Southern stock traded down $1.01 during trading hours on Monday, reaching $45.60. The stock had a trading volume of 251,009 shares, compared to its average volume of 6,368,221. The firm has a market cap of $46.80 billion, a PE ratio of 15.15, a price-to-earnings-growth ratio of 3.36 and a beta of 0.07. Southern Co has a 52 week low of $42.38 and a 52 week high of $49.43. The company has a quick ratio of 0.58, a current ratio of 0.72 and a debt-to-equity ratio of 1.48.

Southern (NYSE:SO) last announced its earnings results on Wednesday, November 7th. The utilities provider reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.07. The firm had revenue of $6.70 billion for the quarter, compared to analyst estimates of $6.68 billion. Southern had a net margin of 10.35% and a return on equity of 12.88%. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.12 EPS. As a group, sell-side analysts expect that Southern Co will post 3.03 earnings per share for the current fiscal year.

SO has been the topic of a number of analyst reports. Zacks Investment Research cut shares of Southern from a “buy” rating to a “hold” rating in a research report on Thursday, December 6th. ValuEngine upgraded shares of Southern from a “sell” rating to a “hold” rating in a research report on Friday, October 19th. Credit Suisse Group lifted their target price on shares of Southern from $44.00 to $46.00 and gave the stock an “underperform” rating in a research report on Thursday, December 6th. UBS Group lifted their target price on shares of Southern from $46.00 to $47.00 and gave the stock a “neutral” rating in a research report on Monday, October 29th. Finally, Guggenheim reiterated a “hold” rating and issued a $44.00 target price on shares of Southern in a research report on Monday, January 7th. Five investment analysts have rated the stock with a sell rating and eleven have issued a hold rating to the company’s stock. Southern currently has a consensus rating of “Hold” and an average target price of $46.07.

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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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