Tevis Investment Management Invests $214,000 in The Southern Company (NYSE:SO)

Tevis Investment Management bought a new stake in shares of The Southern Company (NYSE:SO) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,377 shares of the utilities provider’s stock, valued at approximately $214,000.

Other large investors also recently bought and sold shares of the company. Vista Capital Partners Inc. grew its stake in Southern by 1.4% in the second quarter. Vista Capital Partners Inc. now owns 8,743 shares of the utilities provider’s stock worth $678,000 after purchasing an additional 118 shares in the last quarter. Stanley Laman Group Ltd. raised its holdings in shares of Southern by 3.8% in the 3rd quarter. Stanley Laman Group Ltd. now owns 3,246 shares of the utilities provider’s stock valued at $293,000 after purchasing an additional 119 shares in the last quarter. DT Investment Partners LLC lifted its position in shares of Southern by 5.8% in the 3rd quarter. DT Investment Partners LLC now owns 2,201 shares of the utilities provider’s stock worth $198,000 after purchasing an additional 121 shares during the period. Modera Wealth Management LLC lifted its holdings in Southern by 1.4% during the second quarter. Modera Wealth Management LLC now owns 9,048 shares of the utilities provider’s stock worth $702,000 after buying an additional 124 shares during the period. Finally, Red Door Wealth Management LLC boosted its position in Southern by 0.9% during the 2nd quarter. Red Door Wealth Management LLC now owns 13,926 shares of the utilities provider’s stock valued at $1,080,000 after acquiring an additional 125 shares in the last quarter. Hedge funds and other institutional investors own 64.10% of the company’s stock.

Southern Stock Down 0.5 %

Shares of SO stock opened at $89.38 on Thursday. The Southern Company has a twelve month low of $65.80 and a twelve month high of $94.45. The stock has a market cap of $97.73 billion, a P/E ratio of 21.28, a P/E/G ratio of 3.29 and a beta of 0.52. The stock has a 50 day moving average of $89.60 and a 200 day moving average of $82.95. The company has a current ratio of 0.91, a quick ratio of 0.66 and a debt-to-equity ratio of 1.66.

Southern (NYSE:SO) last posted its earnings results on Thursday, August 1st. The utilities provider reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.19. The firm had revenue of $6.46 billion during the quarter, compared to analysts’ expectations of $6.10 billion. Southern had a net margin of 17.67% and a return on equity of 12.88%. The business’s revenue was up 12.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.79 EPS. As a group, sell-side analysts expect that The Southern Company will post 4.02 EPS for the current year.

Southern Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Monday, November 18th will be given a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date of this dividend is Monday, November 18th. Southern’s dividend payout ratio (DPR) is presently 68.57%.

Insider Activity at Southern

In other news, EVP Sterling A. Jr. Spainhour sold 2,380 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $88.99, for a total transaction of $211,796.20. Following the completion of the transaction, the executive vice president now directly owns 12,500 shares of the company’s stock, valued at $1,112,375. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, EVP Bryan D. Anderson sold 6,565 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $89.54, for a total value of $587,830.10. Following the completion of the transaction, the executive vice president now directly owns 44,467 shares of the company’s stock, valued at approximately $3,981,575.18. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Sterling A. Jr. Spainhour sold 2,380 shares of Southern stock in a transaction on Monday, August 5th. The stock was sold at an average price of $88.99, for a total transaction of $211,796.20. Following the sale, the executive vice president now directly owns 12,500 shares in the company, valued at approximately $1,112,375. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 38,945 shares of company stock worth $3,488,826 in the last 90 days. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on SO shares. The Goldman Sachs Group boosted their target price on shares of Southern from $83.00 to $94.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. UBS Group raised their price objective on Southern from $90.00 to $91.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. BMO Capital Markets boosted their price target on Southern from $87.00 to $94.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Wolfe Research lowered shares of Southern from an “outperform” rating to a “peer perform” rating in a research report on Friday, August 2nd. Finally, Scotiabank raised their price target on shares of Southern from $87.00 to $96.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Southern currently has a consensus rating of “Hold” and an average target price of $89.07.

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.