TruWealth Advisors LLC Has $448,000 Holdings in The Southern Company (NYSE:SO)

TruWealth Advisors LLC raised its stake in The Southern Company (NYSE:SO) by 3.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,437 shares of the utilities provider’s stock after buying an additional 204 shares during the quarter. TruWealth Advisors LLC’s holdings in Southern were worth $448,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SO. Retirement Wealth Solutions LLC acquired a new stake in Southern during the 4th quarter worth $25,000. Frazier Financial Advisors LLC increased its holdings in shares of Southern by 168.1% in the third quarter. Frazier Financial Advisors LLC now owns 311 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 195 shares in the last quarter. West Branch Capital LLC raised its position in shares of Southern by 34.7% during the third quarter. West Branch Capital LLC now owns 501 shares of the utilities provider’s stock worth $45,000 after purchasing an additional 129 shares during the period. Safe Harbor Fiduciary LLC bought a new position in shares of Southern during the 3rd quarter valued at about $49,000. Finally, Quarry LP bought a new stake in Southern during the 3rd quarter worth approximately $49,000. Institutional investors own 64.10% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on SO. Morgan Stanley reduced their price target on shares of Southern from $88.00 to $85.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. Scotiabank increased their target price on Southern from $96.00 to $98.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. BMO Capital Markets cut their price target on Southern from $99.00 to $97.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Guggenheim lifted their target price on Southern from $93.00 to $97.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. Finally, Barclays upped their price target on Southern from $71.00 to $83.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 15th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $90.14.

Southern Stock Performance

NYSE SO opened at $83.92 on Friday. The firm’s fifty day moving average price is $84.70 and its two-hundred day moving average price is $86.25. The Southern Company has a 1 year low of $65.80 and a 1 year high of $94.45. The firm has a market capitalization of $91.95 billion, a P/E ratio of 19.52, a price-to-earnings-growth ratio of 2.77 and a beta of 0.52. 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 issued its earnings results on Thursday, October 31st. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.10. The business had revenue of $7.27 billion during the quarter, compared to the consensus estimate of $7.14 billion. Southern had a net margin of 17.87% and a return on equity of 12.78%. Southern’s revenue was up 4.2% on a year-over-year basis. During the same period last year, the business posted $1.42 EPS. As a group, research analysts anticipate that The Southern Company will post 4.04 EPS for the current year.

Insider Buying and Selling

In other Southern news, EVP Martin Bernard Davis sold 1,170 shares of Southern stock in a transaction 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 directly owns 88,393 shares of the company’s stock, valued at $7,592,958.70. The trade was a 1.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.18% of the stock is owned by insiders.

About Southern

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.