Capital Advisors Wealth Management LLC Has $377,000 Stock Holdings in The Southern Company (NYSE:SO)

Capital Advisors Wealth Management LLC increased its position in The Southern Company (NYSE:SO) by 81.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 4,579 shares of the utilities provider’s stock after acquiring an additional 2,062 shares during the period. Capital Advisors Wealth Management LLC’s holdings in Southern were worth $377,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Frazier Financial Advisors LLC grew its position in shares of Southern by 168.1% during the 3rd quarter. Frazier Financial Advisors LLC now owns 311 shares of the utilities provider’s stock worth $28,000 after buying an additional 195 shares during the period. West Branch Capital LLC boosted its stake in Southern by 34.7% in the third quarter. West Branch Capital LLC now owns 501 shares of the utilities provider’s stock valued at $45,000 after acquiring an additional 129 shares during the last quarter. Safe Harbor Fiduciary LLC acquired a new stake in Southern during the 3rd quarter worth $49,000. Quarry LP bought a new stake in shares of Southern during the 3rd quarter valued at $49,000. Finally, Winch Advisory Services LLC lifted its stake in shares of Southern by 199.5% in the 4th quarter. Winch Advisory Services LLC now owns 647 shares of the utilities provider’s stock valued at $53,000 after purchasing an additional 431 shares during the period. 64.10% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Southern news, EVP Martin Bernard Davis sold 1,170 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $85.90, for a total transaction of $100,503.00. Following the sale, 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 position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. UBS Group lifted their price objective on Southern from $90.00 to $91.00 and gave the stock a “neutral” rating in a research note on Friday, September 20th. BMO Capital Markets decreased their target price on Southern from $99.00 to $97.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Barclays increased their price target on shares of Southern from $71.00 to $83.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 15th. Morgan Stanley decreased their price objective 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. Finally, Scotiabank upped their target price on shares of Southern from $96.00 to $98.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $90.14.

Southern Trading Up 1.8 %

Shares of NYSE:SO opened at $83.86 on Friday. The firm has a market cap of $91.88 billion, a price-to-earnings ratio of 19.50, a PEG ratio of 2.77 and a beta of 0.52. The company has a quick ratio of 0.66, a current ratio of 0.91 and a debt-to-equity ratio of 1.66. The Southern Company has a 12 month low of $65.80 and a 12 month high of $94.45. The company’s fifty day simple moving average is $84.86 and its 200 day simple moving average is $86.16.

Southern (NYSE:SO) last released its quarterly 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 firm had revenue of $7.27 billion for the quarter, compared to the consensus estimate of $7.14 billion. Southern had a return on equity of 12.78% and a net margin of 17.87%. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter last year, the business posted $1.42 EPS. As a group, research analysts forecast that The Southern Company will post 4.04 EPS for the current fiscal year.

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.