Robinson Value Management Ltd. Decreases Position in Southern Co (SO)

Robinson Value Management Ltd. cut its stake in Southern Co (NYSE:SO) by 2.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,025 shares of the utilities provider’s stock after selling 1,188 shares during the quarter. Southern makes up approximately 1.8% of Robinson Value Management Ltd.’s portfolio, making the stock its 26th largest holding. Robinson Value Management Ltd.’s holdings in Southern were worth $2,069,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Heritage Way Advisors LLC lifted its stake in Southern by 106.9% in the 4th quarter. Heritage Way Advisors LLC now owns 47,850 shares of the utilities provider’s stock valued at $2,301,000 after buying an additional 24,725 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in Southern by 4.4% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 3,636,723 shares of the utilities provider’s stock valued at $174,891,000 after acquiring an additional 153,320 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in Southern by 5.2% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 23,442 shares of the utilities provider’s stock valued at $1,127,000 after acquiring an additional 1,160 shares during the last quarter. Sky Investment Group LLC raised its holdings in Southern by 1.7% in the 4th quarter. Sky Investment Group LLC now owns 75,282 shares of the utilities provider’s stock valued at $3,620,000 after acquiring an additional 1,285 shares during the last quarter. Finally, First National Trust Co raised its holdings in Southern by 3.3% in the 4th quarter. First National Trust Co now owns 83,738 shares of the utilities provider’s stock valued at $4,027,000 after acquiring an additional 2,699 shares during the last quarter. 53.68% of the stock is currently owned by hedge funds and other institutional investors.

In related news, VP James Y. Kerr II sold 25,000 shares of Southern stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $52.16, for a total value of $1,304,000.00. Following the completion of the sale, the vice president now owns 26,000 shares in the company, valued at approximately $1,356,160. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ann P. Daiss sold 5,000 shares of Southern stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $52.28, for a total transaction of $261,400.00. Following the completion of the sale, the insider now owns 7,394 shares of the company’s stock, valued at approximately $386,558.32. The disclosure for this sale can be found here. Insiders have sold a total of 128,662 shares of company stock valued at $6,772,438 in the last 90 days. Insiders own 1.00% of the company’s stock.

Shares of Southern Co (SO) traded down $0.15 during midday trading on Thursday, hitting $44.90. 9,854,186 shares of the stock were exchanged, compared to its average volume of 7,416,782. The firm has a market cap of $44,830.00, a P/E ratio of 80.18, a P/E/G ratio of 3.31 and a beta of 0.14. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.73 and a quick ratio of 0.57. Southern Co has a fifty-two week low of $44.31 and a fifty-two week high of $53.51.

Southern (NYSE:SO) last announced its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $1.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.04. The business had revenue of $6.20 billion during the quarter, compared to the consensus estimate of $6.16 billion. Southern had a net margin of 2.59% and a return on equity of 10.81%. The business’s revenue was down 1.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.27 EPS. equities research analysts forecast that Southern Co will post 2.96 earnings per share for the current fiscal year.

A number of analysts have commented on SO shares. Zacks Investment Research upgraded shares of Southern from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a report on Tuesday, October 10th. Mizuho reiterated a “buy” rating and issued a $52.00 price objective on shares of Southern in a report on Tuesday, December 26th. Royal Bank of Canada reiterated a “buy” rating on shares of Southern in a report on Friday, December 22nd. Guggenheim reiterated a “buy” rating and issued a $52.00 price objective on shares of Southern in a report on Wednesday, January 3rd. Finally, SunTrust Banks reiterated a “hold” rating and issued a $52.00 price objective on shares of Southern in a report on Friday, October 20th. Six analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $51.07.

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Southern Profile

The Southern Company (Southern Company) is a holding company. The Company owns all of the stock of the traditional electric operating companies and the parent entities of Southern Power Company (Southern Power) and Southern Company Gas, and owns other direct and indirect subsidiaries. The Company’s segments include Gas distribution operations, Gas marketing services, Wholesale gas services, Gas midstream operations and All other.

Institutional Ownership by Quarter for Southern (NYSE:SO)

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