Money Concepts Capital Corp Has $4.18 Million Stock Position in The Southern Company (NYSE:SO)

Money Concepts Capital Corp raised its position in The Southern Company (NYSE:SO) by 1.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 50,824 shares of the utilities provider’s stock after buying an additional 553 shares during the period. Money Concepts Capital Corp’s holdings in Southern were worth $4,184,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Retirement Wealth Solutions LLC acquired a new position in Southern during the 4th quarter worth about $25,000. Frazier Financial Advisors LLC raised its stake 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 during the last quarter. WFA Asset Management Corp lifted its position in shares of Southern by 84.9% during the fourth quarter. WFA Asset Management Corp now owns 429 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 197 shares in the last quarter. Valley National Advisers Inc. grew its stake in shares of Southern by 244.4% during the fourth quarter. Valley National Advisers Inc. now owns 434 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 308 shares during the last quarter. Finally, West Branch Capital LLC lifted its holdings in Southern by 34.7% during the 3rd quarter. West Branch Capital LLC now owns 501 shares of the utilities provider’s stock worth $45,000 after buying an additional 129 shares in the last quarter. 64.10% of the stock is owned by institutional investors.

Insider Activity at Southern

In other Southern news, EVP Martin Bernard Davis sold 1,170 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $85.90, for a total value of $100,503.00. Following the sale, the executive vice president now owns 88,393 shares in the company, valued at approximately $7,592,958.70. The trade was a 1.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.18% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

SO has been the subject of several recent research reports. Barclays boosted their price objective on Southern from $71.00 to $83.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 15th. BMO Capital Markets cut their price objective on shares of Southern from $99.00 to $97.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Mizuho lifted their target price on shares of Southern from $83.00 to $85.00 and gave the stock a “neutral” rating in a report on Monday. 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 report on Thursday, December 12th. Finally, Morgan Stanley reduced their price target on Southern from $88.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Southern currently has an average rating of “Hold” and an average target price of $89.79.

Southern Stock Performance

Shares of SO stock opened at $83.19 on Wednesday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.66 and a current ratio of 0.91. The Southern Company has a 52 week low of $65.80 and a 52 week high of $94.45. The company’s 50 day moving average price is $83.83 and its two-hundred day moving average price is $86.66. The company has a market capitalization of $91.15 billion, a P/E ratio of 19.35, a price-to-earnings-growth ratio of 2.86 and a beta of 0.53.

Southern Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Tuesday, February 18th will be given a $0.72 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $2.88 annualized dividend and a yield of 3.46%. Southern’s dividend payout ratio is currently 66.98%.

Southern 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.