Coppell Advisory Solutions LLC Invests $657,000 in Southern Company (The) $SO

Coppell Advisory Solutions LLC purchased a new stake in shares of Southern Company (The) (NYSE:SO) in the second quarter, HoldingsChannel.com reports. The firm purchased 6,860 shares of the utilities provider’s stock, valued at approximately $657,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Uptick Partners LLC lifted its stake in shares of Southern by 1.5% in the first quarter. Uptick Partners LLC now owns 7,601 shares of the utilities provider’s stock worth $734,000 after acquiring an additional 110 shares in the last quarter. Seelaus Asset Management LLC grew its stake in Southern by 2.4% during the 1st quarter. Seelaus Asset Management LLC now owns 4,923 shares of the utilities provider’s stock valued at $475,000 after purchasing an additional 115 shares in the last quarter. KCM Investment Advisors LLC increased its holdings in Southern by 0.3% during the 1st quarter. KCM Investment Advisors LLC now owns 34,328 shares of the utilities provider’s stock worth $3,313,000 after purchasing an additional 115 shares during the last quarter. Stokes Family Office LLC increased its holdings in Southern by 0.7% during the 4th quarter. Stokes Family Office LLC now owns 15,994 shares of the utilities provider’s stock worth $1,395,000 after purchasing an additional 115 shares during the last quarter. Finally, Leonteq Securities AG raised its position in shares of Southern by 4.7% in the 1st quarter. Leonteq Securities AG now owns 2,657 shares of the utilities provider’s stock valued at $256,000 after purchasing an additional 119 shares in the last quarter. 64.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SO. JPMorgan Chase & Co. upped their price target on shares of Southern from $101.00 to $104.00 and gave the company a “neutral” rating in a report on Thursday, July 16th. BMO Capital Markets raised their price objective on shares of Southern from $102.00 to $104.00 and gave the stock an “outperform” rating in a report on Monday, July 27th. Truist Financial dropped their target price on shares of Southern from $100.00 to $97.00 and set a “hold” rating for the company in a research report on Thursday, August 13th. Weiss Ratings restated a “buy (b)” rating on shares of Southern in a research note on Wednesday, July 29th. Finally, Wall Street Zen cut shares of Southern from a “hold” rating to a “sell” rating in a research report on Saturday, August 1st. Seven research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $100.09.

Southern Stock Performance

SO stock opened at $88.32 on Thursday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.59 and a current ratio of 0.79. The stock has a market capitalization of $101.60 billion, a price-to-earnings ratio of 21.18, a PEG ratio of 2.35 and a beta of 0.33. Southern Company has a 1 year low of $83.80 and a 1 year high of $100.83. The stock’s fifty day moving average is $93.73 and its two-hundred day moving average is $94.35.

Southern (NYSE:SO) last issued its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.12. Southern had a return on equity of 12.93% and a net margin of 15.43%.The business had revenue of $6.98 billion during the quarter, compared to analyst estimates of $7.23 billion. During the same period in the prior year, the company posted $0.79 EPS. The business’s revenue for the quarter was up .1% compared to the same quarter last year. On average, research analysts predict that Southern Company will post 4.59 EPS for the current year.

Southern Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, August 17th will be given a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Monday, August 17th. Southern’s dividend payout ratio is 72.90%.

About Southern

Southern Company (NYSE: SO) is an Atlanta-based energy holding company that provides electric and gas utility services and owns power generation assets across the United States. Founded in 1945, the company operates a portfolio of regulated electric utilities and affiliated businesses that generate, transmit and distribute electricity to residential, commercial and industrial customers.

Southern’s principal regulated electric subsidiaries include Georgia Power, Alabama Power and Mississippi Power, which serve large portions of the southeastern United States.