IVC Wealth Advisors LLC Has $470,000 Holdings in The Southern Company (NYSE:SO)

IVC Wealth Advisors LLC reduced its position in shares of The Southern Company (NYSE:SO) by 27.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,712 shares of the utilities provider’s stock after selling 2,136 shares during the quarter. IVC Wealth Advisors LLC’s holdings in Southern were worth $470,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Several analysts recently weighed in on the company. BMO Capital Markets dropped their price target on Southern from $99.00 to $97.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Scotiabank lifted their price objective on Southern from $96.00 to $98.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. Morgan Stanley decreased 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. Guggenheim cut Southern from a “buy” rating to a “neutral” rating in a research note on Thursday. Finally, Barclays lifted their price target on shares of Southern from $71.00 to $83.00 and gave the company an “equal weight” rating in a report on Tuesday, October 15th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $90.14.

Insider Activity

In related 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 value of $100,503.00. Following the completion of the sale, the executive vice president now owns 88,393 shares of the company’s stock, valued at approximately $7,592,958.70. This trade represents a 1.31 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.18% of the stock is currently owned by company insiders.

Southern Trading Down 0.4 %

SO opened at $82.23 on Friday. The stock has a market cap of $90.10 billion, a PE ratio of 19.12, a price-to-earnings-growth ratio of 2.81 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 twelve month low of $65.80 and a twelve month high of $94.45. The company has a fifty day moving average of $84.46 and a 200-day moving average of $86.38.

Southern (NYSE:SO) last announced its quarterly earnings data on Thursday, October 31st. The utilities provider reported $1.43 EPS for the quarter, topping the consensus estimate of $1.33 by $0.10. The company 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%. The company’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.42 EPS. On average, sell-side analysts predict that The Southern Company will post 4.04 EPS for the current year.

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.