McGlone Suttner Wealth Management Inc. Buys 523 Shares of The Southern Company (NYSE:SO)

McGlone Suttner Wealth Management Inc. raised its position in shares of The Southern Company (NYSE:SO) by 6.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,449 shares of the utilities provider’s stock after acquiring an additional 523 shares during the period. McGlone Suttner Wealth Management Inc.’s holdings in Southern were worth $696,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in SO. Retirement Wealth Solutions LLC acquired a new position in shares of Southern during the 4th quarter worth approximately $25,000. Frazier Financial Advisors LLC grew its position in Southern by 168.1% during the third quarter. Frazier Financial Advisors LLC now owns 311 shares of the utilities provider’s stock worth $28,000 after buying an additional 195 shares in the last quarter. West Branch Capital LLC increased its stake 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 acquiring an additional 129 shares during the period. Safe Harbor Fiduciary LLC acquired a new position in Southern in the 3rd quarter valued at $49,000. Finally, Quarry LP acquired a new stake in shares of Southern during the 3rd quarter worth $49,000. Institutional investors and hedge funds own 64.10% of the company’s stock.

Southern Stock Performance

Shares of SO stock opened at $82.23 on Friday. The firm has a market capitalization of $90.10 billion, a price-to-earnings ratio of 19.12, a PEG ratio of 2.81 and a beta of 0.52. The company has a current ratio of 0.91, a quick ratio of 0.66 and a debt-to-equity ratio of 1.66. The business’s 50-day moving average price is $84.46 and its 200-day moving average price is $86.38. The Southern Company has a 12 month low of $65.80 and a 12 month high of $94.45.

Southern (NYSE:SO) last posted its earnings results 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 business had revenue of $7.27 billion for 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 firm’s revenue was up 4.2% compared to the same quarter last year. During the same period last year, the company earned $1.42 EPS. Equities research analysts forecast that The Southern Company will post 4.04 EPS for the current year.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

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

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.