5,000 Shares in The Southern Company (NYSE:SO) Purchased by Glaxis Capital Management LLC

Glaxis Capital Management LLC purchased a new position in The Southern Company (NYSE:SO) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 5,000 shares of the utilities provider’s stock, valued at approximately $412,000. Southern makes up 1.1% of Glaxis Capital Management LLC’s portfolio, making the stock its 23rd biggest holding.

Several other institutional investors also recently modified their holdings of SO. Retirement Wealth Solutions LLC purchased a new position in shares of Southern in the fourth quarter worth approximately $25,000. YANKCOM Partnership purchased a new position in Southern during the fourth quarter valued at approximately $26,000. Frazier Financial Advisors LLC lifted its holdings in Southern by 168.1% during the third quarter. Frazier Financial Advisors LLC now owns 311 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 195 shares in the last quarter. WFA Asset Management Corp lifted its holdings in Southern by 84.9% during the fourth quarter. WFA Asset Management Corp now owns 429 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 197 shares in the last quarter. Finally, Valley National Advisers Inc. lifted its holdings in 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 in the last quarter. 64.10% of the stock is currently owned by institutional investors.

Insider Activity at Southern

In related news, CEO James Jeffrey Peoples sold 14,540 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $86.00, for a total transaction of $1,250,440.00. Following the completion of the transaction, the chief executive officer now owns 13,236 shares in the company, valued at $1,138,296. The trade was a 52.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Kimberly S. Greene sold 32,190 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $93.12, for a total value of $2,997,532.80. Following the transaction, the chief executive officer now owns 106,819 shares of the company’s stock, valued at $9,946,985.28. This represents a 23.16 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 47,855 shares of company stock worth $4,348,784. 0.18% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

SO has been the topic of several recent analyst reports. Guggenheim cut shares of Southern from a “buy” rating to a “neutral” rating in a research report on Thursday, January 23rd. Mizuho lifted their price objective on shares of Southern from $83.00 to $85.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Scotiabank lifted their price objective on shares of Southern from $96.00 to $98.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. Finally, Morgan Stanley lowered their price objective on shares of Southern from $88.00 to $85.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Southern currently has a consensus rating of “Hold” and an average price target of $90.54.

Southern Price Performance

SO stock opened at $90.07 on Wednesday. The stock has a market cap of $98.79 billion, a price-to-earnings ratio of 22.46, a PEG ratio of 3.01 and a beta of 0.46. The Southern Company has a fifty-two week low of $67.53 and a fifty-two week high of $94.45. The business has a 50 day moving average price of $85.43 and a 200 day moving average price of $87.07. The company has a quick ratio of 0.66, a current ratio of 0.67 and a debt-to-equity ratio of 1.60.

Southern (NYSE:SO) last released its earnings results on Thursday, February 20th. The utilities provider reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01). Southern had a net margin of 16.47% and a return on equity of 12.23%. The company had revenue of $6.34 billion during the quarter, compared to analyst estimates of $5.90 billion. Equities research analysts anticipate that The Southern Company will post 4.29 earnings per share for the current fiscal year.

Southern Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were paid a $0.72 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $2.88 annualized dividend and a yield of 3.20%. Southern’s payout ratio is currently 71.82%.

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.