Parkside Investments LLC Has $5.08 Million Stock Position in The Southern Company (NYSE:SO)

Parkside Investments LLC lifted its holdings in shares of The Southern Company (NYSE:SO) by 27.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 61,755 shares of the utilities provider’s stock after purchasing an additional 13,485 shares during the period. Parkside Investments LLC’s holdings in Southern were worth $5,084,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. Retirement Wealth Solutions LLC bought a new position in Southern during the fourth quarter worth $25,000. Frazier Financial Advisors LLC raised its position in shares of Southern by 168.1% in the 3rd quarter. Frazier Financial Advisors LLC now owns 311 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 195 shares in the last quarter. West Branch Capital LLC lifted its stake in shares of 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 purchasing an additional 129 shares during the period. Quarry LP bought a new stake in shares of Southern during the 3rd quarter valued at about $49,000. Finally, Safe Harbor Fiduciary LLC acquired a new stake in Southern during the third quarter worth approximately $49,000. Institutional investors own 64.10% of the company’s stock.

Southern Price Performance

SO opened at $83.50 on Monday. The firm’s fifty day moving average price is $84.28 and its two-hundred day moving average price is $86.50. The company has a market capitalization of $91.48 billion, a price-to-earnings ratio of 19.42, a P/E/G ratio of 2.81 and a beta of 0.52. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.91 and a quick ratio of 0.66. The Southern Company has a 1 year low of $65.80 and a 1 year high of $94.45.

Southern (NYSE:SO) last issued its quarterly earnings data on Thursday, October 31st. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.10. Southern had a net margin of 17.87% and a return on equity of 12.78%. The business had revenue of $7.27 billion during the quarter, compared to the consensus estimate of $7.14 billion. During the same period in the prior year, the firm posted $1.42 EPS. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. As a group, analysts anticipate that The Southern Company will post 4.04 earnings per share for the current fiscal year.

Insider Activity at Southern

In other Southern news, EVP Martin Bernard Davis sold 1,170 shares of Southern stock in a transaction dated Thursday, December 5th. The shares were 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 of the company’s stock, valued at approximately $7,592,958.70. The trade was a 1.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.18% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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

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.