Quotient Wealth Partners LLC Has $251,000 Holdings in The Southern Company (NYSE:SO)

Quotient Wealth Partners LLC increased its position in shares of The Southern Company (NYSE:SO) by 13.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,241 shares of the utilities provider’s stock after buying an additional 396 shares during the period. Quotient Wealth Partners LLC’s holdings in Southern were worth $251,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in SO. Voisard Asset Management Group Inc. acquired a new stake in Southern in the 4th quarter valued at about $31,000. Scarborough Advisors LLC acquired a new stake in shares of Southern in the fourth quarter valued at approximately $31,000. Versant Capital Management Inc boosted its stake in shares of Southern by 62.0% during the 1st quarter. Versant Capital Management Inc now owns 444 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 170 shares during the period. TruNorth Capital Management LLC acquired a new position in shares of Southern during the 2nd quarter worth approximately $39,000. Finally, Financial Synergies Wealth Advisors Inc. raised its stake in Southern by 3,628.6% in the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 522 shares of the utilities provider’s stock valued at $37,000 after acquiring an additional 508 shares during the period. Institutional investors and hedge funds own 64.10% of the company’s stock.

Insider Activity

In related news, EVP Sloane N. Drake sold 12,000 shares of the company’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $77.61, for a total transaction of $931,320.00. Following the completion of the sale, the executive vice president now directly owns 16,771 shares in the company, valued at approximately $1,301,597.31. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, CEO Anthony L. Wilson sold 6,900 shares of the company’s stock in a transaction on Friday, July 5th. The shares were sold at an average price of $77.61, for a total transaction of $535,509.00. Following the completion of the transaction, the chief executive officer now directly owns 85,309 shares in the company, valued at $6,620,831.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Sloane N. Drake sold 12,000 shares of the firm’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $77.61, for a total value of $931,320.00. Following the sale, the executive vice president now directly owns 16,771 shares in the company, valued at approximately $1,301,597.31. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,280 shares of company stock worth $1,678,625. Insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Southern from $80.00 to $87.00 and gave the stock an “underweight” rating in a research report on Monday, August 12th. Wolfe Research downgraded shares of Southern from an “outperform” rating to a “peer perform” rating in a report on Friday, August 2nd. Morgan Stanley increased their price target on shares of Southern from $72.00 to $78.00 and gave the company an “equal weight” rating in a report on Friday. Wells Fargo & Company boosted their price objective on Southern from $77.00 to $89.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. Finally, Bank of America increased their target price on Southern from $73.00 to $79.00 and gave the stock a “neutral” rating in a research note on Friday, May 31st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $83.14.

Southern Stock Down 0.3 %

Shares of NYSE SO opened at $86.12 on Friday. The stock has a market capitalization of $94.17 billion, a P/E ratio of 22.25, a PEG ratio of 3.13 and a beta of 0.51. The stock’s fifty day moving average is $82.18 and its 200 day moving average is $75.93. The Southern Company has a 52 week low of $61.56 and a 52 week high of $89.68. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.66 and a current ratio of 0.91.

Southern (NYSE:SO) last released its earnings results on Thursday, August 1st. The utilities provider reported $1.10 EPS for the quarter, beating the consensus estimate of $0.91 by $0.19. The firm had revenue of $6.46 billion for the quarter, compared to analyst estimates of $6.10 billion. Southern had a net margin of 17.67% and a return on equity of 12.88%. The business’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same period last year, the firm earned $0.79 EPS. Sell-side analysts forecast that The Southern Company will post 4.01 earnings per share for the current fiscal year.

Southern Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Monday, August 19th will be issued a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date of this dividend is Monday, August 19th. Southern’s dividend payout ratio is presently 74.42%.

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.