Hummer Financial Advisory Services Inc Has $358,000 Holdings in The Southern Company (NYSE:SO)

Hummer Financial Advisory Services Inc trimmed its holdings in The Southern Company (NYSE:SO) by 4.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,350 shares of the utilities provider’s stock after selling 200 shares during the period. Hummer Financial Advisory Services Inc’s holdings in Southern were worth $358,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Frazier Financial Advisors LLC lifted its holdings in shares of Southern by 168.1% in 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. West Branch Capital LLC lifted its stake 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 in the last quarter. Safe Harbor Fiduciary LLC acquired a new position in Southern during the 3rd quarter worth approximately $49,000. Quarry LP bought a new position in shares of Southern during the 3rd quarter worth approximately $49,000. Finally, Activest Wealth Management acquired a new stake in shares of Southern in the third quarter valued at approximately $54,000. 64.10% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Martin Bernard Davis sold 1,170 shares of Southern stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 88,393 shares of the company’s stock, valued at $7,592,958.70. This trade represents a 1.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.18% of the stock is owned by company insiders.

Southern Stock Up 0.6 %

SO opened at $81.81 on Tuesday. The Southern Company has a fifty-two week low of $65.80 and a fifty-two week high of $94.45. The company has a market capitalization of $89.64 billion, a P/E ratio of 19.03, a P/E/G ratio of 3.04 and a beta of 0.52. The stock has a fifty day moving average of $85.09 and a 200-day moving average of $86.16. 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 announced 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 company had revenue of $7.27 billion for the quarter, compared to analysts’ expectations of $7.14 billion. Southern had a net margin of 17.87% and a return on equity of 12.78%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period last year, the firm earned $1.42 earnings per share. On average, equities analysts expect that The Southern Company will post 4.03 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Jefferies Financial Group began coverage on shares of Southern in a research report on Friday, September 20th. They issued a “hold” rating and a $94.00 target price for the company. Morgan Stanley lowered their target price 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. Barclays increased their price target on Southern from $71.00 to $83.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 15th. BMO Capital Markets lowered their price target on Southern from $99.00 to $97.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Finally, UBS Group increased their price objective on Southern from $90.00 to $91.00 and gave the company a “neutral” rating in a report on Friday, September 20th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $90.14.

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.