Relyea Zuckerberg Hanson LLC Has $355,000 Stock Holdings in The Southern Company (NYSE:SO)

Relyea Zuckerberg Hanson LLC raised its position in The Southern Company (NYSE:SO) by 6.4% in the 4th quarter, HoldingsChannel reports. The fund owned 4,307 shares of the utilities provider’s stock after purchasing an additional 258 shares during the period. Relyea Zuckerberg Hanson LLC’s holdings in Southern were worth $355,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the company. Woodstock Corp raised its stake in shares of Southern by 5.1% in the fourth quarter. Woodstock Corp now owns 41,823 shares of the utilities provider’s stock valued at $3,443,000 after purchasing an additional 2,040 shares in the last quarter. RDA Financial Network increased its holdings in Southern by 9.0% in the 4th quarter. RDA Financial Network now owns 20,961 shares of the utilities provider’s stock valued at $1,725,000 after buying an additional 1,722 shares during the period. Hennessy Advisors Inc. raised its stake in shares of Southern by 9.4% in the 4th quarter. Hennessy Advisors Inc. now owns 292,700 shares of the utilities provider’s stock valued at $24,095,000 after buying an additional 25,200 shares in the last quarter. Goldstone Financial Group LLC lifted its holdings in shares of Southern by 7.8% during the 4th quarter. Goldstone Financial Group LLC now owns 6,447 shares of the utilities provider’s stock worth $531,000 after acquiring an additional 469 shares during the period. Finally, Cvfg LLC acquired a new stake in shares of Southern during the 4th quarter valued at about $535,000. Institutional investors own 64.10% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on SO. 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 research note on Friday, November 22nd. Barclays boosted 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. Jefferies Financial Group began coverage on Southern in a research note on Friday, September 20th. They set a “hold” rating and a $94.00 price objective for the company. UBS Group upped their target price on shares of Southern from $90.00 to $91.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. Finally, BMO Capital Markets cut their price target on shares of Southern from $99.00 to $97.00 and set an “outperform” rating for the company in a report on Friday, November 1st. One 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’s stock. Based on data from MarketBeat.com, Southern presently has a consensus rating of “Hold” and an average price target of $90.14.

Southern Stock Up 0.0 %

Shares of SO opened at $83.92 on Friday. The firm has a market capitalization of $91.95 billion, a price-to-earnings ratio of 19.52, a PEG ratio of 2.77 and a beta of 0.52. The Southern Company has a 52 week low of $65.80 and a 52 week high of $94.45. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.66 and a current ratio of 0.91. The business’s fifty day moving average price is $84.70 and its two-hundred day moving average price is $86.19.

Southern (NYSE:SO) last announced its quarterly earnings data on Thursday, October 31st. The utilities provider reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.10. The firm had revenue of $7.27 billion during the quarter, compared to analyst estimates of $7.14 billion. Southern had a return on equity of 12.78% and a net margin of 17.87%. The company’s revenue was up 4.2% on a year-over-year basis. During the same period last year, the company earned $1.42 earnings per share. On average, analysts predict that The Southern Company will post 4.04 earnings per share for the current year.

Insider Buying and Selling at Southern

In other Southern news, EVP Martin Bernard Davis sold 1,170 shares of the stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $85.90, for a total value of $100,503.00. Following the transaction, the executive vice president now owns 88,393 shares of the company’s stock, valued at approximately $7,592,958.70. This represents a 1.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.18% of the company’s stock.

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.