Meadow Creek Wealth Advisors LLC Has $258,000 Position in The Southern Company (NYSE:SO)

Meadow Creek Wealth Advisors LLC trimmed its holdings in The Southern Company (NYSE:SO) by 13.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,139 shares of the utilities provider’s stock after selling 484 shares during the quarter. Meadow Creek Wealth Advisors LLC’s holdings in Southern were worth $258,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Stanley Laman Group Ltd. boosted its position in shares of Southern by 3.8% during the 3rd quarter. Stanley Laman Group Ltd. now owns 3,246 shares of the utilities provider’s stock worth $293,000 after purchasing an additional 119 shares in the last quarter. Abel Hall LLC raised its stake in Southern by 1.8% during the 3rd quarter. Abel Hall LLC now owns 6,830 shares of the utilities provider’s stock worth $616,000 after buying an additional 120 shares during the period. DT Investment Partners LLC boosted its holdings in Southern by 5.8% in the third quarter. DT Investment Partners LLC now owns 2,201 shares of the utilities provider’s stock worth $198,000 after acquiring an additional 121 shares in the last quarter. Birchcreek Wealth Management LLC grew its stake in Southern by 4.5% in the third quarter. Birchcreek Wealth Management LLC now owns 2,836 shares of the utilities provider’s stock valued at $256,000 after acquiring an additional 121 shares during the period. Finally, Truvestments Capital LLC raised its position in shares of Southern by 4.3% during the third quarter. Truvestments Capital LLC now owns 3,011 shares of the utilities provider’s stock worth $272,000 after purchasing an additional 123 shares during the period. Institutional investors own 64.10% of the company’s stock.

Analyst Upgrades and Downgrades

SO has been the subject of a number of recent research reports. Scotiabank boosted 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. Guggenheim lowered shares of Southern from a “buy” rating to a “neutral” rating in a report on Thursday, January 23rd. Morgan Stanley cut their price target on Southern from $88.00 to $85.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. BMO Capital Markets lowered their price objective on Southern from $99.00 to $97.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Finally, Mizuho lifted their target price on Southern from $83.00 to $85.00 and gave the company a “neutral” rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $89.79.

Insider Transactions at Southern

In related news, EVP Martin Bernard Davis sold 1,170 shares of the firm’s 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 completion of the transaction, the executive vice president now directly owns 88,393 shares of the company’s stock, valued at approximately $7,592,958.70. This trade represents a 1.31 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.18% of the stock is owned by corporate insiders.

Southern Stock Up 0.8 %

Southern stock opened at $83.84 on Thursday. The Southern Company has a twelve month low of $65.80 and a twelve month high of $94.45. The company has a quick ratio of 0.66, a current ratio of 0.91 and a debt-to-equity ratio of 1.66. The firm has a 50 day moving average price of $83.70 and a 200-day moving average price of $86.67. The company has a market capitalization of $91.86 billion, a P/E ratio of 19.50, a P/E/G ratio of 2.86 and a beta of 0.53.

Southern Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.72 per share. The ex-dividend date is Tuesday, February 18th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 3.44%. Southern’s dividend payout ratio is presently 66.98%.

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.