Vestmark Advisory Solutions Inc. 购买了南方公司(纽约证券交易所代码:SO)的1,230股

Vestmark Advisory Solutions Inc. 购买了南方公司(纽约证券交易所代码:SO)的1,230股
2023年04月03日 17:22 富途牛牛综合

Vestmark Advisory Solutions Inc. increased its position in shares of The Southern Company (NYSE:SO – Get Rating) by 14.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,521 shares of the utilities provider's stock after acquiring an additional 1,230 shares during the quarter. Vestmark Advisory Solutions Inc.'s holdings in Southern were worth $680,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SO. Vanguard Group Inc. boosted its holdings in Southern by 1.5% in the third quarter. Vanguard Group Inc. now owns 94,652,372 shares of the utilities provider's stock worth $6,436,360,000 after acquiring an additional 1,391,612 shares in the last quarter. BlackRock Inc. grew its position in Southern by 1.0% during the 3rd quarter. BlackRock Inc. now owns 76,360,768 shares of the utilities provider's stock worth $5,192,533,000 after purchasing an additional 723,336 shares during the last quarter. State Street Corp increased its stake in Southern by 2.1% during the 3rd quarter. State Street Corp now owns 65,068,549 shares of the utilities provider's stock valued at $4,424,661,000 after purchasing an additional 1,313,036 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Southern by 6.2% in the third quarter. Price T Rowe Associates Inc. MD now owns 63,002,360 shares of the utilities provider's stock worth $4,284,352,000 after buying an additional 3,653,841 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Southern by 0.8% during the third quarter. Bank of New York Mellon Corp now owns 8,795,619 shares of the utilities provider's stock valued at $598,104,000 after buying an additional 66,208 shares during the last quarter. Hedge funds and other institutional investors own 61.78% of the company's stock.

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Insider Transactions at Southern

In other Southern news, EVP Christopher Cummiskey sold 1,282 shares of the stock in a transaction that occurred on Thursday, February 16th. The stock was sold at an average price of $66.60, for a total transaction of $85,381.20. Following the completion of the transaction, the executive vice president now owns 27,512 shares of the company's stock, valued at $1,832,299.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Stephen E. Kuczynski sold 14,546 shares of the business's stock in a transaction dated Tuesday, January 10th. The shares were sold at an average price of $70.95, for a total transaction of $1,032,038.70. Following the transaction, the chief executive officer now directly owns 120,786 shares in the company, valued at $8,569,766.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Christopher Cummiskey sold 1,282 shares of the stock in a transaction dated Thursday, February 16th. The shares were sold at an average price of $66.60, for a total transaction of $85,381.20. Following the completion of the sale, the executive vice president now owns 27,512 shares of the company's stock, valued at approximately $1,832,299.20. The disclosure for this sale can be found here. Insiders sold 16,680 shares of company stock valued at $1,174,768 over the last 90 days. Corporate insiders own 0.37% of the company's stock.

Southern Price Performance

Shares of Southern stock opened at $69.58 on Monday. The firm has a market cap of $75.77 billion, a PE ratio of 21.21, a P/E/G ratio of 4.82 and a beta of 0.49. The Southern Company has a twelve month low of $58.85 and a twelve month high of $80.57. The company has a quick ratio of 0.52, a current ratio of 0.66 and a debt-to-equity ratio of 1.47. The business has a 50-day moving average price of $66.57 and a 200 day moving average price of $67.78.

Southern (NYSE:SO – Get Rating) last posted its quarterly earnings data on Thursday, February 16th. The utilities provider reported $0.26 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.02. Southern had a return on equity of 11.73% and a net margin of 12.40%. The business had revenue of $7.05 billion during the quarter, compared to analysts' expectations of $4.83 billion. During the same period in the previous year, the business earned $0.36 earnings per share. The business's revenue was up 22.2% compared to the same quarter last year. Sell-side analysts predict that The Southern Company will post 3.61 earnings per share for the current fiscal year.

Southern Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 6th. Stockholders of record on Tuesday, February 21st were given a $0.68 dividend. The ex-dividend date was Friday, February 17th. This represents a $2.72 annualized dividend and a dividend yield of 3.91%. Southern's dividend payout ratio (DPR) is 82.93%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Wolfe Research upgraded Southern from a "peer perform" rating to an "outperform" rating and set a $76.00 target price for the company in a research note on Monday, December 12th. Mizuho dropped their target price on Southern from $73.00 to $72.00 and set a "neutral" rating on the stock in a research report on Thursday, January 12th. Credit Suisse Group raised their price target on shares of Southern from $60.00 to $70.00 and gave the stock an "underperform" rating in a research report on Wednesday, January 18th. Wells Fargo & Company dropped their price objective on shares of Southern from $73.00 to $71.00 and set an "equal weight" rating on the stock in a report on Friday, February 17th. Finally, Royal Bank of Canada reduced their target price on shares of Southern from $79.00 to $78.00 and set an "outperform" rating for the company in a report on Thursday, March 2nd. Five equities research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $71.64.

About Southern

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The Southern Co is a holding company, which engages in the generation and sale of electricity. It operates through the following segments: Traditional Electric Operating Companies, Southern Power and Southern Company Gas. The Traditional Electric Operating Companies segment refers to vertically integrated utilities that own generation, transmission and distribution facilities, and supplies electric services in the states of Alabama, Georgia, Florida, and Mississippi.

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