林德布鲁克资本有限责任公司出售的南方公司(纽约证券交易所代码:SO)股票

林德布鲁克资本有限责任公司出售的南方公司(纽约证券交易所代码:SO)股票
2023年04月06日 17:52 富途牛牛综合

Lindbrook Capital LLC decreased its holdings in shares of The Southern Company (NYSE:SO – Get Rating) by 18.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,149 shares of the utilities provider's stock after selling 473 shares during the period. Lindbrook Capital LLC's holdings in Southern were worth $153,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Chilton Capital Management LLC acquired a new position in Southern during the 2nd quarter valued at approximately $25,000. Bourgeon Capital Management LLC lifted its stake in Southern by 192.0% in the fourth quarter. Bourgeon Capital Management LLC now owns 511 shares of the utilities provider's stock valued at $36,000 after buying an additional 336 shares during the last quarter. My Personal CFO LLC acquired a new position in shares of Southern during the fourth quarter valued at $38,000. Karp Capital Management Corp bought a new position in shares of Southern during the third quarter worth about $40,000. Finally, Fiduciary Alliance LLC acquired a new stake in shares of Southern in the 4th quarter worth about $40,000. 61.78% of the stock is owned by institutional investors and hedge funds.

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Insider Activity

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

Southern Price Performance

NYSE SO opened at $71.50 on Thursday. The stock has a market capitalization of $77.86 billion, a P/E ratio of 21.80, a P/E/G ratio of 4.78 and a beta of 0.51. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.52 and a current ratio of 0.66. The business's fifty day moving average is $66.76 and its two-hundred day moving average is $67.70. The Southern Company has a 1 year low of $58.85 and a 1 year high of $80.57.

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

Southern Announces Dividend

The company 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. This represents a $2.72 annualized dividend and a dividend yield of 3.80%. The ex-dividend date of this dividend was Friday, February 17th. Southern's dividend payout ratio (DPR) is currently 82.93%.

Wall Street Analysts Forecast Growth

Several research firms have commented on SO. BMO Capital Markets upped their target price on shares of Southern from $68.00 to $74.00 and gave the stock a "market perform" rating in a research report on Friday, December 16th. Wells Fargo & Company lowered their target price on Southern from $73.00 to $71.00 and set an "equal weight" rating on the stock in a research report on Friday, February 17th. Credit Suisse Group boosted their price target on Southern from $60.00 to $70.00 and gave the stock an "underperform" rating in a research report on Wednesday, January 18th. Morgan Stanley lowered their price target on Southern from $61.00 to $57.00 and set an "underweight" rating on the stock in a report on Tuesday, March 21st. Finally, Royal Bank of Canada reduced their price objective 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 investment 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. According to data from MarketBeat, Southern currently has a consensus rating of "Hold" and a consensus target price of $71.64.

Southern Company Profile

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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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