Alpha Omega Wealth Management LLC boosted its holdings in shares of Southern Co (NYSE:SO) by 12.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,567 shares of the utilities provider’s stock after buying an additional 1,275 shares during the quarter. Alpha Omega Wealth Management LLC’s holdings in Southern were worth $556,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of the business. Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in shares of Southern in the third quarter valued at about $105,000. Monroe Bank & Trust MI grew its position in shares of Southern by 17.9% in the second quarter. Monroe Bank & Trust MI now owns 2,300 shares of the utilities provider’s stock valued at $110,000 after purchasing an additional 350 shares during the last quarter. AlphaMark Advisors LLC grew its position in shares of Southern by 0.6% in the second quarter. AlphaMark Advisors LLC now owns 2,363 shares of the utilities provider’s stock valued at $113,000 after purchasing an additional 14 shares during the last quarter. Fieldpoint Private Securities LLC acquired a new stake in shares of Southern in the third quarter valued at about $118,000. Finally, Thompson Davis & CO. Inc. grew its position in shares of Southern by 152.6% in the second quarter. Thompson Davis & CO. Inc. now owns 2,791 shares of the utilities provider’s stock valued at $134,000 after purchasing an additional 1,686 shares during the last quarter. 53.64% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Southern Co (NYSE SO) opened at $43.40 on Friday. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.73 and a quick ratio of 0.57. Southern Co has a one year low of $42.63 and a one year high of $53.51. The firm has a market cap of $43,560.00, a PE ratio of 77.50, a P/E/G ratio of 3.23 and a beta of 0.03.
SO has been the topic of several research analyst reports. Zacks Investment Research downgraded Southern from a “hold” rating to a “sell” rating in a research report on Monday, January 15th. Goldman Sachs Group reaffirmed a “sell” rating on shares of Southern in a research report on Wednesday, January 10th. Bank of America reaffirmed an “underperform” rating and issued a $51.00 price target on shares of Southern in a research report on Tuesday, October 24th. Mizuho reaffirmed a “buy” rating and issued a $52.00 price target on shares of Southern in a research report on Tuesday, December 26th. Finally, JPMorgan Chase & Co. initiated coverage on Southern in a research report on Friday, January 12th. They issued an “underweight” rating and a $46.00 price target on the stock. Six analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $50.50.
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Southern Company Profile
The Southern Company (Southern Company) is a holding company. The Company owns all of the stock of the traditional electric operating companies and the parent entities of Southern Power Company (Southern Power) and Southern Company Gas, and owns other direct and indirect subsidiaries. The Company’s segments include Gas distribution operations, Gas marketing services, Wholesale gas services, Gas midstream operations and All other.
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