FDx Advisors Inc. Has $322,000 Stock Holdings in The Southern Company (NYSE:SO)

FDx Advisors Inc. trimmed its position in The Southern Company (NYSE:SO) by 20.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,566 shares of the utilities provider’s stock after selling 907 shares during the quarter. FDx Advisors Inc.’s holdings in Southern were worth $322,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cedar Wealth Management LLC increased its holdings in Southern by 63.2% in the first quarter. Cedar Wealth Management LLC now owns 545 shares of the utilities provider’s stock valued at $39,000 after purchasing an additional 211 shares during the last quarter. TruNorth Capital Management LLC bought a new stake in shares of Southern in the 2nd quarter valued at about $39,000. Versant Capital Management Inc raised its position in shares of Southern by 31.8% in the 2nd quarter. Versant Capital Management Inc now owns 585 shares of the utilities provider’s stock valued at $45,000 after acquiring an additional 141 shares during the period. West Branch Capital LLC boosted its stake in Southern by 34.7% during the 3rd quarter. West Branch Capital LLC now owns 501 shares of the utilities provider’s stock worth $45,000 after acquiring an additional 129 shares during the last quarter. Finally, Evermay Wealth Management LLC grew its holdings in Southern by 120.1% during the first quarter. Evermay Wealth Management LLC now owns 678 shares of the utilities provider’s stock valued at $49,000 after purchasing an additional 370 shares during the period. 64.10% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, EVP Bryan D. Anderson sold 6,565 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $89.54, for a total value of $587,830.10. Following the sale, the executive vice president now directly owns 44,467 shares of the company’s stock, valued at approximately $3,981,575.18. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Bryan D. Anderson sold 6,565 shares of Southern stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $89.54, for a total transaction of $587,830.10. Following the completion of the transaction, the executive vice president now directly owns 44,467 shares in the company, valued at approximately $3,981,575.18. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO James Y. Kerr II sold 30,000 shares of the stock in a transaction on Friday, October 4th. The shares were sold at an average price of $89.64, for a total value of $2,689,200.00. Following the completion of the sale, the chief executive officer now owns 145,088 shares in the company, valued at approximately $13,005,688.32. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

SO has been the topic of several recent analyst reports. Mizuho lowered Southern from an “outperform” rating to a “neutral” rating and set a $90.00 target price on the stock. in a report on Monday, September 16th. UBS Group boosted their price objective on Southern from $90.00 to $91.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. Guggenheim raised their target price on shares of Southern from $93.00 to $97.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Morgan Stanley upped their price target on shares of Southern from $78.00 to $82.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. Finally, Barclays raised their price objective on shares of Southern from $71.00 to $83.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $89.27.

Southern Trading Down 0.3 %

Shares of NYSE:SO opened at $88.34 on Tuesday. The company’s 50-day moving average price is $89.93 and its two-hundred day moving average price is $83.89. The Southern Company has a one year low of $65.80 and a one year high of $94.45. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.91 and a quick ratio of 0.66. The stock has a market capitalization of $96.79 billion, a PE ratio of 20.54, a price-to-earnings-growth ratio of 3.15 and a beta of 0.52.

Southern (NYSE:SO) last released its earnings results on Thursday, October 31st. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.10. The business had revenue of $7.27 billion for 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%. Southern’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.42 earnings per share. On average, equities analysts forecast that The Southern Company will post 4.04 EPS for the current fiscal year.

Southern Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Monday, November 18th will be paid a $0.72 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $2.88 annualized dividend and a dividend yield of 3.26%. 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.