Today: Southern Co. (SO) Short Interest Update

Today: Southern Co. (SO) Short Interest Update

Southern Co. (NYSE:SO) was the target of a large growth in short interest during the month of September. As of September 30th, there was short interest totalling 19,557,221 shares, a growth of 28.9% from the September 15th total of 15,177,071 shares. Based on an average daily volume of 6,123,648 shares, the short-interest ratio is currently 3.2 days. Approximately 2.0% of the company’s stock are short sold.

A number of equities analysts have recently weighed in on the company. Jefferies Group restated a “hold” rating on shares of Southern in a research note on Monday, July 11th. Mizuho reaffirmed a “hold” rating and issued a $50.00 price target on shares of Southern in a report on Monday, July 11th. Goldman Sachs Group Inc. reaffirmed a “neutral” rating and issued a $54.00 price target on shares of Southern in a report on Thursday, July 14th. Zacks Investment Research raised shares of Southern from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a report on Tuesday, September 27th. Finally, Barclays PLC raised shares of Southern from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $54.00 to $62.00 in a report on Thursday, July 14th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $53.50.

Southern (NYSE:SO) opened at 50.56 on Monday. The stock has a 50 day moving average of $51.41 and a 200 day moving average of $51.36. The company has a market cap of $47.61 billion, a PE ratio of 20.07 and a beta of 0.08. Southern has a 12-month low of $43.38 and a 12-month high of $54.64.

Southern (NYSE:SO) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.74 EPS for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.04. Southern had a net margin of 13.77% and a return on equity of 12.50%. The firm had revenue of $4.45 billion for the quarter, compared to analysts’ expectations of $4.54 billion. During the same quarter in the prior year, the company posted $0.71 earnings per share. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. Equities analysts expect that Southern will post $2.86 earnings per share for the current year.

In other news, CEO Stan W. Connally sold 14,392 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $53.75, for a total value of $773,570.00. Following the transaction, the chief executive officer now owns 17,716 shares in the company, valued at approximately $952,235. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Christopher C. Womack sold 46,008 shares of the business’s stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $53.40, for a total value of $2,456,827.20. Following the completion of the transaction, the executive vice president now owns 56,149 shares in the company, valued at approximately $2,998,356.60. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Windward Capital Management Co. CA boosted its stake in Southern by 71.4% in the third quarter. Windward Capital Management Co. CA now owns 8,601 shares of the company’s stock worth $441,000 after buying an additional 3,584 shares during the last quarter. Advisor Consultant Network Inc. purchased a new stake in Southern during the third quarter worth approximately $296,000. Pennsylvania Trust Co boosted its stake in Southern by 0.4% in the third quarter. Pennsylvania Trust Co now owns 24,656 shares of the company’s stock worth $1,265,000 after buying an additional 105 shares during the last quarter. Harwood Advisory Group LLC boosted its stake in Southern by 18.8% in the third quarter. Harwood Advisory Group LLC now owns 29,933 shares of the company’s stock worth $1,536,000 after buying an additional 4,743 shares during the last quarter. Finally, Gierl Augustine Investment Management Inc boosted its stake in Southern by 5.9% in the third quarter. Gierl Augustine Investment Management Inc now owns 60,515 shares of the company’s stock worth $3,104,000 after buying an additional 3,357 shares during the last quarter. Hedge funds and other institutional investors own 48.64% of the company’s stock.

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