The Southern Company (NYSE:SO) operates as a public electric utility company.
Insider selling during the last 30 days
Here is a table of Southern Company's insider activity during the last 30 days.
|Name||Title||Trade Date||Shares Sold||Rule 10b5-1||Current Ownership||Decrease In Ownership|
|Stan Connally||President, GPC||May 2||5,631||No||8,976 shares + 5,631 options||27.8%|
|Mark Crosswhite||President, APC||May 1||22,460||No||11,759 shares||65.6%|
|Ann Daiss||Comptroller||April 7-28||32,120||Yes||2,436 shares||93.0%|
There have been 60,211 shares sold by insiders during the last 30 days. Ann Daiss sold shares pursuant to a Rule 10b5-1 plan. More details about the Rule 10b5-1 trading plan can be found from this link.
Insider selling by calendar month
Here is a table of Southern Company's insider activity by calendar month.
|Month||Insider selling / shares||Insider buying / shares|
There have been 287,369 shares sold, and there have been 10,400 shares purchased by insiders since January 2013.
Southern Company reported the first-quarter financial results on April 30 with the following highlights:
|Net income||$351 million|
Two of these three insiders sold their shares after these results.
|Qtrly Rev Growth (yoy):||0.19||0.33||0.23||0.12|
|PEG (5 yr expected):||4.40||5.64||-13.10||2.94|
Southern Company has the second-highest P/S ratio among these four companies.
Here is a table of these competitors' insider activities this year.
|Company||Insider buying / shares||Insider selling / shares|
Entergy Corporation has also seen intensive insider selling during the last 30 days.
There have been three different insiders selling Southern Company, and there have not been any insiders buying Southern Company during the last 30 days. All three of these insiders decreased their holdings by more than 10%. Southern Company has an insider ownership of 0.02%.
There is one analyst buy rating, 18 neutral ratings, and two sell ratings with an average price target of $44.29. Before going short Southern Company, I would like to get a bearish confirmation from the Point & Figure chart. The three main reasons for the proposed short entry are a relatively high P/S ratio, bearish analyst price targets, and the intensive insider-selling activity.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.