Southern Company (The) $SO Shares Acquired by TIAA Trust National Association

TIAA Trust National Association lifted its position in Southern Company (The) (NYSE:SO) by 8.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 206,340 shares of the utilities provider’s stock after buying an additional 15,373 shares during the quarter. TIAA Trust National Association’s holdings in Southern were worth $19,555,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Cloud Capital Management LLC acquired a new position in Southern in the 3rd quarter valued at about $25,000. Grey Fox Wealth Advisors LLC acquired a new stake in Southern in the third quarter valued at $29,000. Steigerwald Gordon & Koch Inc. acquired a new position in Southern in the third quarter valued at approximately $34,000. Chilton Capital Management LLC grew its position in shares of Southern by 120.1% in the 3rd quarter. Chilton Capital Management LLC now owns 361 shares of the utilities provider’s stock valued at $34,000 after buying an additional 197 shares during the last quarter. Finally, Anfield Capital Management LLC lifted its holdings in shares of Southern by 309.5% in the 2nd quarter. Anfield Capital Management LLC now owns 430 shares of the utilities provider’s stock valued at $39,000 after purchasing an additional 325 shares during the last quarter. Institutional investors and hedge funds own 64.10% of the company’s stock.

Southern Price Performance

NYSE SO opened at $97.38 on Friday. Southern Company has a 12 month low of $83.09 and a 12 month high of $100.83. The company has a debt-to-equity ratio of 1.69, a current ratio of 0.65 and a quick ratio of 0.47. The company’s 50 day simple moving average is $89.74 and its 200 day simple moving average is $91.37. The firm has a market capitalization of $107.22 billion, a PE ratio of 24.78, a P/E/G ratio of 2.91 and a beta of 0.45.

Southern (NYSE:SO) last announced its earnings results on Wednesday, February 18th. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). The company had revenue of $6.98 billion for the quarter, compared to analyst estimates of $6.41 billion. Southern had a return on equity of 12.52% and a net margin of 14.69%.The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period last year, the firm earned $0.50 earnings per share. As a group, equities research analysts forecast that Southern Company will post 4.29 EPS for the current fiscal year.

Southern Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 6th. Stockholders of record on Tuesday, February 17th will be paid a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Tuesday, February 17th. Southern’s dividend payout ratio is 75.32%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Southern in a research note on Wednesday, January 21st. Truist Financial set a $103.00 price target on shares of Southern in a research report on Friday, February 20th. The Goldman Sachs Group lowered Southern from a “buy” rating to a “neutral” rating and set a $98.00 price target on the stock. in a research note on Thursday, November 6th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $105.00 price target on shares of Southern in a research report on Friday, January 23rd. Finally, Mizuho set a $104.00 price objective on shares of Southern and gave the company an “outperform” rating in a research report on Friday, February 20th. Five analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Southern presently has an average rating of “Hold” and a consensus target price of $97.64.

About Southern

Southern Company (NYSE: SO) is an Atlanta-based energy holding company that provides electric and gas utility services and owns power generation assets across the United States. Founded in 1945, the company operates a portfolio of regulated electric utilities and affiliated businesses that generate, transmit and distribute electricity to residential, commercial and industrial customers.

Southern’s principal regulated electric subsidiaries include Georgia Power, Alabama Power and Mississippi Power, which serve large portions of the southeastern United States.