Advisors Management Group Inc. ADV lifted its holdings in Southern Company (The) (NYSE:SO) by 0.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 84,817 shares of the utilities provider’s stock after acquiring an additional 532 shares during the period. Southern Company (The) accounts for approximately 2.2% of Advisors Management Group Inc. ADV’s holdings, making the stock its 17th biggest holding. Advisors Management Group Inc. ADV’s holdings in Southern Company (The) were worth $4,061,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in SO. BlackRock Inc. lifted its holdings in shares of Southern Company (The) by 2,961.9% in the 1st quarter. BlackRock Inc. now owns 62,067,822 shares of the utilities provider’s stock valued at $3,089,736,000 after acquiring an additional 60,040,696 shares during the last quarter. Ameriprise Financial Inc. raised its position in Southern Company (The) by 205.4% in the 1st quarter. Ameriprise Financial Inc. now owns 8,803,018 shares of the utilities provider’s stock worth $438,168,000 after purchasing an additional 5,920,212 shares during the period. Vanguard Group Inc. raised its position in Southern Company (The) by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 68,758,138 shares of the utilities provider’s stock worth $3,422,780,000 after purchasing an additional 2,688,854 shares during the period. Swiss National Bank raised its position in Southern Company (The) by 20.3% in the 1st quarter. Swiss National Bank now owns 4,978,424 shares of the utilities provider’s stock worth $247,826,000 after purchasing an additional 841,100 shares during the period. Finally, Marshall Wace North America L.P. purchased a new stake in Southern Company (The) in the 2nd quarter worth about $35,701,000. 53.28% of the stock is owned by hedge funds and other institutional investors.

Southern Company (NYSE:SO) opened at 49.59 on Friday. The stock has a market capitalization of $49.56 billion, a price-to-earnings ratio of 81.56 and a beta of 0.13. The stock’s 50 day moving average is $49.06 and its 200-day moving average is $49.36. Southern Company has a 12 month low of $46.20 and a 12 month high of $52.23.

Southern Company (The) (NYSE:SO) last released its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.02. The business had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $5.23 billion. Southern Company (The) had a net margin of 2.93% and a return on equity of 11.30%. The business’s revenue was up 21.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.74 EPS. On average, equities research analysts expect that Southern Company will post $2.95 earnings per share for the current year.

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A number of research firms recently weighed in on SO. J P Morgan Chase & Co began coverage on shares of Southern Company (The) in a research report on Tuesday, August 8th. They issued an “overweight” rating and a $16.78 price objective on the stock. Credit Suisse Group raised shares of Southern Company (The) from an “underperform” rating to a “neutral” rating in a research report on Thursday, August 3rd. Royal Bank Of Canada raised shares of Southern Company (The) from a “sector perform” rating to an “outperform” rating and set a $53.00 price objective on the stock in a research report on Friday, September 29th. Citigroup Inc. increased their price objective on shares of Southern Company (The) from $42.00 to $43.00 and gave the stock a “sell” rating in a research report on Wednesday, July 26th. Finally, Morgan Stanley set a $50.00 price objective on shares of Southern Company (The) and gave the stock a “sell” rating in a research report on Thursday, August 10th. Three analysts have rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $48.90.

In other news, EVP Christopher C. Womack sold 75,144 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $49.29, for a total value of $3,703,847.76. Following the sale, the executive vice president now directly owns 85,298 shares of the company’s stock, valued at approximately $4,204,338.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.00% of the stock is currently owned by insiders.

Southern Company (The) 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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Institutional Ownership by Quarter for Southern Company (The) (NYSE:SO)

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