Advisory Services Network LLC raised its holdings in shares of Southern Company (The) (NYSE:SO) by 11.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,179 shares of the utilities provider’s stock after purchasing an additional 5,125 shares during the quarter. Advisory Services Network LLC’s holdings in Southern Company (The) were worth $2,450,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Pacer Advisors Inc. grew its stake in shares of Southern Company (The) by 3.3% in the 1st quarter. Pacer Advisors Inc. now owns 20,879 shares of the utilities provider’s stock worth $1,039,000 after acquiring an additional 661 shares in the last quarter. Bruderman Asset Management LLC grew its stake in shares of Southern Company (The) by 3.3% in the 1st quarter. Bruderman Asset Management LLC now owns 282,846 shares of the utilities provider’s stock worth $14,080,000 after acquiring an additional 9,162 shares in the last quarter. Private Advisor Group LLC grew its stake in shares of Southern Company (The) by 9.7% in the 1st quarter. Private Advisor Group LLC now owns 92,919 shares of the utilities provider’s stock worth $4,684,000 after acquiring an additional 8,243 shares in the last quarter. South Texas Money Management Ltd. grew its stake in shares of Southern Company (The) by 16.5% in the 1st quarter. South Texas Money Management Ltd. now owns 7,065 shares of the utilities provider’s stock worth $352,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Congress Asset Management Co. MA grew its stake in shares of Southern Company (The) by 3.0% in the 1st quarter. Congress Asset Management Co. MA now owns 9,475 shares of the utilities provider’s stock worth $472,000 after acquiring an additional 275 shares in the last quarter. Institutional investors and hedge funds own 52.88% of the company’s stock.

Several analysts have recently issued reports on SO shares. Zacks Investment Research lowered shares of Southern Company (The) from a “hold” rating to a “sell” rating in a research note on Monday, September 11th. Jefferies Group LLC reiterated a “buy” rating and issued a $56.00 target price (up previously from $55.00) on shares of Southern Company (The) in a research note on Tuesday, September 12th. KeyCorp reiterated a “hold” rating on shares of Southern Company (The) in a research note on Friday, September 1st. Mizuho upgraded shares of Southern Company (The) from a “neutral” rating to a “buy” rating and set a $53.00 target price for the company in a research note on Tuesday, September 5th. Finally, Bank of America Corporation reissued an “underperform” rating and issued a $51.00 price target on shares of Southern Company (The) in a report on Tuesday, October 24th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company’s stock. Southern Company (The) has an average rating of “Hold” and an average price target of $49.72.

ILLEGAL ACTIVITY NOTICE: This news story was originally posted by Watch List News and is the property of of Watch List News. If you are viewing this news story on another publication, it was stolen and republished in violation of United States and international copyright laws. The correct version of this news story can be viewed at https://www.watchlistnews.com/advisory-services-network-llc-acquires-5125-shares-of-southern-company-the-so/1711349.html.

In other news, CEO William P. Bowers sold 85,151 shares of the stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $50.00, for a total value of $4,257,550.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP James Y. Kerr II sold 25,000 shares of the stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $52.16, for a total transaction of $1,304,000.00. Following the completion of the sale, the vice president now directly owns 26,000 shares in the company, valued at $1,356,160. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 213,813 shares of company stock worth $11,029,988. Insiders own 1.00% of the company’s stock.

Shares of Southern Company (NYSE:SO) opened at $50.97 on Friday. The company has a market cap of $52,130.00, a PE ratio of 19.02, a price-to-earnings-growth ratio of 4.73 and a beta of 0.15. Southern Company has a fifty-two week low of $46.20 and a fifty-two week high of $53.51. The company has a current ratio of 0.73, a quick ratio of 0.57 and a debt-to-equity ratio of 1.73.

Southern Company (The) (NYSE:SO) last released its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $1.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.04. The business had revenue of $6.20 billion for the quarter, compared to the consensus estimate of $6.16 billion. Southern Company (The) had a net margin of 2.59% and a return on equity of 10.81%. The company’s revenue was down 1.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.27 earnings per share. equities research analysts anticipate that Southern Company will post 2.95 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 6th. Shareholders of record on Monday, November 20th will be issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 4.55%. The ex-dividend date is Friday, November 17th. Southern Company (The)’s dividend payout ratio (DPR) is presently 414.29%.

Southern Company (The) 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.

Want to see what other hedge funds are holding SO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Southern Company (The) (NYSE:SO).

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

Receive News & Ratings for Southern Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southern Company (The) and related companies with Analyst Ratings Network's FREE daily email newsletter.