Ahrens Investment Partners LLC reduced its position in Southern Company (The) (NYSE:SO) by 22.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,556 shares of the utilities provider’s stock after selling 3,412 shares during the quarter. Ahrens Investment Partners LLC’s holdings in Southern Company (The) were worth $568,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Chicago Partners Investment Group LLC bought a new position in Southern Company (The) in the second quarter worth $100,000. Farmers & Merchants Trust Co of Chambersburg PA bought a new position in Southern Company (The) in the third quarter worth $105,000. IHT Wealth Management LLC lifted its position in Southern Company (The) by 15.3% in the first quarter. IHT Wealth Management LLC now owns 2,281 shares of the utilities provider’s stock worth $115,000 after purchasing an additional 302 shares during the period. Monroe Bank & Trust MI lifted its position in Southern Company (The) by 17.9% in the second quarter. Monroe Bank & Trust MI now owns 2,300 shares of the utilities provider’s stock worth $110,000 after purchasing an additional 350 shares during the period. Finally, AlphaMark Advisors LLC lifted its position in Southern Company (The) by 0.6% in the second quarter. AlphaMark Advisors LLC now owns 2,363 shares of the utilities provider’s stock worth $113,000 after purchasing an additional 14 shares during the period. 52.64% of the stock is owned by hedge funds and other institutional investors.

Several research analysts recently commented on SO shares. Deutsche Bank AG raised Southern Company (The) from a “hold” rating to a “buy” rating and raised their target price for the stock from $50.00 to $52.00 in a research report on Tuesday, August 1st. Mizuho raised Southern Company (The) from a “neutral” rating to a “buy” rating and set a $53.00 target price for the company in a research report on Tuesday, September 5th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $56.00 target price (up from $55.00) on shares of Southern Company (The) in a research report on Tuesday, September 12th. Guggenheim raised Southern Company (The) from a “neutral” rating to a “buy” rating and raised their target price for the stock from $49.00 to $56.00 in a research report on Thursday, September 14th. Finally, Zacks Investment Research raised Southern Company (The) from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a research report on Tuesday, October 10th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the stock. Southern Company (The) currently has a consensus rating of “Hold” and a consensus price target of $49.72.

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In other news, VP James Y. Kerr II sold 25,000 shares of the firm’s stock in a transaction on Friday, October 20th. The stock was sold at an average price of $52.16, for a total value 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO William P. Bowers sold 85,151 shares of the firm’s stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $50.00, for a total value of $4,257,550.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 213,813 shares of company stock valued at $11,029,988. Company insiders own 1.00% of the company’s stock.

Southern Company (NYSE SO) opened at $51.62 on Friday. The stock has a market capitalization of $51,546.34, a price-to-earnings ratio of 18.68, a price-to-earnings-growth ratio of 4.64 and a beta of 0.15. Southern Company has a twelve month low of $46.20 and a twelve month high of $53.51. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.57 and a current ratio of 0.73.

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

The business 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. The ex-dividend date of this dividend is Friday, November 17th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 4.49%. Southern Company (The)’s payout ratio is presently 414.29%.

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.

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

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