APG Asset Management N.V. cut its position in Southern Company (The) (NYSE:SO) by 8.2% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 2,331,676 shares of the utilities provider’s stock after selling 209,300 shares during the period. APG Asset Management N.V.’s holdings in Southern Company (The) were worth $111,641,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Fox Run Management L.L.C. increased its position in shares of Southern Company (The) by 15.2% in the first quarter. Fox Run Management L.L.C. now owns 6,453 shares of the utilities provider’s stock valued at $321,000 after buying an additional 853 shares in the last quarter. BLB&B Advisors LLC increased its position in shares of Southern Company (The) by 2.3% in the first quarter. BLB&B Advisors LLC now owns 13,193 shares of the utilities provider’s stock valued at $657,000 after buying an additional 300 shares in the last quarter. Integrated Wealth Management increased its position in shares of Southern Company (The) by 1.2% in the first quarter. Integrated Wealth Management now owns 19,289 shares of the utilities provider’s stock valued at $960,000 after buying an additional 230 shares in the last quarter. Atria Investments LLC increased its position in shares of Southern Company (The) by 30.4% in the first quarter. Atria Investments LLC now owns 56,556 shares of the utilities provider’s stock valued at $2,815,000 after buying an additional 13,177 shares in the last quarter. Finally, North American Management Corp increased its position in shares of Southern Company (The) by 2.0% in the first quarter. North American Management Corp now owns 6,654 shares of the utilities provider’s stock valued at $331,000 after buying an additional 129 shares in the last quarter. Institutional investors and hedge funds own 52.83% of the company’s stock.

Shares of Southern Company (NYSE SO) traded up 0.23% during mid-day trading on Monday, hitting $48.53. 1,634,123 shares of the stock were exchanged. The company has a market cap of $48.50 billion, a P/E ratio of 79.82 and a beta of 0.12. Southern Company has a 52-week low of $46.20 and a 52-week high of $53.73. The stock’s 50-day moving average price is $48.08 and its 200-day moving average price is $49.46.

Southern Company (The) (NYSE:SO) last announced its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.73 EPS for the quarter, beating the consensus estimate of $0.71 by $0.02. Southern Company (The) had a net margin of 2.93% and a return on equity of 11.30%. The business had revenue of $5.43 billion during the quarter, compared to analysts’ expectations of $5.23 billion. During the same period in the previous year, the business posted $0.74 EPS. The business’s quarterly revenue was up 21.7% compared to the same quarter last year. Equities research analysts anticipate that Southern Company will post $2.95 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 6th. Shareholders of record on Monday, August 21st will be paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 4.79%. The ex-dividend date is Thursday, August 17th. Southern Company (The)’s payout ratio is 346.27%.

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Several research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Southern Company (The) from a “hold” rating to a “sell” rating in a research note on Tuesday, April 25th. Barclays PLC reiterated a “buy” rating and issued a $55.00 target price on shares of Southern Company (The) in a research note on Monday, May 15th. Credit Suisse Group upgraded shares of Southern Company (The) from an “underperform” rating to a “neutral” rating in a research report on Thursday, August 3rd. BidaskClub downgraded shares of Southern Company (The) from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, Morgan Stanley increased their price objective on shares of Southern Company (The) from $50.00 to $51.00 and gave the company an “underweight” rating in a research report on Monday, May 8th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. Southern Company (The) has an average rating of “Hold” and an average price target of $48.79.

In related news, EVP Christopher C. Womack sold 75,144 shares of the business’s stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 85,298 shares in the company, valued at approximately $4,204,338.42. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Ann P. Daiss sold 5,000 shares of the business’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $51.28, for a total transaction of $256,400.00. Following the completion of the transaction, the insider now owns 7,394 shares of the company’s stock, valued at $379,164.32. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 152,084 shares of company stock valued at $7,665,158. Company insiders own 0.74% of the company’s stock.

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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