Argent Capital Management LLC lessened its stake in Southern Company (The) (NYSE:SO) by 18.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 233,033 shares of the utilities provider’s stock after selling 52,912 shares during the quarter. Argent Capital Management LLC’s holdings in Southern Company (The) were worth $11,158,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the stock. Chicago Partners Investment Group LLC bought a new position in Southern Company (The) in the second quarter valued at about $100,000. IHT Wealth Management LLC grew 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 valued at $115,000 after acquiring an additional 302 shares during the last quarter. Monroe Bank & Trust MI grew 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 valued at $110,000 after acquiring an additional 350 shares during the last quarter. AlphaMark Advisors LLC grew its position in Southern Company (The) by 115.7% in the first quarter. AlphaMark Advisors LLC now owns 2,349 shares of the utilities provider’s stock valued at $117,000 after acquiring an additional 1,260 shares during the last quarter. Finally, Ruggie Capital Group grew its position in Southern Company (The) by 228.0% in the first quarter. Ruggie Capital Group now owns 2,578 shares of the utilities provider’s stock valued at $128,000 after acquiring an additional 1,792 shares during the last quarter. 52.88% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have issued reports on SO shares. Jefferies Group LLC reiterated a “buy” rating and issued a $55.00 target price on shares of Southern Company (The) in a research report on Wednesday, July 19th. Barclays PLC reiterated a “buy” rating and issued a $54.00 target price on shares of Southern Company (The) in a research report on Tuesday, July 25th. Deutsche Bank AG upgraded Southern Company (The) from a “hold” rating to a “buy” rating and lifted their target price for the company from $50.00 to $52.00 in a research report on Tuesday, August 1st. Mizuho upgraded Southern Company (The) from a “neutral” rating to a “buy” rating and set a $53.00 price target on the stock in a report on Tuesday, September 5th. Finally, Guggenheim upgraded Southern Company (The) from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $49.00 to $56.00 in a report on Thursday, September 14th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $49.72.

In other Southern Company (The) news, CEO William P. Bowers sold 85,151 shares of the business’s stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $50.00, for a total value of $4,257,550.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP James Y. Kerr II sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $52.16, for a total value of $1,304,000.00. Following the completion of the transaction, 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. Insiders sold 213,813 shares of company stock worth $11,029,988 over the last quarter. 0.74% of the stock is currently owned by company insiders.

Shares of Southern Company (SO) opened at $52.31 on Wednesday. Southern Company has a twelve month low of $46.20 and a twelve month high of $53.51. The company has a market capitalization of $52,008.00, a P/E ratio of 18.84, a P/E/G ratio of 4.68 and a beta of 0.15. The company has a quick ratio of 0.57, a current ratio of 0.73 and a debt-to-equity ratio of 1.73.

Southern Company (The) (NYSE:SO) last announced its earnings results 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. Southern Company (The) had a return on equity of 10.81% and a net margin of 2.59%. The business had revenue of $6.20 billion for the quarter, compared to analysts’ expectations of $6.16 billion. During the same period in the prior year, the business posted $1.27 earnings per share. The firm’s revenue was down 1.0% on a year-over-year basis. equities analysts predict that Southern Company will post 2.95 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 6th. Investors of record on Monday, November 20th will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 4.44%. The ex-dividend date is Friday, November 17th. Southern Company (The)’s payout ratio is presently 414.29%.

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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.

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

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