Beese Fulmer Investment Management Inc. acquired a new stake in shares of Southern Co (NYSE:SO) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 6,210 shares of the utilities provider’s stock, valued at approximately $384,000.

A number of other large investors also recently added to or reduced their stakes in SO. Bath Savings Trust Co raised its stake in Southern by 34.1% during the 2nd quarter. Bath Savings Trust Co now owns 7,870 shares of the utilities provider’s stock valued at $435,000 after acquiring an additional 2,000 shares in the last quarter. Thomasville National Bank raised its stake in shares of Southern by 1.1% in the 2nd quarter. Thomasville National Bank now owns 268,864 shares of the utilities provider’s stock worth $14,863,000 after buying an additional 2,860 shares in the last quarter. Private Trust Co. NA raised its stake in shares of Southern by 11.1% in the 2nd quarter. Private Trust Co. NA now owns 15,938 shares of the utilities provider’s stock worth $881,000 after buying an additional 1,586 shares in the last quarter. Deane Retirement Strategies Inc. raised its stake in shares of Southern by 1.5% in the 2nd quarter. Deane Retirement Strategies Inc. now owns 71,731 shares of the utilities provider’s stock worth $3,965,000 after buying an additional 1,035 shares in the last quarter. Finally, OLD Point Trust & Financial Services N A raised its stake in shares of Southern by 0.6% in the 2nd quarter. OLD Point Trust & Financial Services N A now owns 79,508 shares of the utilities provider’s stock worth $4,395,000 after buying an additional 500 shares in the last quarter. Institutional investors and hedge funds own 58.51% of the company’s stock.

In other news, CEO Stephen E. Kuczynski sold 2,000 shares of Southern stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $58.28, for a total transaction of $116,560.00. Following the transaction, the chief executive officer now owns 69,772 shares in the company, valued at $4,066,312.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Stephen E. Kuczynski sold 123,533 shares of Southern stock in a transaction on Monday, October 7th. The shares were sold at an average price of $61.87, for a total value of $7,642,986.71. Following the transaction, the chief executive officer now owns 191,305 shares in the company, valued at approximately $11,836,040.35. The disclosure for this sale can be found here. Insiders sold a total of 177,533 shares of company stock worth $10,941,987 over the last 90 days. Insiders own 0.88% of the company’s stock.

Shares of NYSE SO opened at $61.85 on Thursday. The company has a quick ratio of 0.77, a current ratio of 0.94 and a debt-to-equity ratio of 1.37. The stock has a market capitalization of $65.29 billion, a price-to-earnings ratio of 20.15, a PEG ratio of 4.48 and a beta of 0.15. The stock’s fifty day simple moving average is $61.55 and its 200 day simple moving average is $57.19. Southern Co has a 52-week low of $42.50 and a 52-week high of $63.09.

Southern (NYSE:SO) last issued its earnings results on Wednesday, October 30th. The utilities provider reported $1.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.14 by $0.20. The business had revenue of $6 billion for the quarter, compared to analysts’ expectations of $6.01 billion. Southern had a return on equity of 10.52% and a net margin of 21.02%. The company’s quarterly revenue was down 2.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.14 EPS. As a group, analysts anticipate that Southern Co will post 3.09 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Monday, November 18th will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date of this dividend is Friday, November 15th. Southern’s payout ratio is 80.78%.

A number of research firms have recently commented on SO. SunTrust Banks set a $59.00 price objective on Southern and gave the stock a “hold” rating in a research note on Tuesday, September 3rd. UBS Group boosted their price objective on Southern from $58.00 to $62.00 and gave the stock a “neutral” rating in a research note on Friday, September 6th. ValuEngine downgraded Southern from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Citigroup boosted their price objective on Southern from $55.00 to $61.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. Finally, Morgan Stanley dropped their price objective on Southern from $55.00 to $54.00 and set an “underweight” rating on the stock in a research note on Friday, August 16th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $56.80.

Southern Company Profile

The Southern Company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity. It operates in four segments: Gas Distribution Operations, Gas Pipeline Investments, Wholesale Gas Services, and Gas Marketing Services. The company also constructs, acquires, owns, and manages power generation assets, including renewable energy facilities and sells electricity in the wholesale market; and distributes natural gas in Illinois, Georgia, Virginia, and Tennessee, as well as provides gas marketing services, wholesale gas services, and gas pipeline investments operations.

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Institutional Ownership by Quarter for Southern (NYSE:SO)

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