Carmichael Hill & Associates Inc. purchased a new stake in shares of Southern Co (NYSE:SO) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 9,438 shares of the utilities provider’s stock, valued at approximately $454,000.

Several other institutional investors and hedge funds have also modified their holdings of SO. Farmers & Merchants Trust Co of Chambersburg PA purchased a new stake in shares of Southern during the third quarter valued at approximately $105,000. Monroe Bank & Trust MI increased its position in shares of Southern by 17.9% during 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 increased its position in shares of Southern by 0.6% during the second quarter. AlphaMark Advisors LLC now owns 2,363 shares of the utilities provider’s stock valued at $113,000 after acquiring an additional 14 shares during the last quarter. Fieldpoint Private Securities LLC purchased a new stake in shares of Southern during the third quarter valued at approximately $118,000. Finally, Thompson Davis & CO. Inc. increased its position in shares of Southern by 152.6% during the second quarter. Thompson Davis & CO. Inc. now owns 2,791 shares of the utilities provider’s stock valued at $134,000 after acquiring an additional 1,686 shares during the last quarter. 53.64% of the stock is owned by institutional investors.

Southern Co (SO) opened at $43.40 on Friday. Southern Co has a twelve month low of $42.63 and a twelve month high of $53.51. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.73 and a quick ratio of 0.57. The company has a market capitalization of $43,560.00, a price-to-earnings ratio of 77.50, a PEG ratio of 3.23 and a beta of 0.03.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 6th. Stockholders of record on Tuesday, February 20th will be issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 5.35%. The ex-dividend date is Friday, February 16th. Southern’s payout ratio is currently 414.29%.

A number of analysts recently commented on the company. Royal Bank of Canada reaffirmed a “buy” rating on shares of Southern in a research report on Friday, December 22nd. SunTrust Banks set a $47.00 target price on Southern and gave the stock a “hold” rating in a research report on Monday. ValuEngine downgraded Southern from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. UBS Group began coverage on Southern in a research report on Friday, February 2nd. They issued a “neutral” rating and a $46.00 target price for the company. Finally, Mizuho reissued a “buy” rating and issued a $55.00 target price on shares of Southern in a research report on Friday, December 8th. Six equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $50.50.

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Southern 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 (NYSE:SO)

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