Financial Architects Inc decreased its stake in Southern Company (The) (NYSE:SO) by 8.5% during the second quarter, Holdings Channel reports. The fund owned 5,703 shares of the utilities provider’s stock after selling 529 shares during the period. Financial Architects Inc’s holdings in Southern Company (The) were worth $273,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SO. Gierl Augustine Investment Management Inc increased its position in Southern Company (The) by 8.8% in the first quarter. Gierl Augustine Investment Management Inc now owns 72,041 shares of the utilities provider’s stock valued at $3,586,000 after buying an additional 5,844 shares during the last quarter. First National Bank of Omaha increased its position in Southern Company (The) by 0.5% in the second quarter. First National Bank of Omaha now owns 15,070 shares of the utilities provider’s stock valued at $721,000 after buying an additional 70 shares during the last quarter. AlphaMark Advisors LLC increased 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 buying an additional 1,260 shares during the last quarter. Vicus Capital increased its position in Southern Company (The) by 11.9% in the first quarter. Vicus Capital now owns 16,423 shares of the utilities provider’s stock valued at $818,000 after buying an additional 1,745 shares during the last quarter. Finally, Elkfork Partners LLC increased its position in Southern Company (The) by 23.9% in the first quarter. Elkfork Partners LLC now owns 695,470 shares of the utilities provider’s stock valued at $34,620,000 after buying an additional 134,062 shares during the last quarter. Hedge funds and other institutional investors own 52.83% of the company’s stock.

Southern Company (NYSE:SO) traded up 0.41% during mid-day trading on Tuesday, hitting $48.84. 945,211 shares of the stock traded hands. The firm has a market cap of $48.81 billion, a P/E ratio of 80.33 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 firm’s 50-day moving average is $48.05 and its 200 day moving average is $49.48.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 6th. Investors of record on Monday, August 21st will be issued a $0.58 dividend. The ex-dividend date is Thursday, August 17th. This represents a $2.32 annualized dividend and a yield of 4.77%. Southern Company (The)’s payout ratio is 346.27%.

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SO has been the topic of several research reports. Deutsche Bank AG upgraded shares of Southern Company (The) from a “hold” rating to a “buy” rating and upped their price objective for the stock from $50.00 to $52.00 in a report on Tuesday, August 1st. Zacks Investment Research downgraded shares of Southern Company (The) from a “hold” rating to a “sell” rating in a report on Friday, June 16th. Royal Bank Of Canada restated a “hold” rating and set a $53.00 price objective on shares of Southern Company (The) in a report on Monday, July 31st. Barclays PLC restated a “buy” rating and set a $55.00 price objective on shares of Southern Company (The) in a report on Friday, May 5th. Finally, BidaskClub downgraded shares of Southern Company (The) from a “sell” rating to a “strong sell” rating in a report on Saturday, June 24th. Four analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $48.79.

In related news, EVP Christopher C. Womack sold 75,144 shares of Southern Company (The) stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $49.29, for a total value of $3,703,847.76. Following the completion of the sale, 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 filing with the Securities & Exchange Commission, which is available through this link. Also, insider Ann P. Daiss sold 5,000 shares of Southern Company (The) stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $51.28, for a total value of $256,400.00. Following the completion of the sale, 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. Insiders sold a total of 152,084 shares of company stock valued at $7,665,158 over the last quarter. 0.74% of the stock is owned by corporate insiders.

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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