HM Payson & Co. decreased its stake in shares of Southern Company (The) (NYSE:SO) by 10.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,817 shares of the utilities provider’s stock after selling 5,531 shares during the period. HM Payson & Co.’s holdings in Southern Company (The) were worth $2,430,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Symmetry Partners LLC purchased a new position in shares of Southern Company (The) during the first quarter valued at about $103,000. Feltz Wealth PLAN Inc. purchased a new position in shares of Southern Company (The) during the first quarter valued at about $108,000. Stuart Chaussee & Associates Inc. raised its position in shares of Southern Company (The) by 358.8% in the first quarter. Stuart Chaussee & Associates Inc. now owns 2,225 shares of the utilities provider’s stock valued at $111,000 after buying an additional 1,740 shares in the last quarter. IHT Wealth Management LLC raised its position in shares of 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 buying an additional 302 shares in the last quarter. Finally, AlphaMark Advisors LLC raised its position in shares of 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 in the last quarter. Hedge funds and other institutional investors own 52.83% of the company’s stock.

Shares of Southern Company (SO) traded down 0.02% on Wednesday, hitting $48.95. The stock had a trading volume of 649,881 shares. Southern Company has a 12-month low of $46.20 and a 12-month high of $53.73. The firm has a market capitalization of $48.92 billion, a P/E ratio of 80.51 and a beta of 0.12. The company has a 50 day moving average of $48.02 and a 200-day moving average of $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 Thomson Reuters’ consensus estimate of $0.71 by $0.02. The business had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.23 billion. Southern Company (The) had a net margin of 2.93% and a return on equity of 11.30%. The firm’s revenue for the quarter was up 21.7% on a year-over-year basis. During the same quarter last year, the business posted $0.74 EPS. Equities analysts predict that Southern Company will post $2.95 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 6th. Investors of record on Monday, August 21st will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Thursday, August 17th. This represents a $2.32 annualized dividend and a dividend yield of 4.74%. Southern Company (The)’s dividend payout ratio is 346.27%.

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Several brokerages recently issued reports on SO. Credit Suisse Group upgraded Southern Company (The) from an “underperform” rating to a “neutral” rating in a research note on Thursday, August 3rd. BidaskClub upgraded Southern Company (The) from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Royal Bank Of Canada restated a “hold” rating and set a $53.00 price target on shares of Southern Company (The) in a research note on Monday, July 31st. J P Morgan Chase & Co initiated coverage on Southern Company (The) in a research note on Tuesday, August 8th. They set an “overweight” rating and a $16.78 price target on the stock. Finally, Mizuho reaffirmed a “neutral” rating and set a $49.50 price objective on shares of Southern Company (The) in a report on Wednesday, April 19th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. Southern Company (The) has a consensus rating of “Hold” and an average target price of $48.79.

In related news, insider Ann P. Daiss sold 5,000 shares of the stock in a transaction that occurred 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 sale, the insider now owns 7,394 shares in the company, valued at approximately $379,164.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mark Lantrip sold 25,000 shares of the stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $51.50, for a total transaction of $1,287,500.00. Following the sale, the chief executive officer now owns 31,080 shares in the company, valued at approximately $1,600,620. The disclosure for this sale can be found here. Insiders have sold a total of 152,084 shares of company stock worth $7,665,158 in the last quarter. 0.74% of the stock is currently owned by company 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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