ING Groep NV decreased its position in Southern Company (The) (NYSE:SO) by 55.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,182 shares of the utilities provider’s stock after selling 61,630 shares during the quarter. ING Groep NV’s holdings in Southern were worth $2,466,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. D.A. Davidson & CO. boosted its stake in shares of Southern by 9.1% during the 3rd quarter. D.A. Davidson & CO. now owns 59,110 shares of the utilities provider’s stock valued at $2,904,000 after buying an additional 4,927 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Southern by 4.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 221,541 shares of the utilities provider’s stock valued at $10,887,000 after buying an additional 9,500 shares during the last quarter. Assetmark Inc. boosted its stake in shares of Southern by 36.0% during the 3rd quarter. Assetmark Inc. now owns 4,787 shares of the utilities provider’s stock valued at $235,000 after buying an additional 1,266 shares during the last quarter. ProVise Management Group LLC boosted its stake in shares of Southern by 2.2% during the 3rd quarter. ProVise Management Group LLC now owns 56,584 shares of the utilities provider’s stock valued at $2,780,000 after buying an additional 1,228 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its stake in shares of Southern by 13.8% during the 3rd quarter. Pacer Advisors Inc. now owns 25,755 shares of the utilities provider’s stock valued at $1,266,000 after buying an additional 3,129 shares during the last quarter. 53.78% of the stock is owned by institutional investors.

In other Southern news, VP James Y. Kerr II sold 25,000 shares of the stock in a transaction on Friday, October 20th. The stock was sold at an average price of $52.16, for a total value of $1,304,000.00. Following the sale, the vice president now directly owns 26,000 shares of the company’s stock, valued at $1,356,160. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO William P. Bowers sold 85,151 shares of the stock in a transaction 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 disclosure for this sale can be found here. Insiders have sold 213,813 shares of company stock worth $11,029,988 over the last 90 days. 0.74% of the stock is currently owned by company insiders.

Shares of Southern Company (NYSE SO) traded up $0.62 on Tuesday, reaching $51.68. The company had a trading volume of 5,095,300 shares, compared to its average volume of 4,686,728. Southern Company has a 52-week low of $46.71 and a 52-week high of $53.51. The company has a market capitalization of $51,245.25, a PE ratio of 18.57, a PEG ratio of 3.84 and a beta of 0.13. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.73 and a quick ratio of 0.57.

Southern (NYSE:SO) last announced its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $1.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.04. Southern had a return on equity of 10.81% and a net margin of 2.59%. The firm had revenue of $6.20 billion for the quarter, compared to analysts’ expectations of $6.16 billion. During the same period last year, the business posted $1.27 earnings per share. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. sell-side analysts predict that Southern Company will post 2.95 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 6th. Investors of record on Monday, November 20th were paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 4.49%. The ex-dividend date was Friday, November 17th. Southern’s dividend payout ratio (DPR) is presently 414.29%.

Several equities analysts have recently commented on SO shares. Zacks Investment Research cut Southern from a “hold” rating to a “sell” rating in a research note on Monday, September 11th. Guggenheim upgraded Southern from a “neutral” rating to a “buy” rating and increased their target price for the company from $49.00 to $56.00 in a research note on Thursday, September 14th. Mizuho upgraded Southern from a “neutral” rating to a “buy” rating and set a $53.00 target price for the company in a research note on Tuesday, September 5th. SunTrust Banks reiterated a “hold” rating and set a $52.00 target price on shares of Southern in a research note on Friday, October 20th. Finally, KeyCorp reiterated a “hold” rating on shares of Southern in a research note on Friday, September 1st. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $49.92.

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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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