MEMBERS Trust Co acquired a new position in shares of Southern Company (The) (NYSE:SO) during the first quarter, according to its most recent filing with the SEC. The firm acquired 8,788 shares of the utilities provider’s stock, valued at approximately $438,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ipswich Investment Management Co. Inc. boosted its position in shares of Southern Company (The) by 0.5% in the first quarter. Ipswich Investment Management Co. Inc. now owns 20,459 shares of the utilities provider’s stock worth $1,018,000 after buying an additional 100 shares during the period. CrestPoint Capital Management LLC boosted its position in shares of Southern Company (The) by 3.1% in the first quarter. CrestPoint Capital Management LLC now owns 45,900 shares of the utilities provider’s stock worth $2,285,000 after buying an additional 1,400 shares during the period. Orrstown Financial Services Inc. boosted its position in shares of Southern Company (The) by 10.8% in the first quarter. Orrstown Financial Services Inc. now owns 2,050 shares of the utilities provider’s stock worth $102,000 after buying an additional 200 shares during the period. Regentatlantic Capital LLC boosted its position in shares of Southern Company (The) by 1.7% in the first quarter. Regentatlantic Capital LLC now owns 7,063 shares of the utilities provider’s stock worth $352,000 after buying an additional 120 shares during the period. Finally, Gradient Investments LLC boosted its position in shares of Southern Company (The) by 28.0% in the first quarter. Gradient Investments LLC now owns 5,378 shares of the utilities provider’s stock worth $268,000 after buying an additional 1,178 shares during the period. Hedge funds and other institutional investors own 53.57% of the company’s stock.

Shares of Southern Company (SO) traded down 0.37% during mid-day trading on Thursday, hitting $48.67. 710,943 shares of the stock traded hands. Southern Company has a one year low of $46.20 and a one year high of $53.73. The stock has a 50-day moving average of $48.21 and a 200 day moving average of $49.47. The stock has a market cap of $48.64 billion, a PE ratio of 80.05 and a beta of 0.12.

Southern Company (The) (NYSE:SO) last released its earnings results on Wednesday, August 2nd. The utilities provider reported $0.73 EPS for the quarter, beating the Thomson Reuters’ 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 company had revenue of $5.43 billion during the quarter, compared to analysts’ expectations of $5.23 billion. During the same period in the prior year, the business posted $0.74 EPS. The business’s revenue was up 21.7% on a year-over-year basis. Equities analysts predict that Southern Company will post $2.95 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 6th. Investors of record on Monday, August 21st will be paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 4.75%. The ex-dividend date is Thursday, August 17th. Southern Company (The)’s dividend payout ratio (DPR) is presently 346.27%.

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A number of research analysts recently issued reports on SO shares. Zacks Investment Research downgraded shares of Southern Company (The) from a “hold” rating to a “sell” rating in a research note on Friday, June 16th. Morgan Stanley decreased their price target on shares of Southern Company (The) from $53.00 to $51.00 and set an “underweight” rating for the company in a research note on Friday, June 23rd. Barclays PLC reiterated an “overweight” rating and issued a $56.00 price target (up previously from $53.00) on shares of Southern Company (The) in a research note on Sunday, April 23rd. Jefferies Group LLC reiterated a “buy” rating and issued a $55.00 price target on shares of Southern Company (The) in a research note on Monday, May 15th. Finally, BidaskClub downgraded shares of Southern Company (The) from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 24th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. Southern Company (The) has an average rating of “Hold” and an average price target of $48.87.

In related news, CEO Mark Lantrip sold 25,000 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now directly owns 31,080 shares in the company, valued at $1,600,620. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ann P. Daiss sold 5,000 shares of the firm’s stock in a transaction on Monday, June 12th. The stock was sold at an average price of $51.28, for a total value of $256,400.00. Following the transaction, the insider now owns 7,394 shares in the company, valued at $379,164.32. The disclosure for this sale can be found here. Insiders have sold 152,084 shares of company stock worth $7,665,158 over the last 90 days. 1.00% of the stock is currently owned by company insiders.

About Southern Company (The)

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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