Mercer Capital Advisers Inc. held its position in Southern Company (The) (NYSE:SO) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,001 shares of the utilities provider’s stock at the end of the second quarter. Mercer Capital Advisers Inc.’s holdings in Southern Company (The) were worth $192,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Southern Company (The) by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 68,758,138 shares of the utilities provider’s stock worth $3,422,780,000 after acquiring an additional 2,688,854 shares in the last quarter. BlackRock Inc. raised its position in shares of Southern Company (The) by 2,961.9% in the 1st quarter. BlackRock Inc. now owns 62,067,822 shares of the utilities provider’s stock worth $3,089,736,000 after acquiring an additional 60,040,696 shares in the last quarter. State Street Corp raised its position in shares of Southern Company (The) by 1.1% in the 1st quarter. State Street Corp now owns 48,900,251 shares of the utilities provider’s stock worth $2,434,244,000 after acquiring an additional 515,397 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Southern Company (The) by 0.5% in the 1st quarter. Bank of New York Mellon Corp now owns 11,463,868 shares of the utilities provider’s stock worth $570,670,000 after acquiring an additional 62,620 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Southern Company (The) by 8.2% in the 1st quarter. Geode Capital Management LLC now owns 9,573,271 shares of the utilities provider’s stock worth $475,877,000 after acquiring an additional 724,650 shares in the last quarter. 53.28% of the stock is owned by hedge funds and other institutional investors.

Shares of Southern Company (SO) opened at 48.82 on Friday. Southern Company has a 52 week low of $46.20 and a 52 week high of $53.73. The stock has a market capitalization of $48.79 billion, a P/E ratio of 80.30 and a beta of 0.13. The firm’s 50-day moving average price is $48.99 and its 200 day moving average price is $49.45.

Southern Company (The) (NYSE:SO) last issued its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.02. The business had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $5.23 billion. Southern Company (The) had a return on equity of 11.30% and a net margin of 2.93%. The business’s quarterly revenue was up 21.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.74 earnings per share. Analysts expect that Southern Company will post $2.94 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 6th. Stockholders of record on Monday, August 21st were given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 4.75%. The ex-dividend date was Thursday, August 17th. Southern Company (The)’s payout ratio is presently 346.27%.

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In other news, EVP Christopher C. Womack sold 75,144 shares of the company’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $49.29, for a total transaction of $3,703,847.76. Following the transaction, the executive vice president now directly owns 85,298 shares of the company’s stock, valued at $4,204,338.42. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.00% of the company’s stock.

SO has been the subject of several research reports. Zacks Investment Research lowered Southern Company (The) from a “hold” rating to a “sell” rating in a research report on Friday, June 16th. Morgan Stanley decreased their target price on Southern Company (The) from $53.00 to $51.00 and set an “underweight” rating for the company in a research report on Friday, June 23rd. BidaskClub lowered Southern Company (The) from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 24th. Royal Bank Of Canada reduced their price objective on Southern Company (The) from $54.00 to $53.00 and set a “sector perform” rating for the company in a research report on Wednesday, June 28th. Finally, Macquarie raised Southern Company (The) from a “neutral” rating to an “outperform” rating and set a $52.00 price objective for the company in a research report on Monday, July 10th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $49.63.

Southern Company (The) 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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