Monetary Management Group Inc. maintained its position in Southern Company (The) (NYSE:SO) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,776 shares of the utilities provider’s stock at the close of the second quarter. Monetary Management Group Inc.’s holdings in Southern Company (The) were worth $420,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Southern Company (The) by 3.3% in the second quarter. Vanguard Group Inc. now owns 71,053,604 shares of the utilities provider’s stock valued at $3,402,047,000 after purchasing an additional 2,295,466 shares during the period. BlackRock Inc. boosted its holdings in Southern Company (The) by 2,961.9% in the first quarter. BlackRock Inc. now owns 62,067,822 shares of the utilities provider’s stock valued at $3,089,736,000 after purchasing an additional 60,040,696 shares during the period. State Street Corp boosted its holdings in Southern Company (The) by 1.1% in the first quarter. State Street Corp now owns 48,900,251 shares of the utilities provider’s stock valued at $2,434,244,000 after purchasing an additional 515,397 shares during the period. Franklin Resources Inc. boosted its holdings in Southern Company (The) by 3.6% in the second quarter. Franklin Resources Inc. now owns 22,379,839 shares of the utilities provider’s stock valued at $1,071,547,000 after purchasing an additional 770,413 shares during the period. Finally, Capital Research Global Investors boosted its holdings in Southern Company (The) by 25.3% in the second quarter. Capital Research Global Investors now owns 14,940,226 shares of the utilities provider’s stock valued at $715,338,000 after purchasing an additional 3,015,226 shares during the period. Hedge funds and other institutional investors own 52.88% of the company’s stock.

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A number of research analysts recently issued reports on SO shares. Guggenheim upgraded Southern Company (The) from a “neutral” rating to a “buy” rating and lifted their target price for the company from $49.00 to $56.00 in a report on Thursday, September 14th. Citigroup Inc. reiterated a “sell” rating and issued a $44.00 target price (up from $43.00) on shares of Southern Company (The) in a report on Tuesday, October 3rd. Zacks Investment Research lowered Southern Company (The) from a “buy” rating to a “hold” rating in a report on Friday, October 13th. BidaskClub raised Southern Company (The) from a “strong sell” rating to a “sell” rating in a report on Monday, July 24th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $55.00 price target on shares of Southern Company (The) in a report on Wednesday, July 19th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company’s stock. Southern Company (The) has a consensus rating of “Hold” and a consensus price target of $49.72.

Shares of Southern Company (NYSE SO) opened at $51.36 on Monday. Southern Company has a fifty-two week low of $46.20 and a fifty-two week high of $53.51. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.73 and a quick ratio of 0.57. The firm has a market capitalization of $51,550.00, a PE ratio of 18.68, a PEG ratio of 4.64 and a beta of 0.15.

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

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Monday, November 20th will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 4.52%. The ex-dividend date is Friday, November 17th. Southern Company (The)’s payout ratio is currently 414.29%.

In related news, EVP Christopher C. Womack sold 46,641 shares of the business’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $53.00, for a total value of $2,471,973.00. Following the transaction, the executive vice president now owns 56,799 shares in the company, valued at approximately $3,010,347. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ann P. Daiss sold 5,000 shares of the business’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $52.28, for a total value of $261,400.00. Following the completion of the transaction, the insider now owns 7,394 shares in the company, valued at approximately $386,558.32. The disclosure for this sale can be found here. Insiders sold a total of 213,813 shares of company stock valued at $11,029,988 over the last three months. Company insiders own 0.74% of the company’s stock.

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.

Institutional Ownership by Quarter for Southern Company (The) (NYSE:SO)

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