OLD Point Trust & Financial Services N A boosted its stake in shares of Southern Company (The) (NYSE:SO) by 1.9% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 65,706 shares of the utilities provider’s stock after buying an additional 1,210 shares during the period. Southern Company (The) accounts for approximately 1.8% of OLD Point Trust & Financial Services N A’s investment portfolio, making the stock its 21st largest position. OLD Point Trust & Financial Services N A’s holdings in Southern Company (The) were worth $3,146,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Rothschild Investment Corp IL raised its position in Southern Company (The) by 1.8% in the first quarter. Rothschild Investment Corp IL now owns 54,480 shares of the utilities provider’s stock worth $2,712,000 after buying an additional 983 shares during the period. City Holding Co. raised its position in Southern Company (The) by 4.6% in the first quarter. City Holding Co. now owns 43,327 shares of the utilities provider’s stock worth $2,156,000 after buying an additional 1,910 shares during the period. Bright Rock Capital Management LLC raised its position in Southern Company (The) by 6.6% in the first quarter. Bright Rock Capital Management LLC now owns 129,000 shares of the utilities provider’s stock worth $6,422,000 after buying an additional 8,000 shares during the period. Sky Investment Group LLC raised its position in Southern Company (The) by 1.1% in the first quarter. Sky Investment Group LLC now owns 71,236 shares of the utilities provider’s stock worth $3,546,000 after buying an additional 761 shares during the period. Finally, Sanders Morris Harris Inc. bought a new position in Southern Company (The) during the first quarter worth $201,000. 53.26% of the stock is owned by institutional investors and hedge funds.

Shares of Southern Company (SO) opened at 48.35 on Tuesday. The firm has a market cap of $48.32 billion, a price-to-earnings ratio of 79.52 and a beta of 0.12. The firm has a 50-day moving average price of $48.03 and a 200-day moving average price of $49.44. Southern Company has a 12-month low of $46.20 and a 12-month high of $53.73.

Southern Company (The) (NYSE:SO) last posted its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.02. The company had revenue of $5.43 billion for the quarter, compared to analysts’ expectations of $5.23 billion. Southern Company (The) had a net margin of 2.93% and a return on equity of 11.30%. Southern Company (The)’s revenue was up 21.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.74 EPS. Equities research analysts anticipate that Southern Company will post $2.95 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 6th. Investors of record on Monday, August 21st will be issued a $0.58 dividend. The ex-dividend date of this dividend is Thursday, August 17th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 4.80%. Southern Company (The)’s dividend payout ratio (DPR) is presently 346.27%.

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Several equities research analysts recently issued reports on the company. J P Morgan Chase & Co assumed coverage on Southern Company (The) in a research note on Tuesday, August 8th. They issued an “overweight” rating and a $16.78 price objective for the company. Credit Suisse Group raised Southern Company (The) from an “underperform” rating to a “neutral” rating in a research note on Thursday, August 3rd. Morgan Stanley increased their price objective on Southern Company (The) from $50.00 to $51.00 and gave the stock an “underweight” rating in a research note on Monday, May 8th. Barclays PLC reissued a “buy” rating and issued a $55.00 price objective on shares of Southern Company (The) in a research note on Monday, May 15th. Finally, Citigroup Inc. increased their price objective on Southern Company (The) from $42.00 to $43.00 and gave the stock a “sell” rating in a research note on Wednesday, July 26th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. Southern Company (The) currently has an average rating of “Hold” and an average price target of $48.79.

In other Southern Company (The) news, EVP Christopher C. Womack sold 75,144 shares of the business’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $49.29, for a total transaction of $3,703,847.76. Following the sale, the executive vice president now owns 85,298 shares of the company’s stock, valued at approximately $4,204,338.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mark Lantrip sold 25,000 shares of the business’s stock in a transaction on Wednesday, June 14th. The shares were 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 directly owns 31,080 shares in the company, valued at approximately $1,600,620. The disclosure for this sale can be found here. Insiders sold a total of 152,084 shares of company stock worth $7,665,158 in the last ninety days. 0.74% of the stock is currently owned by 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.

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

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