Park National Corp OH lifted its stake in shares of Southern Company (The) (NYSE:SO) by 0.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 119,704 shares of the utilities provider’s stock after buying an additional 1,121 shares during the period. Park National Corp OH’s holdings in Southern Company (The) were worth $5,882,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Captrust Financial Advisors purchased a new position in shares of Southern Company (The) during the second quarter valued at approximately $854,000. Fiera Capital Corp boosted its position in shares of Southern Company (The) by 4.3% during the second quarter. Fiera Capital Corp now owns 34,294 shares of the utilities provider’s stock valued at $1,642,000 after buying an additional 1,399 shares during the last quarter. Jackson Grant Investment Advisers Inc. boosted its position in shares of Southern Company (The) by 1.2% during the second quarter. Jackson Grant Investment Advisers Inc. now owns 3,317 shares of the utilities provider’s stock valued at $159,000 after buying an additional 38 shares during the last quarter. Pathstone Family Office LLC purchased a new position in shares of Southern Company (The) during the first quarter valued at approximately $170,000. Finally, Epoch Investment Partners Inc. boosted its position in shares of Southern Company (The) by 5.0% during the first quarter. Epoch Investment Partners Inc. now owns 3,249,597 shares of the utilities provider’s stock valued at $161,765,000 after buying an additional 154,093 shares during the last quarter. 52.64% of the stock is currently owned by institutional investors.

In other Southern Company (The) news, CEO William P. Bowers sold 85,151 shares of the business’s 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Ann P. Daiss sold 5,000 shares of the business’s stock in a transaction on 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 sale, the insider now owns 7,394 shares in the company, valued at $386,558.32. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 213,813 shares of company stock worth $11,029,988. Corporate insiders own 0.74% of the company’s stock.

SO has been the topic of several analyst reports. BidaskClub raised Southern Company (The) from a “strong sell” rating to a “sell” rating in a research report on Monday, July 24th. Barclays PLC reaffirmed a “buy” rating and set a $54.00 target price on shares of Southern Company (The) in a research report on Tuesday, July 25th. Citigroup Inc. boosted their price objective on Southern Company (The) from $42.00 to $43.00 and gave the stock a “sell” rating in a research report on Wednesday, July 26th. Royal Bank Of Canada reissued a “hold” rating and issued a $53.00 price objective on shares of Southern Company (The) in a research report on Monday, July 31st. Finally, Deutsche Bank AG raised Southern Company (The) from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $50.00 to $52.00 in a research report on Tuesday, August 1st. Three analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued 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.

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Shares of Southern Company (SO) opened at $50.97 on Monday. The stock has a market capitalization of $51,154.92, a price-to-earnings ratio of 18.53, a price-to-earnings-growth ratio of 4.60 and a beta of 0.15. 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 Company has a one year low of $46.20 and a one year high of $53.51.

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

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 6th. Shareholders of record on Monday, November 20th will be paid a $0.58 dividend. The ex-dividend date is Friday, November 17th. This represents a $2.32 annualized dividend and a dividend yield of 4.55%. Southern Company (The)’s payout ratio is presently 414.29%.

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.

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

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