Rockefeller Capital Management L.P. acquired a new position in Southern Co (NYSE:SO) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,526 shares of the utilities provider’s stock, valued at approximately $182,000.

A number of other institutional investors have also bought and sold shares of SO. Sontag Advisory LLC purchased a new stake in shares of Southern in the 4th quarter worth approximately $25,000. Tompkins Financial Corp acquired a new position in Southern during the 1st quarter valued at approximately $28,000. Lee Financial Co increased its stake in Southern by 144.4% during the 1st quarter. Lee Financial Co now owns 550 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 325 shares in the last quarter. Ellis Investment Partners LLC acquired a new position in Southern during the 1st quarter valued at approximately $29,000. Finally, Liberty Wealth Management LLC acquired a new position in Southern during the 4th quarter valued at approximately $35,000. 56.67% of the stock is currently owned by institutional investors.

Shares of NYSE SO opened at $55.15 on Friday. Southern Co has a 1 year low of $42.50 and a 1 year high of $55.95. The firm has a market cap of $57.37 billion, a P/E ratio of 17.96, a PEG ratio of 4.04 and a beta of 0.19. The company has a current ratio of 0.88, a quick ratio of 0.69 and a debt-to-equity ratio of 1.37.

Southern (NYSE:SO) last announced its quarterly earnings results on Wednesday, May 1st. The utilities provider reported $0.70 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.70. Southern had a net margin of 15.03% and a return on equity of 10.37%. The firm had revenue of $5.41 billion for the quarter, compared to the consensus estimate of $5.66 billion. During the same period in the prior year, the firm posted $0.88 earnings per share. The firm’s quarterly revenue was down 15.1% compared to the same quarter last year. On average, research analysts anticipate that Southern Co will post 3.03 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, June 6th. Investors of record on Monday, May 20th were issued a dividend of $0.62 per share. The ex-dividend date of this dividend was Friday, May 17th. This is an increase from Southern’s previous quarterly dividend of $0.60. This represents a $2.48 dividend on an annualized basis and a yield of 4.50%. Southern’s dividend payout ratio is 80.78%.

SO has been the topic of a number of recent analyst reports. SunTrust Banks restated a “hold” rating and set a $52.00 price target on shares of Southern in a research note on Monday, February 25th. ValuEngine upgraded shares of Southern from a “hold” rating to a “buy” rating in a research note on Saturday, March 9th. Credit Suisse Group set a $51.00 price target on shares of Southern and gave the company a “sell” rating in a research note on Monday, April 22nd. Evercore ISI upgraded shares of Southern from an “in-line” rating to an “outperform” rating in a research note on Friday, May 3rd. Finally, Zacks Investment Research lowered shares of Southern from a “buy” rating to a “hold” rating in a research note on Tuesday, May 7th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the stock. Southern has an average rating of “Hold” and an average target price of $48.92.

In other news, CEO Mark A. Crosswhite sold 267,442 shares of the firm’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $54.42, for a total value of $14,554,193.64. Following the transaction, the chief executive officer now directly owns 125,727 shares of the company’s stock, valued at $6,842,063.34. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Ann P. Daiss sold 7,850 shares of the firm’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $54.06, for a total transaction of $424,371.00. Following the completion of the transaction, the insider now directly owns 17,862 shares in the company, valued at $965,619.72. The disclosure for this sale can be found here. Insiders have sold 708,324 shares of company stock worth $37,841,279 over the last three months. 0.88% of the stock is currently owned by insiders.

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Southern Company Profile

The Southern Company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity. It operates in four segments: Gas Distribution Operations, Gas Pipeline Investments, Wholesale Gas Services, and Gas Marketing Services. The company also constructs, acquires, owns, and manages power generation assets, including renewable energy facilities and sells electricity in the wholesale market; and distributes natural gas in Illinois, Georgia, Virginia, and Tennessee, as well as provides gas marketing services, wholesale gas services, and gas pipeline investments operations.

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Institutional Ownership by Quarter for Southern (NYSE:SO)

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