Sciencast Management LP boosted its stake in shares of Southern Company (The) (NYSE:SO) by 99.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 33,926 shares of the utilities provider’s stock after purchasing an additional 16,877 shares during the period. Southern Company (The) comprises about 0.9% of Sciencast Management LP’s investment portfolio, making the stock its 5th biggest position. Sciencast Management LP’s holdings in Southern Company (The) were worth $1,624,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Chicago Partners Investment Group LLC purchased a new position in shares of Southern Company (The) in the second quarter valued at about $100,000. IHT Wealth Management LLC lifted its position in shares of Southern Company (The) by 15.3% in the first quarter. IHT Wealth Management LLC now owns 2,281 shares of the utilities provider’s stock valued at $115,000 after acquiring an additional 302 shares in the last quarter. Monroe Bank & Trust MI lifted its position in shares of Southern Company (The) by 17.9% in the second quarter. Monroe Bank & Trust MI now owns 2,300 shares of the utilities provider’s stock valued at $110,000 after acquiring an additional 350 shares in the last quarter. AlphaMark Advisors LLC lifted its position in shares of Southern Company (The) by 115.7% in the first quarter. AlphaMark Advisors LLC now owns 2,349 shares of the utilities provider’s stock valued at $117,000 after acquiring an additional 1,260 shares in the last quarter. Finally, Ruggie Capital Group lifted its position in shares of Southern Company (The) by 228.0% in the first quarter. Ruggie Capital Group now owns 2,578 shares of the utilities provider’s stock valued at $128,000 after acquiring an additional 1,792 shares in the last quarter. Institutional investors own 52.88% of the company’s stock.

Several brokerages have recently commented on SO. Royal Bank Of Canada restated a “hold” rating and issued a $53.00 price objective on shares of Southern Company (The) in a research report on Monday, July 31st. J P Morgan Chase & Co began coverage on Southern Company (The) in a research report on Tuesday, August 8th. They issued an “overweight” rating and a $16.78 price objective on the stock. BidaskClub upgraded Southern Company (The) from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Credit Suisse Group upgraded Southern Company (The) from an “underperform” rating to a “neutral” rating in a research report on Thursday, August 3rd. Finally, Zacks Investment Research upgraded Southern Company (The) from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $49.72.

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Shares of Southern Company (NYSE:SO) opened at $51.82 on Tuesday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.57 and a current ratio of 0.73. Southern Company has a 52 week low of $46.20 and a 52 week high of $53.51. The firm has a market capitalization of $51,546.34, a P/E ratio of 18.68, a price-to-earnings-growth ratio of 4.64 and a beta of 0.15.

Southern Company (The) (NYSE:SO) last issued its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $1.12 earnings per share for the quarter, topping 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 company had revenue of $6.20 billion for the quarter, compared to analysts’ expectations of $6.16 billion. During the same period in the previous year, the firm posted $1.27 earnings per share. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. equities analysts predict that Southern Company will post 2.95 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 6th. Shareholders of record on Monday, November 20th will be paid a dividend of $0.58 per share. The ex-dividend date is Friday, November 17th. This represents a $2.32 annualized dividend and a yield of 4.48%. Southern Company (The)’s payout ratio is currently 414.29%.

In other news, EVP Christopher C. Womack sold 46,641 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $53.00, for a total transaction of $2,471,973.00. Following the transaction, the executive vice president now owns 56,799 shares of the company’s stock, valued at $3,010,347. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Ann P. Daiss sold 5,080 shares of the stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $53.28, for a total value of $270,662.40. Following the completion of the transaction, the insider now directly owns 7,474 shares in the company, valued at approximately $398,214.72. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 213,813 shares of company stock worth $11,029,988. 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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