Skandinaviska Enskilda Banken AB publ increased its stake in shares of Southern Company (The) (NYSE:SO) by 5.7% during the first quarter, Holdings Channel reports. The fund owned 103,958 shares of the utilities provider’s stock after buying an additional 5,600 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Southern Company (The) were worth $5,175,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Symmetry Partners LLC bought a new position in Southern Company (The) during the first quarter valued at $103,000. Feltz Wealth PLAN Inc. bought a new position in Southern Company (The) during the first quarter valued at $108,000. Stuart Chaussee & Associates Inc. raised its position in Southern Company (The) by 358.8% in the first quarter. Stuart Chaussee & Associates Inc. now owns 2,225 shares of the utilities provider’s stock valued at $111,000 after buying an additional 1,740 shares during the last quarter. IHT Wealth Management LLC raised its position in 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 buying an additional 302 shares during the last quarter. Finally, AlphaMark Advisors LLC raised its position in 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 buying an additional 1,260 shares during the last quarter. 52.83% of the stock is currently owned by hedge funds and other institutional investors.

Southern Company (NYSE:SO) traded down 0.0092% during midday trading on Wednesday, hitting $48.9555. The stock had a trading volume of 650,820 shares. Southern Company has a 52 week low of $46.20 and a 52 week high of $53.73. The company’s 50 day moving average price is $48.02 and its 200-day moving average price is $49.48. The stock has a market capitalization of $48.93 billion, a price-to-earnings ratio of 80.5189 and a beta of 0.12.

Southern Company (The) (NYSE:SO) last announced its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.02. The company had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $5.23 billion. Southern Company (The) had a return on equity of 11.30% and a net margin of 2.93%. The firm’s revenue was up 21.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.74 EPS. Equities analysts anticipate that Southern Company will post $2.95 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 6th. Stockholders of record on Monday, August 21st will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 4.74%. The ex-dividend date is Thursday, August 17th. Southern Company (The)’s dividend payout ratio is 346.27%.

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Several equities analysts have weighed in 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 target price on the stock. Credit Suisse Group raised Southern Company (The) from an “underperform” rating to a “neutral” rating in a research note on Thursday, August 3rd. Zacks Investment Research lowered Southern Company (The) from a “hold” rating to a “sell” rating in a research note on Tuesday, April 25th. Morgan Stanley increased their target price on Southern Company (The) from $50.00 to $51.00 and gave the company an “underweight” rating in a research note on Monday, May 8th. Finally, Barclays PLC reissued a “buy” rating and issued a $55.00 target price on shares of Southern Company (The) in a research note on Monday, May 15th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $48.79.

In other news, CEO Mark Lantrip sold 25,000 shares of the business’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $51.50, for a total value of $1,287,500.00. Following the transaction, the chief executive officer now directly owns 31,080 shares of the company’s stock, valued at approximately $1,600,620. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Christopher C. Womack sold 75,144 shares of the business’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $49.29, for a total value of $3,703,847.76. Following the completion of the transaction, the executive vice president now directly owns 85,298 shares in the company, valued at $4,204,338.42. The disclosure for this sale can be found here. Insiders sold a total of 152,084 shares of company stock worth $7,665,158 over the last three months. 0.74% of the stock is owned by company 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.

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

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