Pettyjohn Wood & White Inc. cut its holdings in shares of Southern Co (NYSE:SO) by 2.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 59,640 shares of the utilities provider’s stock after selling 1,250 shares during the period. Pettyjohn Wood & White Inc.’s holdings in Southern were worth $3,684,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Altfest L J & Co. Inc. raised its position in shares of Southern by 3.8% in the second quarter. Altfest L J & Co. Inc. now owns 6,574 shares of the utilities provider’s stock worth $363,000 after acquiring an additional 240 shares during the period. AE Wealth Management LLC grew its stake in Southern by 14.5% during the 2nd quarter. AE Wealth Management LLC now owns 125,153 shares of the utilities provider’s stock valued at $6,918,000 after acquiring an additional 15,834 shares in the last quarter. CENTRAL TRUST Co grew its stake in Southern by 4.0% during the 2nd quarter. CENTRAL TRUST Co now owns 71,185 shares of the utilities provider’s stock valued at $4,021,000 after acquiring an additional 2,752 shares in the last quarter. CWM LLC grew its stake in Southern by 31.4% during the 3rd quarter. CWM LLC now owns 402,808 shares of the utilities provider’s stock valued at $24,881,000 after acquiring an additional 96,358 shares in the last quarter. Finally, Invesco Ltd. grew its stake in Southern by 22.4% during the 2nd quarter. Invesco Ltd. now owns 7,200,728 shares of the utilities provider’s stock valued at $398,057,000 after acquiring an additional 1,319,096 shares in the last quarter. Institutional investors own 58.51% of the company’s stock.

Shares of NYSE:SO traded up $0.55 during trading hours on Friday, reaching $61.26. The stock had a trading volume of 3,899,282 shares, compared to its average volume of 3,796,997. Southern Co has a 1 year low of $42.50 and a 1 year high of $63.09. The firm’s 50 day moving average is $61.54 and its 200-day moving average is $57.23. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.77 and a current ratio of 0.94. The stock has a market capitalization of $64.35 billion, a price-to-earnings ratio of 19.95, a P/E/G ratio of 4.42 and a beta of 0.15.

Southern (NYSE:SO) last announced its quarterly earnings data on Wednesday, October 30th. The utilities provider reported $1.34 EPS for the quarter, beating the Zacks’ consensus estimate of $1.14 by $0.20. Southern had a net margin of 21.02% and a return on equity of 10.52%. The company had revenue of $6 billion for the quarter, compared to the consensus estimate of $6.01 billion. During the same period in the prior year, the firm posted $1.14 EPS. The company’s quarterly revenue was down 2.7% compared to the same quarter last year. Analysts forecast that Southern Co will post 3.09 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Monday, November 18th will be given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 4.05%. The ex-dividend date of this dividend is Friday, November 15th. Southern’s dividend payout ratio is presently 80.78%.

Several analysts have recently weighed in on the stock. Bank of America increased their price target on shares of Southern from $60.00 to $64.00 and gave the company a “neutral” rating in a research note on Thursday, September 12th. SunTrust Banks set a $59.00 price objective on shares of Southern and gave the stock a “hold” rating in a report on Tuesday, September 3rd. UBS Group upped their price objective on shares of Southern from $58.00 to $62.00 and gave the stock a “neutral” rating in a report on Friday, September 6th. Citigroup increased their target price on shares of Southern from $55.00 to $61.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Finally, Morgan Stanley reduced their target price on shares of Southern from $55.00 to $54.00 and set an “underweight” rating on the stock in a report on Friday, August 16th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the stock. Southern has an average rating of “Hold” and a consensus target price of $56.80.

In related news, CEO Stephen E. Kuczynski sold 123,533 shares of the stock in a transaction on Monday, October 7th. The shares were sold at an average price of $61.87, for a total value of $7,642,986.71. Following the transaction, the chief executive officer now directly owns 191,305 shares of the company’s stock, valued at approximately $11,836,040.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Stephen E. Kuczynski sold 2,000 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $58.28, for a total transaction of $116,560.00. Following the completion of the transaction, the chief executive officer now directly owns 69,772 shares in the company, valued at $4,066,312.16. The disclosure for this sale can be found here. Over the last three months, insiders sold 177,533 shares of company stock worth $10,941,987. Insiders own 0.88% of the company’s stock.

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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