Barings LLC held its stake in Southern Company (The) (NYSE:SO) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 26,006 shares of the utilities provider’s stock at the close of the 2nd quarter. Barings LLC’s holdings in Southern Company (The) were worth $1,295,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in SO. Chicago Partners Investment Group LLC bought a new position in shares of Southern Company (The) in the second quarter worth approximately $100,000. IHT Wealth Management LLC lifted its stake 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 worth $115,000 after buying an additional 302 shares in the last quarter. Monroe Bank & Trust MI lifted its stake 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 worth $110,000 after buying an additional 350 shares in the last quarter. AlphaMark Advisors LLC lifted its stake 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 worth $117,000 after buying an additional 1,260 shares in the last quarter. Finally, Ruggie Capital Group lifted its stake 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 worth $128,000 after buying an additional 1,792 shares in the last quarter. Institutional investors and hedge funds own 53.08% of the company’s stock.

Southern Company (NYSE SO) opened at $51.36 on Friday. 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 52-week low of $46.20 and a 52-week high of $53.51. The firm has a market cap 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 released its quarterly earnings results 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 net margin of 2.59% and a return on equity of 10.81%. The business had revenue of $6.20 billion for the quarter, compared to the consensus estimate of $6.16 billion. During the same period last year, the firm earned $1.27 earnings per share. The company’s quarterly revenue was down 1.0% on a year-over-year basis. sell-side analysts predict that Southern Company will post 2.95 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 6th. Shareholders of record on Monday, November 20th will be given a $0.58 dividend. The ex-dividend date is Friday, November 17th. This represents a $2.32 annualized dividend and a yield of 4.52%. Southern Company (The)’s payout ratio is presently 414.29%.

In other Southern Company (The) news, insider Ann P. Daiss sold 5,080 shares of the stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $53.28, for a total value of $270,662.40. Following the transaction, the insider now directly owns 7,474 shares in the company, valued at $398,214.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO William P. Bowers sold 85,151 shares of the stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $50.00, for a total transaction of $4,257,550.00. The disclosure for this sale can be found here. Insiders sold 213,813 shares of company stock worth $11,029,988 over the last quarter. Insiders own 1.00% of the company’s stock.

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Several research analysts have recently issued reports on SO shares. Zacks Investment Research downgraded shares of Southern Company (The) from a “hold” rating to a “sell” rating in a research note on Monday, September 11th. Deutsche Bank AG upgraded shares of Southern Company (The) from a “hold” rating to a “buy” rating and upped their target price for the stock from $50.00 to $52.00 in a research note on Tuesday, August 1st. Guggenheim upgraded shares of Southern Company (The) from a “neutral” rating to a “buy” rating and upped their target price for the stock from $49.00 to $56.00 in a research note on Thursday, September 14th. Mizuho upgraded shares of Southern Company (The) from a “neutral” rating to a “buy” rating and set a $53.00 price objective on the stock in a research report on Tuesday, September 5th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $53.00 price objective on shares of Southern Company (The) in a research report on Monday, July 31st. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $49.72.

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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