Southern Company (The) (SO) Insider Sells $270,662.40 in Stock
Southern Company (The) (NYSE:SO) insider Ann P. Daiss sold 5,080 shares of the stock in a transaction dated Friday, November 3rd. The stock was 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 approximately $398,214.72. The transaction was disclosed in a filing with the SEC, which is available at this link.
Southern Company (NYSE:SO) traded down $0.79 on Monday, hitting $51.65. The stock had a trading volume of 4,510,049 shares, compared to its average volume of 4,093,416. Southern Company has a fifty-two week low of $46.20 and a fifty-two week high of $53.51. The stock has a market cap of $52,630.25, a P/E ratio of 19.07, a P/E/G ratio of 4.74 and a beta of 0.15. The company has a current ratio of 0.73, a quick ratio of 0.57 and a debt-to-equity ratio of 1.73.
Southern Company (The) (NYSE:SO) last released its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.04. The firm had revenue of $6.20 billion for the quarter, compared to the consensus estimate of $6.16 billion. Southern Company (The) had a return on equity of 10.81% and a net margin of 2.59%. The firm’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.27 EPS. analysts forecast that Southern Company will post 2.95 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 6th. Investors 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 dividend on an annualized basis and a yield of 4.49%. Southern Company (The)’s dividend payout ratio is presently 414.29%.
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A number of equities research analysts have issued reports on SO shares. Zacks Investment Research raised Southern Company (The) from a “sell” rating to a “hold” rating in a research report on Friday. Bank of America Corporation reaffirmed an “underperform” rating and issued a $51.00 price target on shares of Southern Company (The) in a research report on Tuesday, October 24th. SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $52.00 price target on shares of Southern Company (The) in a research report on Friday, October 20th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $56.00 price target (up previously from $55.00) on shares of Southern Company (The) in a research report on Tuesday, September 12th. Finally, Credit Suisse Group raised Southern Company (The) from an “underperform” rating to a “neutral” rating in a research report on Thursday, August 3rd. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $49.72.
Large investors have recently added to or reduced their stakes in the stock. Fiera Capital Corp grew its stake in Southern Company (The) by 4.3% during the 2nd quarter. Fiera Capital Corp now owns 34,294 shares of the utilities provider’s stock worth $1,642,000 after buying an additional 1,399 shares during the last quarter. Jackson Grant Investment Advisers Inc. grew its stake in Southern Company (The) by 1.2% during the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 3,317 shares of the utilities provider’s stock worth $159,000 after buying an additional 38 shares during the last quarter. Captrust Financial Advisors purchased a new position in Southern Company (The) during the 2nd quarter worth approximately $854,000. Pathstone Family Office LLC purchased a new position in Southern Company (The) during the 1st quarter worth approximately $170,000. Finally, Epoch Investment Partners Inc. grew its stake in Southern Company (The) by 5.0% during the 1st quarter. Epoch Investment Partners Inc. now owns 3,249,597 shares of the utilities provider’s stock worth $161,765,000 after buying an additional 154,093 shares during the last quarter. Hedge funds and other institutional investors own 53.08% of the company’s stock.
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.
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