Nordea Investment Management AB increased its position in Southern Company (The) (NYSE:SO) by 1.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,426,112 shares of the utilities provider’s stock after acquiring an additional 56,488 shares during the period. Nordea Investment Management AB owned about 0.34% of Southern Company (The) worth $164,042,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SO. BlackRock Inc. raised its holdings in Southern Company (The) by 2,961.9% in the 1st quarter. BlackRock Inc. now owns 62,067,822 shares of the utilities provider’s stock worth $3,089,736,000 after acquiring an additional 60,040,696 shares during the last quarter. Vanguard Group Inc. raised its holdings in Southern Company (The) by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 68,758,138 shares of the utilities provider’s stock worth $3,422,780,000 after acquiring an additional 2,688,854 shares during the last quarter. Franklin Resources Inc. raised its holdings in Southern Company (The) by 3.6% in the 2nd quarter. Franklin Resources Inc. now owns 22,379,839 shares of the utilities provider’s stock worth $1,071,547,000 after acquiring an additional 770,413 shares during the last quarter. Marshall Wace North America L.P. purchased a new position in Southern Company (The) in the 2nd quarter worth approximately $35,701,000. Finally, Geode Capital Management LLC raised its holdings in Southern Company (The) by 8.2% in the 1st quarter. Geode Capital Management LLC now owns 9,573,271 shares of the utilities provider’s stock worth $475,877,000 after acquiring an additional 724,650 shares during the last quarter. Institutional investors own 53.14% of the company’s stock.

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In other news, CEO William P. Bowers sold 85,151 shares of the company’s stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $50.00, for a total value of $4,257,550.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ann P. Daiss sold 5,000 shares of the company’s stock in a transaction on Friday, October 20th. The stock was sold at an average price of $52.28, for a total value of $261,400.00. Following the completion of the sale, the insider now owns 7,394 shares of the company’s stock, valued at $386,558.32. The disclosure for this sale can be found here. Insiders sold a total of 162,092 shares of company stock valued at $8,287,353 over the last 90 days. 1.00% of the stock is currently owned by company insiders.

Shares of Southern Company (NYSE SO) opened at $52.44 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 1.73. The company has a market capitalization of $52,630.25, a price-to-earnings ratio of 19.07, a PEG ratio of 4.74 and a beta of 0.15. Southern Company has a 12 month low of $46.20 and a 12 month high of $53.51.

Southern Company (The) (NYSE:SO) last posted its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $1.12 EPS for the quarter, topping the consensus estimate of $1.08 by $0.04. The firm had revenue of $6.20 billion during the quarter, compared to analyst estimates of $6.16 billion. Southern Company (The) had a return on equity of 10.81% and a net margin of 2.59%. Southern Company (The)’s revenue was down 1.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.27 EPS. research analysts anticipate that Southern Company will post 2.95 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Monday, November 20th will be paid a $0.58 dividend. The ex-dividend date is Friday, November 17th. This represents a $2.32 annualized dividend and a dividend yield of 4.42%. Southern Company (The)’s dividend payout ratio (DPR) is 414.29%.

SO has been the subject of a number of recent analyst reports. Guggenheim upgraded shares of Southern Company (The) from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $49.00 to $56.00 in a report on Thursday, September 14th. Citigroup Inc. restated a “sell” rating and issued a $44.00 price objective (up from $43.00) on shares of Southern Company (The) in a report on Tuesday, October 3rd. Zacks Investment Research lowered shares of Southern Company (The) from a “buy” rating to a “hold” rating in a report on Friday, October 13th. BidaskClub upgraded shares of Southern Company (The) from a “strong sell” rating to a “sell” rating in a report on Monday, July 24th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $55.00 price objective on shares of Southern Company (The) in a report on Wednesday, July 19th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the stock. Southern Company (The) currently has an average rating of “Hold” and a consensus target price of $49.72.

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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