Financial Management Professionals Inc. held its stake in Southern Company (The) (NYSE:SO) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,000 shares of the utilities provider’s stock at the end of the second quarter. Financial Management Professionals Inc.’s holdings in Southern Company (The) were worth $191,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. Symmetry Partners LLC bought a new stake in shares of Southern Company (The) during the first quarter valued at approximately $103,000. Stuart Chaussee & Associates Inc. raised its holdings in shares of Southern Company (The) by 358.8% during 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 holdings in shares of Southern Company (The) by 15.3% during 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. AlphaMark Advisors LLC raised its holdings in shares of Southern Company (The) by 115.7% during 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. Finally, Ruggie Capital Group raised its holdings in shares of Southern Company (The) by 228.0% during the first quarter. Ruggie Capital Group now owns 2,578 shares of the utilities provider’s stock valued at $128,000 after buying an additional 1,792 shares during the last quarter. 53.28% of the stock is currently owned by hedge funds and other institutional investors.

Southern Company (SO) opened at 49.27 on Friday. The company’s 50 day moving average is $48.99 and its 200-day moving average is $49.45. The firm has a market cap of $49.24 billion, a price-to-earnings ratio of 81.04 and a beta of 0.13. Southern Company has a 1-year low of $46.20 and a 1-year high of $53.73.

Southern Company (The) (NYSE:SO) last announced its earnings results on Wednesday, August 2nd. The utilities provider reported $0.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.02. Southern Company (The) had a net margin of 2.93% and a return on equity of 11.30%. The company had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.23 billion. During the same period in the prior year, the business earned $0.74 earnings per share. Southern Company (The)’s quarterly revenue was up 21.7% on a year-over-year basis. On average, analysts predict that Southern Company will post $2.94 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 6th. Stockholders of record on Monday, August 21st were given a dividend of $0.58 per share. The ex-dividend date of this dividend was Thursday, August 17th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 4.69%. Southern Company (The)’s payout ratio is 346.27%.

SO has been the topic of a number of recent analyst reports. Zacks Investment Research cut Southern Company (The) from a “hold” rating to a “sell” rating in a report on Friday, June 16th. BidaskClub cut Southern Company (The) from a “sell” rating to a “strong sell” rating in a report on Saturday, June 24th. Macquarie raised Southern Company (The) from a “neutral” rating to an “outperform” rating and set a $52.00 price target on the stock in a report on Monday, July 10th. Morgan Stanley cut their price target on Southern Company (The) from $53.00 to $51.00 and set an “underweight” rating on the stock in a report on Friday, June 23rd. Finally, KeyCorp reaffirmed a “hold” rating on shares of Southern Company (The) in a report on Friday, September 1st. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. Southern Company (The) presently has an average rating of “Hold” and a consensus price target of $49.63.

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In other news, EVP Christopher C. Womack sold 75,144 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $49.29, for a total transaction of $3,703,847.76. Following the transaction, the executive vice president now directly owns 85,298 shares in the company, valued at $4,204,338.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is currently owned by corporate insiders.

Southern Company (The) 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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