Crossvault Capital Management LLC maintained its stake in Southern Company (The) (NYSE:SO) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,375 shares of the utilities provider’s stock at the end of the second quarter. Crossvault Capital Management LLC’s holdings in Southern Company (The) were worth $257,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Gierl Augustine Investment Management Inc increased its stake in Southern Company (The) by 8.8% in the first quarter. Gierl Augustine Investment Management Inc now owns 72,041 shares of the utilities provider’s stock worth $3,586,000 after buying an additional 5,844 shares in the last quarter. AlphaMark Advisors LLC increased its stake in 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. Vicus Capital increased its stake in Southern Company (The) by 11.9% in the first quarter. Vicus Capital now owns 16,423 shares of the utilities provider’s stock worth $818,000 after buying an additional 1,745 shares in the last quarter. Elkfork Partners LLC increased its stake in Southern Company (The) by 23.9% in the first quarter. Elkfork Partners LLC now owns 695,470 shares of the utilities provider’s stock worth $34,620,000 after buying an additional 134,062 shares in the last quarter. Finally, First National Bank of Omaha increased its stake in Southern Company (The) by 0.5% in the second quarter. First National Bank of Omaha now owns 15,070 shares of the utilities provider’s stock worth $721,000 after buying an additional 70 shares in the last quarter. Institutional investors own 53.57% of the company’s stock.

Southern Company (NYSE SO) traded up 0.0297% on Thursday, hitting $48.8645. The stock had a trading volume of 1,371,915 shares. The firm’s 50 day moving average price is $48.21 and its 200-day moving average price is $49.47. The stock has a market cap of $48.84 billion, a PE ratio of 80.3692 and a beta of 0.12. Southern Company has a 12 month low of $46.20 and a 12 month high of $53.73.

Southern Company (The) (NYSE:SO) last released its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.73 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.02. The firm had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.23 billion. Southern Company (The) had a net margin of 2.93% and a return on equity of 11.30%. The business’s revenue for the quarter was up 21.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.74 EPS. On average, 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, September 6th. Stockholders of record on Monday, August 21st will be given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 4.75%. The ex-dividend date of this dividend is Thursday, August 17th. Southern Company (The)’s payout ratio is presently 346.27%.

TRADEMARK VIOLATION NOTICE: “Southern Company (The) (SO) Position Maintained by Crossvault Capital Management LLC” was originally posted by Watch List News and is the property of of Watch List News. If you are viewing this article on another site, it was illegally copied and republished in violation of United States & international copyright laws. The correct version of this article can be read at https://www.watchlistnews.com/southern-company-the-so-position-maintained-by-crossvault-capital-management-llc/1469426.html.

A number of equities research analysts have issued reports on SO shares. Deutsche Bank AG upgraded Southern Company (The) from a “hold” rating to a “buy” rating and upped their price objective for the company from $50.00 to $52.00 in a research report on Tuesday, August 1st. Zacks Investment Research downgraded Southern Company (The) from a “hold” rating to a “sell” rating in a research report on Friday, June 16th. 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. Barclays PLC restated a “buy” rating and set a $55.00 price objective on shares of Southern Company (The) in a research report on Friday, May 5th. Finally, BidaskClub downgraded Southern Company (The) from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 24th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. Southern Company (The) currently has a consensus rating of “Hold” and a consensus price target of $48.87.

In other news, insider Ann P. Daiss sold 5,000 shares of Southern Company (The) stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $51.28, for a total transaction of $256,400.00. Following the sale, the insider now owns 7,394 shares of the company’s stock, valued at approximately $379,164.32. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Mark Lantrip sold 25,000 shares of Southern Company (The) stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $51.50, for a total transaction of $1,287,500.00. Following the sale, the chief executive officer now directly owns 31,080 shares in the company, valued at approximately $1,600,620. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 152,084 shares of company stock worth $7,665,158. Corporate insiders own 1.00% of the company’s stock.

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.

Want to see what other hedge funds are holding SO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Southern Company (The) (NYSE:SO).

Institutional Ownership by Quarter for Southern Company (The) (NYSE:SO)

Receive News & Ratings for Southern Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southern Company (The) and related companies with Analyst Ratings Network's FREE daily email newsletter.