Eqis Capital Management Inc. grew its holdings in shares of Southern Company (The) (NYSE:SO) by 2.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,266 shares of the utilities provider’s stock after purchasing an additional 367 shares during the period. Eqis Capital Management Inc.’s holdings in Southern Company (The) were worth $875,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Pathstone Family Office LLC acquired a new position in shares of Southern Company (The) during the first quarter valued at $170,000. Epoch Investment Partners Inc. increased its holdings in shares of Southern Company (The) by 5.0% during the first quarter. Epoch Investment Partners Inc. now owns 3,249,597 shares of the utilities provider’s stock valued at $161,765,000 after purchasing an additional 154,093 shares during the period. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Southern Company (The) by 14.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 197,743 shares of the utilities provider’s stock valued at $9,844,000 after purchasing an additional 24,248 shares during the period. AlphaMark Advisors LLC increased 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 purchasing an additional 1,260 shares during the period. Finally, Stifel Financial Corp increased its holdings in shares of Southern Company (The) by 5.2% during the first quarter. Stifel Financial Corp now owns 1,640,131 shares of the utilities provider’s stock valued at $81,543,000 after purchasing an additional 81,148 shares during the period. 53.28% of the stock is currently owned by institutional investors.

A number of research firms recently issued reports on SO. Credit Suisse Group raised Southern Company (The) from an “underperform” rating to a “neutral” rating in a report on Thursday, August 3rd. Jefferies Group LLC reaffirmed a “buy” rating and set a $55.00 target price on shares of Southern Company (The) in a report on Wednesday, July 19th. Citigroup Inc. lifted their target price on Southern Company (The) from $42.00 to $43.00 and gave the stock a “sell” rating in a report on Wednesday, July 26th. BidaskClub lowered Southern Company (The) from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Finally, J P Morgan Chase & Co began coverage on Southern Company (The) in a report on Tuesday, August 8th. They set an “overweight” rating and a $16.78 target price on the stock. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $49.63.

Southern Company (NYSE SO) traded down 0.08% during trading on Thursday, hitting $49.41. The company had a trading volume of 1,013,257 shares. The firm has a 50-day moving average of $48.99 and a 200 day moving average of $49.45. Southern Company has a 12-month low of $46.20 and a 12-month high of $53.73. The company has a market capitalization of $49.38 billion, a price-to-earnings ratio of 81.27 and a beta of 0.13.

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

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

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In related news, EVP Christopher C. Womack sold 75,144 shares of the company’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $49.29, for a total value of $3,703,847.76. Following the completion of the sale, the executive vice president now owns 85,298 shares in the company, valued at $4,204,338.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.00% 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.

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

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