Parallel Advisors LLC increased its position in Southern Company (The) (NYSE:SO) by 11.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,112 shares of the utilities provider’s stock after buying an additional 714 shares during the period. Parallel Advisors LLC’s holdings in Southern Company (The) were worth $352,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Symmetry Partners LLC bought a new stake in shares of Southern Company (The) during the first quarter worth approximately $103,000. Feltz Wealth PLAN Inc. bought a new stake in shares of Southern Company (The) during the first quarter worth approximately $108,000. Stuart Chaussee & Associates Inc. raised its stake in shares of Southern Company (The) by 358.8% in the first quarter. Stuart Chaussee & Associates Inc. now owns 2,225 shares of the utilities provider’s stock worth $111,000 after buying an additional 1,740 shares during the last quarter. AlphaMark Advisors LLC raised its stake in shares of 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 during the last quarter. Finally, Ruggie Capital Group raised its stake in shares of Southern Company (The) by 228.0% in the first quarter. Ruggie Capital Group now owns 2,578 shares of the utilities provider’s stock worth $128,000 after buying an additional 1,792 shares during the last quarter. Institutional investors and hedge funds own 53.26% of the company’s stock.

Shares of Southern Company (NYSE SO) traded down 0.0525% on Wednesday, hitting $48.1547. 634,246 shares of the stock were exchanged. The stock’s 50-day moving average is $48.03 and its 200-day moving average is $49.44. Southern Company has a 1-year low of $46.20 and a 1-year high of $53.73. The stock has a market cap of $48.13 billion, a price-to-earnings ratio of 79.2018 and a beta of 0.12.

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

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 6th. Shareholders of record on Monday, August 21st will be given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 4.82%. The ex-dividend date is Thursday, August 17th. Southern Company (The)’s dividend payout ratio (DPR) is 346.27%.

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A number of brokerages recently commented on SO. J P Morgan Chase & Co began coverage on shares of Southern Company (The) in a report on Tuesday, August 8th. They set an “overweight” rating and a $16.78 price objective on the stock. Credit Suisse Group upgraded shares of Southern Company (The) from an “underperform” rating to a “neutral” rating in a report on Thursday, August 3rd. Morgan Stanley raised their price objective on shares of Southern Company (The) from $50.00 to $51.00 and gave the stock an “underweight” rating in a report on Monday, May 8th. Barclays PLC restated a “buy” rating and set a $55.00 price objective on shares of Southern Company (The) in a report on Monday, May 15th. Finally, Citigroup Inc. raised their price objective on shares of Southern Company (The) from $42.00 to $43.00 and gave the stock a “sell” rating in a report on Wednesday, July 26th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. Southern Company (The) currently has a consensus rating of “Hold” and an average target price of $48.79.

In other Southern Company (The) news, EVP Christopher C. Womack sold 75,144 shares of the business’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 transaction, the executive vice president now owns 85,298 shares of the company’s stock, valued at approximately $4,204,338.42. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Ann P. Daiss sold 5,000 shares of the business’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $51.28, for a total value of $256,400.00. Following the completion of the transaction, the insider now directly owns 7,394 shares of the company’s stock, valued at approximately $379,164.32. The disclosure for this sale can be found here. In the last three months, insiders sold 152,084 shares of company stock valued at $7,665,158. 0.74% of the stock is owned by insiders.

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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