Bristlecone Advisors LLC lowered its position in Southern Company (The) (NYSE:SO) by 0.7% during the first quarter, Holdings Channel reports. The fund owned 25,111 shares of the utilities provider’s stock after selling 170 shares during the period. Bristlecone Advisors LLC’s holdings in Southern Company (The) were worth $1,250,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of SO. Gierl Augustine Investment Management Inc raised its stake in shares of 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 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. Vicus Capital raised its stake in shares of 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 during the last quarter. Elkfork Partners LLC raised its stake in shares of 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 during the last quarter. Finally, Stifel Financial Corp raised its stake in shares of Southern Company (The) by 5.2% in the first quarter. Stifel Financial Corp now owns 1,640,131 shares of the utilities provider’s stock worth $81,543,000 after buying an additional 81,148 shares during the last quarter. Institutional investors and hedge funds own 52.83% of the company’s stock.

Shares of Southern Company (NYSE SO) traded up 0.339% on Tuesday, reaching $48.805. The company’s stock had a trading volume of 730,640 shares. Southern Company has a 1-year low of $46.20 and a 1-year high of $53.73. The stock has a 50-day moving average price of $48.05 and a 200-day moving average price of $49.48. The company has a market capitalization of $48.78 billion, a price-to-earnings ratio of 80.271 and a beta of 0.12.

Southern Company (The) (NYSE:SO) last posted its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $5.43 billion during the quarter, compared to analysts’ expectations of $5.23 billion. During the same period last year, the firm earned $0.74 EPS. The firm’s revenue for the quarter was up 21.7% on a year-over-year basis. On average, equities research analysts forecast that Southern Company will post $2.95 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 6th. Shareholders of record on Monday, August 21st will be given a dividend of $0.58 per share. The ex-dividend date is Thursday, August 17th. This represents a $2.32 dividend on an annualized basis and a yield of 4.77%. Southern Company (The)’s payout ratio is 346.27%.

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A number of research firms recently commented on SO. Deutsche Bank AG raised Southern Company (The) from a “hold” rating to a “buy” rating and lifted their target price for the stock from $50.00 to $52.00 in a report on Tuesday, August 1st. Zacks Investment Research downgraded Southern Company (The) from a “hold” rating to a “sell” rating in a report on Friday, June 16th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $53.00 target price on shares of Southern Company (The) in a report on Monday, July 31st. Barclays PLC reaffirmed a “buy” rating and set a $55.00 target price on shares of Southern Company (The) in a report on Friday, May 5th. Finally, BidaskClub downgraded Southern Company (The) from a “sell” rating to a “strong sell” rating in a report on Saturday, June 24th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $48.79.

In other Southern Company (The) news, EVP Christopher C. Womack sold 75,144 shares of the stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $49.29, for a total transaction of $3,703,847.76. Following the completion of the sale, the executive vice president now directly owns 85,298 shares of the company’s stock, valued at approximately $4,204,338.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ann P. Daiss sold 5,000 shares of the stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $51.28, for a total value of $256,400.00. Following the sale, the insider now directly owns 7,394 shares of the company’s stock, valued at $379,164.32. The disclosure for this sale can be found here. Insiders have sold a total of 152,084 shares of company stock valued at $7,665,158 over the last ninety days. 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.

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

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