Checchi Capital Advisers LLC decreased its stake in Southern Company (The) (NYSE:SO) by 6.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,477 shares of the utilities provider’s stock after selling 669 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Southern Company (The) were worth $454,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Pathstone Family Office LLC acquired a new stake in shares of Southern Company (The) during the 1st quarter valued at about $170,000. Epoch Investment Partners Inc. grew its stake in shares of Southern Company (The) by 5.0% in the 1st quarter. Epoch Investment Partners Inc. now owns 3,249,597 shares of the utilities provider’s stock valued at $161,765,000 after buying an additional 154,093 shares in the last quarter. Pennsylvania Trust Co grew its stake in shares of Southern Company (The) by 38.2% in the 2nd quarter. Pennsylvania Trust Co now owns 33,700 shares of the utilities provider’s stock valued at $1,614,000 after buying an additional 9,314 shares in the last quarter. First National Bank of Omaha grew its stake in shares of Southern Company (The) by 0.5% in the 2nd quarter. First National Bank of Omaha now owns 15,070 shares of the utilities provider’s stock valued at $721,000 after buying an additional 70 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its stake in shares of Southern Company (The) by 14.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 197,743 shares of the utilities provider’s stock valued at $9,844,000 after buying an additional 24,248 shares in the last quarter. Institutional investors own 53.28% of the company’s stock.

In other 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 value of $3,703,847.76. Following the completion of the sale, the executive vice president now 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 SEC, which is available at this link. Corporate insiders own 0.74% of the company’s stock.

Southern Company (NYSE:SO) opened at 48.79 on Wednesday. The firm’s 50-day moving average is $49.00 and its 200-day moving average is $49.37. The firm has a market cap of $48.76 billion, a price-to-earnings ratio of 80.25 and a beta of 0.13. Southern Company has a 52-week low of $46.20 and a 52-week high of $52.23.

Southern Company (The) (NYSE:SO) last posted its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.73 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.02. The firm 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 business’s revenue was up 21.7% compared to the same quarter last year. During the same period last year, the company earned $0.74 earnings per share. Analysts forecast that Southern Company will post $2.95 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 6th. Stockholders of record on Monday, August 21st were paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 4.76%. The ex-dividend date was Thursday, August 17th. Southern Company (The)’s dividend payout ratio is currently 346.27%.

SO has been the topic of several recent research reports. Credit Suisse Group raised shares of Southern Company (The) from an “underperform” rating to a “neutral” rating in a research report on Thursday, August 3rd. Citigroup Inc. reissued a “sell” rating and issued a $44.00 target price (up from $43.00) on shares of Southern Company (The) in a research report on Tuesday. Jefferies Group LLC reissued a “buy” rating and issued a $55.00 target price on shares of Southern Company (The) in a research report on Wednesday, July 19th. BidaskClub lowered shares of Southern Company (The) from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Finally, Royal Bank Of Canada upgraded shares of Southern Company (The) from a “sector perform” rating to an “outperform” rating and set a $53.00 price target on the stock in a research note on Friday, September 29th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $49.37.

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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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