Prudential PLC reduced its stake in shares of Southern Company (The) (NYSE:SO) by 1.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 58,541 shares of the utilities provider’s stock after selling 728 shares during the quarter. Prudential PLC’s holdings in Southern Company (The) were worth $2,802,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Captrust Financial Advisors purchased a new stake in shares of Southern Company (The) during the second quarter valued at $854,000. Fiera Capital Corp boosted its stake in shares of Southern Company (The) by 4.3% during the second quarter. Fiera Capital Corp now owns 34,294 shares of the utilities provider’s stock valued at $1,642,000 after purchasing an additional 1,399 shares during the period. Jackson Grant Investment Advisers Inc. boosted its stake in shares of Southern Company (The) by 1.2% during the second quarter. Jackson Grant Investment Advisers Inc. now owns 3,317 shares of the utilities provider’s stock valued at $159,000 after purchasing an additional 38 shares during the period. Pathstone Family Office LLC purchased a new stake in shares of Southern Company (The) during the first quarter valued at $170,000. Finally, Epoch Investment Partners Inc. lifted its stake in Southern Company (The) by 5.0% in the first quarter. Epoch Investment Partners Inc. now owns 3,249,597 shares of the utilities provider’s stock worth $161,765,000 after acquiring an additional 154,093 shares during the period. 53.08% of the stock is owned by hedge funds and other institutional investors.

A number of research firms recently weighed in on SO. Zacks Investment Research raised shares of Southern Company (The) from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. Bank of America Corporation reaffirmed an “underperform” rating and issued a $51.00 price objective on shares of Southern Company (The) in a research note on Tuesday, October 24th. SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $52.00 price objective on shares of Southern Company (The) in a research note on Friday, October 20th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $56.00 price objective (up from $55.00) on shares of Southern Company (The) in a research note on Tuesday, September 12th. Finally, Credit Suisse Group raised shares of Southern Company (The) from an “underperform” rating to a “neutral” rating in a research note on Thursday, August 3rd. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $49.72.

In other news, VP James Y. Kerr II sold 25,000 shares of the company’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $52.16, for a total transaction of $1,304,000.00. Following the transaction, the vice president now owns 26,000 shares in the company, valued at $1,356,160. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Ann P. Daiss sold 5,000 shares of the company’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $52.28, for a total transaction of $261,400.00. Following the transaction, the insider now owns 7,394 shares in the company, valued at approximately $386,558.32. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 213,813 shares of company stock worth $11,029,988. Corporate insiders own 1.00% of the company’s stock.

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Shares of Southern Company (NYSE:SO) opened at $51.36 on Friday. The company has a market cap of $52,198.69, a PE ratio of 18.91, a price-to-earnings-growth ratio of 4.70 and a beta of 0.15. Southern Company has a 1 year low of $46.20 and a 1 year high of $53.51. The company has a current ratio of 0.73, a quick ratio of 0.57 and a debt-to-equity ratio of 1.73.

Southern Company (The) (NYSE:SO) last released its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $1.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.04. The business had revenue of $6.20 billion during the quarter, compared to analyst estimates of $6.16 billion. Southern Company (The) had a net margin of 2.59% and a return on equity of 10.81%. The company’s quarterly revenue was down 1.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.27 earnings per share. equities research analysts predict 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, December 6th. Stockholders of record on Monday, November 20th will be issued a dividend of $0.58 per share. The ex-dividend date is Friday, November 17th. This represents a $2.32 annualized dividend and a dividend yield of 4.52%. Southern Company (The)’s dividend payout ratio (DPR) is currently 414.29%.

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.

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

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