Verition Fund Management LLC lifted its position in shares of Southern Company (The) (NYSE:SO) by 445.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,824 shares of the utilities provider’s stock after acquiring an additional 30,073 shares during the quarter. Verition Fund Management LLC’s holdings in Southern Company (The) were worth $1,763,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Chicago Partners Investment Group LLC purchased a new stake in Southern Company (The) during the second quarter worth about $100,000. Monroe Bank & Trust MI boosted its holdings in Southern Company (The) by 17.9% during the second quarter. Monroe Bank & Trust MI now owns 2,300 shares of the utilities provider’s stock worth $110,000 after buying an additional 350 shares in the last quarter. AlphaMark Advisors LLC boosted its holdings in Southern Company (The) by 0.6% during the second quarter. AlphaMark Advisors LLC now owns 2,363 shares of the utilities provider’s stock worth $113,000 after buying an additional 14 shares in the last quarter. IHT Wealth Management LLC boosted its holdings in Southern Company (The) by 15.3% during the first quarter. IHT Wealth Management LLC now owns 2,281 shares of the utilities provider’s stock worth $115,000 after buying an additional 302 shares in the last quarter. Finally, Ruggie Capital Group boosted its holdings in Southern Company (The) by 228.0% during 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 in the last quarter. Institutional investors and hedge funds own 52.88% of the company’s stock.

Shares of Southern Company (NYSE:SO) opened at $51.94 on Friday. Southern Company has a fifty-two week low of $46.20 and a fifty-two week high of $53.51. The stock has a market cap of $52,108.37, a PE ratio of 18.88, a price-to-earnings-growth ratio of 4.69 and a beta of 0.15. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.73 and a quick ratio of 0.57.

Southern Company (The) (NYSE:SO) last posted its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates 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 revenue was down 1.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.27 earnings per share. equities research analysts expect that Southern Company will post 2.95 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Monday, November 20th will be given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 4.47%. The ex-dividend date is Friday, November 17th. Southern Company (The)’s dividend payout ratio is presently 414.29%.

In other news, VP James Y. Kerr II sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $52.16, for a total value of $1,304,000.00. Following the completion of the transaction, the vice president now owns 26,000 shares of the company’s stock, valued at $1,356,160. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO William P. Bowers sold 85,151 shares of the business’s stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $50.00, for a total transaction of $4,257,550.00. The disclosure for this sale can be found here. In the last three months, insiders sold 213,813 shares of company stock valued at $11,029,988. Company insiders own 1.00% of the company’s stock.

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A number of analysts recently commented on the stock. J P Morgan Chase & Co assumed 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. SunTrust Banks, Inc. reissued a “hold” rating and set a $52.00 price objective on shares of Southern Company (The) in a report on Friday, October 20th. Credit Suisse Group raised shares of Southern Company (The) from an “underperform” rating to a “neutral” rating in a report on Thursday, August 3rd. Bank of America Corporation reissued an “underperform” rating and set a $51.00 price objective on shares of Southern Company (The) in a report on Tuesday, October 24th. Finally, Royal Bank Of Canada raised shares of Southern Company (The) from a “sector perform” rating to an “outperform” rating and set a $53.00 price objective on the stock in a report on Friday, September 29th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the stock. Southern Company (The) presently has a consensus rating of “Hold” and a consensus target price of $49.72.

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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