Teachers Retirement System of The State of Kentucky trimmed its position in Southern Company (The) (NYSE:SO) by 2.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 109,650 shares of the utilities provider’s stock after selling 2,250 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Southern Company (The) were worth $5,250,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of SO. Norinchukin Bank The grew its position in Southern Company (The) by 5.5% in the 1st quarter. Norinchukin Bank The now owns 115,163 shares of the utilities provider’s stock valued at $5,733,000 after buying an additional 5,964 shares during the last quarter. Wills Financial Group Inc. lifted its holdings in Southern Company (The) by 6.5% in the first quarter. Wills Financial Group Inc. now owns 52,525 shares of the utilities provider’s stock valued at $2,615,000 after acquiring an additional 3,183 shares during the period. Quantitative Investment Management LLC lifted its holdings in Southern Company (The) by 194.3% in the first quarter. Quantitative Investment Management LLC now owns 67,100 shares of the utilities provider’s stock valued at $3,340,000 after acquiring an additional 44,300 shares during the period. Stuart Chaussee & Associates Inc. lifted its holdings in 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 valued at $111,000 after acquiring an additional 1,740 shares during the period. Finally, Symmetry Partners LLC acquired a new stake in Southern Company (The) in the first quarter valued at $103,000. Hedge funds and other institutional investors own 53.08% of the company’s stock.

Southern Company (SO) opened at $52.44 on Monday. The stock has a market capitalization of $52,630.25, a price-to-earnings ratio of 19.07, a PEG ratio of 4.74 and a beta of 0.15. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.57 and a current ratio of 0.73. Southern Company has a one year low of $46.20 and a one year high of $53.51.

Southern Company (The) (NYSE:SO) last released its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.04. Southern Company (The) had a return on equity of 10.81% and a net margin of 2.59%. The business had revenue of $6.20 billion during the quarter, compared to the consensus estimate of $6.16 billion. During the same quarter in the previous year, the company posted $1.27 EPS. The business’s revenue was down 1.0% on a year-over-year basis. research analysts forecast that Southern Company will post 2.95 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 6th. Investors of record on Monday, November 20th will be paid a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 4.42%. The ex-dividend date of this dividend is Friday, November 17th. Southern Company (The)’s payout ratio is 414.29%.

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

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In related news, insider Ann P. Daiss sold 5,000 shares of the business’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $52.28, for a total value of $261,400.00. Following the completion of the transaction, the insider now owns 7,394 shares of the company’s stock, valued at approximately $386,558.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William P. Bowers sold 85,151 shares of the business’s stock in a transaction dated 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. Insiders sold a total of 162,092 shares of company stock valued at $8,287,353 in the last three months. 0.74% of the stock is currently owned by corporate insiders.

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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