The Southern Company (NYSE:SO) Stock Holdings Lessened by Moody National Bank Trust Division

Moody National Bank Trust Division reduced its holdings in The Southern Company (NYSE:SOGet Rating) by 1.5% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 18,451 shares of the utilities provider’s stock after selling 280 shares during the quarter. Moody National Bank Trust Division’s holdings in Southern were worth $1,338,000 as of its most recent filing with the SEC.

A number of other large investors have also recently modified their holdings of SO. Migdal Insurance & Financial Holdings Ltd. lifted its position in Southern by 21.3% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,734 shares of the utilities provider’s stock valued at $107,000 after purchasing an additional 305 shares during the last quarter. Atria Investments LLC lifted its position in Southern by 7.9% in the 3rd quarter. Atria Investments LLC now owns 75,833 shares of the utilities provider’s stock valued at $4,699,000 after purchasing an additional 5,561 shares during the last quarter. Cetera Advisor Networks LLC lifted its position in Southern by 1.7% in the 3rd quarter. Cetera Advisor Networks LLC now owns 99,391 shares of the utilities provider’s stock valued at $6,159,000 after purchasing an additional 1,681 shares during the last quarter. Cetera Advisors LLC lifted its position in Southern by 17.6% in the 3rd quarter. Cetera Advisors LLC now owns 92,819 shares of the utilities provider’s stock valued at $5,752,000 after purchasing an additional 13,873 shares during the last quarter. Finally, Cetera Investment Advisers raised its position in shares of Southern by 2.2% during the 3rd quarter. Cetera Investment Advisers now owns 118,734 shares of the utilities provider’s stock worth $7,358,000 after buying an additional 2,599 shares in the last quarter. Hedge funds and other institutional investors own 60.58% of the company’s stock.

In related news, EVP Bryan D. Anderson sold 26,917 shares of the business’s stock in a transaction that occurred on Friday, April 8th. The shares were sold at an average price of $75.96, for a total transaction of $2,044,615.32. Following the transaction, the executive vice president now directly owns 30,660 shares of the company’s stock, valued at $2,328,933.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Stephen E. Kuczynski sold 14,500 shares of the business’s stock in a transaction that occurred on Friday, April 8th. The shares were sold at an average price of $75.97, for a total transaction of $1,101,565.00. Following the transaction, the chief executive officer now directly owns 115,284 shares in the company, valued at $8,758,125.48. The disclosure for this sale can be found here. Over the last three months, insiders sold 307,831 shares of company stock worth $22,373,794. 0.37% of the stock is currently owned by insiders.

A number of research firms have commented on SO. StockNews.com began coverage on shares of Southern in a research report on Thursday, March 31st. They set a “hold” rating on the stock. BMO Capital Markets dropped their price target on shares of Southern from $81.00 to $70.00 in a research report on Wednesday. Wells Fargo & Company boosted their price target on shares of Southern from $68.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 19th. Credit Suisse Group began coverage on shares of Southern in a research report on Monday, April 25th. They set an “underperform” rating and a $77.00 price target on the stock. Finally, Morgan Stanley dropped their price target on shares of Southern from $67.00 to $66.00 and set an “underweight” rating on the stock in a research report on Monday, May 23rd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $72.88.

Shares of SO opened at $67.69 on Thursday. The firm’s 50 day moving average is $73.44 and its 200-day moving average is $69.98. The stock has a market capitalization of $71.92 billion, a P/E ratio of 31.34, a P/E/G ratio of 4.59 and a beta of 0.48. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.89 and a quick ratio of 0.70. The Southern Company has a 12-month low of $60.12 and a 12-month high of $77.24.

Southern (NYSE:SOGet Rating) last released its earnings results on Thursday, April 28th. The utilities provider reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.06. The business had revenue of $6.60 billion for the quarter, compared to the consensus estimate of $5.93 billion. Southern had a net margin of 10.09% and a return on equity of 11.35%. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period last year, the firm posted $0.98 earnings per share. As a group, equities research analysts forecast that The Southern Company will post 3.56 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, June 6th. Stockholders of record on Monday, May 16th were given a $0.68 dividend. This is an increase from Southern’s previous quarterly dividend of $0.66. This represents a $2.72 annualized dividend and a dividend yield of 4.02%. The ex-dividend date of this dividend was Friday, May 13th. Southern’s dividend payout ratio (DPR) is 125.93%.

Southern Profile (Get Rating)

The Southern Company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity. It operates through Gas Distribution Operations, Gas Pipeline Investments, Wholesale Gas Services, and Gas Marketing Services segments. The company also develops, constructs, acquires, owns, and manages power generation assets, including renewable energy projects and sells electricity in the wholesale market; and distributes natural gas in Illinois, Georgia, Virginia, and Tennessee, as well as provides gas marketing services, wholesale gas services, and gas pipeline investments operations.

Further Reading

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Institutional Ownership by Quarter for Southern (NYSE:SO)

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