Tiaa Fsb acquired a new position in shares of Southern Company (The) (NYSE:SO) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 59,750 shares of the utilities provider’s stock, valued at approximately $2,861,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mutual of America Capital Management LLC boosted its holdings in shares of Southern Company (The) by 3.6% in the 1st quarter. Mutual of America Capital Management LLC now owns 122,318 shares of the utilities provider’s stock worth $6,089,000 after buying an additional 4,307 shares during the last quarter. Telos Capital Management Inc. boosted its holdings in shares of Southern Company (The) by 2.9% in the 1st quarter. Telos Capital Management Inc. now owns 31,789 shares of the utilities provider’s stock worth $1,583,000 after buying an additional 901 shares during the last quarter. Stevens Capital Management LP boosted its holdings in shares of Southern Company (The) by 58.8% in the 1st quarter. Stevens Capital Management LP now owns 88,633 shares of the utilities provider’s stock worth $4,412,000 after buying an additional 32,831 shares during the last quarter. FCA Corp TX boosted its holdings in shares of Southern Company (The) by 2.0% in the 1st quarter. FCA Corp TX now owns 50,107 shares of the utilities provider’s stock worth $2,494,000 after buying an additional 990 shares during the last quarter. Finally, Ffcm LLC boosted its holdings in shares of Southern Company (The) by 8.3% in the 1st quarter. Ffcm LLC now owns 48,048 shares of the utilities provider’s stock worth $2,393,000 after buying an additional 3,674 shares during the last quarter. 53.14% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of Southern Company (NYSE:SO) opened at $52.44 on Friday. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.73 and a quick ratio of 0.53. The stock has a market cap of $53,443.20, a price-to-earnings ratio of 19.36, a PEG ratio of 4.81 and a beta of 0.15.

Southern Company (The) (NYSE:SO) last announced its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $1.12 earnings per share for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $6.20 billion for the quarter, compared to analysts’ expectations of $6.16 billion. During the same period in the prior year, the business posted $1.27 earnings per share. The company’s revenue was down 1.0% on a year-over-year basis. equities analysts expect that Southern Company will post 2.95 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Monday, November 20th will be given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 4.42%. The ex-dividend date of this dividend 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 dated Friday, October 20th. The stock was sold at an average price of $52.16, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ann P. Daiss sold 5,000 shares of the business’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $52.28, for a total value of $261,400.00. Following the transaction, the insider now directly owns 7,394 shares of the company’s stock, valued at approximately $386,558.32. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 162,092 shares of company stock worth $8,287,353. Company insiders own 1.00% of the company’s stock.

A number of equities analysts recently weighed in on SO shares. Zacks Investment Research downgraded shares of Southern Company (The) from a “hold” rating to a “sell” rating in a report on Monday, September 11th. Deutsche Bank AG upgraded Southern Company (The) from a “hold” rating to a “buy” rating and boosted their price objective for the company from $50.00 to $52.00 in a research note on Tuesday, August 1st. Guggenheim upgraded Southern Company (The) from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $49.00 to $56.00 in a research note on Thursday, September 14th. Mizuho upgraded Southern Company (The) from a “neutral” rating to a “buy” rating and set a $53.00 price objective on the stock in a research note on Tuesday, September 5th. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $53.00 price objective on shares of Southern Company (The) in a research note on Monday, July 31st. Three analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the stock. Southern Company (The) currently has an average rating of “Hold” and a consensus price target 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.

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

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