Tompkins Financial Corp boosted its holdings in Southern Company (The) (NYSE:SO) by 2.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,553 shares of the utilities provider’s stock after purchasing an additional 1,202 shares during the period. Tompkins Financial Corp’s holdings in Southern Company (The) were worth $2,533,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in SO. BlackRock Inc. grew its position in shares of Southern Company (The) by 2,961.9% in the 1st quarter. BlackRock Inc. now owns 62,067,822 shares of the utilities provider’s stock valued at $3,089,736,000 after acquiring an additional 60,040,696 shares during the period. Janus Henderson Group PLC grew its position in shares of Southern Company (The) by 3,580.1% in the 2nd quarter. Janus Henderson Group PLC now owns 4,673,498 shares of the utilities provider’s stock valued at $223,766,000 after acquiring an additional 4,546,503 shares during the period. Capital Research Global Investors grew its position in shares of Southern Company (The) by 25.3% in the 2nd quarter. Capital Research Global Investors now owns 14,940,226 shares of the utilities provider’s stock valued at $715,338,000 after acquiring an additional 3,015,226 shares during the period. Vanguard Group Inc. grew its position in shares of Southern Company (The) by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 68,758,138 shares of the utilities provider’s stock valued at $3,422,780,000 after acquiring an additional 2,688,854 shares during the period. Finally, Franklin Resources Inc. grew its position in shares of Southern Company (The) by 3.6% in the 2nd quarter. Franklin Resources Inc. now owns 22,379,839 shares of the utilities provider’s stock valued at $1,071,547,000 after acquiring an additional 770,413 shares during the period. 52.64% of the stock is owned by institutional investors and hedge funds.

Shares of Southern Company (SO) opened at $51.30 on Wednesday. Southern Company has a 12 month low of $46.20 and a 12 month high of $53.51. The company has a quick ratio of 0.57, a current ratio of 0.73 and a debt-to-equity ratio of 1.73. The firm has a market cap of $51,365.68, a PE ratio of 18.61, a price-to-earnings-growth ratio of 4.62 and a beta of 0.15.

Southern Company (The) (NYSE:SO) last issued its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.04. The business had revenue of $6.20 billion during the quarter, compared to analysts’ expectations of $6.16 billion. Southern Company (The) had a net margin of 2.59% and a return on equity of 10.81%. The business’s revenue was down 1.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.27 EPS. equities analysts expect 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. Stockholders of record on Monday, November 20th will be given a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 4.52%. The ex-dividend date of this dividend is Friday, November 17th. Southern Company (The)’s payout ratio is presently 414.29%.

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In other news, insider Ann P. Daiss sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $52.28, for a total value of $261,400.00. Following the completion of the transaction, the insider now directly owns 7,394 shares in the company, valued at approximately $386,558.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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. Insiders sold a total of 213,813 shares of company stock valued at $11,029,988 over the last 90 days. Corporate insiders own 0.74% of the company’s stock.

SO has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of Southern Company (The) from a “hold” rating to a “sell” rating in a report on Monday, September 11th. Jefferies Group LLC reaffirmed a “buy” rating and set a $56.00 target price (up previously from $55.00) on shares of Southern Company (The) in a report on Tuesday, September 12th. KeyCorp reaffirmed a “hold” rating on shares of Southern Company (The) in a report on Friday, September 1st. Mizuho raised shares of Southern Company (The) from a “neutral” rating to a “buy” rating and set a $53.00 target price for the company in a report on Tuesday, September 5th. Finally, Bank of America Corporation reaffirmed an “underperform” rating and set a $51.00 target price on shares of Southern Company (The) in a report on Tuesday, October 24th. 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 an average 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.

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

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