Canada Pension Plan Investment Board increased its position in shares of Southern Company (The) (NYSE:SO) by 876.2% during the first quarter, according to its most recent filing with the SEC. The firm owned 1,074,910 shares of the utilities provider’s stock after buying an additional 964,800 shares during the period. Canada Pension Plan Investment Board owned 0.11% of Southern Company (The) worth $53,509,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of SO. Confluence Investment Management LLC boosted its stake in shares of Southern Company (The) by 7.8% in the third quarter. Confluence Investment Management LLC now owns 1,298,232 shares of the utilities provider’s stock worth $66,599,000 after buying an additional 93,439 shares in the last quarter. M&T Bank Corp boosted its position in Southern Company (The) by 3.4% in the third quarter. M&T Bank Corp now owns 669,974 shares of the utilities provider’s stock valued at $34,370,000 after buying an additional 22,187 shares during the period. Coconut Grove Bank boosted its position in Southern Company (The) by 3.4% in the third quarter. Coconut Grove Bank now owns 22,418 shares of the utilities provider’s stock valued at $1,150,000 after buying an additional 740 shares during the period. Swiss National Bank raised its stake in shares of Southern Company (The) by 1.4% in the third quarter. Swiss National Bank now owns 4,345,224 shares of the utilities provider’s stock valued at $222,910,000 after buying an additional 60,100 shares in the last quarter. Finally, Sigma Planning Corp raised its stake in shares of Southern Company (The) by 14.8% in the third quarter. Sigma Planning Corp now owns 39,221 shares of the utilities provider’s stock valued at $2,012,000 after buying an additional 5,057 shares in the last quarter. Institutional investors own 53.88% of the company’s stock.

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

Southern Company (SO) traded down 0.25% during mid-day trading on Friday, hitting $51.58. The stock had a trading volume of 3,675,412 shares. Southern Company has a 1-year low of $46.20 and a 1-year high of $54.64. The stock has a market cap of $51.30 billion, a PE ratio of 19.29 and a beta of 0.11. The firm’s 50-day moving average price is $50.28 and its 200-day moving average price is $49.50.

Southern Company (The) (NYSE:SO) last issued its quarterly earnings data on Wednesday, May 3rd. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.08. Southern Company (The) had a return on equity of 11.37% and a net margin of 12.38%. The company had revenue of $5.77 billion for the quarter, compared to the consensus estimate of $5.58 billion. During the same quarter last year, the business posted $0.58 earnings per share. The firm’s revenue was up 44.6% compared to the same quarter last year. On average, equities analysts expect that Southern Company will post $2.97 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 6th. Investors of record on Monday, May 15th were given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 4.49%. The ex-dividend date of this dividend was Thursday, May 11th. This is an increase from Southern Company (The)’s previous quarterly dividend of $0.56. Southern Company (The)’s dividend payout ratio (DPR) is 85.29%.

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Several equities research analysts recently weighed in on SO shares. Jefferies Group LLC upgraded Southern Company (The) from a “hold” rating to a “buy” rating and boosted their target price for the stock from $50.00 to $56.00 in a report on Friday, March 3rd. Argus cut Southern Company (The) from a “buy” rating to a “hold” rating in a research report on Friday, March 3rd. BMO Capital Markets restated a “hold” rating and set a $53.00 price objective on shares of Southern Company (The) in a research report on Thursday, March 30th. Deutsche Bank AG lowered their price target on Southern Company (The) from $52.00 to $50.00 and set a “hold” rating on the stock in a research report on Tuesday, April 11th. Finally, Mizuho restated a “neutral” rating and set a $49.50 target price on shares of Southern Company (The) in a report on Wednesday, April 19th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $51.79.

In related news, insider Ann P. Daiss sold 5,000 shares of the stock in a transaction on Monday, June 12th. The stock was sold at an average price of $51.28, for a total value of $256,400.00. Following the transaction, the insider now owns 7,394 shares of the company’s stock, valued at $379,164.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Mark Lantrip sold 25,000 shares of the stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $51.50, for a total value of $1,287,500.00. Following the completion of the transaction, the chief executive officer now directly owns 31,080 shares in the company, valued at approximately $1,600,620. The disclosure for this sale can be found here. Insiders sold 145,549 shares of company stock worth $7,395,190 in the last quarter. 1.00% of the stock is currently owned by company insiders.

Southern Company (The) Company 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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