Ronald Blue & Co. LLC raised its stake in shares of Southern Company (The) (NYSE:SO) by 2.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,714 shares of the utilities provider’s stock after buying an additional 371 shares during the period. Ronald Blue & Co. LLC’s holdings in Southern Company (The) were worth $832,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in SO. Orrstown Financial Services Inc. raised its stake in shares of Southern Company (The) by 10.8% in the first quarter. Orrstown Financial Services Inc. now owns 2,050 shares of the utilities provider’s stock valued at $102,000 after buying an additional 200 shares during the last quarter. Symmetry Partners LLC purchased a new position in shares of Southern Company (The) during the first quarter valued at about $103,000. Feltz Wealth PLAN Inc. purchased a new position in shares of Southern Company (The) during the first quarter valued at about $108,000. Stuart Chaussee & Associates Inc. raised its position in shares of 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 buying an additional 1,740 shares during the last quarter. Finally, AlphaMark Advisors LLC raised its position in shares of Southern Company (The) by 115.7% in the first quarter. AlphaMark Advisors LLC now owns 2,349 shares of the utilities provider’s stock valued at $117,000 after buying an additional 1,260 shares during the last quarter. Institutional investors own 52.83% of the company’s stock.

Shares of Southern Company (NYSE SO) traded up 0.79% on Friday, reaching $48.30. The company had a trading volume of 4,853,025 shares. Southern Company has a 52 week low of $46.20 and a 52 week high of $53.73. The firm has a market capitalization of $48.27 billion, a price-to-earnings ratio of 79.44 and a beta of 0.12. The stock’s 50 day moving average is $47.97 and its 200 day moving average is $49.46.

Southern Company (The) (NYSE:SO) last announced its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.02. Southern Company (The) had a net margin of 2.93% and a return on equity of 11.30%. The company had revenue of $5.43 billion during the quarter, compared to analysts’ expectations of $5.23 billion. During the same quarter in the prior year, the company earned $0.74 EPS. Southern Company (The)’s revenue was up 21.7% compared to the same quarter last year. On average, equities analysts anticipate that Southern Company will post $2.95 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 6th. Investors of record on Monday, August 21st will be paid a dividend of $0.58 per share. The ex-dividend date of this dividend is Thursday, August 17th. This represents a $2.32 annualized dividend and a yield of 4.80%. Southern Company (The)’s dividend payout ratio is presently 346.27%.

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A number of research firms have recently weighed in on SO. Morgan Stanley set a $50.00 target price on Southern Company (The) and gave the company a “sell” rating in a report on Thursday, August 10th. BidaskClub downgraded Southern Company (The) from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. J P Morgan Chase & Co began coverage on Southern Company (The) in a research report on Tuesday, August 8th. They set an “overweight” rating and a $16.78 price target for the company. Credit Suisse Group raised Southern Company (The) from an “underperform” rating to a “neutral” rating in a research report on Thursday, August 3rd. Finally, Deutsche Bank AG raised Southern Company (The) from a “hold” rating to a “buy” rating and raised their target price for the stock from $50.00 to $52.00 in a research report on Tuesday, August 1st. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. Southern Company (The) presently has an average rating of “Hold” and a consensus price target of $48.79.

In other Southern Company (The) news, insider Ann P. Daiss sold 5,000 shares of the business’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $51.28, for a total value of $256,400.00. Following the transaction, the insider now directly owns 7,394 shares in the company, valued at approximately $379,164.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Art P. Beattie sold 46,940 shares of the business’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $51.50, for a total transaction of $2,417,410.00. Following the completion of the transaction, the insider now owns 59,493 shares in the company, valued at $3,063,889.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 152,084 shares of company stock valued at $7,665,158. 1.00% of the stock is owned by corporate insiders.

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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