Hanlon Investment Management Inc. decreased its stake in Southern Company (The) (NYSE:SO) by 9.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 52,859 shares of the utilities provider’s stock after selling 5,307 shares during the period. Hanlon Investment Management Inc.’s holdings in Southern Company (The) were worth $2,631,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in SO. Quadrature Capital Ltd acquired a new stake in shares of Southern Company (The) during the fourth quarter valued at $9,331,000. Teachers Advisors LLC increased its stake in shares of Southern Company (The) by 0.4% in the fourth quarter. Teachers Advisors LLC now owns 1,580,819 shares of the utilities provider’s stock valued at $77,760,000 after buying an additional 6,988 shares during the last quarter. Kentucky Retirement Systems acquired a new stake in shares of Southern Company (The) during the fourth quarter valued at $3,498,000. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of Southern Company (The) during the fourth quarter valued at $1,561,000. Finally, Searle & CO. acquired a new stake in shares of Southern Company (The) during the fourth quarter valued at $955,000. Institutional investors own 52.83% of the company’s stock.

Shares of Southern Company (SO) traded up 0.79% during trading on Friday, hitting $48.30. The stock had a trading volume of 4,853,025 shares. Southern Company has a 12-month low of $46.20 and a 12-month high of $53.73. The stock has a market capitalization of $48.27 billion, a P/E 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 issued its quarterly earnings results 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. The business had revenue of $5.43 billion during the quarter, compared to analysts’ expectations of $5.23 billion. Southern Company (The) had a return on equity of 11.30% and a net margin of 2.93%. The firm’s revenue for the quarter was up 21.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.74 earnings per share. Analysts predict 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, September 6th. Investors of record on Monday, August 21st will be paid a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 4.80%. The ex-dividend date of this dividend is Thursday, August 17th. Southern Company (The)’s dividend payout ratio (DPR) is currently 346.27%.

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Several analysts recently weighed in on SO shares. Jefferies Group LLC restated a “buy” rating and set a $55.00 target price on shares of Southern Company (The) in a research note on Monday, May 15th. Barclays PLC restated a “buy” rating and set a $55.00 target price on shares of Southern Company (The) in a research note on Monday, May 15th. Deutsche Bank AG upgraded Southern Company (The) from a “hold” rating to a “buy” rating and increased their target price for the company from $50.00 to $52.00 in a research note on Tuesday, August 1st. Royal Bank Of Canada restated a “hold” rating and set a $53.00 target price on shares of Southern Company (The) in a research note on Monday, July 31st. Finally, BidaskClub upgraded Southern Company (The) from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $48.79.

In related news, insider Ann P. Daiss sold 5,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 7,394 shares in the company, valued at $379,164.32. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Art P. Beattie sold 46,940 shares of the business’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $51.50, for a total value of $2,417,410.00. Following the completion of the sale, the insider now owns 59,493 shares of the company’s stock, valued at $3,063,889.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 152,084 shares of company stock valued at $7,665,158. 1.00% of the stock is currently 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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