Azimuth Capital Management LLC raised its position in Southern Company (The) (NYSE:SO) by 1.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,975 shares of the utilities provider’s stock after buying an additional 375 shares during the period. Azimuth Capital Management LLC’s holdings in Southern Company (The) were worth $1,691,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the company. AlphaMark Advisors LLC raised its stake in 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. Stifel Financial Corp raised its stake in Southern Company (The) by 5.2% in the first quarter. Stifel Financial Corp now owns 1,640,131 shares of the utilities provider’s stock valued at $81,543,000 after buying an additional 81,148 shares during the last quarter. Elkfork Partners LLC raised its stake in Southern Company (The) by 23.9% in the first quarter. Elkfork Partners LLC now owns 695,470 shares of the utilities provider’s stock valued at $34,620,000 after buying an additional 134,062 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in Southern Company (The) by 876.2% in the first quarter. Canada Pension Plan Investment Board now owns 1,074,910 shares of the utilities provider’s stock valued at $53,509,000 after buying an additional 964,800 shares during the last quarter. Finally, Northstar Investment Advisors LLC raised its stake in Southern Company (The) by 7.8% in the first quarter. Northstar Investment Advisors LLC now owns 160,474 shares of the utilities provider’s stock valued at $7,988,000 after buying an additional 11,610 shares during the last quarter. 53.26% of the stock is owned by institutional investors.

Shares of Southern Company (NYSE SO) traded down 0.04% during midday trading on Tuesday, hitting $48.33. 490,535 shares of the stock were exchanged. The firm has a 50 day moving average of $48.03 and a 200-day moving average of $49.44. Southern Company has a one year low of $46.20 and a one year high of $53.73. The company has a market cap of $48.30 billion, a price-to-earnings ratio of 79.49 and a beta of 0.12.

Southern Company (The) (NYSE:SO) last announced its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.02. The business had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $5.23 billion. Southern Company (The) had a return on equity of 11.30% and a net margin of 2.93%. The business’s revenue was up 21.7% on a year-over-year basis. During the same quarter last year, the business posted $0.74 EPS. Equities analysts expect that Southern Company will post $2.94 EPS for the current year.

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

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Several brokerages recently commented on SO. Barclays PLC reaffirmed a “buy” rating and issued a $54.00 price objective on shares of Southern Company (The) in a research report on Tuesday, July 25th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $55.00 price objective (down from $56.00) on shares of Southern Company (The) in a research report on Thursday, May 4th. Deutsche Bank AG raised shares of Southern Company (The) from a “hold” rating to a “buy” rating and increased their price objective for the company from $50.00 to $52.00 in a research report on Tuesday, August 1st. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $53.00 price objective on shares of Southern Company (The) in a research report on Monday, July 31st. Finally, BidaskClub raised shares of Southern Company (The) from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. Southern Company (The) presently has an average rating of “Hold” and an average target price of $48.79.

In other Southern Company (The) news, CEO Mark Lantrip sold 25,000 shares of Southern Company (The) stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $51.50, for a total transaction of $1,287,500.00. Following the sale, the chief executive officer now owns 31,080 shares of the company’s stock, valued at approximately $1,600,620. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ann P. Daiss sold 5,000 shares of Southern Company (The) stock in a transaction on Monday, June 12th. The shares were sold at an average price of $51.28, for a total value of $256,400.00. Following the sale, the insider now directly owns 7,394 shares in the company, valued at approximately $379,164.32. The disclosure for this sale can be found here. Insiders have sold a total of 152,084 shares of company stock worth $7,665,158 in the last ninety days. 0.74% of the stock is 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.

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

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