Inverness Counsel LLC NY continued to hold its position in shares of Southern Company (The) (NYSE:SO) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,078 shares of the utilities provider’s stock at the end of the second quarter. Inverness Counsel LLC NY’s holdings in Southern Company (The) were worth $243,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in SO. NewSquare Capital LLC raised its stake in shares of Southern Company (The) by 18.7% in the first quarter. NewSquare Capital LLC now owns 19,580 shares of the utilities provider’s stock valued at $975,000 after buying an additional 3,089 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in Southern Company (The) by 13.4% in the first quarter. Nisa Investment Advisors LLC now owns 205,990 shares of the utilities provider’s stock valued at $10,254,000 after buying an additional 24,290 shares in the last quarter. Quantitative Systematic Strategies LLC acquired a new stake in Southern Company (The) during the first quarter valued at approximately $1,953,000. Feltz Wealth PLAN Inc. acquired a new stake in Southern Company (The) during the first quarter valued at approximately $108,000. Finally, Bollard Group LLC raised its stake in Southern Company (The) by 12.0% in the first quarter. Bollard Group LLC now owns 182,456 shares of the utilities provider’s stock valued at $9,083,000 after buying an additional 19,587 shares in the last quarter. 53.26% of the stock is currently owned by institutional investors.

Shares of Southern Company (SO) opened at 48.18 on Wednesday. Southern Company has a one year low of $46.20 and a one year high of $53.73. The stock’s 50 day moving average price is $48.03 and its 200 day moving average price is $49.44. The firm has a market capitalization of $48.15 billion, a price-to-earnings ratio of 79.24 and a beta of 0.12.

Southern Company (The) (NYSE:SO) last released its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.02. The business had revenue of $5.43 billion during 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 company’s quarterly revenue was up 21.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.74 EPS. Analysts expect that Southern Company will post $2.94 EPS for the current fiscal year.

The business also recently declared 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. The ex-dividend date is Thursday, August 17th. This represents a $2.32 dividend on an annualized basis and a yield of 4.82%. Southern Company (The)’s dividend payout ratio (DPR) is currently 346.27%.

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SO has been the topic of a number of recent research reports. Barclays PLC restated a “buy” rating and issued a $54.00 target price on shares of Southern Company (The) in a report on Tuesday, July 25th. Jefferies Group LLC reaffirmed a “buy” rating and set a $55.00 price objective (down previously from $56.00) on shares of Southern Company (The) in a research note on Thursday, May 4th. Deutsche Bank AG raised shares of Southern Company (The) from a “hold” rating to a “buy” rating and increased their target price for the stock from $50.00 to $52.00 in a research report on Tuesday, August 1st. Royal Bank Of Canada reissued a “hold” rating and set a $53.00 target price 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 investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $48.79.

In other news, EVP Christopher C. Womack sold 75,144 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $49.29, for a total value of $3,703,847.76. Following the transaction, the executive vice president now owns 85,298 shares in the company, valued at approximately $4,204,338.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Mark Lantrip sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 14th. The stock was 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 owns 31,080 shares in the company, valued at approximately $1,600,620. The disclosure for this sale can be found here. Insiders have sold a total of 152,084 shares of company stock valued at $7,665,158 in the last quarter. Company insiders own 0.74% of the company’s stock.

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.

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

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