Appleton Partners Inc. MA cut its stake in Southern Company (The) (NYSE:SO) by 1.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,991 shares of the utilities provider’s stock after selling 192 shares during the period. Appleton Partners Inc. MA’s holdings in Southern Company (The) were worth $478,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Tompkins Financial Corp grew its holdings in shares of Southern Company (The) by 1.8% in the second quarter. Tompkins Financial Corp now owns 50,351 shares of the utilities provider’s stock worth $2,411,000 after purchasing an additional 911 shares during the last quarter. Capital Investment Advisors LLC grew its holdings in Southern Company (The) by 0.7% during the 2nd quarter. Capital Investment Advisors LLC now owns 308,133 shares of the utilities provider’s stock worth $14,753,000 after acquiring an additional 2,270 shares in the last quarter. Private Trust Co. NA grew its holdings in Southern Company (The) by 3.4% during the 2nd quarter. Private Trust Co. NA now owns 17,990 shares of the utilities provider’s stock worth $861,000 after acquiring an additional 593 shares in the last quarter. Iberiabank Corp grew its holdings in Southern Company (The) by 6.0% during the 2nd quarter. Iberiabank Corp now owns 142,083 shares of the utilities provider’s stock worth $6,803,000 after acquiring an additional 8,073 shares in the last quarter. Finally, Atria Investments LLC grew its holdings in Southern Company (The) by 4.9% during the 2nd quarter. Atria Investments LLC now owns 59,321 shares of the utilities provider’s stock worth $2,840,000 after acquiring an additional 2,765 shares in the last quarter. Hedge funds and other institutional investors own 53.27% of the company’s stock.

Several research analysts have issued reports on the stock. Royal Bank Of Canada reiterated a “hold” rating and set a $53.00 target price on shares of Southern Company (The) in a report on Monday, July 31st. J P Morgan Chase & Co assumed coverage on shares of Southern Company (The) in a report on Tuesday, August 8th. They set an “overweight” rating and a $16.78 target price on the stock. Jefferies Group LLC reiterated a “buy” rating and set a $56.00 target price (up from $55.00) on shares of Southern Company (The) in a report on Tuesday. Credit Suisse Group upgraded shares of Southern Company (The) from an “underperform” rating to a “neutral” rating in a report on Thursday, August 3rd. Finally, BidaskClub upgraded shares of Southern Company (The) from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $49.14.

In other Southern Company (The) 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 completion of the sale, the executive vice president now owns 85,298 shares in the company, valued at $4,204,338.42. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.74% of the stock is currently owned by insiders.

Shares of Southern Company (NYSE SO) traded down 0.20% during trading on Wednesday, hitting $49.46. 1,768,514 shares of the company traded hands. The stock has a market capitalization of $49.43 billion, a PE ratio of 81.35 and a beta of 0.13. The company has a 50-day moving average of $48.62 and a 200-day moving average of $49.46. Southern Company has a 52-week low of $46.20 and a 52-week high of $53.73.

Southern Company (The) (NYSE:SO) last posted its earnings results on Wednesday, August 2nd. The utilities provider reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.02. The firm 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 was up 21.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.74 earnings per share. Equities analysts expect that Southern Company will post $2.94 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 6th. Shareholders of record on Monday, August 21st were paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 4.68%. The ex-dividend date of this dividend was Thursday, August 17th. Southern Company (The)’s dividend payout ratio is currently 346.27%.

TRADEMARK VIOLATION NOTICE: This article was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this article on another domain, it was copied illegally and republished in violation of international trademark & copyright legislation. The original version of this article can be accessed at https://www.thecerbatgem.com/2017/09/13/southern-company-the-so-shares-sold-by-appleton-partners-inc-ma.html.

Southern Company (The) 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.

Want to see what other hedge funds are holding SO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Southern Company (The) (NYSE:SO).

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

Receive News & Stock Ratings for Southern Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southern Company (The) and related stocks with our FREE daily email newsletter.