NEXT Financial Group Inc grew its stake in shares of Southern Company (The) (NYSE:SO) by 6.8% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,872 shares of the utilities provider’s stock after purchasing an additional 1,644 shares during the quarter. NEXT Financial Group Inc’s holdings in Southern Company (The) were worth $1,239,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of SO. Waldron LP acquired a new position in shares of Southern Company (The) during the 1st quarter worth approximately $216,000. Oakwood Capital Management LLC CA increased its position in shares of Southern Company (The) by 19.8% during the 1st quarter. Oakwood Capital Management LLC CA now owns 74,037 shares of the utilities provider’s stock worth $3,686,000 after purchasing an additional 12,260 shares during the last quarter. State of New Jersey Common Pension Fund D increased its position in shares of Southern Company (The) by 32.2% during the 1st quarter. State of New Jersey Common Pension Fund D now owns 620,000 shares of the utilities provider’s stock worth $30,864,000 after purchasing an additional 151,000 shares during the last quarter. Rand Wealth LLC acquired a new position in shares of Southern Company (The) during the 1st quarter worth approximately $209,000. Finally, Leavell Investment Management Inc. increased its position in shares of Southern Company (The) by 1.7% during the 1st quarter. Leavell Investment Management Inc. now owns 192,645 shares of the utilities provider’s stock worth $9,590,000 after purchasing an additional 3,260 shares during the last quarter. 53.27% of the stock is currently owned by hedge funds and other institutional investors.

In other Southern Company (The) news, EVP Christopher C. Womack sold 75,144 shares of the firm’s stock in a transaction 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 directly owns 85,298 shares of the company’s stock, valued at $4,204,338.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.00% of the company’s stock.

Southern Company (NYSE:SO) traded up 0.48% during mid-day trading on Friday, reaching $50.64. The company had a trading volume of 7,244,756 shares. The stock has a 50-day moving average of $48.86 and a 200 day moving average of $49.47. The company has a market capitalization of $50.61 billion, a price-to-earnings ratio of 83.29 and a beta of 0.13. Southern Company has a 12-month low of $46.20 and a 12-month high of $53.73.

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

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 6th. Shareholders of record on Monday, August 21st were given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 4.58%. The ex-dividend date of this dividend was Thursday, August 17th. Southern Company (The)’s dividend payout ratio is currently 346.27%.

Several research firms have weighed in on SO. 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 on the stock. Credit Suisse Group raised Southern Company (The) from an “underperform” rating to a “neutral” rating in a research report on Thursday, August 3rd. Citigroup Inc. boosted their price target on Southern Company (The) from $42.00 to $43.00 and gave the stock a “sell” rating in a research report on Wednesday, July 26th. Morgan Stanley set a $50.00 price target on Southern Company (The) and gave the stock a “sell” rating in a research report on Thursday, August 10th. Finally, Deutsche Bank AG upgraded Southern Company (The) from a “hold” rating to a “buy” rating and lifted their target price for the stock from $50.00 to $52.00 in a research note on Tuesday, August 1st. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $49.63.

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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.

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

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