Baldwin Brothers Inc. MA continued to hold its stake in shares of Southern Company (The) (NYSE:SO) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,500 shares of the utilities provider’s stock at the close of the 2nd quarter. Baldwin Brothers Inc. MA’s holdings in Southern Company (The) were worth $407,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Pathstone Family Office LLC acquired a new stake in shares of Southern Company (The) in the first quarter valued at approximately $170,000. Epoch Investment Partners Inc. increased its stake in shares of Southern Company (The) by 5.0% in the first quarter. Epoch Investment Partners Inc. now owns 3,249,597 shares of the utilities provider’s stock valued at $161,765,000 after purchasing an additional 154,093 shares during the period. Cambridge Investment Research Advisors Inc. increased its stake in shares of Southern Company (The) by 14.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 197,743 shares of the utilities provider’s stock valued at $9,844,000 after purchasing an additional 24,248 shares during the period. AlphaMark Advisors LLC increased its stake in shares of 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 purchasing an additional 1,260 shares during the period. Finally, Stifel Financial Corp increased its stake in shares of 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 purchasing an additional 81,148 shares during the period. Institutional investors own 53.28% of the company’s stock.

In related news, EVP Christopher C. Womack sold 75,144 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $49.29, for a total transaction 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 legal filing with the SEC, which is available at this link. Insiders own 0.74% of the company’s stock.

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Southern Company (NYSE:SO) traded down 0.99% on Monday, hitting $50.14. 1,471,613 shares of the company were exchanged. The firm has a market cap of $50.11 billion, a price-to-earnings ratio of 82.47 and a beta of 0.13. Southern Company has a one year low of $46.20 and a one year high of $53.73. The stock has a 50 day moving average price of $48.86 and a 200 day moving average price of $49.47.

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

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

Several equities research analysts have commented on SO shares. Jefferies Group LLC restated a “buy” rating and issued a $55.00 price target on shares of Southern Company (The) in a research note on Wednesday, July 19th. Barclays PLC restated a “buy” rating and issued a $54.00 price target on shares of Southern Company (The) in a research note on Tuesday, July 25th. Deutsche Bank AG upgraded shares of Southern Company (The) from a “hold” rating to a “buy” rating and raised their price target for the company from $50.00 to $52.00 in a research note on Tuesday, August 1st. Mizuho upgraded shares of Southern Company (The) from a “neutral” rating to a “buy” rating and set a $53.00 price target on the stock in a research note on Tuesday, September 5th. Finally, Guggenheim upgraded shares of Southern Company (The) from a “neutral” rating to a “buy” rating and raised their price target for the company from $49.00 to $56.00 in a research note on Thursday. 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 company currently has a consensus rating of “Hold” and an average price target of $49.63.

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.

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

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