Global X Management Co. LLC lifted its stake in Southern Company (The) (NYSE:SO) by 4.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 184,333 shares of the utilities provider’s stock after buying an additional 8,030 shares during the period. Global X Management Co. LLC’s holdings in Southern Company (The) were worth $8,826,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Bartlett & Co. LLC grew its position in shares of Southern Company (The) by 0.3% in the 2nd quarter. Bartlett & Co. LLC now owns 4,813 shares of the utilities provider’s stock valued at $230,000 after buying an additional 14 shares during the last quarter. Sfmg LLC grew its position in shares of Southern Company (The) by 0.4% in the 1st quarter. Sfmg LLC now owns 6,406 shares of the utilities provider’s stock valued at $319,000 after buying an additional 28 shares during the last quarter. Regal Investment Advisors LLC grew its position in shares of Southern Company (The) by 0.4% in the 1st quarter. Regal Investment Advisors LLC now owns 7,990 shares of the utilities provider’s stock valued at $398,000 after buying an additional 29 shares during the last quarter. Jackson Grant Investment Advisers Inc. grew its position in shares of Southern Company (The) by 1.1% in the 1st quarter. Jackson Grant Investment Advisers Inc. now owns 3,279 shares of the utilities provider’s stock valued at $163,000 after buying an additional 36 shares during the last quarter. Finally, Financial Advisory Service Inc. grew its position in shares of Southern Company (The) by 1.0% in the 2nd quarter. Financial Advisory Service Inc. now owns 4,249 shares of the utilities provider’s stock valued at $203,000 after buying an additional 40 shares during the last quarter. 53.28% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts recently weighed in on SO shares. Zacks Investment Research cut shares of Southern Company (The) from a “hold” rating to a “sell” rating in a research note on Friday, June 16th. Morgan Stanley decreased their price target on shares of Southern Company (The) from $53.00 to $51.00 and set an “underweight” rating for the company in a research note on Friday, June 23rd. BidaskClub cut shares of Southern Company (The) from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 24th. Royal Bank Of Canada decreased their price target on shares of Southern Company (The) from $54.00 to $53.00 and set a “sector perform” rating for the company in a research note on Wednesday, June 28th. Finally, Macquarie upgraded shares of Southern Company (The) from a “neutral” rating to an “outperform” rating and set a $52.00 price target for the company in a research note on Monday, July 10th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $49.29.

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In other news, EVP Christopher C. Womack sold 75,144 shares of the business’s stock in a transaction 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 transaction, the executive vice president now owns 85,298 shares of the company’s stock, valued at $4,204,338.42. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.74% of the company’s stock.

Shares of Southern Company (SO) opened at 48.52 on Thursday. The firm has a market cap of $48.49 billion, a PE ratio of 79.80 and a beta of 0.13. Southern Company has a 1-year low of $46.20 and a 1-year high of $53.73. The stock has a 50 day moving average of $48.99 and a 200 day moving average of $49.45.

Southern Company (The) (NYSE:SO) last released its earnings results on Wednesday, August 2nd. The utilities provider reported $0.73 earnings per share for the quarter, beating the 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 firm had revenue of $5.43 billion during the quarter, compared to analyst estimates of $5.23 billion. During the same quarter in the previous year, the firm earned $0.74 earnings per share. The firm’s revenue for the quarter was up 21.7% compared to the same quarter last year. Equities research analysts anticipate that Southern Company will post $2.94 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 6th. Stockholders of record on Monday, August 21st were issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 4.78%. The ex-dividend date of this dividend was Thursday, August 17th. Southern Company (The)’s dividend payout ratio (DPR) is 346.27%.

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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