Sigma Planning Corp boosted its holdings in shares of Southern Company (The) (NYSE:SO) by 4.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 54,424 shares of the utilities provider’s stock after acquiring an additional 2,155 shares during the quarter. Sigma Planning Corp’s holdings in Southern Company (The) were worth $2,606,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Rhumbline Advisers raised its position in Southern Company (The) by 1.5% during the second quarter. Rhumbline Advisers now owns 1,722,609 shares of the utilities provider’s stock valued at $82,479,000 after acquiring an additional 24,911 shares in the last quarter. Teacher Retirement System of Texas raised its position in Southern Company (The) by 1.1% during the second quarter. Teacher Retirement System of Texas now owns 10,367 shares of the utilities provider’s stock valued at $496,000 after acquiring an additional 114 shares in the last quarter. DekaBank Deutsche Girozentrale raised its position in Southern Company (The) by 2.6% during the second quarter. DekaBank Deutsche Girozentrale now owns 316,205 shares of the utilities provider’s stock valued at $15,414,000 after acquiring an additional 8,144 shares in the last quarter. First Trust Advisors LP raised its position in Southern Company (The) by 4.3% during the second quarter. First Trust Advisors LP now owns 1,860,204 shares of the utilities provider’s stock valued at $89,067,000 after acquiring an additional 76,428 shares in the last quarter. Finally, National Planning Corp raised its position in Southern Company (The) by 7.6% during the second quarter. National Planning Corp now owns 43,623 shares of the utilities provider’s stock valued at $2,079,000 after acquiring an additional 3,081 shares in the last quarter. 53.28% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts recently weighed in on the stock. Credit Suisse Group raised shares of Southern Company (The) from an “underperform” rating to a “neutral” rating in a research report on Thursday, August 3rd. Jefferies Group LLC reaffirmed a “buy” rating and set a $55.00 price objective on shares of Southern Company (The) in a research report on Wednesday, July 19th. Citigroup Inc. raised their price objective on shares of Southern Company (The) from $42.00 to $43.00 and gave the company a “sell” rating in a research report on Wednesday, July 26th. BidaskClub lowered shares of Southern Company (The) from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Finally, Royal Bank Of Canada raised shares of Southern Company (The) from a “sector perform” rating to an “outperform” rating and set a $53.00 price objective on the stock in a research report on Friday. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $49.29.

Southern Company (NYSE SO) opened at 49.14 on Friday. Southern Company has a 52-week low of $46.20 and a 52-week high of $53.73. The company has a market cap of $49.11 billion, a price-to-earnings ratio of 80.82 and a beta of 0.13. 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 posted its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $5.23 billion. During the same quarter in the prior year, the business earned $0.74 EPS. The firm’s revenue for the quarter was up 21.7% on a year-over-year basis. On average, analysts forecast that Southern Company will post $2.94 EPS for the current 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 $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 4.72%. The ex-dividend date was Thursday, August 17th. Southern Company (The)’s dividend payout ratio (DPR) is presently 346.27%.

In related news, EVP Christopher C. Womack sold 75,144 shares of the 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 sale, the executive vice president now owns 85,298 shares in the company, valued at approximately $4,204,338.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

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Southern Company (The) Company 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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