LMR Partners LLP increased its stake in Southern Company (The) (NYSE:SO) by 186.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 30,561 shares of the utilities provider’s stock after purchasing an additional 19,897 shares during the quarter. LMR Partners LLP’s holdings in Southern Company (The) were worth $1,463,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Pathstone Family Office LLC bought a new position in Southern Company (The) during the first quarter valued at $170,000. Epoch Investment Partners Inc. increased its position in 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 worth $161,765,000 after buying an additional 154,093 shares during the last quarter. Pennsylvania Trust Co increased its position in Southern Company (The) by 38.2% in the second quarter. Pennsylvania Trust Co now owns 33,700 shares of the utilities provider’s stock worth $1,614,000 after buying an additional 9,314 shares during the last quarter. First National Bank of Omaha increased its position in Southern Company (The) by 0.5% in the second quarter. First National Bank of Omaha now owns 15,070 shares of the utilities provider’s stock worth $721,000 after buying an additional 70 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its position in 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 worth $9,844,000 after buying an additional 24,248 shares during the last quarter. 53.28% of the stock is currently owned by institutional investors.

Shares of Southern Company (NYSE:SO) opened at 49.14 on Tuesday. The stock has a market capitalization of $49.11 billion, a P/E ratio of 80.82 and a beta of 0.13. Southern Company has a one year low of $46.20 and a one year high of $52.23. The stock has a 50 day moving average of $49.00 and a 200-day moving average of $49.38.

Southern Company (The) (NYSE:SO) last posted its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.73 EPS for the quarter, topping the 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 firm had revenue of $5.43 billion during the quarter, compared to analyst estimates of $5.23 billion. During the same period in the prior year, the business posted $0.74 EPS. Southern Company (The)’s revenue was up 21.7% on a year-over-year basis. Equities analysts forecast that Southern Company will post $2.94 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 6th. Shareholders of record on Monday, August 21st were issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 4.72%. The ex-dividend date was Thursday, August 17th. Southern Company (The)’s dividend payout ratio is presently 346.27%.

In other Southern Company (The) news, EVP Christopher C. Womack sold 75,144 shares of the company’s stock in a transaction dated 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 accessible through this link. Insiders own 0.74% of the company’s stock.

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Several brokerages have issued reports on SO. Jefferies Group LLC restated a “buy” rating and issued a $55.00 target price on shares of Southern Company (The) in a research note on Wednesday, July 19th. Barclays PLC reaffirmed a “buy” rating and set a $54.00 price target on shares of Southern Company (The) in a research report on Tuesday, July 25th. Deutsche Bank AG upgraded Southern Company (The) from a “hold” rating to a “buy” rating and increased their price target for the stock from $50.00 to $52.00 in a research note on Tuesday, August 1st. Mizuho upgraded Southern Company (The) from a “neutral” rating to a “buy” rating and set a $53.00 price target for the company in a research note on Tuesday, September 5th. Finally, Guggenheim raised Southern Company (The) from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $49.00 to $56.00 in a report on Thursday, September 14th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company. Southern Company (The) currently has a consensus rating of “Hold” and a consensus target price of $49.29.

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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