Morningstar Investment Services LLC boosted its position in shares of Southern Company (The) (NYSE:SO) by 2.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,152,245 shares of the utilities provider’s stock after buying an additional 30,265 shares during the period. Southern Company (The) accounts for about 1.3% of Morningstar Investment Services LLC’s portfolio, making the stock its 23rd largest holding. Morningstar Investment Services LLC owned 0.12% of Southern Company (The) worth $55,170,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Chicago Partners Investment Group LLC acquired a new position in shares of Southern Company (The) during the 2nd quarter worth approximately $100,000. Symmetry Partners LLC purchased a new stake in shares of Southern Company (The) in the first quarter valued at approximately $103,000. Stuart Chaussee & Associates Inc. grew its position in shares of Southern Company (The) by 358.8% in the first quarter. Stuart Chaussee & Associates Inc. now owns 2,225 shares of the utilities provider’s stock valued at $111,000 after purchasing an additional 1,740 shares in the last quarter. IHT Wealth Management LLC increased its holdings in shares of Southern Company (The) by 15.3% in the first quarter. IHT Wealth Management LLC now owns 2,281 shares of the utilities provider’s stock valued at $115,000 after purchasing an additional 302 shares during the last quarter. Finally, AlphaMark Advisors LLC increased its holdings 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 last quarter. Institutional investors own 53.28% of the company’s stock.

Shares of Southern Company (NYSE:SO) opened at 48.79 on Wednesday. Southern Company has a 12-month low of $46.20 and a 12-month high of $52.23. The stock has a market cap of $48.76 billion, a P/E ratio of 80.25 and a beta of 0.13. The company has a 50 day moving average price of $49.00 and a 200 day moving average price of $49.37.

Southern Company (The) (NYSE:SO) last released its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.02. The business had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.23 billion. Southern Company (The) had a return on equity of 11.30% and a net margin of 2.93%. The business’s revenue for the quarter was up 21.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.74 EPS. Analysts anticipate that Southern Company will post $2.95 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 6th. Shareholders of record on Monday, August 21st were given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 4.76%. The ex-dividend date of this dividend was Thursday, August 17th. Southern Company (The)’s dividend payout ratio (DPR) 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 transaction of $3,703,847.76. Following the completion of the sale, the executive vice president now directly owns 85,298 shares in the company, valued at $4,204,338.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.74% of the stock is currently owned by insiders.

SO has been the subject of several analyst reports. Guggenheim upgraded Southern Company (The) from a “neutral” rating to a “buy” rating and upped their target price for the company from $49.00 to $56.00 in a report on Thursday, September 14th. Citigroup Inc. reiterated a “sell” rating and set a $44.00 price target (up previously from $43.00) on shares of Southern Company (The) in a report on Tuesday. BidaskClub upgraded Southern Company (The) from a “strong sell” rating to a “sell” rating in a report on Monday, July 24th. Jefferies Group LLC reissued a “buy” rating and set a $55.00 price target on shares of Southern Company (The) in a research report on Wednesday, July 19th. Finally, Mizuho raised shares of Southern Company (The) from a “neutral” rating to a “buy” rating and set a $53.00 price objective for the company in a report on Tuesday, September 5th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company. Southern Company (The) has a consensus rating of “Hold” and a consensus price target of $49.37.

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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.

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

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