KBC Group NV raised its stake in Southern Company (The) (NYSE:SO) by 13.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 106,718 shares of the utilities provider’s stock after acquiring an additional 12,706 shares during the quarter. KBC Group NV’s holdings in Southern Company (The) were worth $5,110,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in SO. Waldron LP bought a new position in Southern Company (The) in the 1st quarter valued at about $216,000. Welch Group LLC grew its position in shares of Southern Company (The) by 4.1% during the 1st quarter. Welch Group LLC now owns 308,301 shares of the utilities provider’s stock worth $15,347,000 after purchasing an additional 12,250 shares in the last quarter. Eqis Capital Management Inc. grew its position in shares of Southern Company (The) by 12.1% during the 1st quarter. Eqis Capital Management Inc. now owns 17,899 shares of the utilities provider’s stock worth $891,000 after purchasing an additional 1,931 shares in the last quarter. Nwam LLC grew its position in shares of Southern Company (The) by 20.1% during the 1st quarter. Nwam LLC now owns 7,926 shares of the utilities provider’s stock worth $395,000 after purchasing an additional 1,325 shares in the last quarter. Finally, Strategic Financial Group LLC grew its position in shares of Southern Company (The) by 5.0% during the 1st quarter. Strategic Financial Group LLC now owns 5,269 shares of the utilities provider’s stock worth $262,000 after purchasing an additional 250 shares in the last quarter. 53.28% of the stock is currently owned by hedge funds and other institutional investors.

In other Southern Company (The) 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 value 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 approximately $4,204,338.42. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.00% of the stock is owned by insiders.

Several analysts recently issued reports on the stock. Credit Suisse Group AG upgraded shares of Southern Company (The) from an “underperform” rating to a “neutral” rating in a research report on Thursday, August 3rd. Jefferies Group LLC reiterated a “buy” rating and set a $55.00 price target on shares of Southern Company (The) in a research report on Wednesday, July 19th. Citigroup Inc. increased their price target on shares of Southern Company (The) from $42.00 to $43.00 and gave the stock 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 upgraded shares of Southern Company (The) from a “sector perform” rating to an “outperform” rating and set a $53.00 price target on the stock in a research report on Friday, September 29th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $48.90.

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Shares of Southern Company (SO) opened at 49.36 on Friday. Southern Company has a 12 month low of $46.20 and a 12 month high of $52.23. The firm has a market cap of $49.33 billion, a price-to-earnings ratio of 81.18 and a beta of 0.13. The firm has a 50-day moving average of $49.02 and a 200-day moving average of $49.37.

Southern Company (The) (NYSE:SO) last released its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.73 EPS 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 business had revenue of $5.43 billion during the quarter, compared to analysts’ expectations of $5.23 billion. During the same quarter in the previous year, the company earned $0.74 EPS. The business’s quarterly revenue was up 21.7% compared to the same quarter last year. On average, analysts anticipate that Southern Company will post $2.95 EPS 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 paid a $0.58 dividend. The ex-dividend date of this dividend was Thursday, August 17th. This represents a $2.32 dividend on an annualized basis and a yield of 4.70%. Southern Company (The)’s dividend payout ratio is presently 346.27%.

About Southern Company (The)

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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