ARS Investment Partners LLC lowered its position in shares of Southern Company (The) (NYSE:SO) by 3.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 37,387 shares of the utilities provider’s stock after selling 1,404 shares during the quarter. ARS Investment Partners LLC’s holdings in Southern Company (The) were worth $1,790,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Waldron LP purchased a new position in Southern Company (The) during the first quarter worth approximately $216,000. Welch Group LLC raised its stake in Southern Company (The) by 4.1% during the first 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 during the period. Eqis Capital Management Inc. raised its stake in Southern Company (The) by 12.1% during the first 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 during the period. Nwam LLC raised its stake in Southern Company (The) by 20.1% during the first quarter. Nwam LLC now owns 7,926 shares of the utilities provider’s stock worth $395,000 after purchasing an additional 1,325 shares during the period. Finally, Strategic Financial Group LLC raised its stake in Southern Company (The) by 5.0% during the first 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 during the period. Hedge funds and other institutional investors own 53.28% of the company’s stock.

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A number of equities analysts have weighed in on SO shares. Guggenheim raised shares of Southern Company (The) from a “neutral” rating to a “buy” rating and increased their price target for the stock from $49.00 to $56.00 in a research note on Thursday, September 14th. Citigroup Inc. reaffirmed a “sell” rating and set a $44.00 price target (up previously from $43.00) on shares of Southern Company (The) in a research note on Tuesday. BidaskClub raised shares of Southern Company (The) from a “strong sell” rating to a “sell” rating in a research note on Monday, July 24th. Jefferies Group LLC reaffirmed a “buy” rating and set a $55.00 price target on shares of Southern Company (The) in a research note 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 target on the stock in a research note on Tuesday, September 5th. Three analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $48.90.

Shares of Southern Company (NYSE:SO) opened at 49.59 on Friday. Southern Company has a 1-year low of $46.20 and a 1-year high of $52.23. The stock has a market cap of $49.56 billion, a P/E ratio of 81.56 and a beta of 0.13. The company’s 50-day moving average is $49.06 and its 200 day moving average is $49.36.

Southern Company (The) (NYSE:SO) last issued its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.73 earnings per share 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 period in the previous year, the company earned $0.74 earnings per share. Southern Company (The)’s revenue for the quarter was up 21.7% on a year-over-year basis. Equities research analysts anticipate that Southern Company will post $2.95 EPS for the current year.

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 value 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 filing with the Securities & Exchange Commission, which is available through this link. 1.00% of the stock is currently owned by insiders.

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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