Boston Private Wealth LLC lifted its holdings in shares of Southern Company (The) (NYSE:SO) by 12.1% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,591 shares of the utilities provider’s stock after buying an additional 1,251 shares during the period. Boston Private Wealth LLC’s holdings in Southern Company (The) were worth $555,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of SO. Chicago Partners Investment Group LLC bought a new stake in Southern Company (The) during the 2nd quarter worth $100,000. Symmetry Partners LLC bought a new stake in Southern Company (The) during the 1st quarter worth $103,000. Stuart Chaussee & Associates Inc. grew its position in Southern Company (The) by 358.8% during the 1st quarter. Stuart Chaussee & Associates Inc. now owns 2,225 shares of the utilities provider’s stock worth $111,000 after acquiring an additional 1,740 shares during the last quarter. IHT Wealth Management LLC grew its position in Southern Company (The) by 15.3% during the 1st quarter. IHT Wealth Management LLC now owns 2,281 shares of the utilities provider’s stock worth $115,000 after acquiring an additional 302 shares during the last quarter. Finally, AlphaMark Advisors LLC grew its position in Southern Company (The) by 115.7% during the 1st quarter. AlphaMark Advisors LLC now owns 2,349 shares of the utilities provider’s stock worth $117,000 after acquiring an additional 1,260 shares during the last quarter. 53.28% of the stock is owned by institutional investors.

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Shares of Southern Company (NYSE SO) opened at 49.59 on Friday. The firm has a 50 day moving average price of $49.06 and a 200-day moving average price of $49.36. Southern Company has a 52-week low of $46.20 and a 52-week high of $52.23. The company has a market cap of $49.56 billion, a price-to-earnings ratio of 81.56 and a beta of 0.13.

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 the Thomson Reuters’ consensus estimate of $0.71 by $0.02. The firm had revenue of $5.43 billion for 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 company’s quarterly revenue was up 21.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.74 earnings per share. Equities research analysts anticipate that Southern Company will post $2.95 earnings per share for the current year.

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

SO has been the topic of a number of research reports. Jefferies Group LLC restated a “buy” rating and set a $55.00 price objective on shares of Southern Company (The) in a research report on Wednesday, July 19th. Barclays PLC restated a “buy” rating and set a $54.00 price objective 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 boosted their price objective for the stock from $50.00 to $52.00 in a research report on Tuesday, August 1st. Mizuho upgraded Southern Company (The) from a “neutral” rating to a “buy” rating and set a $53.00 price objective on the stock in a research report on Tuesday, September 5th. Finally, Guggenheim upgraded Southern Company (The) from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $49.00 to $56.00 in a research 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’s stock. The company currently has a consensus rating of “Hold” and an average price target of $48.90.

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.

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

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