Loring Wolcott & Coolidge Fiduciary Advisors LLP MA maintained its position in shares of Southern Company (The) (NYSE:SO) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,995 shares of the utilities provider’s stock at the end of the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Southern Company (The) were worth $239,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in SO. Chicago Partners Investment Group LLC bought a new stake in shares of Southern Company (The) in the 2nd quarter valued at $100,000. Symmetry Partners LLC bought a new stake in Southern Company (The) during the 1st quarter valued at $103,000. Stuart Chaussee & Associates Inc. increased its stake 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 valued at $111,000 after purchasing an additional 1,740 shares in the last quarter. IHT Wealth Management LLC increased its stake 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 valued at $115,000 after purchasing an additional 302 shares in the last quarter. Finally, AlphaMark Advisors LLC increased its stake 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 valued at $117,000 after purchasing an additional 1,260 shares in the last quarter. Institutional investors own 53.27% of the company’s stock.

SO has been the subject of a number of recent research reports. Guggenheim upgraded shares of Southern Company (The) from a “neutral” rating to a “buy” rating and boosted their price target for the company from $49.00 to $56.00 in a research note on Thursday, September 14th. Citigroup Inc. restated 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, October 3rd. BidaskClub upgraded 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 restated 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 upgraded shares of 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. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the stock. Southern Company (The) presently has a consensus rating of “Hold” and a consensus target price of $49.44.

Southern Company (NYSE SO) opened at 50.74 on Friday. Southern Company has a 12-month low of $46.20 and a 12-month high of $52.23. The stock has a market capitalization of $50.71 billion, a P/E ratio of 83.45 and a beta of 0.13. The firm’s 50-day moving average is $49.31 and its 200-day moving average is $49.35.

Southern Company (The) (NYSE:SO) last issued its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.73 earnings per share for the quarter, beating 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 the consensus estimate of $5.23 billion. During the same period last year, the company earned $0.74 earnings per share. The company’s revenue was up 21.7% on a year-over-year basis. Analysts predict that Southern Company will post $2.95 EPS for the current fiscal year.

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In other news, CEO William P. Bowers sold 85,151 shares of the firm’s stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $50.00, for a total transaction of $4,257,550.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Christopher C. Womack sold 75,144 shares of the firm’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 transaction, the executive vice president now owns 85,298 shares of the company’s stock, valued at $4,204,338.42. The disclosure for this sale can be found here. 1.00% of the stock is owned by company 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.

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

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