Numeric Investors LLC cut its stake in Southern Company (The) (NYSE:SO) by 5.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,900 shares of the utilities provider’s stock after selling 1,500 shares during the quarter. Numeric Investors LLC’s holdings in Southern Company (The) were worth $1,336,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in SO. BlackRock Inc. increased its stake in shares of Southern Company (The) by 2,961.9% in the 1st quarter. BlackRock Inc. now owns 62,067,822 shares of the utilities provider’s stock valued at $3,089,736,000 after acquiring an additional 60,040,696 shares during the last quarter. Vanguard Group Inc. increased its stake in Southern Company (The) by 4.1% during the 1st quarter. Vanguard Group Inc. now owns 68,758,138 shares of the utilities provider’s stock worth $3,422,780,000 after purchasing an additional 2,688,854 shares in the last quarter. Franklin Resources Inc. increased its stake in Southern Company (The) by 3.6% during the 2nd quarter. Franklin Resources Inc. now owns 22,379,839 shares of the utilities provider’s stock worth $1,071,547,000 after purchasing an additional 770,413 shares in the last quarter. Marshall Wace North America L.P. bought a new stake in Southern Company (The) during the 2nd quarter worth approximately $35,701,000. Finally, Geode Capital Management LLC increased its stake in Southern Company (The) by 8.2% during the 1st quarter. Geode Capital Management LLC now owns 9,573,271 shares of the utilities provider’s stock worth $475,877,000 after purchasing an additional 724,650 shares in the last quarter. 53.08% of the stock is owned by institutional investors.

TRADEMARK VIOLATION NOTICE: “Southern Company (The) (SO) Stake Lowered by Numeric Investors LLC” was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this article on another publication, it was stolen and reposted in violation of US and international trademark & copyright laws. The correct version of this article can be viewed at https://www.thecerbatgem.com/2017/11/08/southern-company-the-so-stake-lowered-by-numeric-investors-llc.html.

In other news, insider Ann P. Daiss sold 5,000 shares of the stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $52.28, for a total value of $261,400.00. Following the completion of the sale, the insider now owns 7,394 shares of the company’s stock, valued at approximately $386,558.32. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO William P. Bowers sold 85,151 shares of the stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $50.00, for a total value of $4,257,550.00. The disclosure for this sale can be found here. In the last three months, insiders sold 213,813 shares of company stock valued at $11,029,988. 0.74% of the stock is currently owned by insiders.

A number of analysts recently issued reports on SO shares. Zacks Investment Research cut Southern Company (The) from a “hold” rating to a “sell” rating in a research note on Monday, September 11th. Deutsche Bank AG raised Southern Company (The) from a “hold” rating to a “buy” rating and increased their target price for the stock from $50.00 to $52.00 in a research note on Tuesday, August 1st. Guggenheim raised Southern Company (The) from a “neutral” rating to a “buy” rating and increased their target price for the stock from $49.00 to $56.00 in a research note on Thursday, September 14th. Mizuho raised Southern Company (The) from a “neutral” rating to a “buy” rating and set a $53.00 target price for the company in a research note on Tuesday, September 5th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $53.00 target price on shares of Southern Company (The) in a research note on Monday, July 31st. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $49.72.

Shares of Southern Company (NYSE SO) opened at $51.72 on Wednesday. The company has a market capitalization of $51,837.39, a P/E ratio of 18.78, a PEG ratio of 4.67 and a beta of 0.15. The company has a quick ratio of 0.57, a current ratio of 0.73 and a debt-to-equity ratio of 1.73. Southern Company has a twelve month low of $46.20 and a twelve month high of $53.51.

Southern Company (The) (NYSE:SO) last released its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $1.12 EPS for the quarter, beating the consensus estimate of $1.08 by $0.04. The company had revenue of $6.20 billion during the quarter, compared to the consensus estimate of $6.16 billion. Southern Company (The) had a return on equity of 10.81% and a net margin of 2.59%. The firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.27 EPS. analysts forecast that Southern Company will post 2.95 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Monday, November 20th will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 4.49%. The ex-dividend date of this dividend is Friday, November 17th. Southern Company (The)’s payout ratio is presently 414.29%.

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)

Receive News & Stock Ratings for Southern Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southern Company (The) and related stocks with our FREE daily email newsletter.