Orleans Capital Management Corp LA lessened its position in Southern Company (The) (NYSE:SO) by 0.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 65,202 shares of the utilities provider’s stock after selling 550 shares during the period. Southern Company (The) comprises approximately 2.2% of Orleans Capital Management Corp LA’s holdings, making the stock its 15th biggest holding. Orleans Capital Management Corp LA’s holdings in Southern Company (The) were worth $3,122,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Captrust Financial Advisors acquired a new stake in shares of Southern Company (The) in the 2nd quarter valued at $854,000. Fiera Capital Corp boosted its stake in shares of Southern Company (The) by 4.3% in the 2nd quarter. Fiera Capital Corp now owns 34,294 shares of the utilities provider’s stock valued at $1,642,000 after purchasing an additional 1,399 shares in the last quarter. Jackson Grant Investment Advisers Inc. boosted its stake in shares of Southern Company (The) by 1.2% in the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 3,317 shares of the utilities provider’s stock valued at $159,000 after purchasing an additional 38 shares in the last quarter. Pathstone Family Office LLC acquired a new stake in shares of Southern Company (The) in the 1st quarter valued at $170,000. Finally, Epoch Investment Partners Inc. boosted its stake in shares of Southern Company (The) by 5.0% in the 1st quarter. Epoch Investment Partners Inc. now owns 3,249,597 shares of the utilities provider’s stock valued at $161,765,000 after purchasing an additional 154,093 shares in the last quarter. Institutional investors own 52.88% of the company’s stock.

In other news, insider Ann P. Daiss sold 5,000 shares of the company’s stock in a transaction dated 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 directly owns 7,394 shares of the company’s stock, valued at approximately $386,558.32. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO William P. Bowers sold 85,151 shares of the company’s stock in a transaction dated 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. Insiders have sold a total of 213,813 shares of company stock valued at $11,029,988 over the last three months. Company insiders own 1.00% of the company’s stock.

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Shares of Southern Company (NYSE:SO) opened at $51.94 on Friday. The firm has a market capitalization of $52,108.37, a PE ratio of 18.88, a price-to-earnings-growth ratio of 4.69 and a beta of 0.15. Southern Company has a twelve month low of $46.20 and a twelve month high of $53.51. The company has a current ratio of 0.73, a quick ratio of 0.57 and a debt-to-equity ratio of 1.73.

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

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 6th. Shareholders of record on Monday, November 20th will be issued a dividend of $0.58 per share. The ex-dividend date is Friday, November 17th. This represents a $2.32 annualized dividend and a yield of 4.47%. Southern Company (The)’s dividend payout ratio is currently 414.29%.

A number of research analysts recently issued reports on the company. Zacks Investment Research raised Southern Company (The) from a “sell” rating to a “hold” rating in a report on Friday, November 3rd. Bank of America Corporation reaffirmed an “underperform” rating and issued a $51.00 price target on shares of Southern Company (The) in a report on Tuesday, October 24th. SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $52.00 price target on shares of Southern Company (The) in a report on Friday, October 20th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $56.00 price target (up from $55.00) on shares of Southern Company (The) in a report on Tuesday, September 12th. Finally, Credit Suisse Group raised Southern Company (The) from an “underperform” rating to a “neutral” rating in a report on Thursday, August 3rd. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $49.72.

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.

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

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