Cetera Investment Advisers trimmed its position in shares of Southern Company (The) (NYSE:SO) by 9.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,771 shares of the utilities provider’s stock after selling 1,572 shares during the period. Cetera Investment Advisers’ holdings in Southern Company (The) were worth $757,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of SO. Chicago Partners Investment Group LLC purchased a new stake in shares of Southern Company (The) during the 2nd quarter worth approximately $100,000. Monroe Bank & Trust MI raised its holdings in shares of Southern Company (The) by 17.9% during the 2nd quarter. Monroe Bank & Trust MI now owns 2,300 shares of the utilities provider’s stock worth $110,000 after acquiring an additional 350 shares in the last quarter. AlphaMark Advisors LLC raised its holdings in shares of Southern Company (The) by 0.6% during the 2nd quarter. AlphaMark Advisors LLC now owns 2,363 shares of the utilities provider’s stock worth $113,000 after acquiring an additional 14 shares in the last quarter. IHT Wealth Management LLC raised its holdings in shares of 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 in the last quarter. Finally, Ruggie Capital Group raised its holdings in shares of Southern Company (The) by 228.0% during the 1st quarter. Ruggie Capital Group now owns 2,578 shares of the utilities provider’s stock worth $128,000 after acquiring an additional 1,792 shares in the last quarter. 52.88% of the stock is currently owned by institutional investors and hedge funds.

Southern Company (SO) opened at $50.97 on Friday. The company has a market capitalization of $52,130.00, a price-to-earnings ratio of 19.02, a price-to-earnings-growth ratio of 4.73 and a beta of 0.15. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.73 and a quick ratio of 0.57. Southern Company has a 12-month low of $46.20 and a 12-month high of $53.51.

Southern Company (The) (NYSE:SO) last announced its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $1.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.04. The company had revenue of $6.20 billion for 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%. Southern Company (The)’s quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.27 EPS. equities research analysts expect that Southern Company will post 2.95 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 6th. Shareholders of record on Monday, November 20th will be given a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 4.55%. The ex-dividend date of this dividend is Friday, November 17th. Southern Company (The)’s dividend payout ratio (DPR) is presently 414.29%.

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In other Southern Company (The) news, VP James Y. Kerr II sold 25,000 shares of the company’s stock in a transaction on Friday, October 20th. The stock was sold at an average price of $52.16, for a total value of $1,304,000.00. Following the transaction, the vice president now owns 26,000 shares of the company’s stock, valued at approximately $1,356,160. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO William P. Bowers sold 85,151 shares of the company’s stock in a transaction 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. Insiders sold a total of 213,813 shares of company stock worth $11,029,988 in the last ninety days. 1.00% of the stock is currently owned by corporate insiders.

Several analysts have recently issued reports on SO shares. Zacks Investment Research cut Southern Company (The) from a “hold” rating to a “sell” rating in a report on Monday, September 11th. Jefferies Group LLC reaffirmed a “buy” rating and set a $56.00 price objective (up from $55.00) on shares of Southern Company (The) in a report on Tuesday, September 12th. KeyCorp reaffirmed a “hold” rating on shares of Southern Company (The) in a report on Friday, September 1st. Mizuho raised Southern Company (The) from a “neutral” rating to a “buy” rating and set a $53.00 price objective on the stock in a report on Tuesday, September 5th. Finally, Bank of America Corporation reaffirmed an “underperform” rating and set a $51.00 price objective on shares of Southern Company (The) in a report on Tuesday, October 24th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $49.72.

Southern Company (The) 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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