Achmea Investment Management B.V. lessened its holdings in shares of Southern Company (The) (NYSE:SO) by 82.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,957 shares of the utilities provider’s stock after selling 42,860 shares during the quarter. Achmea Investment Management B.V.’s holdings in Southern Company (The) were worth $428,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Chicago Partners Investment Group LLC bought a new position in shares of Southern Company (The) in the second quarter valued at approximately $100,000. Monroe Bank & Trust MI raised its position in shares of Southern Company (The) by 17.9% in the second quarter. Monroe Bank & Trust MI now owns 2,300 shares of the utilities provider’s stock valued at $110,000 after purchasing an additional 350 shares during the period. AlphaMark Advisors LLC raised its position in shares of Southern Company (The) by 0.6% in the second quarter. AlphaMark Advisors LLC now owns 2,363 shares of the utilities provider’s stock valued at $113,000 after purchasing an additional 14 shares during the period. IHT Wealth Management LLC raised its position in shares of Southern Company (The) by 15.3% in the first 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 during the period. Finally, Ruggie Capital Group raised its position in shares of Southern Company (The) by 228.0% in the first quarter. Ruggie Capital Group now owns 2,578 shares of the utilities provider’s stock valued at $128,000 after purchasing an additional 1,792 shares during the period. 52.64% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of Southern Company (SO) opened at $50.97 on Monday. Southern Company has a 52 week low of $46.20 and a 52 week high of $53.51. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.57 and a current ratio of 0.73. The firm has a market cap of $51,154.92, a price-to-earnings ratio of 18.53, a price-to-earnings-growth ratio of 4.60 and a beta of 0.15.

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

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

Several equities research analysts have recently issued reports on SO shares. Barclays PLC restated a “buy” rating and issued a $54.00 price objective on shares of Southern Company (The) in a research note on Tuesday, July 25th. Deutsche Bank AG upgraded shares of Southern Company (The) from a “hold” rating to a “buy” rating and raised their price objective for the stock from $50.00 to $52.00 in a research note on Tuesday, August 1st. Mizuho upgraded shares of Southern Company (The) from a “neutral” rating to a “buy” rating and set a $53.00 price objective on the stock in a research note on Tuesday, September 5th. Jefferies Group LLC restated a “buy” rating and issued a $56.00 price objective (up previously from $55.00) on shares of Southern Company (The) in a research note on Tuesday, September 12th. Finally, Guggenheim upgraded shares of Southern Company (The) from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $49.00 to $56.00 in a research note on Thursday, September 14th. 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 stock. The stock has a consensus rating of “Hold” and an average price target of $49.72.

In other Southern Company (The) news, VP James Y. Kerr II sold 25,000 shares of Southern Company (The) stock in a transaction on Friday, October 20th. The stock was sold at an average price of $52.16, for a total transaction of $1,304,000.00. Following the completion of the transaction, the vice president now directly owns 26,000 shares of the company’s stock, valued at $1,356,160. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO William P. Bowers sold 85,151 shares of Southern Company (The) 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 have sold 213,813 shares of company stock worth $11,029,988 in the last quarter. Corporate insiders own 0.74% of the company’s stock.

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.

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

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