Sabal Trust CO boosted its stake in Southern Company (The) (NYSE:SO) by 6.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 484,160 shares of the utilities provider’s stock after acquiring an additional 27,639 shares during the period. Southern Company (The) accounts for approximately 2.4% of Sabal Trust CO’s holdings, making the stock its 28th biggest holding. Sabal Trust CO’s holdings in Southern Company (The) were worth $23,792,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in SO. Ronald Blue & Co. LLC boosted its holdings in shares of Southern Company (The) by 2.3% during the 1st quarter. Ronald Blue & Co. LLC now owns 16,714 shares of the utilities provider’s stock valued at $832,000 after buying an additional 371 shares in the last quarter. USS Investment Management Ltd boosted its holdings in shares of Southern Company (The) by 8.6% during the 1st quarter. USS Investment Management Ltd now owns 114,429 shares of the utilities provider’s stock valued at $5,697,000 after buying an additional 9,100 shares in the last quarter. Donaldson Capital Management LLC boosted its holdings in shares of Southern Company (The) by 3.3% during the 1st quarter. Donaldson Capital Management LLC now owns 11,639 shares of the utilities provider’s stock valued at $579,000 after buying an additional 375 shares in the last quarter. Bank of The Ozarks boosted its holdings in shares of Southern Company (The) by 8.4% during the 1st quarter. Bank of The Ozarks now owns 10,548 shares of the utilities provider’s stock valued at $525,000 after buying an additional 818 shares in the last quarter. Finally, Prudential Financial Inc. boosted its holdings in shares of Southern Company (The) by 1.1% during the 1st quarter. Prudential Financial Inc. now owns 1,401,510 shares of the utilities provider’s stock valued at $69,767,000 after buying an additional 14,910 shares in the last quarter. Institutional investors and hedge funds own 52.64% of the company’s stock.

A number of analysts have recently commented on SO shares. Barclays PLC restated a “buy” rating and set a $54.00 target price on shares of Southern Company (The) in a report on Tuesday, July 25th. Citigroup Inc. boosted their target price on shares of Southern Company (The) from $42.00 to $43.00 and gave the company a “sell” rating in a report on Wednesday, July 26th. Royal Bank Of Canada restated a “hold” rating and set a $53.00 target price on shares of Southern Company (The) in a report on Monday, July 31st. Deutsche Bank AG upgraded shares of Southern Company (The) from a “hold” rating to a “buy” rating and boosted their target price for the company from $50.00 to $52.00 in a report on Tuesday, August 1st. Finally, J P Morgan Chase & Co started coverage on Southern Company (The) in a research report on Tuesday, August 1st. They issued an “overweight” rating for the company. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company’s stock. Southern Company (The) has an average rating of “Hold” and an average target price of $49.72.

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In other news, VP James Y. Kerr II sold 25,000 shares of the company’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $52.16, for a total transaction of $1,304,000.00. Following the completion of the sale, the vice president now owns 26,000 shares of the company’s stock, valued at approximately $1,356,160. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction 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 owned by insiders.

Southern Company (SO) opened at $51.30 on Wednesday. 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 current ratio of 0.73 and a quick ratio of 0.57. The firm has a market capitalization of $51,365.68, a PE ratio of 18.61, a price-to-earnings-growth ratio of 4.62 and a beta of 0.15.

Southern Company (The) (NYSE:SO) last issued its 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 return on equity of 10.81% and a net margin of 2.59%. The business had revenue of $6.20 billion during the quarter, compared to analyst estimates of $6.16 billion. During the same quarter in the previous year, the firm earned $1.27 EPS. Southern Company (The)’s revenue was down 1.0% on a year-over-year basis. equities analysts forecast that Southern Company will post 2.95 earnings per share for the current year.

The firm also recently announced 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 dividend on an annualized basis and a yield of 4.52%. The ex-dividend date is Friday, November 17th. Southern Company (The)’s dividend payout ratio (DPR) is 414.29%.

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.

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

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