Cadence Capital Management LLC boosted its position in shares of Southern Company (The) (NYSE:SO) by 31.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 67,500 shares of the utilities provider’s stock after buying an additional 16,185 shares during the quarter. Cadence Capital Management LLC’s holdings in Southern were worth $3,317,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. FMR LLC raised its holdings in Southern by 12.4% in the 1st quarter. FMR LLC now owns 6,107,721 shares of the utilities provider’s stock worth $304,042,000 after purchasing an additional 675,303 shares in the last quarter. Homrich & Berg raised its holdings in Southern by 7.0% in the 1st quarter. Homrich & Berg now owns 77,676 shares of the utilities provider’s stock worth $3,867,000 after purchasing an additional 5,070 shares in the last quarter. Teachers Advisors LLC raised its holdings in Southern by 1.8% in the 1st quarter. Teachers Advisors LLC now owns 1,609,069 shares of the utilities provider’s stock worth $80,099,000 after purchasing an additional 28,250 shares in the last quarter. W.G. Shaheen & Associates DBA Whitney & Co increased its stake in shares of Southern by 2.7% in the 1st quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 90,145 shares of the utilities provider’s stock worth $4,487,000 after acquiring an additional 2,345 shares in the last quarter. Finally, Global Financial Private Capital LLC bought a new position in shares of Southern in the 1st quarter worth about $23,597,000. Institutional investors own 53.78% of the company’s stock.

In related news, CEO William P. Bowers sold 85,151 shares of the 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Ann P. Daiss sold 5,000 shares of the stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $52.28, for a total transaction of $261,400.00. Following the sale, the insider now directly owns 7,394 shares in the company, valued at $386,558.32. The disclosure for this sale can be found here. Insiders have sold a total of 213,813 shares of company stock worth $11,029,988 over the last three months. 1.00% of the stock is currently owned by insiders.

Several research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Southern from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a research note on Tuesday. Mizuho reiterated a “buy” rating and issued a $55.00 price target on shares of Southern in a research note on Friday, December 8th. Bank of America reiterated an “underperform” rating and issued a $51.00 price target on shares of Southern in a research note on Tuesday, October 24th. SunTrust Banks reiterated a “hold” rating and issued a $52.00 price target on shares of Southern in a research note on Friday, October 20th. Finally, Citigroup reiterated a “sell” rating and issued a $44.00 price target (up from $43.00) on shares of Southern in a research note on Tuesday, October 3rd. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $49.92.

Shares of Southern Company (SO) traded down $0.21 during mid-day trading on Friday, reaching $51.31. 9,391,314 shares of the company traded hands, compared to its average volume of 4,176,924. Southern Company has a one year low of $46.71 and a one year high of $53.51. The stock has a market cap of $51,706.92, a P/E ratio of 18.74, a price-to-earnings-growth ratio of 3.88 and a beta of 0.13. 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 (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. Southern had a net margin of 2.59% and a return on equity of 10.81%. The company had revenue of $6.20 billion for the quarter, compared to the consensus estimate of $6.16 billion. During the same period in the prior year, the firm posted $1.27 EPS. Southern’s revenue for the quarter was down 1.0% on a year-over-year basis. analysts anticipate that Southern Company will post 2.95 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 6th. Investors of record on Monday, November 20th were given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 4.52%. The ex-dividend date of this dividend was Friday, November 17th. Southern’s dividend payout ratio (DPR) is 414.29%.

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Southern 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 (NYSE:SO)

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