Chevy Chase Trust Holdings Inc. lessened its holdings in Southern Co (NYSE:SO) by 0.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 888,611 shares of the utilities provider’s stock after selling 2,068 shares during the quarter. Chevy Chase Trust Holdings Inc. owned approximately 0.09% of Southern worth $42,735,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Chicago Partners Investment Group LLC bought a new position in shares of Southern in the 2nd quarter valued at about $100,000. Farmers & Merchants Trust Co of Chambersburg PA bought a new position in shares of Southern in the 3rd quarter valued at about $105,000. Monroe Bank & Trust MI raised its position in shares of Southern by 17.9% in the 2nd quarter. Monroe Bank & Trust MI now owns 2,300 shares of the utilities provider’s stock valued at $110,000 after acquiring an additional 350 shares during the period. AlphaMark Advisors LLC raised its position in shares of Southern by 0.6% in the 2nd quarter. AlphaMark Advisors LLC now owns 2,363 shares of the utilities provider’s stock valued at $113,000 after acquiring an additional 14 shares during the period. Finally, Fieldpoint Private Securities LLC acquired a new stake in shares of Southern in the 3rd quarter valued at approximately $118,000. 53.67% of the stock is currently owned by institutional investors.

SO has been the topic of a number of analyst reports. Zacks Investment Research downgraded shares of Southern from a “buy” rating to a “hold” rating in a research report on Friday, October 13th. SunTrust Banks reiterated a “hold” rating and issued a $50.00 price target on shares of Southern in a research report on Tuesday, December 26th. Mizuho reiterated a “buy” rating and issued a $52.00 price target on shares of Southern in a research report on Tuesday, December 26th. Goldman Sachs Group reiterated a “sell” rating on shares of Southern in a research report on Wednesday, January 10th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Southern in a research report on Friday, January 12th. They issued an “underweight” rating and a $46.00 price target on the stock. Six research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $51.00.

In other news, EVP Christopher C. Womack sold 46,641 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $53.00, for a total transaction of $2,471,973.00. Following the completion of the transaction, the executive vice president now directly owns 56,799 shares of the company’s stock, valued at approximately $3,010,347. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Art P. Beattie sold 46,941 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $52.50, for a total transaction of $2,464,402.50. Following the transaction, the insider now directly owns 59,494 shares of the company’s stock, valued at $3,123,435. The disclosure for this sale can be found here. Insiders have sold a total of 98,662 shares of company stock worth $5,207,038 over the last 90 days. Corporate insiders own 0.74% of the company’s stock.

Shares of Southern Co (NYSE:SO) opened at $44.04 on Tuesday. 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 company has a market cap of $44,200.00, a P/E ratio of 78.64, a price-to-earnings-growth ratio of 3.29 and a beta of 0.14. Southern Co has a fifty-two week low of $43.97 and a fifty-two week high of $53.51.

Southern (NYSE:SO) last announced its earnings results on Wednesday, November 1st. The utilities provider reported $1.12 EPS for the quarter, topping the consensus estimate of $1.08 by $0.04. The firm had revenue of $6.20 billion for the quarter, compared to the consensus estimate of $6.16 billion. Southern had a net margin of 2.59% and a return on equity of 10.81%. The business’s quarterly revenue was down 1.0% on a year-over-year basis. During the same period last year, the company posted $1.27 EPS. equities analysts anticipate that Southern Co will post 2.96 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 6th. Shareholders of record on Tuesday, February 20th will be issued a dividend of $0.58 per share. The ex-dividend date is Friday, February 16th. This represents a $2.32 annualized dividend and a yield of 5.27%. Southern’s dividend payout ratio (DPR) is currently 414.29%.

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Southern Company 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 (NYSE:SO)

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