Cambridge Investment Research Advisors Inc. lowered its position in shares of Southern Co (NYSE:SO) by 4.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 239,436 shares of the utilities provider’s stock after selling 9,862 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Southern were worth $11,088,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of SO. Well Done LLC purchased a new position in shares of Southern in the first quarter worth $100,000. Kaizen Advisory LLC lifted its holdings in shares of Southern by 133.8% in the second quarter. Kaizen Advisory LLC now owns 2,284 shares of the utilities provider’s stock worth $106,000 after buying an additional 1,307 shares in the last quarter. Destination Wealth Management lifted its holdings in shares of Southern by 359.3% in the second quarter. Destination Wealth Management now owns 2,315 shares of the utilities provider’s stock worth $107,000 after buying an additional 1,811 shares in the last quarter. Horan Capital Advisors LLC. purchased a new position in shares of Southern in the second quarter worth $121,000. Finally, BerganKDV Wealth Management LLC purchased a new position in shares of Southern in the second quarter worth $130,000. 57.22% of the stock is currently owned by institutional investors and hedge funds.

Southern stock opened at $44.19 on Friday. The firm has a market cap of $45.26 billion, a P/E ratio of 14.63, a price-to-earnings-growth ratio of 3.34 and a beta of 0.04. The company has a current ratio of 0.81, a quick ratio of 0.68 and a debt-to-equity ratio of 1.59. Southern Co has a 52-week low of $42.38 and a 52-week high of $53.51.

Southern (NYSE:SO) last released its quarterly earnings results on Wednesday, August 8th. The utilities provider reported $0.80 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.11. The company had revenue of $5.63 billion for the quarter, compared to the consensus estimate of $5.28 billion. Southern had a net margin of 9.96% and a return on equity of 13.06%. Southern’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.73 earnings per share. equities research analysts predict that Southern Co will post 2.97 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 6th. Investors of record on Monday, August 20th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 5.43%. The ex-dividend date is Friday, August 17th. Southern’s payout ratio is 79.47%.

In related news, EVP Christopher C. Womack sold 16,371 shares of the company’s stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $47.40, for a total transaction of $775,985.40. Following the sale, the executive vice president now owns 10,165 shares of the company’s stock, valued at $481,821. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.73% of the stock is owned by corporate insiders.

Several equities analysts have recently commented on SO shares. TheStreet raised shares of Southern from a “c” rating to a “b-” rating in a report on Monday, June 4th. Deutsche Bank lowered their target price on shares of Southern from $49.00 to $48.00 and set a “buy” rating on the stock in a report on Tuesday, May 22nd. Barclays downgraded shares of Southern from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $51.00 to $48.00 in a report on Thursday, August 9th. SunTrust Banks reissued a “hold” rating and issued a $50.00 target price on shares of Southern in a report on Monday, August 6th. Finally, ValuEngine raised shares of Southern from a “sell” rating to a “hold” rating in a report on Monday, July 2nd. Eight research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $47.66.

Southern Company Profile

The Southern Co is a holding company, which engages in the sale of electricity. It operates through the following segments: Traditional Electric Operating Companies, Southern Power, Southern Company Gas, and All Other. The Traditional Electric Operating Companies segment refers to vertically integrated utilities that own generation, transmission and distribution facilities, and supplies electric services in the states of Alabama, Georgia, Florida, and Mississippi.

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Institutional Ownership by Quarter for Southern (NYSE:SO)

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