American National Registered Investment Advisor Inc. decreased its position in Southern Co (NYSE:SO) by 17.8% in the 3rd quarter, Holdings Channel reports. The firm owned 17,140 shares of the utilities provider’s stock after selling 3,700 shares during the period. American National Registered Investment Advisor Inc.’s holdings in Southern were worth $747,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SO. Kaizen Advisory LLC boosted 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 valued at $106,000 after acquiring an additional 1,307 shares in the last quarter. Destination Wealth Management boosted 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 valued at $107,000 after acquiring an additional 1,811 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in shares of Southern in the second quarter valued at approximately $119,000. Horan Capital Advisors LLC. bought a new position in shares of Southern in the second quarter valued at approximately $121,000. Finally, Sound Income Strategies LLC boosted its holdings in shares of Southern by 83.5% in the third quarter. Sound Income Strategies LLC now owns 2,855 shares of the utilities provider’s stock valued at $124,000 after acquiring an additional 1,299 shares in the last quarter. Hedge funds and other institutional investors own 57.31% of the company’s stock.

Several research analysts have recently issued reports on the stock. SunTrust Banks reiterated a “hold” rating and issued a $48.00 price objective on shares of Southern in a report on Thursday, November 8th. UBS Group increased their price objective on shares of Southern from $46.00 to $47.00 and gave the company a “neutral” rating in a report on Monday, October 29th. ValuEngine upgraded shares of Southern from a “sell” rating to a “hold” rating in a report on Friday, October 19th. Bank of America upgraded shares of Southern from an “underperform” rating to a “neutral” rating and set a $46.00 price objective for the company in a report on Wednesday, October 10th. Finally, Zacks Investment Research upgraded shares of Southern from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a report on Tuesday, October 9th. Six equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $45.96.

Shares of NYSE:SO opened at $47.18 on Friday. The company has a market cap of $48.24 billion, a P/E ratio of 15.62, a price-to-earnings-growth ratio of 3.44 and a beta of -0.09. Southern Co has a 1-year low of $42.38 and a 1-year high of $52.03. The company has a quick ratio of 0.58, a current ratio of 0.72 and a debt-to-equity ratio of 1.48.

Southern (NYSE:SO) last issued its earnings results on Wednesday, November 7th. The utilities provider reported $1.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.07. The firm had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $6.68 billion. Southern had a net margin of 10.35% and a return on equity of 12.88%. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period last year, the firm posted $1.12 earnings per share. As a group, sell-side analysts anticipate that Southern Co will post 3.03 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 6th. Investors of record on Monday, November 19th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 5.09%. The ex-dividend date is Friday, November 16th. Southern’s payout ratio is 79.47%.

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About Southern

The Southern Company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity. The company also constructs, acquires, owns, and manages power generation assets, including renewable energy facilities and sells electricity in the wholesale market; and distributes natural gas in Illinois, Georgia, Virginia, New Jersey, Florida, Tennessee, and Maryland, as well as provides gas marketing services, wholesale gas services, and gas midstream operations.

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Institutional Ownership by Quarter for Southern (NYSE:SO)

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