Truewealth LLC trimmed its stake in Southern Co (NYSE:SO) by 22.8% in the 1st quarter, HoldingsChannel.com reports. The firm owned 13,337 shares of the utilities provider’s stock after selling 3,949 shares during the quarter. Truewealth LLC’s holdings in Southern were worth $689,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Sontag Advisory LLC bought a new position in shares of Southern in the 4th quarter worth about $25,000. Vigilant Capital Management LLC bought a new stake in Southern during the 4th quarter valued at about $30,000. Gemmer Asset Management LLC increased its stake in Southern by 58.0% during the 1st quarter. Gemmer Asset Management LLC now owns 681 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 250 shares in the last quarter. Trust Department MB Financial Bank N A increased its stake in Southern by 49.0% during the 1st quarter. Trust Department MB Financial Bank N A now owns 766 shares of the utilities provider’s stock valued at $40,000 after purchasing an additional 252 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its stake in Southern by 38.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 798 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 220 shares in the last quarter. 56.56% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE SO opened at $52.04 on Thursday. The company has a current ratio of 0.67, a quick ratio of 0.54 and a debt-to-equity ratio of 1.40. The stock has a market cap of $54.16 billion, a PE ratio of 16.95, a P/E/G ratio of 3.81 and a beta of 0.20. Southern Co has a 52-week low of $42.42 and a 52-week high of $52.98.

Southern (NYSE:SO) last announced its quarterly earnings results on Wednesday, February 20th. The utilities provider reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. The firm had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $4.88 billion. Southern had a net margin of 9.54% and a return on equity of 11.39%. The business’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.51 EPS. On average, equities research analysts forecast that Southern Co will post 3.03 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Monday, May 20th will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 4.77%. The ex-dividend date is Friday, May 17th. This is an increase from Southern’s previous quarterly dividend of $0.60. Southern’s dividend payout ratio (DPR) is presently 78.18%.

A number of analysts have weighed in on SO shares. Guggenheim restated a “hold” rating and set a $44.00 price objective on shares of Southern in a research note on Monday, January 7th. SunTrust Banks restated a “hold” rating and set a $47.00 price objective on shares of Southern in a research note on Monday, January 7th. restated a “sell” rating on shares of Southern in a research note on Wednesday, February 13th. 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 research note on Saturday, January 5th. Finally, Citigroup upgraded shares of Southern from a “sell” rating to a “neutral” rating and raised their price objective for the company from $45.00 to $50.00 in a research note on Thursday, January 24th. Five investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $47.54.

In related news, CEO William P. Bowers sold 90,942 shares of the firm’s stock in a transaction that occurred on Wednesday, February 6th. The shares were sold at an average price of $48.60, for a total value of $4,419,781.20. Following the transaction, the chief executive officer now owns 177,043 shares of the company’s stock, valued at $8,604,289.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Christopher C. Womack sold 18,922 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $50.36, for a total transaction of $952,911.92. Following the completion of the transaction, the executive vice president now directly owns 10,165 shares in the company, valued at approximately $511,909.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 383,341 shares of company stock worth $19,342,988. Insiders own 0.73% of the company’s stock.

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Southern Company Profile

The Southern Company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity. It operates in four segments: Gas Distribution Operations, Gas Pipeline Investments, Wholesale Gas Services, and Gas Marketing Services. 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, and Tennessee, as well as provides gas marketing services, wholesale gas services, and gas pipeline investments operations.

Further Reading: Inflation

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Institutional Ownership by Quarter for Southern (NYSE:SO)

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