Stephens Inc. AR decreased its position in Southern Co (NYSE:SO) by 10.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 185,893 shares of the utilities provider’s stock after selling 20,710 shares during the period. Stephens Inc. AR’s holdings in Southern were worth $11,483,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of SO. Pettyjohn Wood & White Inc. lifted its position in shares of Southern by 0.3% during the second quarter. Pettyjohn Wood & White Inc. now owns 60,890 shares of the utilities provider’s stock worth $3,366,000 after acquiring an additional 175 shares in the last quarter. Confluence Wealth Management LLC lifted its position in shares of Southern by 2.2% during the second quarter. Confluence Wealth Management LLC now owns 8,047 shares of the utilities provider’s stock worth $445,000 after acquiring an additional 175 shares in the last quarter. 6 Meridian lifted its position in shares of Southern by 1.8% during the second quarter. 6 Meridian now owns 10,278 shares of the utilities provider’s stock worth $568,000 after acquiring an additional 181 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its position in shares of Southern by 0.8% during the second quarter. Tokio Marine Asset Management Co. Ltd. now owns 23,452 shares of the utilities provider’s stock worth $1,296,000 after acquiring an additional 186 shares in the last quarter. Finally, St. Johns Investment Management Company LLC lifted its position in shares of Southern by 1.9% during the second quarter. St. Johns Investment Management Company LLC now owns 10,573 shares of the utilities provider’s stock worth $584,000 after acquiring an additional 195 shares in the last quarter. Institutional investors and hedge funds own 58.38% of the company’s stock.

Several equities research analysts have issued reports on SO shares. SunTrust Banks set a $59.00 target price on Southern and gave the stock a “hold” rating in a research report on Tuesday, September 3rd. Morgan Stanley dropped their target price on Southern from $55.00 to $54.00 and set an “underweight” rating on the stock in a research report on Friday, August 16th. ValuEngine downgraded Southern from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Bank of America increased their target price on Southern from $60.00 to $64.00 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. Finally, UBS Group increased their target price on Southern from $58.00 to $62.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $55.70.

Shares of Southern stock traded up $0.08 during trading on Friday, hitting $61.14. The stock had a trading volume of 4,005,805 shares, compared to its average volume of 3,963,798. The firm has a market cap of $63.52 billion, a price-to-earnings ratio of 19.92, a P/E/G ratio of 4.43 and a beta of 0.16. Southern Co has a 12 month low of $42.50 and a 12 month high of $62.36. The business’s 50-day moving average is $60.67 and its 200 day moving average is $56.26. The company has a current ratio of 0.76, a quick ratio of 0.59 and a debt-to-equity ratio of 1.33.

Southern (NYSE:SO) last released its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.08. The firm had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $5.12 billion. Southern had a net margin of 20.18% and a return on equity of 10.04%. The business’s quarterly revenue was down 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.80 earnings per share. As a group, equities analysts expect that Southern Co will post 3.06 EPS for the current year.

In other news, CEO Stephen E. Kuczynski sold 123,533 shares of the company’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $61.87, for a total value of $7,642,986.71. Following the transaction, the chief executive officer now owns 191,305 shares of the company’s stock, valued at $11,836,040.35. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Stephen E. Kuczynski sold 2,000 shares of the company’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $57.51, for a total transaction of $115,020.00. Following the completion of the transaction, the chief executive officer now directly owns 71,772 shares in the company, valued at approximately $4,127,607.72. The disclosure for this sale can be found here. In the last ninety days, insiders sold 202,533 shares of company stock worth $12,386,567. Insiders own 0.88% of the company’s stock.

About Southern

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.

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Institutional Ownership by Quarter for Southern (NYSE:SO)

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