Taylor Hoffman Wealth Management increased its stake in Southern Co (NYSE:SO) by 30.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,542 shares of the utilities provider’s stock after buying an additional 2,000 shares during the quarter. Taylor Hoffman Wealth Management’s holdings in Southern were worth $528,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Krane Funds Advisors LLC acquired a new position in shares of Southern during the 2nd quarter valued at $25,000. Lenox Wealth Advisors LLC acquired a new position in shares of Southern in the 3rd quarter worth $25,000. KCS Wealth Advisory acquired a new position in shares of Southern in the 3rd quarter worth $25,000. Atlantic Trust LLC acquired a new position in shares of Southern in the 2nd quarter worth $28,000. Finally, Salomon & Ludwin LLC acquired a new position in shares of Southern in the 2nd quarter worth $29,000. Institutional investors and hedge funds own 58.51% of the company’s stock.

In other Southern news, CEO Stephen E. Kuczynski sold 2,000 shares of the business’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $62.22, for a total value of $124,440.00. Following the completion of the sale, the chief executive officer now owns 65,772 shares of the company’s stock, valued at $4,092,333.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Stephen E. Kuczynski sold 123,533 shares of the business’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $61.87, for a total value of $7,642,986.71. Following the completion of the sale, the chief executive officer now directly owns 191,305 shares of the company’s stock, valued at approximately $11,836,040.35. The disclosure for this sale can be found here. In the last three months, insiders have sold 177,533 shares of company stock valued at $10,941,987. Insiders own 0.88% of the company’s stock.

A number of equities analysts recently issued reports on the company. UBS Group lifted their target price on Southern from $58.00 to $62.00 and gave the stock a “neutral” rating in a report on Friday, September 6th. ValuEngine cut Southern from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Citigroup raised their target price on Southern from $55.00 to $61.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. 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. Finally, Morgan Stanley decreased their target price on Southern from $55.00 to $54.00 and set an “underweight” rating for the company in a research report on Friday, August 16th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $56.80.

SO traded up $0.55 during trading on Friday, reaching $61.26. 3,825,674 shares of the stock traded hands, compared to its average volume of 3,796,997. The stock has a market cap of $64.35 billion, a price-to-earnings ratio of 19.95, a price-to-earnings-growth ratio of 4.42 and a beta of 0.15. Southern Co has a fifty-two week low of $42.50 and a fifty-two week high of $63.09. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.94 and a quick ratio of 0.77. The stock’s 50-day simple moving average is $61.54 and its two-hundred day simple moving average is $57.28.

Southern (NYSE:SO) last released its quarterly earnings data on Wednesday, October 30th. The utilities provider reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.20. The firm had revenue of $6 billion during the quarter, compared to analysts’ expectations of $6.01 billion. Southern had a return on equity of 10.52% and a net margin of 21.02%. The business’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.14 earnings per share. Research analysts anticipate that Southern Co will post 3.09 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Monday, November 18th will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.48 dividend on an annualized basis and a yield of 4.05%. Southern’s payout ratio is 80.78%.

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.

Featured Story: What is an inverted yield curve?

Want to see what other hedge funds are holding SO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Southern Co (NYSE:SO).

Institutional Ownership by Quarter for Southern (NYSE:SO)

Receive News & Ratings for Southern Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southern and related companies with MarketBeat.com's FREE daily email newsletter.