Southern Company (The) (NYSE:SO) announced a quarterly dividend on Friday, January 13th. Shareholders of record on Tuesday, February 21st will be given a dividend of 0.56 per share on Monday, March 6th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 4.59%.

Southern Company (NYSE:SO) traded down 0.41% during mid-day trading on Friday, hitting $48.80. 3,590,384 shares of the company’s stock were exchanged. Southern Company has a 12 month low of $46.20 and a 12 month high of $54.64. The stock has a market cap of $47.82 billion, a PE ratio of 18.33 and a beta of 0.04. The stock’s 50 day moving average price is $48.44 and its 200-day moving average price is $50.84.

Southern Company (The) (NYSE:SO) last announced its quarterly earnings results on Monday, October 31st. The company reported $1.28 EPS for the quarter, beating the Zacks’ consensus estimate of $1.17 by $0.11. The company had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $3.41 billion. Southern Company (The) had a net margin of 14.14% and a return on equity of 12.69%. Southern Company (The)’s revenue was up 16.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.17 EPS. Equities analysts expect that Southern Company will post $2.90 EPS for the current fiscal year.

Dividend History for Southern Company (The) (NYSE:SO)

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Several analysts have issued reports on the stock. Citigroup Inc. assumed coverage on shares of Southern Company (The) in a research note on Thursday, December 15th. They issued a “sell” rating and a $44.00 target price on the stock. Zacks Investment Research cut shares of Southern Company (The) from a “hold” rating to a “sell” rating in a research note on Wednesday. SunTrust Banks, Inc. increased their target price on shares of Southern Company (The) from $52.00 to $54.00 and gave the stock a “neutral” rating in a research note on Monday, September 26th. Finally, RBC Capital Markets reiterated a “hold” rating and issued a $54.00 target price on shares of Southern Company (The) in a research note on Wednesday, January 4th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company’s stock. Southern Company (The) has a consensus rating of “Hold” and an average target price of $52.81.

In related news, CEO William P. Bowers sold 70,680 shares of the stock in a transaction on Monday, January 9th. The shares were sold at an average price of $48.88, for a total transaction of $3,454,838.40. Following the transaction, the chief executive officer now owns 122,669 shares of the company’s stock, valued at approximately $5,996,060.72. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 1.00% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the stock. Nuveen Asset Management LLC raised its position in Southern Company (The) by 313.3% in the second quarter. Nuveen Asset Management LLC now owns 1,451,326 shares of the company’s stock valued at $77,835,000 after buying an additional 1,100,184 shares in the last quarter. Janus Capital Management LLC raised its stake in shares of Southern Company (The) by 33.1% in the second quarter. Janus Capital Management LLC now owns 4,383,790 shares of the company’s stock worth $235,102,000 after buying an additional 1,090,793 shares during the period. State Street Corp raised its stake in shares of Southern Company (The) by 1.9% in the second quarter. State Street Corp now owns 46,544,013 shares of the company’s stock worth $2,496,153,000 after buying an additional 858,466 shares during the period. Highbridge Capital Management LLC purchased a new stake in shares of Southern Company (The) during the second quarter worth about $37,227,000. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of Southern Company (The) during the second quarter worth about $24,506,000. 50.44% of the stock is currently owned by institutional investors.

Southern Company (The) Company Profile

The Southern Company (Southern Company) is a holding company. The Company owns all of the stock of the traditional operating companies and Southern Power Company (Southern Power), and owns other direct and indirect subsidiaries. Southern Company’s segments include the sale of electricity by four traditional operating companies, Southern Power and All Other.

5 Day Chart for NYSE:SO

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