Obermeyer Wood Investment Counsel Lllp boosted its stake in shares of Southern Company (The) (NYSE:SO) by 11.0% during the first quarter, according to its most recent filing with the SEC. The firm owned 7,075 shares of the utilities provider’s stock after buying an additional 700 shares during the period. Obermeyer Wood Investment Counsel Lllp’s holdings in Southern Company (The) were worth $352,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Confluence Investment Management LLC boosted its position in Southern Company (The) by 9.7% in the first quarter. Confluence Investment Management LLC now owns 1,681,743 shares of the utilities provider’s stock valued at $83,717,000 after buying an additional 149,174 shares in the last quarter. Heritage Way Advisors LLC purchased a new position in Southern Company (The) during the fourth quarter valued at about $1,680,000. Gierl Augustine Investment Management Inc boosted its position in Southern Company (The) by 8.8% in the first quarter. Gierl Augustine Investment Management Inc now owns 72,041 shares of the utilities provider’s stock valued at $3,586,000 after buying an additional 5,844 shares in the last quarter. Independent Advisor Alliance purchased a new position in Southern Company (The) during the fourth quarter valued at about $2,741,000. Finally, Vicus Capital boosted its position in Southern Company (The) by 11.9% in the first quarter. Vicus Capital now owns 16,423 shares of the utilities provider’s stock valued at $818,000 after buying an additional 1,745 shares in the last quarter. Institutional investors and hedge funds own 53.87% of the company’s stock.

Shares of Southern Company (NYSE:SO) opened at 47.04 on Tuesday. The firm has a market cap of $46.79 billion, a price-to-earnings ratio of 17.59 and a beta of 0.12. Southern Company has a 52-week low of $46.20 and a 52-week high of $54.64. The stock’s 50 day moving average price is $50.42 and its 200-day moving average price is $49.72.

Southern Company (The) (NYSE:SO) last released its quarterly earnings results on Wednesday, May 3rd. The utilities provider reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.08. Southern Company (The) had a return on equity of 11.37% and a net margin of 12.38%. The firm had revenue of $5.77 billion for the quarter, compared to analyst estimates of $5.58 billion. During the same quarter in the previous year, the company posted $0.58 EPS. The business’s revenue was up 44.6% on a year-over-year basis. On average, analysts forecast that Southern Company will post $2.96 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 6th. Investors of record on Monday, August 21st will be given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 4.93%. Southern Company (The)’s payout ratio is 85.29%.

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Several equities analysts recently issued reports on SO shares. Zacks Investment Research cut Southern Company (The) from a “hold” rating to a “sell” rating in a report on Friday, June 16th. Deutsche Bank AG cut their target price on Southern Company (The) from $52.00 to $50.00 and set a “hold” rating on the stock in a research note on Tuesday, April 11th. Royal Bank Of Canada cut their target price on Southern Company (The) from $54.00 to $53.00 and set a “sector perform” rating on the stock in a research note on Wednesday, June 28th. Barclays PLC reissued a “buy” rating and issued a $55.00 target price on shares of Southern Company (The) in a research note on Friday, May 5th. Finally, BidaskClub lowered Southern Company (The) from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 24th. Six equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $51.50.

In related news, VP James Y. Kerr II sold 68,609 shares of the company’s stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $50.05, for a total transaction of $3,433,880.45. Following the sale, the vice president now owns 69,609 shares in the company, valued at approximately $3,483,930.45. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Ann P. Daiss sold 5,000 shares of the company’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $51.28, for a total value of $256,400.00. Following the sale, the insider now owns 7,394 shares in the company, valued at approximately $379,164.32. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 145,549 shares of company stock worth $7,395,190. 0.74% of the stock is owned by corporate insiders.

About Southern Company (The)

The Southern Company (Southern Company) is a holding company. The Company owns all of the stock of the traditional electric operating companies and the parent entities of Southern Power Company (Southern Power) and Southern Company Gas, and owns other direct and indirect subsidiaries. The Company’s segments include Gas distribution operations, Gas marketing services, Wholesale gas services, Gas midstream operations and All other.

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Institutional Ownership by Quarter for Southern Company (The) (NYSE:SO)

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