Investment House LLC raised its stake in Southern Company (The) (NYSE:SO) by 0.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,717 shares of the utilities provider’s stock after buying an additional 3 shares during the period. Investment House LLC’s holdings in Southern Company (The) were worth $235,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Macquarie Group Ltd. boosted its stake in shares of Southern Company (The) by 0.6% in the fourth quarter. Macquarie Group Ltd. now owns 312,800 shares of the utilities provider’s stock valued at $15,387,000 after buying an additional 1,900 shares during the last quarter. Atlas Brown Inc. raised its position in Southern Company (The) by 21.9% in the first quarter. Atlas Brown Inc. now owns 7,623 shares of the utilities provider’s stock valued at $379,000 after buying an additional 1,368 shares during the period. Confluence Investment Management LLC raised 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 during the period. Weaver C. Barksdale & Associates Inc. raised its position in Southern Company (The) by 42.0% in the first quarter. Weaver C. Barksdale & Associates Inc. now owns 25,710 shares of the utilities provider’s stock valued at $1,280,000 after buying an additional 7,600 shares during the period. Finally, Douglass Winthrop Advisors LLC raised its position in Southern Company (The) by 5.8% in the first quarter. Douglass Winthrop Advisors LLC now owns 34,425 shares of the utilities provider’s stock valued at $1,714,000 after buying an additional 1,893 shares during the period. 53.82% of the stock is owned by hedge funds and other institutional investors.

Southern Company (NYSE:SO) opened at 48.79 on Friday. Southern Company has a 52 week low of $46.20 and a 52 week high of $53.73. The firm’s 50-day moving average is $48.60 and its 200-day moving average is $49.48. The firm has a market cap of $48.76 billion, a price-to-earnings ratio of 80.25 and a beta of 0.12.

Southern Company (The) (NYSE:SO) last released its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.02. Southern Company (The) had a net margin of 2.93% and a return on equity of 11.30%. The company had revenue of $5.43 billion for the quarter, compared to analysts’ expectations of $5.23 billion. During the same quarter last year, the company earned $0.74 earnings per share. The firm’s revenue for the quarter was up 21.7% on a year-over-year basis. On average, equities analysts anticipate that Southern Company will post $2.95 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 6th. Shareholders of record on Monday, August 21st will be issued a dividend of $0.58 per share. The ex-dividend date is Thursday, August 17th. This represents a $2.32 dividend on an annualized basis and a yield of 4.76%. Southern Company (The)’s payout ratio is currently 346.27%.

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SO has been the subject of several recent analyst reports. Jefferies Group LLC reiterated a “buy” rating and set a $55.00 price objective on shares of Southern Company (The) in a research note on Monday, May 15th. Barclays PLC reiterated a “buy” rating and set a $55.00 price objective on shares of Southern Company (The) in a research note on Monday, May 15th. Deutsche Bank AG upgraded shares of Southern Company (The) from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $50.00 to $52.00 in a research note on Tuesday. Royal Bank Of Canada reiterated a “hold” rating and set a $53.00 price objective on shares of Southern Company (The) in a research note on Monday, July 31st. Finally, BidaskClub upgraded shares of Southern Company (The) from a “sell” rating to a “hold” rating in a research note on Friday. Three analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $51.54.

In other Southern Company (The) news, EVP Christopher C. Womack sold 75,144 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $49.29, for a total transaction of $3,703,847.76. Following the sale, the executive vice president now owns 85,298 shares of the company’s stock, valued at $4,204,338.42. The transaction 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 firm’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $51.28, for a total transaction of $256,400.00. Following the sale, the insider now directly 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 three months, insiders have sold 152,084 shares of company stock worth $7,665,158. 1.00% 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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