Quotient Investors LLC continued to hold its position in Southern Company (The) (NYSE:SO) during the second quarter, according to its most recent filing with the SEC. The firm owned 5,651 shares of the utilities provider’s stock at the end of the second quarter. Quotient Investors LLC’s holdings in Southern Company (The) were worth $281,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in shares of Southern Company (The) by 2,961.9% in the first quarter. BlackRock Inc. now owns 62,067,822 shares of the utilities provider’s stock worth $3,089,736,000 after buying an additional 60,040,696 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Southern Company (The) by 205.4% in the first quarter. Ameriprise Financial Inc. now owns 8,803,018 shares of the utilities provider’s stock worth $438,168,000 after buying an additional 5,920,212 shares during the period. Vanguard Group Inc. boosted its stake in shares of Southern Company (The) by 4.1% in the first quarter. Vanguard Group Inc. now owns 68,758,138 shares of the utilities provider’s stock worth $3,422,780,000 after buying an additional 2,688,854 shares during the period. Canada Pension Plan Investment Board boosted its stake in shares of Southern Company (The) by 876.2% in the first quarter. Canada Pension Plan Investment Board now owns 1,074,910 shares of the utilities provider’s stock worth $53,509,000 after buying an additional 964,800 shares during the period. Finally, Swiss National Bank boosted its stake in shares of Southern Company (The) by 20.3% in the first quarter. Swiss National Bank now owns 4,978,424 shares of the utilities provider’s stock worth $247,826,000 after buying an additional 841,100 shares during the period. 53.57% of the stock is owned by institutional investors and hedge funds.

Southern Company (NYSE SO) traded up 0.2048% during mid-day trading on Monday, reaching $48.8899. The company’s stock had a trading volume of 1,086,586 shares. Southern Company has a 12 month low of $46.20 and a 12 month high of $53.73. The firm has a market capitalization of $48.86 billion, a PE ratio of 80.4110 and a beta of 0.12. The stock’s 50-day moving average is $48.60 and its 200-day moving average is $49.48.

Southern Company (The) (NYSE:SO) last issued its earnings results on Wednesday, August 2nd. The utilities provider reported $0.73 EPS for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.02. Southern Company (The) had a return on equity of 11.30% and a net margin of 2.93%. The company had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.23 billion. During the same period in the previous year, the firm posted $0.74 earnings per share. Southern Company (The)’s quarterly revenue was up 21.7% compared to the same quarter last year. On average, equities analysts anticipate that Southern Company will post $2.95 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 6th. Shareholders of record on Monday, August 21st will be paid a $0.58 dividend. The ex-dividend date of this dividend 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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A number of brokerages recently issued reports on SO. Zacks Investment Research cut Southern Company (The) from a “hold” rating to a “sell” rating in a research report on Tuesday, April 25th. Barclays PLC reissued a “buy” rating and issued a $55.00 target price on shares of Southern Company (The) in a research report on Monday, May 15th. Credit Suisse Group raised Southern Company (The) from an “underperform” rating to a “neutral” rating in a research report on Thursday. Morgan Stanley upped their target price on Southern Company (The) from $50.00 to $51.00 and gave the company an “underweight” rating in a research report on Monday, May 8th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $55.00 target price (down from $56.00) on shares of Southern Company (The) in a research report on Thursday, May 4th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. Southern Company (The) has a consensus rating of “Hold” and a consensus price target of $51.54.

In other Southern Company (The) news, CEO Mark Lantrip sold 25,000 shares of Southern Company (The) stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $51.50, for a total value of $1,287,500.00. Following the completion of the transaction, the chief executive officer now directly owns 31,080 shares in the company, valued at $1,600,620. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Christopher C. Womack sold 75,144 shares of Southern Company (The) stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $49.29, for a total value of $3,703,847.76. Following the completion of the transaction, the executive vice president now owns 85,298 shares of the company’s stock, valued at $4,204,338.42. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 152,084 shares of company stock valued at $7,665,158. 0.74% of the stock is currently owned by insiders.

Southern Company (The) Company Profile

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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