Traders sold shares of Southern Company (The) (NYSE:SO) on strength during trading on Monday after an insider sold shares in the company. $27.35 million flowed into the stock on the tick-up and $50.55 million flowed out of the stock on the tick-down, for a money net flow of $23.20 million out of the stock. Of all equities tracked, Southern Company (The) had the 21st highest net out-flow for the day. Southern Company (The) traded up $0.21 for the day and closed at $49.00Specifically, insider Ann P. Daiss sold 5,000 shares of the business’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 completion of the sale, the insider now owns 7,394 shares of the company’s stock, valued at $379,164.32. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Art P. Beattie sold 46,940 shares of the business’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $51.50, for a total transaction of $2,417,410.00. Following the completion of the sale, the insider now directly owns 59,493 shares of the company’s stock, valued at approximately $3,063,889.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 152,084 shares of company stock valued at $7,665,158. Company insiders own 0.74% of the company’s stock.

SO has been the subject of a number of recent research reports. Jefferies Group LLC reissued a “buy” rating and issued a $55.00 target price (down previously from $56.00) on shares of Southern Company (The) in a research report on Thursday, May 4th. Deutsche Bank AG reduced their target price on shares of Southern Company (The) from $52.00 to $50.00 and set a “hold” rating for the company in a research report on Tuesday, April 11th. BidaskClub raised shares of Southern Company (The) from a “strong sell” rating to a “sell” rating in a research report on Monday, July 24th. Barclays PLC reissued an “overweight” rating and issued a $56.00 target price (up previously from $53.00) on shares of Southern Company (The) in a research report on Sunday, April 23rd. Finally, Mizuho reissued a “neutral” rating and issued a $49.50 target price on shares of Southern Company (The) in a research report on Wednesday, April 19th. Three equities research 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. The company currently has a consensus rating of “Hold” and a consensus target price of $51.54.

The firm has a 50 day moving average of $48.60 and a 200-day moving average of $49.48. The stock has a market capitalization of $48.97 billion, a price-to-earnings ratio of 80.59 and a beta of 0.12.

Southern Company (The) (NYSE:SO) last issued its earnings results on Wednesday, August 2nd. The utilities provider reported $0.73 EPS for the quarter, topping the 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 business had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.23 billion. During the same quarter last year, the company earned $0.74 EPS. The firm’s revenue was up 21.7% compared to the same quarter last year. Equities analysts expect that Southern Company will post $2.95 EPS for the current fiscal 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 is Thursday, August 17th. This represents a $2.32 annualized dividend and a yield of 4.73%. Southern Company (The)’s dividend payout ratio is currently 346.27%.

A number of hedge funds and other institutional investors have recently modified their holdings of SO. Macquarie Group Ltd. increased 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 worth $15,387,000 after buying an additional 1,900 shares during the period. Weaver C. Barksdale & Associates Inc. increased its stake in shares of 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 worth $1,280,000 after buying an additional 7,600 shares during the period. Douglass Winthrop Advisors LLC increased its stake in shares of 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 worth $1,714,000 after buying an additional 1,893 shares during the period. Forte Capital LLC ADV increased its stake in shares of Southern Company (The) by 5.9% in the first quarter. Forte Capital LLC ADV now owns 11,785 shares of the utilities provider’s stock worth $587,000 after buying an additional 655 shares during the period. Finally, Sheets Smith Wealth Management increased its stake in shares of Southern Company (The) by 1.1% in the first quarter. Sheets Smith Wealth Management now owns 11,650 shares of the utilities provider’s stock worth $580,000 after buying an additional 128 shares during the period. Institutional investors and hedge funds own 53.57% of the company’s stock.

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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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