Weiss Multi Strategy Advisers LLC bought a new stake in Southern Company (The) (NYSE:SO) during the first quarter, Holdings Channel reports. The fund bought 50,212 shares of the utilities provider’s stock, valued at approximately $2,500,000.

A number of other large investors have also added to or reduced their stakes in SO. Macquarie Group Ltd. raised its position 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. Sheets Smith Wealth Management raised its position 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 valued at $580,000 after buying an additional 128 shares during the last quarter. Chesley Taft & Associates LLC raised its position in shares of Southern Company (The) by 6.8% in the first quarter. Chesley Taft & Associates LLC now owns 10,940 shares of the utilities provider’s stock valued at $545,000 after buying an additional 700 shares during the last quarter. Koshinski Asset Management Inc. raised its position in shares of Southern Company (The) by 12.2% in the first quarter. Koshinski Asset Management Inc. now owns 5,225 shares of the utilities provider’s stock valued at $260,000 after buying an additional 570 shares during the last quarter. Finally, National Pension Service raised its position in shares of Southern Company (The) by 11.4% in the first quarter. National Pension Service now owns 701,557 shares of the utilities provider’s stock valued at $34,846,000 after buying an additional 71,931 shares during the last quarter. 53.57% of the stock is owned by institutional investors and hedge funds.

Shares of Southern Company (NYSE:SO) traded down 0.37% during trading on Thursday, hitting $48.67. The stock had a trading volume of 711,417 shares. The firm has a market capitalization of $48.64 billion, a P/E ratio of 80.05 and a beta of 0.12. The stock’s 50-day moving average price is $48.21 and its 200 day moving average price is $49.47. Southern Company has a 1-year low of $46.20 and a 1-year high of $53.73.

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

The firm also recently declared 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 dividend on an annualized basis and a yield of 4.75%. Southern Company (The)’s payout ratio is presently 346.27%.

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SO has been the topic of several recent research reports. Zacks Investment Research lowered Southern Company (The) from a “hold” rating to a “sell” rating in a report on Friday, June 16th. BidaskClub lowered Southern Company (The) from a “sell” rating to a “strong sell” rating in a report on Saturday, June 24th. Macquarie upgraded Southern Company (The) from a “neutral” rating to an “outperform” rating and set a $52.00 target price on the stock in a report on Monday, July 10th. Morgan Stanley dropped their target price on Southern Company (The) from $53.00 to $51.00 and set an “underweight” rating on the stock in a report on Friday, June 23rd. Finally, Barclays PLC restated an “overweight” rating and issued a $56.00 target price (up previously from $53.00) on shares of Southern Company (The) in a report on Sunday, April 23rd. Four research analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. Southern Company (The) presently has an average rating of “Hold” and a consensus price target of $48.87.

In other Southern Company (The) news, insider Ann P. Daiss sold 5,000 shares of the stock in a transaction on Monday, June 12th. The stock was 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 in the company, valued at approximately $379,164.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Christopher C. Womack sold 75,144 shares of the stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $49.29, for a total value of $3,703,847.76. Following the completion of the sale, the executive vice president now owns 85,298 shares of the company’s stock, valued at approximately $4,204,338.42. The disclosure for this sale can be found here. Insiders sold a total of 152,084 shares of company stock valued at $7,665,158 in the last quarter. 1.00% of the stock is currently owned by company 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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