Sabal Trust CO increased its stake in Southern Company (The) (NYSE:SO) by 3.8% during the second quarter, Holdings Channel reports. The firm owned 456,521 shares of the utilities provider’s stock after buying an additional 16,871 shares during the period. Sabal Trust CO’s holdings in Southern Company (The) were worth $21,859,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of SO. Vanguard Group Inc. increased its position in 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 last quarter. BlackRock Inc. increased its position in 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 last quarter. State Street Corp increased its position in Southern Company (The) by 1.1% in the first quarter. State Street Corp now owns 48,900,251 shares of the utilities provider’s stock worth $2,434,244,000 after buying an additional 515,397 shares during the last quarter. Bank of New York Mellon Corp increased its position in Southern Company (The) by 0.5% in the first quarter. Bank of New York Mellon Corp now owns 11,463,868 shares of the utilities provider’s stock worth $570,670,000 after buying an additional 62,620 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Southern Company (The) by 8.2% in the first quarter. Geode Capital Management LLC now owns 9,573,271 shares of the utilities provider’s stock worth $475,877,000 after buying an additional 724,650 shares during the last quarter. Institutional investors own 53.57% of the company’s stock.

Southern Company (NYSE:SO) traded down 0.92% during mid-day trading on Friday, reaching $48.36. The company’s stock had a trading volume of 1,571,080 shares. The stock has a market capitalization of $48.33 billion, a price-to-earnings ratio of 79.54 and a beta of 0.12. Southern Company has a 52 week low of $46.20 and a 52 week high of $53.73. The firm has a 50-day moving average of $48.14 and a 200-day moving average of $49.47.

Southern Company (The) (NYSE:SO) last posted its earnings results on Wednesday, August 2nd. The utilities provider reported $0.73 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.02. The company 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%. The business’s revenue was up 21.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.74 earnings per share. On average, equities research analysts expect that Southern Company will post $2.95 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 6th. Stockholders of record on Monday, August 21st will be issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 4.75%. The ex-dividend date of this dividend is Thursday, August 17th. Southern Company (The)’s dividend payout ratio (DPR) is presently 346.27%.

ILLEGAL ACTIVITY WARNING: “Sabal Trust CO Buys 16,871 Shares of Southern Company (The) (SO)” was originally published by Daily Political and is the sole property of of Daily Political. If you are reading this article on another site, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The legal version of this article can be read at https://www.dailypolitical.com/2017/08/11/sabal-trust-co-buys-16871-shares-of-southern-company-the-so.html.

A number of research analysts have recently commented on SO shares. Jefferies Group LLC reiterated a “buy” rating and issued a $55.00 price objective (down previously from $56.00) on shares of Southern Company (The) in a report on Thursday, May 4th. BidaskClub upgraded Southern Company (The) from a “strong sell” rating to a “sell” rating in a report on Monday, July 24th. Barclays PLC reiterated an “overweight” rating and issued a $56.00 price objective (up previously from $53.00) on shares of Southern Company (The) in a report on Sunday, April 23rd. Mizuho reiterated a “neutral” rating and issued a $49.50 price objective on shares of Southern Company (The) in a report on Wednesday, April 19th. Finally, Royal Bank Of Canada dropped their price objective on Southern Company (The) from $54.00 to $53.00 and set a “sector perform” rating on the stock in a report on Wednesday, June 28th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. Southern Company (The) currently has a consensus rating of “Hold” and an average price target of $48.79.

In other news, insider Ann P. Daiss sold 5,000 shares of the company’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 completion of the transaction, the insider now directly owns 7,394 shares of the company’s stock, valued at $379,164.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mark Lantrip sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $51.50, for a total value of $1,287,500.00. Following the transaction, the chief executive officer now directly owns 31,080 shares of the company’s stock, valued at $1,600,620. The disclosure for this sale can be found here. Insiders have sold 152,084 shares of company stock valued at $7,665,158 over the last ninety days. Corporate insiders own 1.00% of the company’s stock.

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.

Want to see what other hedge funds are holding SO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Southern Company (The) (NYSE:SO).

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

Receive News & Ratings for Southern Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southern Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.