Signaturefd LLC raised its position in shares of Southern Company (The) (NYSE:SO) by 1.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 46,308 shares of the utilities provider’s stock after buying an additional 708 shares during the period. Southern Company (The) makes up about 0.3% of Signaturefd LLC’s holdings, making the stock its 29th largest position. Signaturefd LLC’s holdings in Southern Company (The) were worth $2,305,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the stock. Orrstown Financial Services Inc. boosted its stake in shares of Southern Company (The) by 10.8% in the first quarter. Orrstown Financial Services Inc. now owns 2,050 shares of the utilities provider’s stock worth $102,000 after buying an additional 200 shares during the last quarter. Symmetry Partners LLC acquired a new stake in shares of Southern Company (The) during the first quarter worth approximately $103,000. Feltz Wealth PLAN Inc. acquired a new stake in shares of Southern Company (The) during the first quarter worth approximately $108,000. Stuart Chaussee & Associates Inc. boosted its stake in shares of Southern Company (The) by 358.8% in the first quarter. Stuart Chaussee & Associates Inc. now owns 2,225 shares of the utilities provider’s stock worth $111,000 after buying an additional 1,740 shares during the last quarter. Finally, AlphaMark Advisors LLC boosted its stake in shares of Southern Company (The) by 115.7% in the first quarter. AlphaMark Advisors LLC now owns 2,349 shares of the utilities provider’s stock worth $117,000 after buying an additional 1,260 shares during the last quarter. 53.57% of the stock is owned by institutional investors and hedge funds.

Shares of Southern Company (SO) traded down 0.37% on Friday, reaching $48.63. 938,965 shares of the company’s stock traded hands. The firm has a market capitalization of $48.60 billion, a price-to-earnings ratio of 79.98 and a beta of 0.12. The company has a 50 day moving average price of $48.14 and a 200 day moving average price of $49.47. Southern Company has a 52 week low of $46.20 and a 52 week high of $53.73.

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

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

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A number of equities research analysts have recently commented on the stock. Credit Suisse Group raised shares of Southern Company (The) from an “underperform” rating to a “neutral” rating in a report on Thursday, August 3rd. BidaskClub upgraded shares of Southern Company (The) from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Royal Bank Of Canada reiterated a “hold” rating and set a $53.00 price target on shares of Southern Company (The) in a research note on Monday, July 31st. Deutsche Bank AG upgraded shares of Southern Company (The) from a “hold” rating to a “buy” rating and boosted their price target for the stock from $50.00 to $52.00 in a research note on Tuesday, August 1st. Finally, J P Morgan Chase & Co assumed coverage on shares of Southern Company (The) in a research note on Tuesday. They set an “overweight” rating and a $16.78 price target on the stock. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. Southern Company (The) has an average rating of “Hold” and a consensus target price of $48.79.

In other Southern Company (The) news, CEO Mark Lantrip sold 25,000 shares of the firm’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 $1,287,500.00. Following the transaction, the chief executive officer now owns 31,080 shares of the company’s stock, valued at approximately $1,600,620. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Ann P. Daiss sold 5,000 shares of the firm’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $51.28, for a total transaction of $256,400.00. Following the transaction, 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. Over the last quarter, insiders sold 152,084 shares of company stock worth $7,665,158. 1.00% 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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