B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund cut its stake in shares of Southern Company (The) (NYSE:SO) by 0.5% during the first quarter, Holdings Channel reports. The institutional investor owned 338,599 shares of the utilities provider’s stock after selling 1,785 shares during the period. Southern Company (The) accounts for about 1.9% of B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund’s investment portfolio, making the stock its 14th largest position. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund’s holdings in Southern Company (The) were worth $16,855,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of SO. North American Management Corp boosted its position in Southern Company (The) by 2.0% in the first quarter. North American Management Corp now owns 6,654 shares of the utilities provider’s stock worth $331,000 after buying an additional 129 shares in the last quarter. Visionary Asset Management Inc. boosted its position in Southern Company (The) by 5.4% in the first quarter. Visionary Asset Management Inc. now owns 59,924 shares of the utilities provider’s stock worth $2,983,000 after buying an additional 3,095 shares in the last quarter. Prospera Financial Services Inc boosted its position in Southern Company (The) by 195.6% in the first quarter. Prospera Financial Services Inc now owns 38,715 shares of the utilities provider’s stock worth $1,948,000 after buying an additional 25,619 shares in the last quarter. Gierl Augustine Investment Management Inc boosted its position in Southern Company (The) by 8.8% in the first quarter. Gierl Augustine Investment Management Inc now owns 72,041 shares of the utilities provider’s stock worth $3,586,000 after buying an additional 5,844 shares in the last quarter. Finally, TNB Financial bought a new position in Southern Company (The) during the first quarter worth $5,231,000. Hedge funds and other institutional investors own 53.57% of the company’s stock.

Southern Company (NYSE:SO) traded down 0.80% during midday trading on Friday, hitting $48.42. 3,227,618 shares of the stock were exchanged. Southern Company has a one year low of $46.20 and a one year high of $53.73. The stock has a market cap of $48.39 billion, a P/E ratio of 79.64 and a beta of 0.12. The firm has a 50-day moving average price of $48.08 and a 200-day moving average price of $49.46.

Southern Company (The) (NYSE:SO) last released its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.02. The business had revenue of $5.43 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.74 EPS. On average, equities research analysts anticipate that Southern Company will post $2.95 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 6th. Stockholders of record on Monday, August 21st will be paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 4.79%. The ex-dividend date of this dividend is Thursday, August 17th. Southern Company (The)’s dividend payout ratio (DPR) is presently 346.27%.

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A number of research firms have weighed in on SO. J P Morgan Chase & Co began coverage on shares of Southern Company (The) in a research report on Tuesday, August 8th. They set an “overweight” rating and a $16.78 price objective for the company. Credit Suisse Group upgraded shares of Southern Company (The) from an “underperform” rating to a “neutral” rating in a research report on Thursday, August 3rd. Zacks Investment Research cut shares of Southern Company (The) from a “hold” rating to a “sell” rating in a research report on Tuesday, April 25th. Morgan Stanley upped their price objective on shares of Southern Company (The) from $50.00 to $51.00 and gave the stock an “underweight” rating in a research report on Monday, May 8th. Finally, Barclays PLC restated a “buy” rating and set a $55.00 price objective on shares of Southern Company (The) in a research report on Monday, May 15th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. Southern Company (The) has a consensus rating of “Hold” and an average target price of $48.79.

In related news, 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 transaction, the insider now owns 7,394 shares of the company’s stock, valued at approximately $379,164.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Christopher C. Womack sold 75,144 shares of the business’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $49.29, for a total transaction of $3,703,847.76. Following the completion of the transaction, the executive vice president now directly 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 have sold a total of 152,084 shares of company stock valued at $7,665,158 in 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.

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

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