Hemenway Trust Co LLC continued to hold its stake in shares of Southern Company (The) (NYSE:SO) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,400 shares of the utilities provider’s stock at the end of the second quarter. Hemenway Trust Co LLC’s holdings in Southern Company (The) were worth $211,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. North American Management Corp increased its stake in shares of 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 valued at $331,000 after buying an additional 129 shares during the period. Visionary Asset Management Inc. increased its stake in shares of 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 valued at $2,983,000 after buying an additional 3,095 shares during the last quarter. Prospera Financial Services Inc increased its stake in shares of 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 valued at $1,948,000 after buying an additional 25,619 shares during the last quarter. Gierl Augustine Investment Management Inc increased its stake in shares of 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 valued at $3,586,000 after buying an additional 5,844 shares during the last quarter. Finally, TNB Financial acquired a new stake in shares of Southern Company (The) during the first quarter valued at $5,231,000. 53.57% of the stock is currently owned by institutional investors and hedge funds.

Southern Company (SO) traded down 0.80% during mid-day trading on Friday, hitting $48.42. The stock had a trading volume of 3,227,618 shares. Southern Company has a 1-year low of $46.20 and a 1-year high of $53.73. The stock has a 50 day moving average of $48.08 and a 200-day moving average of $49.46. The firm has a market cap of $48.39 billion, a P/E ratio of 79.64 and a beta of 0.12.

Southern Company (The) (NYSE:SO) last posted its quarterly earnings data 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. Southern Company (The) had a return on equity of 11.30% and a net margin of 2.93%. The firm had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $5.23 billion. During the same quarter in the prior year, the business earned $0.74 EPS. The business’s revenue for the quarter was up 21.7% compared to the same quarter last year. Analysts predict that Southern Company will post $2.95 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 6th. Shareholders 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 yield of 4.79%. The ex-dividend date is Thursday, August 17th. Southern Company (The)’s dividend payout ratio is 346.27%.

COPYRIGHT VIOLATION WARNING: “Hemenway Trust Co LLC Holds Position in Southern Company (The) (NYSE:SO)” was posted by Daily Political and is the property of of Daily Political. If you are accessing this story on another site, it was illegally copied and republished in violation of international copyright law. The correct version of this story can be accessed at https://www.dailypolitical.com/2017/08/13/hemenway-trust-co-llc-holds-position-in-southern-company-the-nyseso.html.

Several analysts have weighed in on the company. Zacks Investment Research downgraded Southern Company (The) from a “hold” rating to a “sell” rating in a research note on Tuesday, April 25th. Barclays PLC reaffirmed a “buy” rating and set a $55.00 target price on shares of Southern Company (The) in a research note on Monday, May 15th. Credit Suisse Group raised Southern Company (The) from an “underperform” rating to a “neutral” rating in a research note on Thursday, August 3rd. BidaskClub downgraded Southern Company (The) from a “hold” rating to a “sell” rating in a research note on Thursday. Finally, Morgan Stanley lifted their target price on Southern Company (The) from $50.00 to $51.00 and gave the company an “underweight” rating in a research note on Monday, May 8th. 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’s stock. The company presently has an average rating of “Hold” and an average price target of $48.79.

In other Southern Company (The) news, insider Ann P. Daiss sold 5,000 shares of the company’s stock in a transaction 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 transaction, the insider now owns 7,394 shares of the company’s stock, valued at approximately $379,164.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Art P. Beattie sold 46,940 shares of the company’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $51.50, for a total value of $2,417,410.00. Following the transaction, the insider now directly owns 59,493 shares in the company, valued at approximately $3,063,889.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 152,084 shares of company stock worth $7,665,158. Company insiders own 1.00% of the company’s stock.

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.

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.