Investors sold shares of Southern Company (The) (NYSE:SO) on strength during trading hours on Tuesday. $13.52 million flowed into the stock on the tick-up and $18.23 million flowed out of the stock on the tick-down, for a money net flow of $4.71 million out of the stock. Of all companies tracked, Southern Company (The) had the 44th highest net out-flow for the day. Southern Company (The) traded up $0.48 for the day and closed at $48.74

SO has been the topic of a number of recent research reports. Zacks Investment Research raised shares of Southern Company (The) from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd. Deutsche Bank AG raised shares of Southern Company (The) from a “hold” rating to a “buy” rating and lifted their target price for the company from $50.00 to $52.00 in a report on Tuesday, August 1st. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $53.00 target price on shares of Southern Company (The) in a report on Monday, July 31st. BidaskClub cut shares of Southern Company (The) from a “sell” rating to a “strong sell” rating in a report on Saturday, June 24th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Southern Company (The) in a report on Friday. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $49.06.

The stock has a market cap of $49.13 billion, a P/E ratio of 80.86 and a beta of 0.13. The stock’s 50-day moving average is $48.25 and its 200 day moving average is $49.44.

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

The business also recently announced 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. This represents a $2.32 dividend on an annualized basis and a yield of 4.72%. The ex-dividend date of this dividend is Thursday, August 17th. Southern Company (The)’s payout ratio is 346.27%.

In other Southern Company (The) news, CEO Mark Lantrip sold 25,000 shares of the firm’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 $1,287,500.00. Following the sale, the chief executive officer now directly owns 31,080 shares in the company, valued at $1,600,620. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Christopher C. Womack sold 75,144 shares of the firm’s stock in a transaction on Thursday, August 3rd. The shares were 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 in the company, valued at $4,204,338.42. The disclosure for this sale can be found here. Insiders sold 152,084 shares of company stock worth $7,665,158 over the last quarter. 0.74% of the stock is currently owned by company insiders.

A number of hedge funds have recently bought and sold shares of the business. Bartlett & Co. LLC lifted its stake in Southern Company (The) by 0.3% in the first quarter. Bartlett & Co. LLC now owns 4,799 shares of the utilities provider’s stock valued at $239,000 after buying an additional 14 shares during the last quarter. AlphaMark Advisors LLC lifted its stake in Southern Company (The) by 0.6% in the second quarter. AlphaMark Advisors LLC now owns 2,363 shares of the utilities provider’s stock valued at $113,000 after buying an additional 14 shares during the last quarter. South Texas Money Management Ltd. lifted its stake in Southern Company (The) by 0.3% in the second quarter. South Texas Money Management Ltd. now owns 7,084 shares of the utilities provider’s stock valued at $339,000 after buying an additional 19 shares during the last quarter. WMS Partners LLC lifted its stake in Southern Company (The) by 0.6% in the second quarter. WMS Partners LLC now owns 4,387 shares of the utilities provider’s stock valued at $210,000 after buying an additional 25 shares during the last quarter. Finally, Sfmg LLC lifted its stake in Southern Company (The) by 0.4% in the first quarter. Sfmg LLC now owns 6,406 shares of the utilities provider’s stock valued at $319,000 after buying an additional 28 shares during the last quarter. Institutional investors own 53.27% of the company’s stock.

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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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