Investors sold shares of Southern Company (The) (NYSE:SO) on strength during trading 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 0th 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 research reports. Zacks Investment Research downgraded shares of Southern Company (The) from a “hold” rating to a “sell” rating in a report on Friday, June 16th. BidaskClub downgraded shares of Southern Company (The) from a “sell” rating to a “strong sell” rating in a report on Saturday, June 24th. Macquarie upgraded shares of Southern Company (The) from a “neutral” rating to an “outperform” rating and set a $52.00 target price on the stock in a report on Monday, July 10th. Morgan Stanley reduced their target price on shares of Southern Company (The) from $53.00 to $51.00 and set an “underweight” rating on the stock in a report on Friday, June 23rd. Finally, Jefferies Group LLC restated a “buy” rating and issued a $55.00 target price on shares of Southern Company (The) in a report on Wednesday, July 19th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $49.06.

The company has a 50-day moving average price of $48.31 and a 200-day moving average price of $49.44. The stock has a market capitalization of $49.58 billion, a PE ratio of 81.60 and a beta of 0.13.

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, 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 net margin of 2.93% and a return on equity of 11.30%. The company’s revenue was up 21.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.74 EPS. Equities analysts predict that Southern Company will post $2.94 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 6th. Stockholders of record on Monday, August 21st were given a dividend of $0.58 per share. The ex-dividend date was Thursday, August 17th. This represents a $2.32 annualized dividend and a dividend yield of 4.71%. Southern Company (The)’s dividend payout ratio is presently 346.27%.

In other news, EVP Christopher C. Womack sold 75,144 shares of Southern Company (The) 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 transaction, the executive vice president now directly owns 85,298 shares of the company’s stock, valued at approximately $4,204,338.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Art P. Beattie sold 46,940 shares of Southern Company (The) stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $51.50, for a total transaction of $2,417,410.00. Following the completion of the transaction, the insider now directly owns 59,493 shares in the company, valued at $3,063,889.50. The disclosure for this sale can be found here. Insiders sold a total of 152,084 shares of company stock worth $7,665,158 over the last ninety days. Corporate insiders own 1.00% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Southern Company (The) by 3.3% in the 2nd quarter. Vanguard Group Inc. now owns 71,053,604 shares of the utilities provider’s stock valued at $3,402,047,000 after acquiring an additional 2,295,466 shares during the period. BlackRock Inc. increased its holdings in shares of Southern Company (The) by 2,961.9% in the 1st quarter. BlackRock Inc. now owns 62,067,822 shares of the utilities provider’s stock valued at $3,089,736,000 after acquiring an additional 60,040,696 shares during the period. State Street Corp increased its holdings in shares of Southern Company (The) by 1.1% in the 1st quarter. State Street Corp now owns 48,900,251 shares of the utilities provider’s stock valued at $2,434,244,000 after acquiring an additional 515,397 shares during the period. Franklin Resources Inc. increased its holdings in shares of Southern Company (The) by 3.6% in the 2nd quarter. Franklin Resources Inc. now owns 22,379,839 shares of the utilities provider’s stock valued at $1,071,547,000 after acquiring an additional 770,413 shares during the period. Finally, Capital Research Global Investors increased its holdings in shares of Southern Company (The) by 25.3% in the 2nd quarter. Capital Research Global Investors now owns 14,940,226 shares of the utilities provider’s stock valued at $715,338,000 after acquiring an additional 3,015,226 shares during the period. 53.27% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: This piece was originally reported by Daily Political and is owned by of Daily Political. If you are accessing this piece on another site, it was illegally stolen and republished in violation of US and international trademark and copyright laws. The original version of this piece can be read at https://www.dailypolitical.com/2017/09/07/investors-sell-shares-of-southern-company-the-so-on-strength-so.html.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.