Tompkins Financial Corp boosted its stake in Southern Company (The) (NYSE:SO) by 1.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 50,351 shares of the utilities provider’s stock after acquiring an additional 911 shares during the quarter. Tompkins Financial Corp’s holdings in Southern Company (The) were worth $2,411,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in SO. BlackRock Inc. grew its stake in 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. Ameriprise Financial Inc. grew its stake in Southern Company (The) by 205.4% in the 1st quarter. Ameriprise Financial Inc. now owns 8,803,018 shares of the utilities provider’s stock valued at $438,168,000 after acquiring an additional 5,920,212 shares during the period. Vanguard Group Inc. grew its stake in Southern Company (The) by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 68,758,138 shares of the utilities provider’s stock valued at $3,422,780,000 after acquiring an additional 2,688,854 shares during the period. Canada Pension Plan Investment Board grew its stake in Southern Company (The) by 876.2% in the 1st quarter. Canada Pension Plan Investment Board now owns 1,074,910 shares of the utilities provider’s stock valued at $53,509,000 after acquiring an additional 964,800 shares during the period. Finally, Swiss National Bank grew its stake in Southern Company (The) by 20.3% in the 1st quarter. Swiss National Bank now owns 4,978,424 shares of the utilities provider’s stock valued at $247,826,000 after acquiring an additional 841,100 shares during the period. 53.27% of the stock is currently owned by hedge funds and other institutional investors.

In other news, EVP Christopher C. Womack sold 75,144 shares of the company’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $49.29, for a total value of $3,703,847.76. Following the sale, the executive vice president now directly owns 85,298 shares in the company, valued at $4,204,338.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.74% of the stock is owned by corporate insiders.

A number of equities research analysts recently issued reports on the stock. J P Morgan Chase & Co assumed coverage on shares of Southern Company (The) in a research note on Tuesday, August 8th. They issued an “overweight” rating and a $16.78 price target on the stock. Credit Suisse Group upgraded Southern Company (The) from an “underperform” rating to a “neutral” rating in a report on Thursday, August 3rd. Citigroup Inc. raised their price objective on Southern Company (The) from $42.00 to $43.00 and gave the company a “sell” rating in a report on Wednesday, July 26th. Morgan Stanley set a $50.00 price objective on Southern Company (The) and gave the company a “sell” rating in a report on Thursday, August 10th. Finally, Deutsche Bank AG upgraded Southern Company (The) from a “hold” rating to a “buy” rating and raised their price objective for the company from $50.00 to $52.00 in a report on Tuesday, August 1st. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $49.14.

Southern Company (NYSE SO) traded down 0.20% on Wednesday, hitting $49.46. The stock had a trading volume of 1,768,514 shares. The stock has a market cap of $49.43 billion, a price-to-earnings ratio of 81.35 and a beta of 0.13. The stock’s 50 day moving average is $48.62 and its 200 day moving average is $49.46. Southern Company has a one year low of $46.20 and a one year 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 (EPS) for the quarter, beating the Thomson Reuters’ 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 business had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $5.23 billion. During the same period in the prior year, the business earned $0.74 earnings per share. The business’s revenue was up 21.7% on a year-over-year basis. Analysts anticipate 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 $0.58 dividend. The ex-dividend date of this dividend was Thursday, August 17th. This represents a $2.32 annualized dividend and a dividend yield of 4.68%. Southern Company (The)’s dividend payout ratio is currently 346.27%.

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

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