Nwam LLC reduced its stake in Southern Company (The) (NYSE:SO) by 12.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,972 shares of the utilities provider’s stock after selling 954 shares during the period. Nwam LLC’s holdings in Southern Company (The) were worth $334,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Symmetry Partners LLC acquired a new stake in shares of Southern Company (The) during the first quarter valued at about $103,000. Stuart Chaussee & Associates Inc. grew its stake in shares of Southern Company (The) by 358.8% during the first quarter. Stuart Chaussee & Associates Inc. now owns 2,225 shares of the utilities provider’s stock valued at $111,000 after acquiring an additional 1,740 shares in the last quarter. IHT Wealth Management LLC grew its stake in shares of Southern Company (The) by 15.3% during the first quarter. IHT Wealth Management LLC now owns 2,281 shares of the utilities provider’s stock valued at $115,000 after acquiring an additional 302 shares in the last quarter. AlphaMark Advisors LLC grew its stake in shares of Southern Company (The) by 115.7% during the first quarter. AlphaMark Advisors LLC now owns 2,349 shares of the utilities provider’s stock valued at $117,000 after acquiring an additional 1,260 shares in the last quarter. Finally, Ruggie Capital Group grew its stake in shares of Southern Company (The) by 228.0% during the first quarter. Ruggie Capital Group now owns 2,578 shares of the utilities provider’s stock valued at $128,000 after acquiring an additional 1,792 shares in the last quarter. Hedge funds and other institutional investors own 53.27% of the company’s stock.

Southern Company (NYSE SO) opened at 49.42 on Thursday. The stock’s 50 day moving average is $48.62 and its 200 day moving average is $49.46. Southern Company has a 12 month low of $46.20 and a 12 month high of $53.73. The company has a market cap of $49.39 billion, a PE ratio of 81.28 and a beta of 0.13.

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 net margin of 2.93% and a return on equity of 11.30%. The company had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $5.23 billion. During the same quarter in the previous year, the firm posted $0.74 EPS. The business’s revenue was up 21.7% compared to the same quarter last year. 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 issued 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 4.69%. Southern Company (The)’s payout ratio is 346.27%.

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

In other news, 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 transaction, the executive vice president now owns 85,298 shares in the company, valued at approximately $4,204,338.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.74% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This report was originally published by Daily Political and is the sole property of of Daily Political. If you are reading this report on another domain, it was illegally stolen and republished in violation of international copyright & trademark laws. The legal version of this report can be viewed at https://www.dailypolitical.com/2017/09/14/nwam-llc-sells-954-shares-of-southern-company-the-so.html.

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.

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.