Banced Corp held its position in Southern Company (The) (NYSE:SO) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,190 shares of the utilities provider’s stock at the close of the second quarter. Banced Corp’s holdings in Southern Company (The) were worth $296,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Pathstone Family Office LLC bought a new position in Southern Company (The) during the first quarter worth about $170,000. Cambridge Investment Research Advisors Inc. increased its position in Southern Company (The) by 14.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 197,743 shares of the utilities provider’s stock worth $9,844,000 after acquiring an additional 24,248 shares during the period. AlphaMark Advisors LLC increased its position in Southern Company (The) by 115.7% during the first quarter. AlphaMark Advisors LLC now owns 2,349 shares of the utilities provider’s stock worth $117,000 after acquiring an additional 1,260 shares during the period. Stifel Financial Corp increased its position in Southern Company (The) by 5.2% during the first quarter. Stifel Financial Corp now owns 1,640,131 shares of the utilities provider’s stock worth $81,543,000 after acquiring an additional 81,148 shares during the period. Finally, Elkfork Partners LLC increased its position in Southern Company (The) by 23.9% during the first quarter. Elkfork Partners LLC now owns 695,470 shares of the utilities provider’s stock worth $34,620,000 after acquiring an additional 134,062 shares during the period. 53.27% of the stock is currently owned by institutional investors and hedge funds.

In related news, EVP Christopher C. Womack sold 75,144 shares of the company’s stock in a transaction that occurred 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 in the company, valued at $4,204,338.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.00% of the stock is currently owned by corporate insiders.

Southern Company (NYSE:SO) traded up 2.00% during midday trading on Thursday, hitting $50.41. 2,840,414 shares of the stock were exchanged. Southern Company has a 1-year low of $46.20 and a 1-year high of $53.73. The company has a market capitalization of $50.38 billion, a P/E ratio of 82.91 and a beta of 0.13. The company’s 50 day moving average is $48.62 and its 200 day moving average is $49.46.

Southern Company (The) (NYSE:SO) last announced its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.02. The firm 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 company’s revenue was up 21.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.74 earnings per share. Analysts predict that Southern Company will post $2.94 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 6th. Investors of record on Monday, August 21st were given a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 4.69%. The ex-dividend date was Thursday, August 17th. Southern Company (The)’s dividend payout ratio (DPR) is 346.27%.

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SO has been the topic of several recent analyst reports. Zacks Investment Research lowered shares of Southern Company (The) from a “hold” rating to a “sell” rating in a report on Friday, June 16th. BidaskClub lowered shares of Southern Company (The) from a “sell” rating to a “strong sell” rating in a report on Saturday, June 24th. Macquarie raised 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 decreased 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 reissued a “buy” rating and issued a $55.00 target price on shares of Southern Company (The) in a report on Wednesday, July 19th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $49.14.

Southern Company (The) 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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