Stokes & Hubbell Capital Management LLC raised its position in shares of Southern Company (The) (NYSE:SO) by 10.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,302 shares of the utilities provider’s stock after purchasing an additional 1,784 shares during the period. Stokes & Hubbell Capital Management LLC’s holdings in Southern Company (The) were worth $876,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Pathstone Family Office LLC bought a new stake in shares of Southern Company (The) during the first quarter worth $170,000. Cambridge Investment Research Advisors Inc. grew its stake in shares of 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 buying an additional 24,248 shares during 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 worth $117,000 after buying an additional 1,260 shares during the last quarter. Stifel Financial Corp grew its stake in shares of 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 buying an additional 81,148 shares during the last quarter. Finally, Elkfork Partners LLC grew its stake in shares of 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 buying an additional 134,062 shares during the last quarter. Institutional investors and hedge funds own 53.27% of the company’s stock.

In related news, EVP Christopher C. Womack sold 75,144 shares of the stock in a transaction on 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 of the company’s stock, valued at approximately $4,204,338.42. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.00% of the stock is currently owned by company insiders.

A number of analysts have weighed in on the stock. Guggenheim raised shares of Southern Company (The) from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $49.00 to $56.00 in a research note on Thursday. Jefferies Group LLC reaffirmed a “buy” rating and set a $56.00 target price (up previously from $55.00) on shares of Southern Company (The) in a research note on Tuesday. Zacks Investment Research cut shares of Southern Company (The) from a “hold” rating to a “sell” rating in a research note on Monday. Mizuho raised shares of Southern Company (The) from a “neutral” rating to a “buy” rating and set a $53.00 target price on the stock in a research note on Tuesday, September 5th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Southern Company (The) in a research note on Friday, September 1st. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $49.63.

Shares of Southern Company (SO) traded up 0.10% during mid-day trading on Friday, hitting $50.45. 3,265,470 shares of the company traded hands. The firm’s 50 day moving average price is $48.78 and its 200-day moving average price is $49.47. Southern Company has a 1-year low of $46.20 and a 1-year high of $53.73. The stock has a market capitalization of $50.42 billion, a PE ratio of 82.98 and a beta of 0.13.

Southern Company (The) (NYSE:SO) last released its earnings results on Wednesday, August 2nd. The utilities provider reported $0.73 EPS for the quarter, beating the Thomson Reuters’ 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 analyst estimates of $5.23 billion. During the same quarter last year, the firm earned $0.74 EPS. The firm’s quarterly revenue was up 21.7% compared to the same quarter last year. On average, equities research analysts forecast that Southern Company will post $2.94 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 6th. Investors of record on Monday, August 21st were issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 4.60%. The ex-dividend date was Thursday, August 17th. 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.

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

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