Enterprise Financial Services Corp lifted its stake in Southern Company (The) (NYSE:SO) by 24.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,524 shares of the utilities provider’s stock after purchasing an additional 699 shares during the quarter. Enterprise Financial Services Corp’s holdings in Southern Company (The) were worth $169,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of SO. Waldron LP purchased a new position in shares of Southern Company (The) in the 1st quarter worth about $216,000. AMF Pensionsforsakring AB raised its position in shares of Southern Company (The) by 13.7% in the 1st quarter. AMF Pensionsforsakring AB now owns 180,415 shares of the utilities provider’s stock worth $8,981,000 after purchasing an additional 21,800 shares during the last quarter. Hennessy Advisors Inc. raised its position in shares of Southern Company (The) by 3.7% in the 1st quarter. Hennessy Advisors Inc. now owns 1,185,950 shares of the utilities provider’s stock worth $59,037,000 after purchasing an additional 42,850 shares during the last quarter. Capital Advisors Inc. OK raised its position in shares of Southern Company (The) by 4.1% in the 1st quarter. Capital Advisors Inc. OK now owns 276,288 shares of the utilities provider’s stock worth $13,754,000 after purchasing an additional 10,967 shares during the last quarter. Finally, First Bank & Trust raised its position in shares of Southern Company (The) by 4.9% in the 1st quarter. First Bank & Trust now owns 33,941 shares of the utilities provider’s stock worth $1,689,000 after purchasing an additional 1,576 shares during the last quarter. 53.28% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have recently issued reports on SO shares. Jefferies Group LLC reaffirmed a “buy” rating and issued a $55.00 price target on shares of Southern Company (The) in a research report on Wednesday, July 19th. Barclays PLC reaffirmed a “buy” rating and issued a $54.00 price target on shares of Southern Company (The) in a research report on Tuesday, July 25th. Deutsche Bank AG raised Southern Company (The) from a “hold” rating to a “buy” rating and lifted their price target for the stock from $50.00 to $52.00 in a research report on Tuesday, August 1st. Mizuho raised Southern Company (The) from a “neutral” rating to a “buy” rating and set a $53.00 price target for the company in a research report on Tuesday, September 5th. Finally, Guggenheim raised Southern Company (The) from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $49.00 to $56.00 in a research report on Thursday, September 14th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $49.63.

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In other Southern Company (The) news, EVP Christopher C. Womack sold 75,144 shares of the stock in a transaction dated 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 completion of the sale, 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 is available at this link. Company insiders own 1.00% of the company’s stock.

Shares of Southern Company (NYSE:SO) opened at 49.27 on Friday. The company has a market capitalization of $49.24 billion, a P/E ratio of 81.04 and a beta of 0.13. The firm’s 50 day moving average price is $48.99 and its 200-day moving average price is $49.45. Southern Company has a 1-year low of $46.20 and a 1-year high of $53.73.

Southern Company (The) (NYSE:SO) last released its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.73 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $5.43 billion during the quarter, compared to analysts’ expectations of $5.23 billion. During the same period last year, the business posted $0.74 earnings per share. The firm’s revenue was up 21.7% compared to the same quarter last year. Analysts expect that Southern Company will post $2.94 EPS for the current year.

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

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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