Whitnell & Co. continued to hold its position in Southern Company (The) (NYSE:SO) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,135 shares of the utilities provider’s stock at the end of the second quarter. Whitnell & Co.’s holdings in Southern Company (The) were worth $150,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in SO. Symmetry Partners LLC acquired a new position in Southern Company (The) in the first quarter valued at about $103,000. Stuart Chaussee & Associates Inc. boosted its position in Southern Company (The) by 358.8% in the first quarter. Stuart Chaussee & Associates Inc. now owns 2,225 shares of the utilities provider’s stock valued at $111,000 after buying an additional 1,740 shares in the last quarter. IHT Wealth Management LLC boosted its position in Southern Company (The) by 15.3% in the first quarter. IHT Wealth Management LLC now owns 2,281 shares of the utilities provider’s stock valued at $115,000 after buying an additional 302 shares in the last quarter. AlphaMark Advisors LLC boosted its position in Southern Company (The) by 115.7% in the first quarter. AlphaMark Advisors LLC now owns 2,349 shares of the utilities provider’s stock valued at $117,000 after buying an additional 1,260 shares in the last quarter. Finally, Ruggie Capital Group boosted its position in Southern Company (The) by 228.0% in the first quarter. Ruggie Capital Group now owns 2,578 shares of the utilities provider’s stock valued at $128,000 after buying an additional 1,792 shares in the last quarter. Hedge funds and other institutional investors own 53.28% of the company’s stock.

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A number of equities analysts have commented on SO shares. Guggenheim upgraded shares of Southern Company (The) from a “neutral” rating to a “buy” rating and boosted their price target for the company from $49.00 to $56.00 in a research report on Thursday, September 14th. BidaskClub upgraded shares of Southern Company (The) from a “strong sell” rating to a “sell” rating in a research report on Monday, July 24th. Jefferies Group LLC reiterated a “buy” rating and set a $55.00 target price on shares of Southern Company (The) in a research report on Wednesday, July 19th. Mizuho upgraded 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 report on Tuesday, September 5th. Finally, Royal Bank Of Canada reduced their target price on shares of Southern Company (The) from $54.00 to $53.00 and set a “sector perform” rating on the stock in a research report on Wednesday, June 28th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $49.63.

In related news, EVP Christopher C. Womack sold 75,144 shares of Southern Company (The) stock in a transaction that occurred 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 sale, the executive vice president now directly owns 85,298 shares in the company, valued at approximately $4,204,338.42. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.00% of the stock is owned by company insiders.

Shares of Southern Company (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 company’s 50 day moving average is $48.99 and its 200-day moving average 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 posted its earnings results on Wednesday, August 2nd. The utilities provider reported $0.73 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 business had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $5.23 billion. During the same period last year, the company earned $0.74 EPS. The firm’s 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 given a dividend of $0.58 per share. The ex-dividend date of this dividend was Thursday, August 17th. This represents a $2.32 annualized dividend and a yield of 4.69%. Southern Company (The)’s dividend payout ratio 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.

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

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