YHB Investment Advisors Inc. lessened its stake in shares of Southern Company (The) (NYSE:SO) by 1.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,013 shares of the utilities provider’s stock after selling 105 shares during the quarter. YHB Investment Advisors Inc.’s holdings in Southern Company (The) were worth $432,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of SO. Symmetry Partners LLC acquired a new position in shares of Southern Company (The) during the first quarter valued at approximately $103,000. Stuart Chaussee & Associates Inc. increased 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 during the period. IHT Wealth Management LLC increased 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 during the period. AlphaMark Advisors LLC increased 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 during the period. Finally, Ruggie Capital Group increased 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 during the period. Institutional investors and hedge funds own 53.28% of the company’s stock.

A number of brokerages recently weighed in on SO. Zacks Investment Research cut shares of Southern Company (The) from a “hold” rating to a “sell” rating in a report on Friday, June 16th. BidaskClub cut shares of Southern Company (The) from a “sell” rating to a “strong sell” rating in a report on Saturday, June 24th. Macquarie upgraded shares of Southern Company (The) from a “neutral” rating to an “outperform” rating and set a $52.00 target price for the company in a report on Monday, July 10th. Morgan Stanley reduced their target price on shares of Southern Company (The) from $53.00 to $51.00 and set an “underweight” rating for the company in a report on Friday, June 23rd. Finally, KeyCorp restated a “hold” rating on shares of Southern Company (The) in a report on Friday, September 1st. Three 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. The company has an average rating of “Hold” and a consensus target price of $49.63.

Southern Company (NYSE SO) opened at 48.82 on Friday. The company has a 50-day moving average of $48.99 and a 200-day moving average of $49.45. The firm has a market cap of $48.79 billion, a price-to-earnings ratio of 80.30 and a beta of 0.13. 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 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.02. The company had revenue of $5.43 billion during the quarter, compared to analysts’ expectations of $5.23 billion. Southern Company (The) had a net margin of 2.93% and a return on equity of 11.30%. The business’s quarterly revenue was up 21.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.74 earnings per share. Analysts predict that Southern Company will post $2.94 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 6th. Stockholders of record on Monday, August 21st were issued a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 4.75%. The ex-dividend date of this dividend was Thursday, August 17th. Southern Company (The)’s dividend payout ratio (DPR) is presently 346.27%.

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In other 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 completion of the transaction, the executive vice president now owns 85,298 shares in the company, valued at $4,204,338.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is owned by corporate insiders.

About Southern Company (The)

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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