Telemus Capital LLC boosted its holdings in Southern Company (The) (NYSE:SO) by 0.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,550 shares of the utilities provider’s stock after purchasing an additional 50 shares during the quarter. Telemus Capital LLC’s holdings in Southern Company (The) were worth $266,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Symmetry Partners LLC acquired a new stake in Southern Company (The) in the first quarter valued at approximately $103,000. Stuart Chaussee & Associates Inc. grew its stake 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 acquiring an additional 1,740 shares during the period. IHT Wealth Management LLC grew its stake 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 acquiring an additional 302 shares during the period. AlphaMark Advisors LLC grew its stake 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 acquiring an additional 1,260 shares during the period. Finally, Ruggie Capital Group grew its stake 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 acquiring an additional 1,792 shares during the period. Institutional investors and hedge funds own 53.28% of the company’s stock.

SO has been the subject of a number of research reports. Zacks Investment Research cut Southern Company (The) from a “hold” rating to a “sell” rating in a research note on Friday, June 16th. BidaskClub cut Southern Company (The) from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 24th. Macquarie raised Southern Company (The) from a “neutral” rating to an “outperform” rating and set a $52.00 price objective for the company in a research note on Monday, July 10th. Morgan Stanley reduced their price objective on Southern Company (The) from $53.00 to $51.00 and set an “underweight” rating for the company in a research note on Friday, June 23rd. Finally, KeyCorp reissued 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 assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $49.63.

In related news, EVP Christopher C. Womack sold 75,144 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $49.29, for a total transaction of $3,703,847.76. Following the completion of 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 filing with the SEC, which can be accessed through this link. 1.00% of the stock is owned by company insiders.

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Southern Company (NYSE:SO) opened at 48.82 on Friday. Southern Company has a 12 month low of $46.20 and a 12 month high of $53.73. The stock has a market cap of $48.79 billion, a PE ratio of 80.30 and a beta of 0.13. The company’s 50 day moving average price is $48.99 and its 200 day moving average price is $49.45.

Southern Company (The) (NYSE:SO) last posted its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.73 earnings per share for the quarter, beating the Zacks’ consensus estimate 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 analyst estimates of $5.23 billion. During the same quarter last year, the company earned $0.74 EPS. The firm’s revenue for the quarter was up 21.7% on a year-over-year basis. Equities analysts forecast that Southern Company will post $2.94 EPS 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 dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a 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%.

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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