Jackson Grant Investment Advisers Inc. grew its holdings in Southern Company (The) (NYSE:SO) by 1.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,317 shares of the utilities provider’s stock after acquiring an additional 38 shares during the period. Jackson Grant Investment Advisers Inc.’s holdings in Southern Company (The) were worth $159,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also bought and sold shares of SO. Pathstone Family Office LLC acquired a new position in shares of Southern Company (The) during the first quarter worth $170,000. Epoch Investment Partners Inc. grew its stake in shares of Southern Company (The) by 5.0% during the first quarter. Epoch Investment Partners Inc. now owns 3,249,597 shares of the utilities provider’s stock worth $161,765,000 after purchasing an additional 154,093 shares in the last quarter. Pennsylvania Trust Co grew its stake in shares of Southern Company (The) by 38.2% during the second quarter. Pennsylvania Trust Co now owns 33,700 shares of the utilities provider’s stock worth $1,614,000 after purchasing an additional 9,314 shares in the last quarter. Cornerstone Capital Inc. grew its stake in shares of Southern Company (The) by 1.7% during the second quarter. Cornerstone Capital Inc. now owns 144,546 shares of the utilities provider’s stock worth $6,921,000 after purchasing an additional 2,460 shares in the last quarter. Finally, First National Bank of Omaha grew its stake in shares of Southern Company (The) by 0.5% during the second quarter. First National Bank of Omaha now owns 15,070 shares of the utilities provider’s stock worth $721,000 after purchasing an additional 70 shares in the last quarter. Institutional investors and hedge funds own 53.27% of the company’s stock.

Shares of Southern Company (NYSE SO) opened at 52.20 on Tuesday. The company has a 50-day moving average of $49.97 and a 200-day moving average of $49.42. The stock has a market capitalization of $52.17 billion, a PE ratio of 85.86 and a beta of 0.13. Southern Company has a 12 month low of $46.20 and a 12 month high of $52.34.

Southern Company (The) (NYSE:SO) last posted its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.73 earnings per share (EPS) for the quarter, topping the Zacks’ 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 the consensus estimate of $5.23 billion. During the same period last year, the firm posted $0.74 EPS. The company’s revenue for the quarter was up 21.7% on a year-over-year basis. On average, equities research analysts expect that Southern Company will post $2.95 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Monday, November 20th will be given a $0.58 dividend. The ex-dividend date is Friday, November 17th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 4.44%. Southern Company (The)’s payout ratio is currently 346.27%.

In other news, CEO William P. Bowers sold 85,151 shares of the firm’s stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $50.00, for a total value of $4,257,550.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Christopher C. Womack sold 75,144 shares of the firm’s stock in a transaction dated 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 in the company, valued at $4,204,338.42. The disclosure for this sale can be found here. Company insiders own 0.74% of the company’s stock.

A number of brokerages recently commented on SO. J P Morgan Chase & Co began coverage on shares of Southern Company (The) in a research note on Tuesday, August 8th. They set an “overweight” rating and a $16.78 target price for the company. SunTrust Banks, Inc. reiterated a “hold” rating and set a $52.00 target price on shares of Southern Company (The) in a research note on Friday. Credit Suisse Group upgraded shares of Southern Company (The) from an “underperform” rating to a “neutral” rating in a research note on Thursday, August 3rd. Royal Bank Of Canada upgraded shares of Southern Company (The) from a “sector perform” rating to an “outperform” rating and set a $53.00 target price for the company in a research note on Friday, September 29th. Finally, Citigroup Inc. boosted their target price on shares of Southern Company (The) from $42.00 to $43.00 and gave the stock a “sell” rating in a research note on Wednesday, July 26th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $49.63.

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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.

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

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