Wilbanks Smith & Thomas Asset Management LLC lessened its holdings in shares of Southern Company (The) (NYSE:SO) by 4.9% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 46,838 shares of the utilities provider’s stock after selling 2,389 shares during the period. Wilbanks Smith & Thomas Asset Management LLC’s holdings in Southern Company (The) were worth $2,243,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Chicago Partners Investment Group LLC acquired a new position in shares of Southern Company (The) during the 2nd quarter worth about $100,000. IHT Wealth Management LLC lifted its position in shares of Southern Company (The) by 15.3% during the 1st quarter. IHT Wealth Management LLC now owns 2,281 shares of the utilities provider’s stock worth $115,000 after purchasing an additional 302 shares during the last quarter. Monroe Bank & Trust MI raised its holdings in Southern Company (The) by 17.9% in the 2nd quarter. Monroe Bank & Trust MI now owns 2,300 shares of the utilities provider’s stock valued at $110,000 after acquiring an additional 350 shares in the last quarter. AlphaMark Advisors LLC raised its holdings in Southern Company (The) by 115.7% in the 1st 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 in the last quarter. Finally, Ruggie Capital Group raised its holdings in Southern Company (The) by 228.0% in the 1st 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 in the last quarter. 52.88% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: This piece of content was first reported by Daily Political and is owned by of Daily Political. If you are reading this piece of content on another domain, it was illegally copied and reposted in violation of United States & international copyright legislation. The correct version of this piece of content can be read at https://www.dailypolitical.com/2017/11/16/southern-company-the-so-shares-sold-by-wilbanks-smith-thomas-asset-management-llc.html.

Several equities analysts have commented on SO shares. Guggenheim raised Southern Company (The) from a “neutral” rating to a “buy” rating and upped their price target for the company from $49.00 to $56.00 in a report on Thursday, September 14th. Citigroup Inc. reaffirmed a “sell” rating and issued a $44.00 price target (up previously from $43.00) on shares of Southern Company (The) in a report on Tuesday, October 3rd. Zacks Investment Research cut Southern Company (The) from a “buy” rating to a “hold” rating in a report on Friday, October 13th. BidaskClub raised Southern Company (The) from a “strong sell” rating to a “sell” rating in a report on Monday, July 24th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $55.00 price target on shares of Southern Company (The) in a report on Wednesday, July 19th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the stock. Southern Company (The) currently has a consensus rating of “Hold” and an average price target of $49.72.

Southern Company (NYSE SO) opened at $51.92 on Thursday. Southern Company has a twelve month low of $46.20 and a twelve month high of $53.51. The company has a quick ratio of 0.57, a current ratio of 0.73 and a debt-to-equity ratio of 1.73. The stock has a market capitalization of $52,110.00, a P/E ratio of 19.02, a PEG ratio of 4.73 and a beta of 0.15.

Southern Company (The) (NYSE:SO) last issued its earnings results on Wednesday, November 1st. The utilities provider reported $1.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.04. The business had revenue of $6.20 billion during the quarter, compared to analysts’ expectations of $6.16 billion. Southern Company (The) had a return on equity of 10.81% and a net margin of 2.59%. Southern Company (The)’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.27 EPS. research analysts predict that Southern Company will post 2.95 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 6th. Investors of record on Monday, November 20th will be given a dividend of $0.58 per share. The ex-dividend date is Friday, November 17th. This represents a $2.32 dividend on an annualized basis and a yield of 4.47%. Southern Company (The)’s dividend payout ratio (DPR) is presently 414.29%.

In related news, CEO William P. Bowers sold 85,151 shares of the stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $50.00, for a total transaction of $4,257,550.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Ann P. Daiss sold 5,080 shares of the stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $53.28, for a total value of $270,662.40. Following the sale, the insider now owns 7,474 shares in the company, valued at $398,214.72. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 213,813 shares of company stock worth $11,029,988. 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.

Want to see what other hedge funds are holding SO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Southern Company (The) (NYSE:SO).

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

Receive News & Ratings for Southern Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southern Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.