HighPoint Advisor Group LLC held its position in Southern Company (The) (NYSE:SO) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,832 shares of the utilities provider’s stock at the end of the 2nd quarter. HighPoint Advisor Group LLC’s holdings in Southern Company (The) were worth $1,212,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Bartlett & Co. LLC raised its holdings in Southern Company (The) by 0.3% during the second quarter. Bartlett & Co. LLC now owns 4,813 shares of the utilities provider’s stock valued at $230,000 after acquiring an additional 14 shares during the period. AlphaMark Advisors LLC increased its holdings in shares of Southern Company (The) by 0.6% in the second quarter. AlphaMark Advisors LLC now owns 2,363 shares of the utilities provider’s stock worth $113,000 after purchasing an additional 14 shares during the last quarter. South Texas Money Management Ltd. increased its holdings in shares of Southern Company (The) by 0.3% in the second quarter. South Texas Money Management Ltd. now owns 7,084 shares of the utilities provider’s stock worth $339,000 after purchasing an additional 19 shares during the last quarter. WMS Partners LLC increased its holdings in shares of Southern Company (The) by 0.6% in the second quarter. WMS Partners LLC now owns 4,387 shares of the utilities provider’s stock worth $210,000 after purchasing an additional 25 shares during the last quarter. Finally, Regal Investment Advisors LLC increased its holdings in shares of Southern Company (The) by 0.4% in the first quarter. Regal Investment Advisors LLC now owns 7,990 shares of the utilities provider’s stock worth $398,000 after purchasing an additional 29 shares during the last quarter. 52.88% of the stock is currently owned by institutional investors and hedge funds.

In other Southern Company (The) news, CEO William P. Bowers sold 85,151 shares of the business’s 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ann P. Daiss sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $52.28, for a total value of $261,400.00. Following the transaction, the insider now owns 7,394 shares of the company’s stock, valued at approximately $386,558.32. The disclosure for this sale can be found here. Insiders have sold 213,813 shares of company stock valued at $11,029,988 in the last 90 days. Company insiders own 1.00% of the company’s stock.

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Southern Company (NYSE SO) opened at $51.94 on Friday. The company has a market capitalization of $52,108.37, a PE ratio of 18.88, a P/E/G ratio of 4.69 and a beta of 0.15. Southern Company has a 12-month low of $46.20 and a 12-month high of $53.51. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.73 and a quick ratio of 0.57.

Southern Company (The) (NYSE:SO) last announced its earnings results on Wednesday, November 1st. The utilities provider reported $1.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.04. Southern Company (The) had a return on equity of 10.81% and a net margin of 2.59%. The business had revenue of $6.20 billion during the quarter, compared to analyst estimates of $6.16 billion. During the same quarter in the previous year, the business earned $1.27 earnings per share. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. analysts expect that Southern Company will post 2.95 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 6th. Shareholders 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 annualized dividend and a dividend yield of 4.47%. Southern Company (The)’s dividend payout ratio (DPR) is presently 414.29%.

SO has been the topic of several research reports. Guggenheim raised Southern Company (The) from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $49.00 to $56.00 in a report on Thursday, September 14th. Citigroup Inc. reaffirmed a “sell” rating and issued a $44.00 target price (up 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, Mizuho raised Southern Company (The) from a “neutral” rating to a “buy” rating and set a $53.00 target price on the stock in a report on Tuesday, September 5th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $49.72.

Southern Company (The) 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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