GSB Wealth Management LLC maintained its position in Southern Company (The) (NYSE:SO) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,480 shares of the utilities provider’s stock at the end of the second quarter. Southern Company (The) accounts for 1.6% of GSB Wealth Management LLC’s portfolio, making the stock its 18th largest holding. GSB Wealth Management LLC’s holdings in Southern Company (The) were worth $358,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of SO. BlackRock Inc. raised its stake in Southern Company (The) by 2,961.9% during the first quarter. BlackRock Inc. now owns 62,067,822 shares of the utilities provider’s stock worth $3,089,736,000 after purchasing an additional 60,040,696 shares during the period. Janus Henderson Group PLC raised its stake in shares of Southern Company (The) by 3,580.1% in the 2nd quarter. Janus Henderson Group PLC now owns 4,673,498 shares of the utilities provider’s stock valued at $223,766,000 after acquiring an additional 4,546,503 shares during the period. Capital Research Global Investors raised its stake in shares of Southern Company (The) by 25.3% in the 2nd quarter. Capital Research Global Investors now owns 14,940,226 shares of the utilities provider’s stock valued at $715,338,000 after acquiring an additional 3,015,226 shares during the period. Vanguard Group Inc. raised its stake in shares of Southern Company (The) by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 68,758,138 shares of the utilities provider’s stock valued at $3,422,780,000 after acquiring an additional 2,688,854 shares during the period. Finally, Franklin Resources Inc. raised its stake in shares of Southern Company (The) by 3.6% in the 2nd quarter. Franklin Resources Inc. now owns 22,379,839 shares of the utilities provider’s stock valued at $1,071,547,000 after acquiring an additional 770,413 shares during the period. 52.88% of the stock is currently owned by institutional investors.

A number of equities analysts have recently commented on the stock. Credit Suisse Group raised shares of Southern Company (The) from an “underperform” rating to a “neutral” rating in a research note on Thursday, August 3rd. BidaskClub downgraded shares of Southern Company (The) from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Citigroup Inc. raised their target price on shares of Southern Company (The) from $42.00 to $43.00 and gave the company a “sell” rating in a research note on Wednesday, July 26th. J P Morgan Chase & Co assumed coverage on shares of Southern Company (The) in a research note on Tuesday, August 8th. They issued an “overweight” rating and a $16.78 target price on the stock. Finally, Barclays PLC reissued a “buy” rating and issued a $54.00 target price on shares of Southern Company (The) in a research note on Tuesday, July 25th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $49.72.

Shares of Southern Company (NYSE SO) opened at $50.97 on Friday. Southern Company has a one year low of $46.20 and a one year high of $53.51. The stock has a market cap of $51,154.92, a price-to-earnings ratio of 18.53, a P/E/G ratio of 4.60 and a beta of 0.15. The company has a current ratio of 0.73, a quick ratio of 0.57 and a debt-to-equity ratio of 1.73.

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

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 6th. Shareholders of record on Monday, November 20th will be issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 4.55%. The ex-dividend date is Friday, November 17th. Southern Company (The)’s dividend payout ratio is currently 414.29%.

In other news, EVP Christopher C. Womack sold 46,641 shares of Southern Company (The) stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $53.00, for a total value of $2,471,973.00. Following the completion of the transaction, the executive vice president now directly owns 56,799 shares of the company’s stock, valued at approximately $3,010,347. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO William P. Bowers sold 85,151 shares of Southern Company (The) stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $50.00, for a total transaction of $4,257,550.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 213,813 shares of company stock valued at $11,029,988. 1.00% of the stock is owned by company insiders.

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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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