Fulton Bank N.A. boosted its holdings in shares of Southern Company (The) (NYSE:SO) by 4.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,711 shares of the utilities provider’s stock after acquiring an additional 2,122 shares during the period. Fulton Bank N.A.’s holdings in Southern Company (The) were worth $2,394,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. YHB Investment Advisors Inc. grew its holdings in shares of Southern Company (The) by 7.3% during the first quarter. YHB Investment Advisors Inc. now owns 9,118 shares of the utilities provider’s stock worth $454,000 after buying an additional 621 shares in the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. grew its holdings in shares of Southern Company (The) by 0.6% during the first quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 88,640 shares of the utilities provider’s stock worth $4,413,000 after buying an additional 565 shares in the last quarter. KBC Group NV grew its holdings in shares of Southern Company (The) by 15.1% during the first quarter. KBC Group NV now owns 94,012 shares of the utilities provider’s stock worth $4,680,000 after buying an additional 12,298 shares in the last quarter. Ronald Blue & Co. LLC grew its holdings in shares of Southern Company (The) by 2.3% during the first quarter. Ronald Blue & Co. LLC now owns 16,714 shares of the utilities provider’s stock worth $832,000 after buying an additional 371 shares in the last quarter. Finally, USS Investment Management Ltd grew its holdings in shares of Southern Company (The) by 8.6% during the first quarter. USS Investment Management Ltd now owns 114,429 shares of the utilities provider’s stock worth $5,697,000 after buying an additional 9,100 shares in the last quarter. Institutional investors own 52.64% of the company’s stock.

Shares of Southern Company (NYSE:SO) opened at $51.18 on Tuesday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.57 and a current ratio of 0.73. Southern Company has a 52 week low of $46.20 and a 52 week high of $53.51. The stock has a market cap of $51,150.00, a P/E ratio of 18.53, a price-to-earnings-growth ratio of 4.60 and a beta of 0.15.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 6th. Shareholders of record on Monday, November 20th will be paid a dividend of $0.58 per share. The ex-dividend date is Friday, November 17th. This represents a $2.32 annualized dividend and a yield of 4.53%. Southern Company (The)’s dividend payout ratio is currently 414.29%.

SO has been the subject of a number of recent research reports. Zacks Investment Research downgraded shares of Southern Company (The) from a “hold” rating to a “sell” rating in a report on Monday, September 11th. Jefferies Group LLC reiterated a “buy” rating and set a $56.00 price target (up from $55.00) on shares of Southern Company (The) in a report on Tuesday, September 12th. KeyCorp reiterated a “hold” rating on shares of Southern Company (The) in a report on Friday, September 1st. Mizuho upgraded shares of Southern Company (The) from a “neutral” rating to a “buy” rating and set a $53.00 price target for the company in a report on Tuesday, September 5th. Finally, Bank of America Corporation restated an “underperform” rating and issued a $51.00 target price on shares of Southern Company (The) in a report on Tuesday, October 24th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $49.72.

In other news, CEO William P. Bowers sold 85,151 shares of the business’s stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $50.00, for a total transaction of $4,257,550.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP James Y. Kerr II sold 25,000 shares of the business’s stock in a transaction on Friday, October 20th. The stock was sold at an average price of $52.16, for a total transaction of $1,304,000.00. Following the transaction, the vice president now directly owns 26,000 shares in the company, valued at $1,356,160. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 213,813 shares of company stock valued at $11,029,988. 0.74% of the stock is owned by insiders.

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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.

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

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