Trustmark National Bank Trust Department Has $5.61 Million Position in Southern Company (The) (SO)
Trustmark National Bank Trust Department reduced its stake in shares of Southern Company (The) (NYSE:SO) by 1.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 114,198 shares of the utilities provider’s stock after selling 2,066 shares during the quarter. Trustmark National Bank Trust Department’s holdings in Southern were worth $5,611,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in the stock. FMR LLC grew its stake in Southern by 12.4% during the 1st quarter. FMR LLC now owns 6,107,721 shares of the utilities provider’s stock valued at $304,042,000 after purchasing an additional 675,303 shares in the last quarter. Homrich & Berg grew its position in shares of Southern by 7.0% in the 1st quarter. Homrich & Berg now owns 77,676 shares of the utilities provider’s stock worth $3,867,000 after acquiring an additional 5,070 shares in the last quarter. Teachers Advisors LLC grew its position in shares of Southern by 1.8% in the 1st quarter. Teachers Advisors LLC now owns 1,609,069 shares of the utilities provider’s stock worth $80,099,000 after acquiring an additional 28,250 shares in the last quarter. W.G. Shaheen & Associates DBA Whitney & Co grew its position in shares of Southern by 2.7% in the 1st quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 90,145 shares of the utilities provider’s stock worth $4,487,000 after acquiring an additional 2,345 shares in the last quarter. Finally, Global Financial Private Capital LLC acquired a new position in shares of Southern in the 1st quarter worth approximately $23,597,000. Institutional investors and hedge funds own 53.78% of the company’s stock.
Several research analysts have recently commented on SO shares. BidaskClub upgraded Southern from a “sell” rating to a “hold” rating in a research report on Tuesday, August 22nd. Zacks Investment Research upgraded Southern from a “sell” rating to a “hold” rating in a research report on Tuesday, August 22nd. KeyCorp reiterated a “hold” rating on shares of Southern in a research report on Friday, September 1st. Mizuho upgraded Southern from a “neutral” rating to a “buy” rating and set a $53.00 target price for the company in a research report on Tuesday, September 5th. Finally, Jefferies Group reiterated a “buy” rating and issued a $56.00 target price (up previously from $55.00) on shares of Southern in a research report on Tuesday, September 12th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $49.92.
Shares of Southern Company (SO) traded up $0.49 during trading on Thursday, reaching $51.68. The company’s stock had a trading volume of 5,115,700 shares, compared to its average volume of 4,685,787. 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 company has a market cap of $51,360.66, a P/E ratio of 18.61, a P/E/G ratio of 3.85 and a beta of 0.13. Southern Company has a 52-week low of $46.71 and a 52-week high of $53.51.
Southern (NYSE:SO) last announced its earnings results on Wednesday, November 1st. The utilities provider reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.04. The firm had revenue of $6.20 billion for the quarter, compared to the consensus estimate of $6.16 billion. Southern had a return on equity of 10.81% and a net margin of 2.59%. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.27 EPS. equities research analysts predict that Southern Company will post 2.95 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 6th. Stockholders of record on Monday, November 20th were paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 4.49%. The ex-dividend date was Friday, November 17th. Southern’s dividend payout ratio is presently 414.29%.
In other news, CEO William P. Bowers sold 85,151 shares of the business’s stock in a transaction on Tuesday, October 10th. The stock was 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 accessible through this link. Also, EVP Christopher C. Womack sold 46,641 shares of the business’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $53.00, for a total value of $2,471,973.00. Following the completion of the sale, the executive vice president now directly owns 56,799 shares in the company, valued at approximately $3,010,347. The disclosure for this sale can be found here. Insiders sold a total of 213,813 shares of company stock worth $11,029,988 in the last three months. Company insiders own 1.00% of the company’s stock.
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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