Southern Company (The) (SO) Stake Increased by Mitsubishi UFJ Kokusai Asset Management Co. Ltd.

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in Southern Company (The) (NYSE:SO) by 6.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 145,723 shares of the company’s stock after buying an additional 8,515 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Southern Company (The) were worth $7,476,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in SO. Nisa Investment Advisors LLC raised its position in Southern Company (The) by 28.7% in the second quarter. Nisa Investment Advisors LLC now owns 222,300 shares of the company’s stock valued at $11,921,000 after buying an additional 49,600 shares during the last quarter. Clarkston Capital Partners LLC acquired a new position in Southern Company (The) during the second quarter valued at $701,000. LS Investment Advisors LLC raised its position in Southern Company (The) by 8.8% in the second quarter. LS Investment Advisors LLC now owns 58,711 shares of the company’s stock valued at $3,149,000 after buying an additional 4,729 shares during the last quarter. Biondo Investment Advisors LLC raised its position in Southern Company (The) by 5.0% in the second quarter. Biondo Investment Advisors LLC now owns 72,312 shares of the company’s stock valued at $3,878,000 after buying an additional 3,465 shares during the last quarter. Finally, Morgens Waterfall Vintiadis & Co. Inc. acquired a new position in Southern Company (The) during the second quarter valued at $536,000. 50.44% of the stock is currently owned by institutional investors.

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

Southern Company (NYSE:SO) traded up 0.37% during mid-day trading on Wednesday, hitting $48.56. The stock had a trading volume of 895,979 shares. Southern Company has a 52 week low of $46.20 and a 52 week high of $54.64. The company has a market capitalization of $47.59 billion, a P/E ratio of 18.24 and a beta of 0.04. The stock’s 50-day moving average is $48.35 and its 200 day moving average is $50.87.

Southern Company (The) (NYSE:SO) last posted its quarterly earnings results on Monday, October 31st. The company reported $1.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.17 by $0.11. Southern Company (The) had a return on equity of 12.69% and a net margin of 14.14%. The business had revenue of $6.26 billion for the quarter, compared to analyst estimates of $3.41 billion. During the same period last year, the company earned $1.17 EPS. The firm’s revenue was up 16.0% on a year-over-year basis. Equities analysts forecast that Southern Company will post $2.90 earnings per share for the current fiscal year.

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Several research analysts recently weighed in on SO shares. Zacks Investment Research raised Southern Company (The) from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research report on Tuesday, September 27th. RBC Capital Markets reissued a “hold” rating and set a $54.00 price target on shares of Southern Company (The) in a research report on Wednesday, January 4th. SunTrust Banks, Inc. upped their price target on Southern Company (The) from $52.00 to $54.00 and gave the company a “neutral” rating in a research report on Monday, September 26th. Finally, Citigroup Inc. started coverage on Southern Company (The) in a research report on Thursday, December 15th. They set a “sell” rating and a $44.00 price target on the stock. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $52.81.

In other Southern Company (The) news, CEO William P. Bowers sold 70,680 shares of Southern Company (The) stock in a transaction dated Monday, January 9th. The stock was sold at an average price of $48.88, for a total transaction of $3,454,838.40. Following the transaction, the chief executive officer now directly owns 122,669 shares in the company, valued at $5,996,060.72. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.00% of the stock is owned by insiders.

About Southern Company (The)

The Southern Company (Southern Company) is a holding company. The Company owns all of the stock of the traditional operating companies and Southern Power Company (Southern Power), and owns other direct and indirect subsidiaries. Southern Company’s segments include the sale of electricity by four traditional operating companies, Southern Power and All Other.

5 Day Chart for NYSE:SO

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