Southern Company (The) (SO) Shares Bought by Peoples Financial Services CORP.

Peoples Financial Services CORP. increased its position in shares of Southern Company (The) (NYSE:SO) by 0.7% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 27,479 shares of the utilities provider’s stock after buying an additional 200 shares during the period. Peoples Financial Services CORP.’s holdings in Southern Company (The) were worth $1,315,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the stock. Capital Guardian Trust Co. boosted its stake in Southern Company (The) by 0.8% in the fourth quarter. Capital Guardian Trust Co. now owns 102,710 shares of the utilities provider’s stock valued at $5,052,000 after buying an additional 776 shares during the period. Lebenthal Asset Management LLC boosted its stake in Southern Company (The) by 1.5% in the fourth quarter. Lebenthal Asset Management LLC now owns 51,134 shares of the utilities provider’s stock valued at $2,515,000 after buying an additional 771 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in Southern Company (The) during the fourth quarter valued at about $865,000. Independent Advisor Alliance acquired a new stake in Southern Company (The) during the fourth quarter valued at about $2,741,000. Finally, Archford Capital Strategies LLC boosted its stake in Southern Company (The) by 14.6% in the fourth quarter. Archford Capital Strategies LLC now owns 20,543 shares of the utilities provider’s stock valued at $1,010,000 after buying an additional 2,619 shares during the period. Hedge funds and other institutional investors own 53.57% of the company’s stock.

Southern Company (NYSE SO) opened at 48.42 on Friday. Southern Company has a 52-week low of $46.20 and a 52-week high of $53.73. The stock has a market capitalization of $48.39 billion, a price-to-earnings ratio of 79.64 and a beta of 0.12. The firm has a 50-day moving average price of $48.08 and a 200 day moving average price of $49.46.

Southern Company (The) (NYSE:SO) last issued its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.02. The firm had revenue of $5.43 billion during the quarter, compared to analysts’ expectations of $5.23 billion. Southern Company (The) had a net margin of 2.93% and a return on equity of 11.30%. Southern Company (The)’s revenue for the quarter was up 21.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.74 earnings per share. On average, equities research 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, September 6th. Investors of record on Monday, August 21st will be issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 4.79%. The ex-dividend date of this dividend is Thursday, August 17th. Southern Company (The)’s dividend payout ratio is presently 346.27%.

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Several equities research analysts have recently issued reports on the company. Zacks Investment Research cut Southern Company (The) from a “hold” rating to a “sell” rating in a report on Friday, June 16th. Morgan Stanley decreased their price objective on Southern Company (The) from $53.00 to $51.00 and set an “underweight” rating on the stock in a report on Friday, June 23rd. Barclays PLC restated an “overweight” rating and set a $56.00 price objective (up previously from $53.00) on shares of Southern Company (The) in a report on Sunday, April 23rd. Jefferies Group LLC restated a “buy” rating and set a $55.00 price objective on shares of Southern Company (The) in a report on Monday, May 15th. Finally, BidaskClub cut Southern Company (The) from a “sell” rating to a “strong sell” rating in a report on Saturday, June 24th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $48.79.

In related news, EVP Christopher C. Womack sold 75,144 shares of the company’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $49.29, for a total value of $3,703,847.76. Following the completion of the sale, the executive vice president now directly owns 85,298 shares in the company, valued at $4,204,338.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ann P. Daiss sold 5,000 shares of the company’s stock in a transaction on Monday, June 12th. The stock was sold at an average price of $51.28, for a total transaction of $256,400.00. Following the completion of the sale, the insider now owns 7,394 shares of the company’s stock, valued at $379,164.32. The disclosure for this sale can be found here. Insiders sold 152,084 shares of company stock valued at $7,665,158 over the last quarter. 1.00% of the stock is currently owned by corporate insiders.

About Southern Company (The)

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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