Southern Company (The) (SO) Shares Sold by Barber Financial Group Inc.

Barber Financial Group Inc. reduced its position in shares of Southern Company (The) (NYSE:SO) by 2.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,038 shares of the utilities provider’s stock after selling 130 shares during the period. Barber Financial Group Inc.’s holdings in Southern Company (The) were worth $251,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Orrstown Financial Services Inc. raised its stake in Southern Company (The) by 10.8% in the first quarter. Orrstown Financial Services Inc. now owns 2,050 shares of the utilities provider’s stock valued at $102,000 after buying an additional 200 shares in the last quarter. Symmetry Partners LLC acquired a new stake in Southern Company (The) during the first quarter valued at approximately $103,000. Feltz Wealth PLAN Inc. acquired a new stake in Southern Company (The) during the first quarter valued at approximately $108,000. Stuart Chaussee & Associates Inc. raised its stake in shares of Southern Company (The) by 358.8% in the first quarter. Stuart Chaussee & Associates Inc. now owns 2,225 shares of the utilities provider’s stock worth $111,000 after buying an additional 1,740 shares during the period. Finally, AlphaMark Advisors LLC raised its stake in shares of Southern Company (The) by 115.7% in the first quarter. AlphaMark Advisors LLC now owns 2,349 shares of the utilities provider’s stock worth $117,000 after buying an additional 1,260 shares during the period. 52.83% of the stock is owned by institutional investors.

Southern Company (NYSE:SO) opened at 48.30 on Friday. The stock has a market cap of $48.27 billion, a P/E ratio of 79.44 and a beta of 0.12. Southern Company has a 52 week low of $46.20 and a 52 week high of $53.73. The stock has a 50 day moving average of $47.97 and a 200-day moving average of $49.46.

Southern Company (The) (NYSE:SO) last posted its earnings results on Wednesday, August 2nd. The utilities provider reported $0.73 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.02. The company had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.23 billion. Southern Company (The) had a net margin of 2.93% and a return on equity of 11.30%. The company’s revenue for the quarter was up 21.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.74 earnings per share. Analysts forecast that Southern Company will post $2.95 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 6th. Shareholders of record on Monday, August 21st will be given a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 4.80%. The ex-dividend date is Thursday, August 17th. Southern Company (The)’s dividend payout ratio is 346.27%.

TRADEMARK VIOLATION NOTICE: “Southern Company (The) (SO) Shares Sold by Barber Financial Group Inc.” was first posted by Community Financial News and is owned by of Community Financial News. If you are reading this story on another site, it was copied illegally and reposted in violation of U.S. & international trademark and copyright law. The original version of this story can be viewed at https://www.com-unik.info/2017/08/19/barber-financial-group-inc-decreases-position-in-southern-company-the-so-updated-updated.html.

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

In other Southern Company (The) news, EVP Christopher C. Womack sold 75,144 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at $4,204,338.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ann P. Daiss sold 5,000 shares of the business’s stock in a transaction that occurred 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 directly 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 three months. Insiders own 1.00% of the company’s stock.

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)

What are top analysts saying about Southern Company (The)? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Southern Company (The) and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit