Southern Company (The) (SO) Position Boosted by USS Investment Management Ltd

USS Investment Management Ltd boosted its stake in Southern Company (The) (NYSE:SO) by 8.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 114,429 shares of the utilities provider’s stock after buying an additional 9,100 shares during the period. USS Investment Management Ltd’s holdings in Southern Company (The) were worth $5,697,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in SO. Confluence Investment Management LLC raised its stake in Southern Company (The) by 9.7% in the first quarter. Confluence Investment Management LLC now owns 1,681,743 shares of the utilities provider’s stock valued at $83,717,000 after buying an additional 149,174 shares during the period. Gierl Augustine Investment Management Inc raised its stake in Southern Company (The) by 8.8% in the first quarter. Gierl Augustine Investment Management Inc now owns 72,041 shares of the utilities provider’s stock valued at $3,586,000 after buying an additional 5,844 shares during the period. AlphaMark Advisors LLC raised its stake in Southern Company (The) by 115.7% in the first quarter. AlphaMark Advisors LLC now owns 2,349 shares of the utilities provider’s stock valued at $117,000 after buying an additional 1,260 shares during the period. Vicus Capital raised its stake in Southern Company (The) by 11.9% in the first quarter. Vicus Capital now owns 16,423 shares of the utilities provider’s stock valued at $818,000 after buying an additional 1,745 shares during the period. Finally, Elkfork Partners LLC raised its stake in Southern Company (The) by 23.9% in the first quarter. Elkfork Partners LLC now owns 695,470 shares of the utilities provider’s stock valued at $34,620,000 after buying an additional 134,062 shares during the period. Hedge funds and other institutional investors own 52.83% of the company’s stock.

Southern Company (SO) traded up 0.79% on Friday, reaching $48.30. 4,853,025 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $47.97 and a 200-day moving average of $49.46. The stock has a market cap of $48.27 billion, a price-to-earnings ratio of 79.44 and a beta of 0.12. Southern Company has a one year low of $46.20 and a one year high of $53.73.

Southern Company (The) (NYSE:SO) last issued its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.02. The business had revenue of $5.43 billion for 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%. The business’s quarterly revenue was up 21.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.74 earnings per share. Equities research analysts forecast that Southern Company will post $2.95 EPS for the current fiscal year.

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

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Several research firms recently commented on SO. Deutsche Bank AG raised shares of Southern Company (The) from a “hold” rating to a “buy” rating and raised their price target for the stock from $50.00 to $52.00 in a research note on Tuesday, August 1st. Zacks Investment Research downgraded shares of Southern Company (The) from a “hold” rating to a “sell” rating in a research note on Friday, June 16th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $53.00 price target on shares of Southern Company (The) in a research note on Monday, July 31st. Barclays PLC reaffirmed a “buy” rating and issued a $55.00 price target on shares of Southern Company (The) in a research note on Friday, May 5th. Finally, BidaskClub downgraded shares of Southern Company (The) from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 24th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. Southern Company (The) has a consensus rating of “Hold” and a consensus target price of $48.79.

In related news, insider Ann P. Daiss sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $51.28, for a total transaction of $256,400.00. Following the sale, the insider now directly owns 7,394 shares in the company, valued at $379,164.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Art P. Beattie sold 46,940 shares of the company’s stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $51.50, for a total transaction of $2,417,410.00. Following the sale, the insider now owns 59,493 shares in the company, valued at $3,063,889.50. The disclosure for this sale can be found here. Insiders have sold 152,084 shares of company stock worth $7,665,158 in the last three months. Corporate 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)

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