Schaper Benz & Wise Investment Counsel Inc. WI Increases Position in Southern Company (The) (SO)

Schaper Benz & Wise Investment Counsel Inc. WI increased its stake in shares of Southern Company (The) (NYSE:SO) by 1.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 63,505 shares of the utilities provider’s stock after acquiring an additional 850 shares during the quarter. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in Southern Company (The) were worth $3,041,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Pathstone Family Office LLC bought a new stake in Southern Company (The) in the 1st quarter valued at $170,000. Epoch Investment Partners Inc. increased its holdings in Southern Company (The) by 5.0% in the 1st quarter. Epoch Investment Partners Inc. now owns 3,249,597 shares of the utilities provider’s stock valued at $161,765,000 after buying an additional 154,093 shares during the period. Pennsylvania Trust Co increased its holdings in Southern Company (The) by 38.2% in the 2nd quarter. Pennsylvania Trust Co now owns 33,700 shares of the utilities provider’s stock valued at $1,614,000 after buying an additional 9,314 shares during the period. First National Bank of Omaha increased its holdings in Southern Company (The) by 0.5% in the 2nd quarter. First National Bank of Omaha now owns 15,070 shares of the utilities provider’s stock valued at $721,000 after buying an additional 70 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its holdings in Southern Company (The) by 14.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 197,743 shares of the utilities provider’s stock valued at $9,844,000 after buying an additional 24,248 shares during the period. 53.27% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have issued reports on SO shares. Zacks Investment Research lowered shares of Southern Company (The) from a “hold” rating to a “sell” rating in a report on Monday, September 11th. Deutsche Bank AG raised shares of Southern Company (The) from a “hold” rating to a “buy” rating and boosted their price target for the company from $50.00 to $52.00 in a report on Tuesday, August 1st. Guggenheim raised shares of Southern Company (The) from a “neutral” rating to a “buy” rating and boosted their price target for the company from $49.00 to $56.00 in a report on Thursday, September 14th. Mizuho raised shares of Southern Company (The) from a “neutral” rating to a “buy” rating and set a $53.00 price target on the stock in a report on Tuesday, September 5th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $53.00 price target on shares of Southern Company (The) in a report on Monday, July 31st. Two analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $49.44.

In related news, EVP Christopher C. Womack sold 75,144 shares of the firm’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $49.29, for a total value of $3,703,847.76. Following the transaction, the executive vice president now owns 85,298 shares in the company, valued at $4,204,338.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.74% of the stock is currently owned by company insiders.

Shares of Southern Company (NYSE SO) opened at 50.24 on Wednesday. The stock has a 50 day moving average of $49.16 and a 200 day moving average of $49.33. Southern Company has a 52 week low of $46.20 and a 52 week high of $52.23. The firm has a market cap of $50.21 billion, a P/E ratio of 82.63 and a beta of 0.13.

Southern Company (The) (NYSE:SO) last issued its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.73 EPS for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.02. Southern Company (The) had a return on equity of 11.30% and a net margin of 2.93%. The company had revenue of $5.43 billion for the quarter, compared to analysts’ expectations of $5.23 billion. During the same quarter last year, the business earned $0.74 earnings per share. Southern Company (The)’s revenue was up 21.7% on a year-over-year basis. Analysts anticipate that Southern Company will post $2.95 earnings per share for the current fiscal year.

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Southern Company (The) Profile

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

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