Folger Nolan Fleming Douglas Capital Management Inc. Has $4.16 Million Holdings in Southern Company (The) (SO)

Folger Nolan Fleming Douglas Capital Management Inc. lessened its stake in shares of Southern Company (The) (NYSE:SO) by 2.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 86,791 shares of the utilities provider’s stock after selling 1,849 shares during the quarter. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Southern Company (The) were worth $4,156,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Chicago Partners Investment Group LLC acquired a new stake in Southern Company (The) during the 2nd quarter valued at $100,000. Symmetry Partners LLC acquired a new stake in Southern Company (The) during the 1st quarter valued at $103,000. Monroe Bank & Trust MI grew its holdings in Southern Company (The) by 17.9% during the 2nd quarter. Monroe Bank & Trust MI now owns 2,300 shares of the utilities provider’s stock valued at $110,000 after buying an additional 350 shares during the last quarter. Stuart Chaussee & Associates Inc. grew its holdings in Southern Company (The) by 358.8% during the 1st quarter. Stuart Chaussee & Associates Inc. now owns 2,225 shares of the utilities provider’s stock valued at $111,000 after buying an additional 1,740 shares during the last quarter. Finally, AlphaMark Advisors LLC grew its holdings in Southern Company (The) by 0.6% during the 2nd quarter. AlphaMark Advisors LLC now owns 2,363 shares of the utilities provider’s stock valued at $113,000 after buying an additional 14 shares during the last quarter. Hedge funds and other institutional investors own 53.14% of the company’s stock.

Southern Company (NYSE SO) opened at 52.09 on Tuesday. Southern Company has a 12 month low of $46.20 and a 12 month high of $52.59. The stock has a market capitalization of $52.06 billion, a price-to-earnings ratio of 85.67 and a beta of 0.13. The company has a 50 day moving average price of $50.31 and a 200 day moving average price of $49.52.

Southern Company (The) (NYSE:SO) last posted its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.73 EPS for the quarter, beating the consensus estimate of $0.71 by $0.02. Southern Company (The) had a net margin of 2.93% and a return on equity of 11.30%. The business had revenue of $5.43 billion for the quarter, compared to analysts’ expectations of $5.23 billion. During the same period in the previous year, the company posted $0.74 EPS. Southern Company (The)’s revenue was up 21.7% on a year-over-year basis. Equities research analysts predict that Southern Company will post $2.94 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Monday, November 20th will be issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 4.45%. The ex-dividend date of this dividend is Friday, November 17th. Southern Company (The)’s dividend payout ratio is currently 346.27%.

In other news, EVP Christopher C. Womack sold 75,144 shares of the business’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $49.29, for a total transaction of $3,703,847.76. Following the transaction, the executive vice president now directly owns 85,298 shares in the company, valued at approximately $4,204,338.42. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Art P. Beattie sold 46,941 shares of the business’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $52.50, for a total transaction of $2,464,402.50. Following the transaction, the insider now owns 59,494 shares in the company, valued at $3,123,435. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 237,236 shares of company stock worth $11,991,200. 0.74% of the stock is currently owned by corporate insiders.

A number of equities research analysts have commented on the company. J P Morgan Chase & Co assumed coverage on Southern Company (The) in a report on Tuesday, August 8th. They set an “overweight” rating and a $16.78 target price on the stock. SunTrust Banks, Inc. restated a “hold” rating and set a $52.00 price objective on shares of Southern Company (The) in a report on Friday, October 20th. Credit Suisse Group upgraded Southern Company (The) from an “underperform” rating to a “neutral” rating in a report on Thursday, August 3rd. Bank of America Corporation restated an “underperform” rating and set a $51.00 price objective on shares of Southern Company (The) in a report on Tuesday, October 24th. Finally, Royal Bank Of Canada upgraded Southern Company (The) from a “sector perform” rating to an “outperform” rating and set a $53.00 price objective on the stock in a report on Friday, September 29th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $49.72.

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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.

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

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