Ken Stern & Associates Inc. Acquires 319 Shares of Southern Company (The) (SO)

Ken Stern & Associates Inc. boosted its holdings in shares of Southern Company (The) (NYSE:SO) by 5.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,221 shares of the utilities provider’s stock after buying an additional 319 shares during the period. Ken Stern & Associates Inc.’s holdings in Southern Company (The) were worth $300,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Fiera Capital Corp boosted its stake in shares of Southern Company (The) by 4.3% in the 2nd quarter. Fiera Capital Corp now owns 34,294 shares of the utilities provider’s stock valued at $1,642,000 after purchasing an additional 1,399 shares in the last quarter. Pathstone Family Office LLC acquired a new stake in shares of Southern Company (The) in the 1st quarter valued at $170,000. Jackson Grant Investment Advisers Inc. boosted its stake in shares of Southern Company (The) by 1.2% in the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 3,317 shares of the utilities provider’s stock valued at $159,000 after purchasing an additional 38 shares in the last quarter. Epoch Investment Partners Inc. boosted its stake in shares of 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 purchasing an additional 154,093 shares in the last quarter. Finally, Pennsylvania Trust Co boosted its stake in shares of 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 purchasing an additional 9,314 shares in the last quarter. Hedge funds and other institutional investors own 53.14% of the company’s stock.

Southern Company (SO) opened at 52.20 on Wednesday. The firm has a market cap of $52.17 billion, a P/E ratio of 85.86 and a beta of 0.13. The company’s 50-day moving average is $50.36 and its 200 day moving average is $49.53. Southern Company has a 12 month low of $46.20 and a 12 month high of $52.59.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 6th. Investors of record on Monday, November 20th will be paid a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 4.44%. The ex-dividend date of this dividend is Friday, November 17th. Southern Company (The)’s dividend payout ratio (DPR) is presently 346.27%.

Several brokerages have recently commented on SO. Zacks Investment Research downgraded shares of Southern Company (The) from a “hold” rating to a “sell” rating in a research note on Tuesday, October 24th. Bank of America Corporation restated an “underperform” rating and issued a $51.00 target price on shares of Southern Company (The) in a research note on Tuesday, October 24th. SunTrust Banks, Inc. restated a “hold” rating and issued a $52.00 target price on shares of Southern Company (The) in a research note on Friday, October 20th. Citigroup Inc. restated a “sell” rating and issued a $44.00 target price (up previously from $43.00) on shares of Southern Company (The) in a research note on Tuesday, October 3rd. Finally, Royal Bank Of Canada upgraded shares of Southern Company (The) from a “sector perform” rating to an “outperform” rating and set a $53.00 target price on the stock in a research note on Friday, September 29th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $49.72.

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In other news, CEO William P. Bowers sold 85,151 shares of Southern Company (The) stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $50.00, for a total transaction of $4,257,550.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Christopher C. Womack sold 75,144 shares of Southern Company (The) stock in a transaction dated 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 sale, the executive vice president now directly owns 85,298 shares in the company, valued at $4,204,338.42. The disclosure for this sale can be found here. Insiders sold 237,236 shares of company stock worth $11,991,200 over the last ninety days. 0.74% of the stock is currently owned by insiders.

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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