Mariner Wealth Advisors LLC Cuts Holdings in Southern Company (The) (SO)

Mariner Wealth Advisors LLC trimmed its position in shares of Southern Company (The) (NYSE:SO) by 50.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,785 shares of the utilities provider’s stock after selling 9,873 shares during the quarter. Mariner Wealth Advisors LLC’s holdings in Southern Company (The) were worth $469,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of SO. Chicago Partners Investment Group LLC bought a new stake in shares of Southern Company (The) in the 2nd quarter worth approximately $100,000. Symmetry Partners LLC bought a new stake in shares of Southern Company (The) in the 1st quarter worth approximately $103,000. Monroe Bank & Trust MI boosted its position in shares of Southern Company (The) by 17.9% in the 2nd quarter. Monroe Bank & Trust MI now owns 2,300 shares of the utilities provider’s stock worth $110,000 after purchasing an additional 350 shares in the last quarter. Stuart Chaussee & Associates Inc. boosted its position in shares of Southern Company (The) by 358.8% in the 1st quarter. Stuart Chaussee & Associates Inc. now owns 2,225 shares of the utilities provider’s stock worth $111,000 after purchasing an additional 1,740 shares in the last quarter. Finally, AlphaMark Advisors LLC boosted its position in shares of Southern Company (The) by 0.6% in the 2nd quarter. AlphaMark Advisors LLC now owns 2,363 shares of the utilities provider’s stock worth $113,000 after purchasing an additional 14 shares in the last quarter. 53.14% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Ann P. Daiss sold 5,000 shares of the company’s stock in a transaction on Friday, October 20th. The stock was sold at an average price of $52.28, for a total value of $261,400.00. Following the completion of the sale, the insider now directly owns 7,394 shares in the company, valued at approximately $386,558.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William P. Bowers sold 85,151 shares of the company’s stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $50.00, for a total value of $4,257,550.00. The disclosure for this sale can be found here. Insiders sold a total of 162,092 shares of company stock valued at $8,287,353 over the last 90 days. 1.00% of the stock is currently owned by company insiders.

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SO has been the subject of a number of recent analyst reports. 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 upgraded shares of Southern Company (The) from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $50.00 to $52.00 in a report on Tuesday, August 1st. Guggenheim upgraded shares of Southern Company (The) from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $49.00 to $56.00 in a report on Thursday, September 14th. Mizuho upgraded shares of Southern Company (The) from a “neutral” rating to a “buy” rating and set a $53.00 price objective for the company in a report on Tuesday, September 5th. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $53.00 price objective on shares of Southern Company (The) in a report on Monday, July 31st. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $49.72.

Shares of Southern Company (SO) opened at $52.44 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 1.73. The company has a market capitalization of $52,630.25, a price-to-earnings ratio of 19.07, a PEG ratio of 4.74 and a beta of 0.15. Southern Company has a 12 month low of $46.20 and a 12 month high of $53.51.

Southern Company (The) (NYSE:SO) last posted its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $1.12 EPS for the quarter, topping the consensus estimate of $1.08 by $0.04. The firm had revenue of $6.20 billion during the quarter, compared to analyst estimates of $6.16 billion. Southern Company (The) had a return on equity of 10.81% and a net margin of 2.59%. Southern Company (The)’s revenue was down 1.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.27 EPS. research analysts anticipate that Southern Company will post 2.95 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Monday, November 20th will be paid a $0.58 dividend. The ex-dividend date of this dividend is Friday, November 17th. This represents a $2.32 annualized dividend and a dividend yield of 4.42%. Southern Company (The)’s dividend payout ratio (DPR) is 414.29%.

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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