Marco Investment Management LLC Continues to Hold Stake in Southern Company (The) (SO)

Marco Investment Management LLC held its position in shares of Southern Company (The) (NYSE:SO) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,104 shares of the utilities provider’s stock at the close of the second quarter. Marco Investment Management LLC’s holdings in Southern Company (The) were worth $436,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SO. Chicago Partners Investment Group LLC purchased a new stake in shares of Southern Company (The) in the second quarter worth $100,000. Symmetry Partners LLC purchased a new stake in shares of Southern Company (The) in the first quarter worth $103,000. Monroe Bank & Trust MI increased its stake in shares of Southern Company (The) by 17.9% in the second 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. increased its stake in shares of Southern Company (The) by 358.8% in the first 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 increased its stake in shares of Southern Company (The) by 0.6% in the second 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. Institutional investors and hedge funds own 53.08% of the company’s stock.

Southern Company (NYSE SO) opened at $52.44 on Monday. Southern Company has a 52 week low of $46.20 and a 52 week high of $53.51. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.57 and a current ratio of 0.73. The firm has a market cap of $52,630.25, a price-to-earnings ratio of 19.07, a P/E/G ratio of 4.74 and a beta of 0.15.

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

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

COPYRIGHT VIOLATION NOTICE: “Marco Investment Management LLC Continues to Hold Stake in Southern Company (The) (SO)” was originally posted by Community Financial News and is the property of of Community Financial News. If you are reading this report on another domain, it was copied illegally and republished in violation of US and international copyright & trademark legislation. The legal version of this report can be accessed at https://www.com-unik.info/2017/11/06/marco-investment-management-llc-continues-to-hold-stake-in-southern-company-the-so.html.

In other Southern Company (The) news, VP James Y. Kerr II sold 25,000 shares of the stock in a transaction on Friday, October 20th. The shares were sold at an average price of $52.16, for a total transaction of $1,304,000.00. Following the completion of the transaction, the vice president now owns 26,000 shares in the company, valued at $1,356,160. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William P. Bowers sold 85,151 shares of the stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $50.00, for a total transaction of $4,257,550.00. The disclosure for this sale can be found here. Insiders have sold 162,092 shares of company stock valued at $8,287,353 in the last quarter. 0.74% of the stock is owned by company insiders.

A number of analysts have recently issued reports on SO shares. Guggenheim raised shares of Southern Company (The) from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $49.00 to $56.00 in a research note on Thursday, September 14th. Citigroup Inc. reissued a “sell” rating and issued a $44.00 price objective (up from $43.00) on shares of Southern Company (The) in a research note on Tuesday, October 3rd. Zacks Investment Research cut shares of Southern Company (The) from a “buy” rating to a “hold” rating in a research note on Friday, October 13th. BidaskClub raised shares of Southern Company (The) from a “strong sell” rating to a “sell” rating in a research note on Monday, July 24th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $55.00 price objective on shares of Southern Company (The) in a research note on Wednesday, July 19th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $49.72.

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.

Want to see what other hedge funds are holding SO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Southern Company (The) (NYSE:SO).

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

What are top analysts saying about Southern Company (The)? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Southern Company (The) and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit