Southern Company (The) (SO) Shares Bought by Stokes & Hubbell Capital Management LLC

Stokes & Hubbell Capital Management LLC grew its stake in shares of Southern Company (The) (NYSE:SO) by 41.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,944 shares of the utilities provider’s stock after acquiring an additional 7,642 shares during the period. Stokes & Hubbell Capital Management LLC’s holdings in Southern Company (The) were worth $1,275,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SO. Chicago Partners Investment Group LLC bought a new position in Southern Company (The) in the second quarter worth approximately $100,000. Monroe Bank & Trust MI raised its stake in 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 buying an additional 350 shares in the last quarter. AlphaMark Advisors LLC raised its stake in 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 buying an additional 14 shares in the last quarter. IHT Wealth Management LLC raised its stake in Southern Company (The) by 15.3% in the first quarter. IHT Wealth Management LLC now owns 2,281 shares of the utilities provider’s stock worth $115,000 after buying an additional 302 shares in the last quarter. Finally, Ruggie Capital Group raised its stake in Southern Company (The) by 228.0% in the first quarter. Ruggie Capital Group now owns 2,578 shares of the utilities provider’s stock worth $128,000 after buying an additional 1,792 shares in the last quarter. 52.64% of the stock is owned by hedge funds and other institutional investors.

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Shares of Southern Company (SO) opened at $51.18 on Tuesday. The firm has a market cap of $51,150.00, a price-to-earnings ratio of 18.53, a PEG ratio of 4.60 and a beta of 0.15. The company has a current ratio of 0.73, a quick ratio of 0.57 and a debt-to-equity ratio of 1.73. Southern Company has a 1-year low of $46.20 and a 1-year high of $53.51.

Southern Company (The) (NYSE:SO) last announced its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.04. The firm had revenue of $6.20 billion for the quarter, compared to analyst estimates of $6.16 billion. Southern Company (The) had a net margin of 2.59% and a return on equity of 10.81%. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.27 earnings per share. analysts predict that Southern Company will post 2.95 EPS 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 issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 4.53%. The ex-dividend date of this dividend is Friday, November 17th. Southern Company (The)’s dividend payout ratio (DPR) is presently 414.29%.

A number of brokerages recently commented on SO. Credit Suisse Group raised shares of Southern Company (The) from an “underperform” rating to a “neutral” rating in a research note on Thursday, August 3rd. BidaskClub downgraded shares of Southern Company (The) from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Citigroup Inc. boosted their price objective on shares of Southern Company (The) from $42.00 to $43.00 and gave the stock a “sell” rating in a research note on Wednesday, July 26th. J P Morgan Chase & Co began coverage on shares of Southern Company (The) in a report on Tuesday, August 8th. They issued an “overweight” rating and a $16.78 price target on the stock. Finally, Barclays PLC reaffirmed a “buy” rating and issued a $54.00 price target on shares of Southern Company (The) in a report on Tuesday, July 25th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company’s stock. Southern Company (The) currently has a consensus rating of “Hold” and an average target price of $49.72.

In related news, CEO William P. Bowers sold 85,151 shares of the business’s 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Ann P. Daiss sold 5,000 shares of the business’s stock in a transaction on Friday, October 20th. The shares were sold at an average price of $52.28, for a total transaction of $261,400.00. Following the transaction, the insider now owns 7,394 shares of the company’s stock, valued at $386,558.32. The disclosure for this sale can be found here. Insiders have sold 213,813 shares of company stock worth $11,029,988 over the last three months. Corporate insiders own 0.74% of the company’s stock.

Southern Company (The) Company 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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