Capital Investment Advisors LLC Has $14.75 Million Stake in Southern Company (The) (SO)

Capital Investment Advisors LLC lifted its stake in Southern Company (The) (NYSE:SO) by 0.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 308,133 shares of the utilities provider’s stock after purchasing an additional 2,270 shares during the quarter. Southern Company (The) comprises approximately 1.1% of Capital Investment Advisors LLC’s holdings, making the stock its 18th largest position. Capital Investment Advisors LLC’s holdings in Southern Company (The) were worth $14,753,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. AlphaMark Advisors LLC lifted its position in Southern Company (The) by 115.7% in the 1st quarter. AlphaMark Advisors LLC now owns 2,349 shares of the utilities provider’s stock valued at $117,000 after acquiring an additional 1,260 shares in the last quarter. Stifel Financial Corp lifted its position in Southern Company (The) by 5.2% in the 1st quarter. Stifel Financial Corp now owns 1,640,131 shares of the utilities provider’s stock valued at $81,543,000 after acquiring an additional 81,148 shares in the last quarter. Pathstone Family Office LLC bought a new position in Southern Company (The) in the 1st quarter valued at approximately $170,000. Elkfork Partners LLC lifted its position in Southern Company (The) by 23.9% in the 1st quarter. Elkfork Partners LLC now owns 695,470 shares of the utilities provider’s stock valued at $34,620,000 after acquiring an additional 134,062 shares in the last quarter. Finally, Epoch Investment Partners Inc. lifted its position in 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 acquiring an additional 154,093 shares in the last quarter. 53.27% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts recently issued reports on the company. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $53.00 price objective on shares of Southern Company (The) in a research report on Monday, July 31st. J P Morgan Chase & Co assumed coverage on Southern Company (The) in a research report on Tuesday, August 8th. They issued an “overweight” rating and a $16.78 price objective on the stock. Credit Suisse Group upgraded shares of Southern Company (The) from an “underperform” rating to a “neutral” rating in a research note on Thursday, August 3rd. BidaskClub upgraded shares of Southern Company (The) from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Finally, Mizuho upgraded shares of Southern Company (The) from a “neutral” rating to a “buy” rating and set a $53.00 target price for the company in a research note on Tuesday, September 5th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company’s stock. Southern Company (The) presently has a consensus rating of “Hold” and a consensus target price of $49.06.

In other Southern Company (The) news, insider Art P. Beattie sold 46,940 shares of Southern Company (The) stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $51.50, for a total value of $2,417,410.00. Following the completion of the transaction, the insider now owns 59,493 shares of the company’s stock, valued at $3,063,889.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Christopher C. Womack sold 75,144 shares of Southern Company (The) 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 completion of the transaction, the executive vice president now directly owns 85,298 shares of the company’s stock, valued at approximately $4,204,338.42. The disclosure for this sale can be found here. Insiders sold 147,084 shares of company stock valued at $7,408,758 in the last ninety days. 0.74% of the stock is owned by corporate insiders.

Shares of Southern Company (NYSE:SO) traded down 1.42% during midday trading on Tuesday, reaching $49.89. The company’s stock had a trading volume of 2,751,799 shares. Southern Company has a 12-month low of $46.20 and a 12-month high of $53.73. The stock has a 50-day moving average of $48.49 and a 200 day moving average of $49.46. The firm has a market capitalization of $49.86 billion, a P/E ratio of 82.06 and a beta of 0.13.

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

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 6th. Shareholders of record on Monday, August 21st were issued a $0.58 dividend. The ex-dividend date was Thursday, August 17th. This represents a $2.32 dividend on an annualized basis and a yield of 4.58%. Southern Company (The)’s payout ratio is 346.27%.

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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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