Gyroscope Capital Management Group LLC Buys 691 Shares of Southern Company (The) (SO)

Gyroscope Capital Management Group LLC increased its stake in shares of Southern Company (The) (NYSE:SO) by 13.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,021 shares of the utilities provider’s stock after acquiring an additional 691 shares during the quarter. Gyroscope Capital Management Group LLC’s holdings in Southern Company (The) were worth $288,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. BlackRock Inc. lifted its holdings in Southern Company (The) by 2,961.9% in the 1st quarter. BlackRock Inc. now owns 62,067,822 shares of the utilities provider’s stock worth $3,089,736,000 after buying an additional 60,040,696 shares during the period. Janus Henderson Group PLC lifted its holdings in Southern Company (The) by 3,580.1% in the 2nd quarter. Janus Henderson Group PLC now owns 4,673,498 shares of the utilities provider’s stock worth $223,766,000 after buying an additional 4,546,503 shares during the period. Capital Research Global Investors lifted its holdings in Southern Company (The) by 25.3% in the 2nd quarter. Capital Research Global Investors now owns 14,940,226 shares of the utilities provider’s stock worth $715,338,000 after buying an additional 3,015,226 shares during the period. Vanguard Group Inc. lifted its holdings in Southern Company (The) by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 68,758,138 shares of the utilities provider’s stock worth $3,422,780,000 after buying an additional 2,688,854 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in Southern Company (The) by 3.6% in the 2nd quarter. Franklin Resources Inc. now owns 22,379,839 shares of the utilities provider’s stock worth $1,071,547,000 after buying an additional 770,413 shares during the period. Institutional investors and hedge funds own 52.88% of the company’s stock.

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Southern Company (NYSE:SO) opened at $51.82 on Tuesday. The stock has a market capitalization of $51,546.34, a price-to-earnings ratio of 18.68, a price-to-earnings-growth ratio of 4.64 and a beta of 0.15. Southern Company has a one year low of $46.20 and a one year 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.

Southern Company (The) (NYSE:SO) last announced its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $1.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.04. The business had revenue of $6.20 billion during the quarter, compared to analysts’ expectations of $6.16 billion. Southern Company (The) had a return on equity of 10.81% and a net margin of 2.59%. The firm’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.27 earnings per share. equities research analysts forecast 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. Shareholders of record on Monday, November 20th will be paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 4.48%. The ex-dividend date of this dividend is Friday, November 17th. Southern Company (The)’s payout ratio is 414.29%.

SO has been the subject of several research analyst reports. Jefferies Group LLC reiterated a “buy” rating and issued a $55.00 price objective on shares of Southern Company (The) in a report on Wednesday, July 19th. Barclays PLC reiterated a “buy” rating and issued a $54.00 price objective on shares of Southern Company (The) in a report on Tuesday, July 25th. Deutsche Bank AG upgraded Southern Company (The) from a “hold” rating to a “buy” rating and increased their price objective for the stock from $50.00 to $52.00 in a report on Tuesday, August 1st. Mizuho upgraded 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, Guggenheim upgraded 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 report on Thursday, September 14th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $49.72.

In other Southern Company (The) news, CEO William P. Bowers sold 85,151 shares of Southern Company (The) 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ann P. Daiss sold 5,080 shares of Southern Company (The) stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $53.28, for a total value of $270,662.40. Following the completion of the sale, the insider now directly owns 7,474 shares of the company’s stock, valued at approximately $398,214.72. The disclosure for this sale can be found here. Insiders have sold 213,813 shares of company stock valued at $11,029,988 in the last quarter. 0.74% of the stock is owned by company 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.

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

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