Southern Company (The) (SO) Stake Lowered by Winslow Evans & Crocker Inc.

Winslow Evans & Crocker Inc. reduced its holdings in Southern Company (The) (NYSE:SO) by 34.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,476 shares of the utilities provider’s stock after selling 1,787 shares during the quarter. Winslow Evans & Crocker Inc.’s holdings in Southern Company (The) were worth $171,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of SO. BlackRock Inc. lifted its holdings in shares of 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 valued at $3,089,736,000 after buying an additional 60,040,696 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of 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 valued at $223,766,000 after buying an additional 4,546,503 shares during the period. Capital Research Global Investors lifted its holdings in shares of 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 valued at $715,338,000 after buying an additional 3,015,226 shares during the period. Vanguard Group Inc. lifted its holdings in shares of 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 valued at $3,422,780,000 after buying an additional 2,688,854 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in shares of 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 valued at $1,071,547,000 after buying an additional 770,413 shares during the period. 52.64% of the stock is owned by institutional investors and hedge funds.

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In other news, insider Ann P. Daiss sold 5,000 shares of Southern Company (The) 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 owns 7,394 shares of the company’s stock, valued at $386,558.32. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Christopher C. Womack sold 46,641 shares of Southern Company (The) stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $53.00, for a total value of $2,471,973.00. Following the completion of the sale, the executive vice president now directly owns 56,799 shares of the company’s stock, valued at approximately $3,010,347. The disclosure for this sale can be found here. In the last ninety days, insiders sold 213,813 shares of company stock valued at $11,029,988. Company insiders own 1.00% of the company’s stock.

Several brokerages recently issued reports on SO. Credit Suisse Group raised Southern Company (The) from an “underperform” rating to a “neutral” rating in a report on Thursday, August 3rd. BidaskClub cut Southern Company (The) from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Citigroup Inc. lifted their price objective on Southern Company (The) from $42.00 to $43.00 and gave the stock a “sell” rating in a report on Wednesday, July 26th. J P Morgan Chase & Co began coverage on Southern Company (The) in a report on Tuesday, August 8th. They set an “overweight” rating and a $16.78 price objective for the company. Finally, Royal Bank Of Canada raised Southern Company (The) from a “sector perform” rating to an “outperform” rating and set a $53.00 price objective for the company in a report on Friday, September 29th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $49.72.

Shares of Southern Company (SO) opened at $51.36 on Thursday. The company has a market capitalization of $51,486.12, a price-to-earnings ratio of 18.66, a PEG ratio of 4.63 and a beta of 0.15. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.73 and a quick ratio of 0.57. 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 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 the consensus estimate of $6.16 billion. Southern Company (The) had a return on equity of 10.81% and a net margin of 2.59%. The business’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.27 earnings per share. analysts expect that Southern Company will post 2.95 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Monday, November 20th will be given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 4.52%. The ex-dividend date is Friday, November 17th. Southern Company (The)’s dividend payout ratio is currently 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.

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

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