Carroll Financial Associates Inc. cut its position in Southern Company (The) (NYSE:SO) by 4.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 31,090 shares of the utilities provider’s stock after selling 1,455 shares during the quarter. Carroll Financial Associates Inc.’s holdings in Southern were worth $1,534,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of SO. AlphaMark Advisors LLC raised its position in shares of Southern by 0.6% during the 2nd 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. South Texas Money Management Ltd. raised its position in shares of Southern by 0.3% during the 2nd quarter. South Texas Money Management Ltd. now owns 7,084 shares of the utilities provider’s stock worth $339,000 after buying an additional 19 shares in the last quarter. WMS Partners LLC raised its position in shares of Southern by 0.6% during the 2nd quarter. WMS Partners LLC now owns 4,387 shares of the utilities provider’s stock worth $210,000 after buying an additional 25 shares in the last quarter. Regal Investment Advisors LLC raised its position in shares of Southern by 0.4% during the 1st quarter. Regal Investment Advisors LLC now owns 7,990 shares of the utilities provider’s stock worth $398,000 after buying an additional 29 shares in the last quarter. Finally, Sfmg LLC raised its position in shares of Southern by 0.5% during the 2nd quarter. Sfmg LLC now owns 6,435 shares of the utilities provider’s stock worth $308,000 after buying an additional 29 shares in the last quarter. Hedge funds and other institutional investors own 52.64% of the company’s stock.
A number of research firms have commented on SO. J P Morgan Chase & Co began coverage on shares of Southern in a research report on Tuesday, August 8th. They set an “overweight” rating and a $16.78 price target on the stock. SunTrust Banks, Inc. restated a “hold” rating and set a $52.00 price target on shares of Southern in a research report on Friday, October 20th. Credit Suisse Group upgraded shares of Southern from an “underperform” rating to a “neutral” rating in a research report on Thursday, August 3rd. Bank of America Corporation reaffirmed an “underperform” rating and issued a $51.00 price objective on shares of Southern in a research note on Tuesday, October 24th. Finally, Royal Bank Of Canada raised shares of Southern from a “sector perform” rating to an “outperform” rating and set a $53.00 price objective on the stock in a research note on Friday, September 29th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $49.72.
Shares of Southern Company (SO) traded up $0.04 on Friday, hitting $51.39. 1,160,000 shares of the stock traded hands, compared to its average volume of 3,922,574. The firm has a market cap of $51,576.44, a PE ratio of 18.69, a P/E/G ratio of 4.64 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 12 month low of $46.20 and a 12 month high of $53.51.
Southern (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, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.04. The company had revenue of $6.20 billion for the quarter, compared to analysts’ expectations of $6.16 billion. Southern had a net margin of 2.59% and a return on equity of 10.81%. The business’s revenue was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.27 EPS. equities research analysts forecast that Southern Company will post 2.95 earnings per share for the current fiscal year.
The company also recently announced 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 annualized dividend and a dividend yield of 4.51%. The ex-dividend date of this dividend is Friday, November 17th. Southern’s dividend payout ratio (DPR) is currently 414.29%.
In other news, insider Ann P. Daiss sold 5,000 shares of Southern stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $52.28, for a total value of $261,400.00. Following the transaction, the insider now directly owns 7,394 shares of the company’s stock, valued at $386,558.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Ann P. Daiss sold 5,080 shares of Southern stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $53.28, for a total transaction of $270,662.40. Following the completion of the transaction, the insider now directly owns 7,474 shares in the company, valued at $398,214.72. The disclosure for this sale can be found here. Over the last three months, insiders sold 213,813 shares of company stock worth $11,029,988. 1.00% of the stock is currently owned by insiders.
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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