Southern Company (The) (SO) Shares Bought by Gotham Asset Management LLC

Gotham Asset Management LLC boosted its stake in Southern Company (The) (NYSE:SO) by 53.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,972 shares of the utilities provider’s stock after purchasing an additional 3,842 shares during the period. Gotham Asset Management LLC’s holdings in Southern Company (The) were worth $525,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Chicago Partners Investment Group LLC acquired a new stake in Southern Company (The) in the 2nd quarter valued at $100,000. IHT Wealth Management LLC increased its holdings in Southern Company (The) by 15.3% in the 1st quarter. IHT Wealth Management LLC now owns 2,281 shares of the utilities provider’s stock valued at $115,000 after purchasing an additional 302 shares in the last quarter. Monroe Bank & Trust MI increased its holdings in Southern Company (The) by 17.9% in the 2nd quarter. Monroe Bank & Trust MI now owns 2,300 shares of the utilities provider’s stock valued at $110,000 after purchasing an additional 350 shares in the last quarter. AlphaMark Advisors LLC increased its holdings 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 purchasing an additional 1,260 shares in the last quarter. Finally, Ruggie Capital Group increased its holdings in Southern Company (The) by 228.0% in the 1st quarter. Ruggie Capital Group now owns 2,578 shares of the utilities provider’s stock valued at $128,000 after purchasing an additional 1,792 shares in the last quarter. Hedge funds and other institutional investors own 52.88% of the company’s stock.

In other news, CEO William P. Bowers sold 85,151 shares of the stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $50.00, for a total transaction of $4,257,550.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Ann P. Daiss sold 5,000 shares of the stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $52.28, for a total transaction of $261,400.00. Following the transaction, the insider now directly owns 7,394 shares in the company, valued at approximately $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 in the last ninety days. Corporate insiders own 0.74% of the company’s stock.

Southern Company (NYSE SO) opened at $51.36 on Monday. 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 has a 12-month low of $46.20 and a 12-month high of $53.51. The company has a market cap of $51,550.00, a PE ratio of 18.68, a PEG ratio of 4.64 and a beta of 0.15.

Southern Company (The) (NYSE:SO) last issued its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $1.12 EPS for the quarter, topping the consensus estimate of $1.08 by $0.04. Southern Company (The) had a net margin of 2.59% and a return on equity of 10.81%. The business had revenue of $6.20 billion for the quarter, compared to analysts’ expectations of $6.16 billion. During the same quarter last year, the company posted $1.27 earnings per share. The company’s quarterly revenue was down 1.0% compared to the same quarter last year. research analysts forecast that Southern Company will post 2.95 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Monday, November 20th will be given a dividend of $0.58 per share. The ex-dividend date is Friday, November 17th. This represents a $2.32 annualized dividend and a dividend yield of 4.52%. Southern Company (The)’s payout ratio is 414.29%.

SO has been the subject of several recent research reports. Zacks Investment Research downgraded Southern Company (The) from a “hold” rating to a “sell” rating in a report on Monday, September 11th. Deutsche Bank AG upgraded Southern Company (The) from a “hold” rating to a “buy” rating and increased their price target for the company from $50.00 to $52.00 in a report on Tuesday, August 1st. Guggenheim upgraded Southern Company (The) from a “neutral” rating to a “buy” rating and increased their price target for the company from $49.00 to $56.00 in a report on Thursday, September 14th. Mizuho upgraded Southern Company (The) from a “neutral” rating to a “buy” rating and set a $53.00 price target for the company in a report on Tuesday, September 5th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $53.00 price target on shares of Southern Company (The) in a report on Monday, July 31st. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $49.72.

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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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