Southern Company (The) $SO Shares Purchased by Glenview Trust Co

Glenview Trust Co grew its holdings in Southern Company (The) (NYSE:SO) by 21.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 140,090 shares of the utilities provider’s stock after acquiring an additional 24,807 shares during the period. Glenview Trust Co’s holdings in Southern were worth $13,276,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Cloud Capital Management LLC acquired a new position in shares of Southern during the third quarter worth about $25,000. Advantage Trust Co grew its stake in shares of Southern by 1,428.6% in the second quarter. Advantage Trust Co now owns 321 shares of the utilities provider’s stock valued at $29,000 after buying an additional 300 shares in the last quarter. Grey Fox Wealth Advisors LLC purchased a new stake in shares of Southern during the 3rd quarter valued at about $29,000. Steigerwald Gordon & Koch Inc. acquired a new position in Southern during the 3rd quarter worth approximately $34,000. Finally, Chilton Capital Management LLC lifted its position in Southern by 120.1% during the 3rd quarter. Chilton Capital Management LLC now owns 361 shares of the utilities provider’s stock worth $34,000 after acquiring an additional 197 shares in the last quarter. Institutional investors and hedge funds own 64.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SO. The Goldman Sachs Group cut shares of Southern from a “buy” rating to a “neutral” rating and set a $98.00 target price on the stock. in a research report on Thursday, November 6th. Barclays dropped their price target on shares of Southern from $91.00 to $88.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 15th. BTIG Research started coverage on shares of Southern in a research report on Tuesday, October 21st. They issued a “neutral” rating for the company. Mizuho lowered their target price on Southern from $97.00 to $88.00 and set a “neutral” rating for the company in a research note on Thursday, December 11th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Southern in a research note on Wednesday, January 21st. Four investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Southern presently has a consensus rating of “Hold” and a consensus price target of $94.91.

Southern Price Performance

Shares of NYSE:SO opened at $94.93 on Tuesday. The company has a market cap of $104.53 billion, a PE ratio of 23.50, a P/E/G ratio of 2.87 and a beta of 0.45. Southern Company has a fifty-two week low of $83.09 and a fifty-two week high of $100.83. The firm has a 50-day simple moving average of $88.09 and a 200 day simple moving average of $91.33. The company has a quick ratio of 0.59, a current ratio of 0.75 and a debt-to-equity ratio of 1.69.

Southern Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 6th. Shareholders of record on Tuesday, February 17th will be paid a $0.74 dividend. The ex-dividend date is Tuesday, February 17th. This represents a $2.96 annualized dividend and a dividend yield of 3.1%. Southern’s dividend payout ratio (DPR) is presently 73.27%.

Southern Profile

Southern Company (NYSE: SO) is an Atlanta-based energy holding company that provides electric and gas utility services and owns power generation assets across the United States. Founded in 1945, the company operates a portfolio of regulated electric utilities and affiliated businesses that generate, transmit and distribute electricity to residential, commercial and industrial customers.

Southern’s principal regulated electric subsidiaries include Georgia Power, Alabama Power and Mississippi Power, which serve large portions of the southeastern United States.