4,554 Shares in Southern Company (The) (NYSE:SO) Purchased by Alpha Cubed Investments LLC

Alpha Cubed Investments LLC purchased a new stake in Southern Company (The) (NYSE:SO) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,554 shares of the utilities provider’s stock, valued at approximately $218,000.

Several other hedge funds also recently bought and sold shares of SO. BlackRock Inc. increased its position 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 in the last quarter. Ameriprise Financial Inc. increased its position in shares of Southern Company (The) by 205.4% in the 1st quarter. Ameriprise Financial Inc. now owns 8,803,018 shares of the utilities provider’s stock valued at $438,168,000 after buying an additional 5,920,212 shares in the last quarter. Vanguard Group Inc. increased its position 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 in the last quarter. Canada Pension Plan Investment Board increased its position in shares of Southern Company (The) by 876.2% in the 1st quarter. Canada Pension Plan Investment Board now owns 1,074,910 shares of the utilities provider’s stock valued at $53,509,000 after buying an additional 964,800 shares in the last quarter. Finally, Swiss National Bank increased its position in shares of Southern Company (The) by 20.3% in the 1st quarter. Swiss National Bank now owns 4,978,424 shares of the utilities provider’s stock valued at $247,826,000 after buying an additional 841,100 shares in the last quarter. 53.27% of the stock is currently owned by institutional investors.

A number of analysts recently commented on the stock. Royal Bank Of Canada restated a “hold” rating and issued a $53.00 price objective on shares of Southern Company (The) in a research report on Monday, July 31st. Guggenheim upgraded shares of Southern Company (The) from a “neutral” rating to a “buy” rating and upped their price objective for the company from $49.00 to $56.00 in a research report on Thursday. J P Morgan Chase & Co assumed coverage on shares of Southern Company (The) in a research report on Tuesday, August 8th. They issued an “overweight” rating and a $16.78 price objective for the company. Jefferies Group LLC restated a “buy” rating and issued a $56.00 price objective (up previously from $55.00) on shares of Southern Company (The) in a research report on Tuesday. Finally, Credit Suisse Group upgraded shares of Southern Company (The) from an “underperform” rating to a “neutral” rating in a research report on Thursday, August 3rd. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven 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 $49.63.

In other news, EVP Christopher C. Womack sold 75,144 shares of the business’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $49.29, for a total transaction of $3,703,847.76. Following the completion of the sale, the executive vice president now directly owns 85,298 shares of the company’s stock, valued at $4,204,338.42. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.00% of the company’s stock.

Southern Company (NYSE SO) opened at 50.40 on Friday. Southern Company has a one year low of $46.20 and a one year high of $53.73. The company has a market cap of $50.37 billion, a PE ratio of 82.89 and a beta of 0.13. The stock has a 50 day moving average price of $48.78 and a 200 day moving average price of $49.47.

Southern Company (The) (NYSE:SO) last posted its earnings results on Wednesday, August 2nd. The utilities provider reported $0.73 EPS for the quarter, topping the consensus estimate of $0.71 by $0.02. The company had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.23 billion. Southern Company (The) had a net margin of 2.93% and a return on equity of 11.30%. The firm’s revenue for the quarter was up 21.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.74 earnings per share. On average, equities analysts anticipate that Southern Company will post $2.94 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 6th. Stockholders of record on Monday, August 21st were given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 4.60%. The ex-dividend date of this dividend was Thursday, August 17th. Southern Company (The)’s payout ratio is presently 346.27%.

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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.

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

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