Southern Company (The) (NYSE:SO) Shares Bought by Aperio Group LLC

Aperio Group LLC boosted its stake in shares of Southern Company (The) (NYSE:SO) by 11.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 611,261 shares of the utilities provider’s stock after buying an additional 64,260 shares during the period. Aperio Group LLC owned approximately 0.06% of Southern Company (The) worth $29,267,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of SO. Teachers Advisors LLC increased its position in Southern Company (The) by 0.4% in the fourth quarter. Teachers Advisors LLC now owns 1,580,819 shares of the utilities provider’s stock valued at $77,760,000 after buying an additional 6,988 shares during the last quarter. Philadelphia Trust Co. increased its position in Southern Company (The) by 4.1% in the fourth quarter. Philadelphia Trust Co. now owns 24,260 shares of the utilities provider’s stock valued at $1,193,000 after buying an additional 950 shares during the last quarter. Macquarie Group Ltd. increased its position in Southern Company (The) by 0.6% in the fourth quarter. Macquarie Group Ltd. now owns 312,800 shares of the utilities provider’s stock valued at $15,387,000 after buying an additional 1,900 shares during the last quarter. Beacon Financial Group increased its position in Southern Company (The) by 4.0% in the first quarter. Beacon Financial Group now owns 185,678 shares of the utilities provider’s stock valued at $9,222,000 after buying an additional 7,210 shares during the last quarter. Finally, Pensionfund Sabic increased its position in Southern Company (The) by 4.2% in the first quarter. Pensionfund Sabic now owns 39,800 shares of the utilities provider’s stock valued at $1,981,000 after buying an additional 1,600 shares during the last quarter. 52.83% of the stock is currently owned by institutional investors.

Shares of Southern Company (NYSE SO) opened at 48.99 on Thursday. The firm’s 50-day moving average price is $48.00 and its 200 day moving average price is $49.48. The company has a market capitalization of $48.96 billion, a PE ratio of 80.58 and a beta of 0.12. Southern Company has a 1-year low of $46.20 and a 1-year high of $53.73.

Southern Company (The) (NYSE:SO) last released its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.02. The firm had revenue of $5.43 billion during the quarter, compared to analyst estimates of $5.23 billion. Southern Company (The) had a net margin of 2.93% and a return on equity of 11.30%. The business’s revenue for the quarter was up 21.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.74 EPS. Equities analysts predict that Southern Company will post $2.95 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 6th. Stockholders of record on Monday, August 21st will be issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 4.74%. The ex-dividend date is Thursday, August 17th. Southern Company (The)’s dividend payout ratio is currently 346.27%.

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Several equities analysts have recently commented on SO shares. Mizuho reaffirmed a “neutral” rating and issued a $49.50 target price on shares of Southern Company (The) in a research report on Wednesday, April 19th. Barclays PLC reiterated an “overweight” rating and issued a $56.00 price target (up from $53.00) on shares of Southern Company (The) in a research note on Sunday, April 23rd. Zacks Investment Research cut Southern Company (The) from a “hold” rating to a “sell” rating in a research note on Tuesday, April 25th. Jefferies Group LLC reiterated a “buy” rating and issued a $55.00 price target (down from $56.00) on shares of Southern Company (The) in a research note on Thursday, May 4th. Finally, Morgan Stanley boosted their price target on Southern Company (The) from $50.00 to $51.00 and gave the company an “underweight” rating in a research note on Monday, May 8th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $48.79.

In other news, EVP Christopher C. Womack sold 75,144 shares of Southern Company (The) stock in a transaction on 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 approximately $4,204,338.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mark Lantrip sold 25,000 shares of Southern Company (The) stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $51.50, for a total transaction of $1,287,500.00. Following the sale, the chief executive officer now directly owns 31,080 shares of the company’s stock, valued at $1,600,620. The disclosure for this sale can be found here. Insiders have sold a total of 152,084 shares of company stock valued at $7,665,158 over the last ninety days. 0.74% of the stock is currently owned by insiders.

About Southern Company (The)

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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