Southern Company (The) (SO) Stake Raised by Chatham Capital Group Inc.

Chatham Capital Group Inc. boosted its position in shares of Southern Company (The) (NYSE:SO) by 5.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,480 shares of the utilities provider’s stock after buying an additional 407 shares during the period. Chatham Capital Group Inc.’s holdings in Southern Company (The) were worth $422,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Bartlett & Co. LLC raised its stake in Southern Company (The) by 0.3% in the first quarter. Bartlett & Co. LLC now owns 4,799 shares of the utilities provider’s stock worth $239,000 after buying an additional 14 shares in the last quarter. Sfmg LLC raised its stake in Southern Company (The) by 0.4% in the first quarter. Sfmg LLC now owns 6,406 shares of the utilities provider’s stock worth $319,000 after buying an additional 28 shares in the last quarter. Jackson Grant Investment Advisers Inc. raised its stake in Southern Company (The) by 1.1% in the first quarter. Jackson Grant Investment Advisers Inc. now owns 3,279 shares of the utilities provider’s stock worth $163,000 after buying an additional 36 shares in the last quarter. Cobblestone Capital Advisors LLC NY raised its stake in Southern Company (The) by 0.6% in the first quarter. Cobblestone Capital Advisors LLC NY now owns 7,011 shares of the utilities provider’s stock worth $349,000 after buying an additional 45 shares in the last quarter. Finally, Texas Yale Capital Corp. raised its stake in Southern Company (The) by 0.3% in the first quarter. Texas Yale Capital Corp. now owns 16,339 shares of the utilities provider’s stock worth $813,000 after buying an additional 55 shares in the last quarter. Institutional investors own 52.83% of the company’s stock.

Southern Company (NYSE:SO) traded up 0.06% during mid-day trading on Wednesday, reaching $48.99. 3,033,016 shares of the company’s stock traded hands. The stock has a market capitalization of $48.96 billion, a PE ratio of 80.58 and a beta of 0.12. Southern Company has a 12 month low of $46.20 and a 12 month high of $53.73. The firm’s 50-day moving average price is $48.02 and its 200 day moving average price is $49.48.

Southern Company (The) (NYSE:SO) last issued its 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 business had revenue of $5.43 billion during the quarter, compared to analyst estimates of $5.23 billion. Southern Company (The) had a return on equity of 11.30% and a net margin of 2.93%. Southern Company (The)’s revenue was up 21.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.74 earnings per share. Equities research analysts predict that Southern Company will post $2.95 EPS for the current year.

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

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A number of analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Southern Company (The) from a “hold” rating to a “sell” rating in a research note on Tuesday, April 25th. Barclays PLC restated a “buy” rating and issued a $55.00 price target on shares of Southern Company (The) in a research note on Monday, May 15th. Credit Suisse Group upgraded shares of Southern Company (The) from an “underperform” rating to a “neutral” rating in a research note on Thursday, August 3rd. Morgan Stanley lifted their price target on shares of Southern Company (The) from $50.00 to $51.00 and gave the stock an “underweight” rating in a research note on Monday, May 8th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $55.00 price target (down previously from $56.00) on shares of Southern Company (The) in a research note on Thursday, May 4th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. Southern Company (The) currently has an average rating of “Hold” and a consensus target price of $48.79.

In other Southern Company (The) news, insider Art P. Beattie sold 46,940 shares of 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 $2,417,410.00. Following the completion of the transaction, the insider now directly owns 59,493 shares in the company, valued at $3,063,889.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Christopher C. Womack sold 75,144 shares of the stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $49.29, for a total value of $3,703,847.76. Following the transaction, the executive vice president now owns 85,298 shares of the company’s stock, valued at $4,204,338.42. The disclosure for this sale can be found here. Insiders sold 152,084 shares of company stock valued at $7,665,158 over the last 90 days. 0.74% of the stock is currently owned by corporate insiders.

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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