Southern Company (The) (NYSE:SO) Stake Held by Hamel Associates Inc.

Hamel Associates Inc. continued to hold its position in Southern Company (The) (NYSE:SO) during the first quarter, according to its most recent filing with the SEC. The fund owned 4,255 shares of the utilities provider’s stock at the end of the first quarter. Hamel Associates Inc.’s holdings in Southern Company (The) were worth $212,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Orrstown Financial Services Inc. increased its position in Southern Company (The) by 10.8% in the first quarter. Orrstown Financial Services Inc. now owns 2,050 shares of the utilities provider’s stock valued at $102,000 after buying an additional 200 shares in the last quarter. Symmetry Partners LLC purchased a new position in Southern Company (The) during the first quarter valued at about $103,000. Feltz Wealth PLAN Inc. purchased a new position in Southern Company (The) during the first quarter valued at about $108,000. Stuart Chaussee & Associates Inc. increased its position in Southern Company (The) by 358.8% in the first quarter. Stuart Chaussee & Associates Inc. now owns 2,225 shares of the utilities provider’s stock valued at $111,000 after buying an additional 1,740 shares in the last quarter. Finally, Advantage Investment Management LLC purchased a new position in Southern Company (The) during the fourth quarter valued at about $113,000. 53.87% of the stock is owned by institutional investors.

Shares of Southern Company (NYSE SO) traded up 1.18% during mid-day trading on Friday, hitting $47.88. 4,117,193 shares of the stock traded hands. The firm’s 50-day moving average is $49.33 and its 200-day moving average is $49.55. The stock has a market cap of $47.62 billion, a price-to-earnings ratio of 17.91 and a beta of 0.12. Southern Company has a 52 week low of $46.20 and a 52 week high of $54.64.

Southern Company (The) (NYSE:SO) last issued its quarterly earnings results on Wednesday, May 3rd. The utilities provider reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.08. Southern Company (The) had a net margin of 12.38% and a return on equity of 11.37%. The firm had revenue of $5.77 billion during the quarter, compared to the consensus estimate of $5.58 billion. During the same period in the prior year, the firm earned $0.58 EPS. The business’s revenue was up 44.6% on a year-over-year basis. On average, analysts forecast that Southern Company will post $2.96 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 6th. Shareholders of record on Monday, August 21st will be issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 4.85%. The ex-dividend date of this dividend is Thursday, August 17th. Southern Company (The)’s dividend payout ratio (DPR) is presently 85.29%.

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Several research analysts have recently issued reports on the company. Jefferies Group LLC reaffirmed a “buy” rating and issued a $55.00 price objective on shares of Southern Company (The) in a research note on Wednesday. Royal Bank Of Canada lowered their price objective on Southern Company (The) from $54.00 to $53.00 and set a “sector perform” rating for the company in a research note on Wednesday, June 28th. Mizuho reaffirmed a “neutral” rating and issued a $49.50 price objective on shares of Southern Company (The) in a research note on Wednesday, April 19th. BMO Capital Markets reaffirmed a “hold” rating and issued a $53.00 price objective on shares of Southern Company (The) in a research note on Thursday, March 30th. Finally, Barclays PLC reissued a “buy” rating and set a $55.00 target price on shares of Southern Company (The) in a research report on Friday, May 5th. Six research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. Southern Company (The) presently has a consensus rating of “Hold” and an average price target of $51.50.

In other Southern Company (The) news, insider Ann P. Daiss sold 5,000 shares of the stock in a transaction on Monday, June 12th. The shares were sold at an average price of $51.28, for a total value of $256,400.00. Following the completion of the sale, the insider now directly owns 7,394 shares of the company’s stock, valued at approximately $379,164.32. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP James Y. Kerr II sold 68,609 shares of the stock in a transaction on Friday, May 5th. The shares were sold at an average price of $50.05, for a total transaction of $3,433,880.45. Following the completion of the sale, the vice president now directly owns 69,609 shares of the company’s stock, valued at $3,483,930.45. The disclosure for this sale can be found here. Over the last three months, insiders sold 145,549 shares of company stock valued at $7,395,190. Insiders own 1.00% of the company’s stock.

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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