Southern Company (The) (NYSE:SO) Position Held by Lau Associates LLC

Lau Associates LLC continued to hold its position in shares of Southern Company (The) (NYSE:SO) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,520 shares of the utilities provider’s stock at the end of the second quarter. Lau Associates LLC’s holdings in Southern Company (The) were worth $456,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Pathstone Family Office LLC purchased a new stake in Southern Company (The) during the 1st quarter worth approximately $170,000. Cambridge Investment Research Advisors Inc. increased its stake in Southern Company (The) by 14.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 197,743 shares of the utilities provider’s stock worth $9,844,000 after buying an additional 24,248 shares during the period. AlphaMark Advisors LLC increased its stake in Southern Company (The) by 115.7% during the 1st quarter. AlphaMark Advisors LLC now owns 2,349 shares of the utilities provider’s stock worth $117,000 after buying an additional 1,260 shares during the period. Stifel Financial Corp increased its stake in Southern Company (The) by 5.2% during the 1st quarter. Stifel Financial Corp now owns 1,640,131 shares of the utilities provider’s stock worth $81,543,000 after buying an additional 81,148 shares during the period. Finally, Elkfork Partners LLC increased its stake in Southern Company (The) by 23.9% during the 1st quarter. Elkfork Partners LLC now owns 695,470 shares of the utilities provider’s stock worth $34,620,000 after buying an additional 134,062 shares during the period. Hedge funds and other institutional investors own 53.27% of the company’s stock.

Shares of Southern Company (SO) traded up 0.14% during midday trading on Friday, hitting $50.47. 3,279,345 shares of the stock were exchanged. The stock’s 50-day moving average price is $48.78 and its 200 day moving average price is $49.47. The stock has a market cap of $50.44 billion, a P/E ratio of 83.01 and a beta of 0.13. Southern Company has a one year low of $46.20 and a one year high of $53.73.

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

The business 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. The ex-dividend date of this dividend was Thursday, August 17th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 4.60%. Southern Company (The)’s payout ratio is 346.27%.

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In other news, EVP Christopher C. Womack sold 75,144 shares of the company’s stock in a transaction on Thursday, August 3rd. The stock was 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 in the company, valued at approximately $4,204,338.42. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

A number of equities research analysts have commented on SO shares. Zacks Investment Research downgraded shares of Southern Company (The) from a “hold” rating to a “sell” rating in a research report on Friday, June 16th. Jefferies Group LLC reiterated a “buy” rating and set a $56.00 price target (up previously from $55.00) on shares of Southern Company (The) in a research note on Tuesday. Morgan Stanley decreased their price target on shares of Southern Company (The) from $53.00 to $51.00 and set an “underweight” rating for the company in a research note on Friday, June 23rd. BidaskClub cut shares of Southern Company (The) from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 24th. Finally, 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. Three analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $49.63.

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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