Southern Company (The) (NYSE:SO) Shares Bought by Xact Kapitalforvaltning AB

Xact Kapitalforvaltning AB raised its position in shares of Southern Company (The) (NYSE:SO) by 0.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 78,058 shares of the utilities provider’s stock after acquiring an additional 502 shares during the period. Xact Kapitalforvaltning AB’s holdings in Southern Company (The) were worth $3,737,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Symmetry Partners LLC acquired a new position in Southern Company (The) in the first quarter worth about $103,000. Stuart Chaussee & Associates Inc. raised 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 worth $111,000 after purchasing an additional 1,740 shares in the last quarter. IHT Wealth Management LLC raised its position in Southern Company (The) by 15.3% in the first quarter. IHT Wealth Management LLC now owns 2,281 shares of the utilities provider’s stock worth $115,000 after purchasing an additional 302 shares in the last quarter. AlphaMark Advisors LLC raised its position in Southern Company (The) by 115.7% in the first quarter. AlphaMark Advisors LLC now owns 2,349 shares of the utilities provider’s stock worth $117,000 after purchasing an additional 1,260 shares in the last quarter. Finally, Ruggie Capital Group raised its position in Southern Company (The) by 228.0% in the first quarter. Ruggie Capital Group now owns 2,578 shares of the utilities provider’s stock worth $128,000 after purchasing an additional 1,792 shares in the last quarter. Institutional investors and hedge funds own 53.27% of the company’s stock.

In other Southern Company (The) news, EVP Christopher C. Womack sold 75,144 shares of the stock in a transaction that occurred 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.00% of the company’s stock.

WARNING: “Southern Company (The) (NYSE:SO) Shares Bought by Xact Kapitalforvaltning AB” was originally posted by BBNS and is the property of of BBNS. If you are reading this piece of content on another website, it was illegally copied and republished in violation of United States and international trademark & copyright law. The original version of this piece of content can be read at https://baseballnewssource.com/markets/xact-kapitalforvaltning-ab-has-3-74-million-holdings-in-southern-company-the-so/1604739.html.

Several analysts have recently weighed in on SO shares. Jefferies Group LLC reissued a “buy” rating and issued a $55.00 price target on shares of Southern Company (The) in a report on Wednesday, July 19th. Barclays PLC reaffirmed a “buy” rating and issued a $54.00 price objective on shares of Southern Company (The) in a research note on Tuesday, July 25th. Deutsche Bank AG raised shares of Southern Company (The) from a “hold” rating to a “buy” rating and raised their price objective for the company from $50.00 to $52.00 in a research note on Tuesday, August 1st. Mizuho raised shares of Southern Company (The) from a “neutral” rating to a “buy” rating and set a $53.00 price objective on the stock in a research note on Tuesday, September 5th. Finally, Guggenheim raised shares of Southern Company (The) from a “neutral” rating to a “buy” rating and raised their price objective for the company from $49.00 to $56.00 in a research note on Thursday. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. Southern Company (The) currently has an average rating of “Hold” and a consensus target price of $49.63.

Southern Company (NYSE:SO) traded up 0.20% on Friday, hitting $50.50. 3,589,443 shares of the stock traded hands. The firm has a market capitalization of $50.47 billion, a PE ratio of 83.06 and a beta of 0.13. The stock has a 50 day moving average of $48.78 and a 200 day moving average of $49.47. Southern Company has a 52 week low of $46.20 and a 52 week high of $53.73.

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 6th. Shareholders of record on Monday, August 21st were issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 4.60%. The ex-dividend date of this dividend was Thursday, August 17th. Southern Company (The)’s dividend payout ratio (DPR) is currently 346.27%.

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)

Receive News & Ratings for Southern Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southern Company (The) and related companies with our FREE daily email newsletter.

 


Latest News

Will 2017 MLB Season End with No 20-Game Winner?
Will 2017 MLB Season End with No 20-Game Winner?
Cleveland Indians Winning Streak Snapped at 22
Cleveland Indians Winning Streak Snapped at 22
Tigers Player Might Play All Nine Positions During Same Game
Tigers Player Might Play All Nine Positions During Same Game
Fans Kicked Out of Fenway Park After Racist Banner Hung on Green Monster
Fans Kicked Out of Fenway Park After Racist Banner Hung on Green Monster
Dodgers End Losing Streak at 11 Behind Ace Clayton Kershaw
Dodgers End Losing Streak at 11 Behind Ace Clayton Kershaw
Cleveland Indians Winning Streak Reaches 18
Cleveland Indians Winning Streak Reaches 18


Leave a Reply

 
© 2006-2017 BBNS.