Southern Company (The) (SO) Shares Sold by Warren Averett Asset Management LLC

Warren Averett Asset Management LLC reduced its position in shares of Southern Company (The) (NYSE:SO) by 0.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,662 shares of the utilities provider’s stock after selling 30 shares during the period. Warren Averett Asset Management LLC’s holdings in Southern Company (The) were worth $1,420,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SO. Symmetry Partners LLC purchased a new position in Southern Company (The) in the first quarter valued at $103,000. Stuart Chaussee & Associates Inc. boosted its holdings 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 purchasing an additional 1,740 shares during the period. IHT Wealth Management LLC boosted its holdings 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 valued at $115,000 after purchasing an additional 302 shares during the period. AlphaMark Advisors LLC boosted its holdings 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 valued at $117,000 after purchasing an additional 1,260 shares during the period. Finally, Ruggie Capital Group boosted its holdings 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 valued at $128,000 after purchasing an additional 1,792 shares during the period. Institutional investors and hedge funds own 53.27% of the company’s stock.

In other news, insider Art P. Beattie sold 46,940 shares of the stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $51.50, for a total transaction of $2,417,410.00. Following the transaction, the insider now owns 59,493 shares of the company’s stock, valued at $3,063,889.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Christopher C. Womack sold 75,144 shares of the stock in a transaction dated 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 transaction, the executive vice president now directly owns 85,298 shares in the company, valued at approximately $4,204,338.42. The disclosure for this sale can be found here. Over the last three months, insiders sold 147,084 shares of company stock valued at $7,408,758. 0.74% of the stock is currently owned by corporate insiders.

A number of research analysts recently issued reports on the company. Zacks Investment Research lowered Southern Company (The) from a “hold” rating to a “sell” rating in a report on Monday. Mizuho upgraded Southern Company (The) from a “neutral” rating to a “buy” rating and set a $53.00 target price for the company in a report on Tuesday, September 5th. KeyCorp reiterated a “hold” rating on shares of Southern Company (The) in a report on Friday, September 1st. BidaskClub upgraded Southern Company (The) from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd. Finally, Morgan Stanley set a $50.00 target price on Southern Company (The) and gave the company a “sell” rating in a report on Thursday, August 10th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. Southern Company (The) has an average rating of “Hold” and an average price target of $49.06.

Shares of Southern Company (SO) opened at 50.61 on Tuesday. The stock’s 50 day moving average price is $48.49 and its 200-day moving average price is $49.46. Southern Company has a 52-week low of $46.20 and a 52-week high of $53.73. The firm has a market cap of $50.58 billion, a PE ratio of 83.24 and a beta of 0.13.

Southern Company (The) (NYSE:SO) last posted its quarterly earnings data 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 company had revenue of $5.43 billion during the quarter, compared to analysts’ expectations of $5.23 billion. Southern Company (The) had a net margin of 2.93% and a return on equity of 11.30%. The firm’s revenue for the quarter was up 21.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.74 EPS. On average, equities research analysts anticipate that Southern Company will post $2.94 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 6th. Shareholders of record on Monday, August 21st were given a $0.58 dividend. The ex-dividend date was Thursday, August 17th. This represents a $2.32 dividend on an annualized basis and a yield of 4.58%. Southern Company (The)’s payout ratio is currently 346.27%.

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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.

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Institutional Ownership by Quarter for Southern Company (The) (NYSE:SO)

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