Southern Company (The) (SO) Holdings Lifted by Strategic Financial Group LLC

Strategic Financial Group LLC grew its position in Southern Company (The) (NYSE:SO) by 12.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,912 shares of the utilities provider’s stock after purchasing an additional 643 shares during the period. Strategic Financial Group LLC’s holdings in Southern Company (The) were worth $283,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Waldron LP bought a new position in shares of Southern Company (The) in the first quarter valued at approximately $216,000. Confluence Wealth Management LLC boosted its holdings in shares of Southern Company (The) by 8.9% in the first quarter. Confluence Wealth Management LLC now owns 4,596 shares of the utilities provider’s stock valued at $229,000 after acquiring an additional 374 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in shares of Southern Company (The) by 13.7% in the first quarter. DekaBank Deutsche Girozentrale now owns 308,061 shares of the utilities provider’s stock valued at $15,432,000 after acquiring an additional 37,159 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its holdings in shares of Southern Company (The) by 29.9% in the first quarter. Massmutual Trust Co. FSB ADV now owns 50,249 shares of the utilities provider’s stock valued at $2,501,000 after acquiring an additional 11,580 shares in the last quarter. Finally, TIAA CREF Trust Co. FSB MO boosted its holdings in shares of Southern Company (The) by 10.9% in the first quarter. TIAA CREF Trust Co. FSB MO now owns 58,350 shares of the utilities provider’s stock valued at $2,905,000 after acquiring an additional 5,757 shares in the last quarter. Hedge funds and other institutional investors own 53.27% of the company’s stock.

Several research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Southern Company (The) from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a report on Tuesday. Citigroup Inc. reiterated a “sell” rating and issued a $44.00 price objective (up from $43.00) on shares of Southern Company (The) in a report on Tuesday, October 3rd. Royal Bank Of Canada upgraded shares of Southern Company (The) from a “sector perform” rating to an “outperform” rating and set a $53.00 price objective for the company in a report on Friday, September 29th. Guggenheim upgraded shares of Southern Company (The) from a “neutral” rating to a “buy” rating and increased their price objective for the company from $49.00 to $56.00 in a report on Thursday, September 14th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $56.00 price objective (up from $55.00) on shares of Southern Company (The) in a report on Tuesday, September 12th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $49.44.

Shares of Southern Company (NYSE:SO) opened at 50.74 on Friday. The firm has a market capitalization of $50.71 billion, a price-to-earnings ratio of 83.45 and a beta of 0.13. Southern Company has a 1-year low of $46.20 and a 1-year high of $52.23. The company’s 50-day moving average is $49.31 and its 200 day moving average is $49.35.

Southern Company (The) (NYSE:SO) last issued its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.73 EPS for the quarter, topping the consensus estimate 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 company had revenue of $5.43 billion during the quarter, compared to analysts’ expectations of $5.23 billion. During the same quarter in the previous year, the company earned $0.74 EPS. Southern Company (The)’s revenue was up 21.7% on a year-over-year basis. On average, analysts expect that Southern Company will post $2.95 EPS for the current fiscal year.

In other news, EVP Christopher C. Womack sold 75,144 shares of Southern Company (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 owns 85,298 shares in the company, valued at approximately $4,204,338.42. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO William P. Bowers sold 85,151 shares of Southern Company (The) stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $50.00, for a total transaction of $4,257,550.00. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.

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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.

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

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