18,024 Shares in Southern Company (The) (SO) Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC purchased a new position in Southern Company (The) (NYSE:SO) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 18,024 shares of the utilities provider’s stock, valued at approximately $894,000.

Other institutional investors also recently bought and sold shares of the company. Bartlett & Co. LLC boosted its stake in Southern Company (The) by 0.3% during the 2nd quarter. Bartlett & Co. LLC now owns 4,813 shares of the utilities provider’s stock valued at $230,000 after purchasing an additional 14 shares during the last quarter. AlphaMark Advisors LLC boosted its stake in Southern Company (The) by 0.6% during the 2nd quarter. AlphaMark Advisors LLC now owns 2,363 shares of the utilities provider’s stock valued at $113,000 after purchasing an additional 14 shares during the last quarter. South Texas Money Management Ltd. boosted its stake in Southern Company (The) by 0.3% during the 2nd quarter. South Texas Money Management Ltd. now owns 7,084 shares of the utilities provider’s stock valued at $339,000 after purchasing an additional 19 shares during the last quarter. WMS Partners LLC boosted its stake in Southern Company (The) by 0.6% during the 2nd quarter. WMS Partners LLC now owns 4,387 shares of the utilities provider’s stock valued at $210,000 after purchasing an additional 25 shares during the last quarter. Finally, Regal Investment Advisors LLC boosted its stake in Southern Company (The) by 0.4% during the 1st quarter. Regal Investment Advisors LLC now owns 7,990 shares of the utilities provider’s stock valued at $398,000 after purchasing an additional 29 shares during the last quarter. Institutional investors own 52.64% of the company’s stock.

SO has been the topic of several recent analyst reports. Zacks Investment Research downgraded Southern Company (The) from a “hold” rating to a “sell” rating in a research note on Monday, September 11th. Deutsche Bank AG upgraded Southern Company (The) from a “hold” rating to a “buy” rating and increased their target price for the company from $50.00 to $52.00 in a research note on Tuesday, August 1st. Guggenheim upgraded Southern Company (The) from a “neutral” rating to a “buy” rating and increased their target price for the company from $49.00 to $56.00 in a research note on Thursday, September 14th. Mizuho upgraded Southern Company (The) from a “neutral” rating to a “buy” rating and set a $53.00 target price on the stock in a research note on Tuesday, September 5th. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $53.00 target price on shares of Southern Company (The) in a research note on Monday, July 31st. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company’s stock. Southern Company (The) presently has an average rating of “Hold” and a consensus price target of $49.72.

Southern Company (SO) opened at $51.18 on Tuesday. The firm has a market capitalization of $51,150.00, a price-to-earnings ratio of 18.53, a PEG ratio of 4.60 and a beta of 0.15. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.57 and a current ratio of 0.73. Southern Company has a twelve month low of $46.20 and a twelve month high of $53.51.

Southern Company (The) (NYSE:SO) last released its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.04. Southern Company (The) had a return on equity of 10.81% and a net margin of 2.59%. The firm had revenue of $6.20 billion for the quarter, compared to analysts’ expectations of $6.16 billion. During the same period in the prior year, the firm earned $1.27 EPS. The company’s revenue was down 1.0% compared to the same quarter last year. sell-side analysts predict that Southern Company will post 2.95 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 6th. Investors of record on Monday, November 20th will be issued a $0.58 dividend. The ex-dividend date is Friday, November 17th. This represents a $2.32 dividend on an annualized basis and a yield of 4.53%. Southern Company (The)’s dividend payout ratio is currently 414.29%.

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In related news, CEO William P. Bowers sold 85,151 shares of the firm’s stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $50.00, for a total value of $4,257,550.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Ann P. Daiss sold 5,080 shares of the firm’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $53.28, for a total value of $270,662.40. Following the completion of the transaction, the insider now directly owns 7,474 shares in the company, valued at $398,214.72. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 213,813 shares of company stock worth $11,029,988. 0.74% of the stock is owned by insiders.

Southern Company (The) 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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