Mutual of America Capital Management LLC Purchases 2,710 Shares of Southern Company (The) (SO)

Mutual of America Capital Management LLC lifted its position in shares of Southern Company (The) (NYSE:SO) by 2.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 123,792 shares of the utilities provider’s stock after acquiring an additional 2,710 shares during the period. Mutual of America Capital Management LLC’s holdings in Southern Company (The) were worth $6,083,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Southern Company (The) by 3.3% in the 2nd quarter. Vanguard Group Inc. now owns 71,053,604 shares of the utilities provider’s stock valued at $3,402,047,000 after buying an additional 2,295,466 shares in the last quarter. BlackRock Inc. grew its position in Southern Company (The) by 2,961.9% in the 1st quarter. BlackRock Inc. now owns 62,067,822 shares of the utilities provider’s stock valued at $3,089,736,000 after buying an additional 60,040,696 shares in the last quarter. State Street Corp grew its position in Southern Company (The) by 1.1% in the 1st quarter. State Street Corp now owns 48,900,251 shares of the utilities provider’s stock valued at $2,434,244,000 after buying an additional 515,397 shares in the last quarter. Franklin Resources Inc. grew its position in Southern Company (The) by 3.6% in the 2nd quarter. Franklin Resources Inc. now owns 22,379,839 shares of the utilities provider’s stock valued at $1,071,547,000 after buying an additional 770,413 shares in the last quarter. Finally, Capital Research Global Investors grew its position in Southern Company (The) by 25.3% in the 2nd quarter. Capital Research Global Investors now owns 14,940,226 shares of the utilities provider’s stock valued at $715,338,000 after buying an additional 3,015,226 shares in the last quarter. Institutional investors and hedge funds own 52.64% of the company’s stock.

In other Southern Company (The) news, CEO William P. Bowers sold 85,151 shares of the company’s stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $50.00, for a total transaction of $4,257,550.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ann P. Daiss sold 5,080 shares of the company’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $53.28, for a total transaction of $270,662.40. Following the sale, the insider now directly owns 7,474 shares of the company’s stock, valued at $398,214.72. The disclosure for this sale can be found here. Insiders have sold 213,813 shares of company stock valued at $11,029,988 over the last ninety days. Insiders own 0.74% of the company’s stock.

A number of brokerages recently issued reports on SO. Zacks Investment Research upgraded shares of Southern Company (The) from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. Bank of America Corporation reiterated an “underperform” rating and issued a $51.00 target price on shares of Southern Company (The) in a research report on Tuesday, October 24th. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $52.00 target price on shares of Southern Company (The) in a research report on Friday, October 20th. Jefferies Group LLC reiterated a “buy” rating and issued a $56.00 target price (up previously from $55.00) on shares of Southern Company (The) in a research report on Tuesday, September 12th. Finally, Credit Suisse Group upgraded shares of Southern Company (The) from an “underperform” rating to a “neutral” rating in a research report on Thursday, August 3rd. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $49.72.

TRADEMARK VIOLATION WARNING: This news story was posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this news story on another site, it was copied illegally and republished in violation of US and international trademark & copyright law. The original version of this news story can be viewed at https://sportsperspectives.com/2017/11/21/mutual-of-america-capital-management-llc-purchases-2710-shares-of-southern-company-the-so.html.

Shares of Southern Company (NYSE SO) opened at $51.18 on Tuesday. 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 52 week low of $46.20 and a 52 week high of $53.51. The company has a market cap of $51,150.00, a PE ratio of 18.53, a price-to-earnings-growth ratio of 4.60 and a beta of 0.15.

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

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

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 MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply