Southern Company (The) (SO) Shares Bought by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of Southern Company (The) (NYSE:SO) by 0.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,383,051 shares of the utilities provider’s stock after purchasing an additional 1,690 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.24% of Southern worth $117,103,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. AlphaMark Advisors LLC raised its stake in Southern by 0.6% during the second quarter. AlphaMark Advisors LLC now owns 2,363 shares of the utilities provider’s stock worth $113,000 after acquiring an additional 14 shares during the period. South Texas Money Management Ltd. raised its stake in Southern by 0.3% during the second quarter. South Texas Money Management Ltd. now owns 7,084 shares of the utilities provider’s stock worth $339,000 after acquiring an additional 19 shares during the period. WMS Partners LLC raised its stake in Southern by 0.6% during the second quarter. WMS Partners LLC now owns 4,387 shares of the utilities provider’s stock worth $210,000 after acquiring an additional 25 shares during the period. Regal Investment Advisors LLC raised its stake in Southern by 0.4% during the first quarter. Regal Investment Advisors LLC now owns 7,990 shares of the utilities provider’s stock worth $398,000 after acquiring an additional 29 shares during the period. Finally, Sfmg LLC raised its stake in Southern by 0.5% during the second quarter. Sfmg LLC now owns 6,435 shares of the utilities provider’s stock worth $308,000 after acquiring an additional 29 shares during the period. 53.78% of the stock is currently owned by institutional investors and hedge funds.

Shares of Southern Company (NYSE:SO) traded down $0.21 during trading hours on Friday, hitting $51.31. 8,989,441 shares of the company’s stock traded hands, compared to its average volume of 4,176,924. The company has a quick ratio of 0.57, a current ratio of 0.73 and a debt-to-equity ratio of 1.73. The firm has a market capitalization of $51,496.15, a price-to-earnings ratio of 18.66, a P/E/G ratio of 3.86 and a beta of 0.13. Southern Company has a 12 month low of $46.71 and a 12 month high of $53.51.

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 6th. Stockholders of record on Monday, November 20th were issued a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 4.52%. The ex-dividend date was Friday, November 17th. Southern’s dividend payout ratio (DPR) is presently 414.29%.

Several equities research analysts recently weighed in on SO shares. BidaskClub upgraded shares of Southern from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. Zacks Investment Research upgraded shares of Southern from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. KeyCorp restated a “hold” rating on shares of Southern in a research note on Friday, September 1st. Mizuho upgraded shares of Southern from a “neutral” rating to a “buy” rating and set a $53.00 price target on the stock in a research note on Tuesday, September 5th. Finally, Jefferies Group restated a “buy” rating and issued a $56.00 price target (up previously from $55.00) on shares of Southern in a research note on Tuesday, September 12th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $49.92.

In other news, VP James Y. Kerr II sold 25,000 shares of the stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $52.16, for a total value of $1,304,000.00. Following the completion of the transaction, the vice president now directly owns 26,000 shares in the company, valued at $1,356,160. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ann P. Daiss sold 5,000 shares of the stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $52.28, for a total transaction of $261,400.00. Following the completion of the transaction, the insider now owns 7,394 shares of the company’s stock, valued at $386,558.32. The disclosure for this sale can be found here. Insiders sold 213,813 shares of company stock valued at $11,029,988 over the last quarter. Insiders own 1.00% of the company’s stock.

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About Southern

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 (NYSE:SO)

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