Sii Investments Inc. WI Purchases 1,318 Shares of Southern Company (The) (SO)

Sii Investments Inc. WI raised its position in shares of Southern Company (The) (NYSE:SO) by 16.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,439 shares of the utilities provider’s stock after purchasing an additional 1,318 shares during the period. Sii Investments Inc. WI’s holdings in Southern were worth $468,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Chicago Partners Investment Group LLC purchased a new stake in shares of Southern during the 2nd quarter worth about $100,000. Farmers & Merchants Trust Co of Chambersburg PA bought a new position in shares of Southern in the 3rd quarter valued at approximately $105,000. Monroe Bank & Trust MI raised its stake in shares of Southern by 17.9% in the 2nd quarter. Monroe Bank & Trust MI now owns 2,300 shares of the utilities provider’s stock valued at $110,000 after acquiring an additional 350 shares in the last quarter. AlphaMark Advisors LLC raised its stake in shares of Southern by 0.6% in the 2nd quarter. AlphaMark Advisors LLC now owns 2,363 shares of the utilities provider’s stock valued at $113,000 after acquiring an additional 14 shares in the last quarter. Finally, Barnett & Company Inc. raised its stake in shares of Southern by 25.0% in the 2nd quarter. Barnett & Company Inc. now owns 2,725 shares of the utilities provider’s stock valued at $130,000 after acquiring an additional 545 shares in the last quarter. 53.78% of the stock is owned by institutional investors.

In other news, insider Ann P. Daiss sold 5,080 shares of Southern stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $53.28, for a total transaction of $270,662.40. Following the sale, the insider now owns 7,474 shares of the company’s stock, valued at approximately $398,214.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Christopher C. Womack sold 46,641 shares of Southern stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $53.00, for a total value of $2,471,973.00. Following the sale, the executive vice president now directly owns 56,799 shares in the company, valued at approximately $3,010,347. The disclosure for this sale can be found here. Insiders sold a total of 213,813 shares of company stock worth $11,029,988 in the last ninety days. Insiders own 1.00% of the company’s stock.

SO has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded Southern from a “hold” rating to a “sell” rating in a research note on Monday, September 11th. Guggenheim raised Southern from a “neutral” rating to a “buy” rating and raised their price objective for the company from $49.00 to $56.00 in a research note on Thursday, September 14th. Mizuho raised Southern from a “neutral” rating to a “buy” rating and set a $53.00 price objective on the stock in a research note on Tuesday, September 5th. SunTrust Banks reissued a “hold” rating and issued a $52.00 price objective on shares of Southern in a research note on Friday, October 20th. Finally, KeyCorp reissued a “hold” rating on shares of Southern in a research note on Friday, September 1st. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $49.92.

Shares of Southern Company (SO) opened at $51.31 on Monday. The stock has a market capitalization of $51,496.15, a P/E ratio of 18.66, a price-to-earnings-growth ratio of 3.86 and a beta of 0.13. The company has a quick ratio of 0.57, a current ratio of 0.73 and a debt-to-equity ratio of 1.73. Southern Company has a fifty-two week low of $46.71 and a fifty-two week high of $53.51.

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

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

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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.

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Institutional Ownership by Quarter for Southern (NYSE:SO)

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