Buckhead Capital Management LLC Has $5.54 Million Holdings in Southern Co (SO)

Buckhead Capital Management LLC trimmed its position in shares of Southern Co (NYSE:SO) by 9.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 115,117 shares of the utilities provider’s stock after selling 12,122 shares during the period. Buckhead Capital Management LLC’s holdings in Southern were worth $5,536,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of Southern by 3.3% during the second quarter. Vanguard Group Inc. now owns 71,053,604 shares of the utilities provider’s stock valued at $3,402,047,000 after acquiring an additional 2,295,466 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Southern by 3.6% during the second quarter. Franklin Resources Inc. now owns 22,379,839 shares of the utilities provider’s stock valued at $1,071,547,000 after acquiring an additional 770,413 shares in the last quarter. Capital Research Global Investors increased its holdings in shares of Southern by 25.3% during the second quarter. Capital Research Global Investors now owns 14,940,226 shares of the utilities provider’s stock valued at $715,338,000 after acquiring an additional 3,015,226 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Southern by 3.9% during the third quarter. Ameriprise Financial Inc. now owns 9,378,775 shares of the utilities provider’s stock valued at $460,666,000 after acquiring an additional 352,722 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of Southern by 4.2% during the third quarter. Legal & General Group Plc now owns 7,292,675 shares of the utilities provider’s stock valued at $358,339,000 after acquiring an additional 291,409 shares in the last quarter. 53.64% of the stock is owned by institutional investors and hedge funds.

Southern Co (SO) opened at $43.40 on Friday. Southern Co has a fifty-two week low of $42.63 and a fifty-two week high of $53.51. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.73 and a quick ratio of 0.57. The firm has a market cap of $43,560.00, a P/E ratio of 77.50, a P/E/G ratio of 3.23 and a beta of 0.03.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 6th. Investors of record on Tuesday, February 20th will be issued a $0.58 dividend. The ex-dividend date is Friday, February 16th. This represents a $2.32 annualized dividend and a yield of 5.35%. Southern’s dividend payout ratio (DPR) is presently 414.29%.

Several equities analysts have recently issued reports on SO shares. Zacks Investment Research downgraded shares of Southern from a “hold” rating to a “sell” rating in a report on Monday, January 15th. Goldman Sachs Group restated a “sell” rating on shares of Southern in a report on Wednesday, January 10th. Bank of America restated an “underperform” rating and set a $51.00 price objective on shares of Southern in a report on Tuesday, October 24th. Mizuho restated a “buy” rating and set a $52.00 price objective on shares of Southern in a report on Tuesday, December 26th. Finally, JPMorgan Chase & Co. started coverage on shares of Southern in a report on Friday, January 12th. They set an “underweight” rating and a $46.00 price objective on the stock. Six research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $50.50.

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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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