Chilton Investment Co. LLC Takes $250,000 Position in Southern Co (SO)

Chilton Investment Co. LLC acquired a new position in shares of Southern Co (NYSE:SO) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,200 shares of the utilities provider’s stock, valued at approximately $250,000.

Several other institutional investors have also bought and sold shares of the company. Carmichael Hill & Associates Inc. bought a new stake in shares of Southern in the 4th quarter valued at about $454,000. California Public Employees Retirement System raised its holdings in shares of Southern by 4.9% in the 4th quarter. California Public Employees Retirement System now owns 2,688,617 shares of the utilities provider’s stock valued at $129,296,000 after purchasing an additional 125,902 shares during the period. Alpha Omega Wealth Management LLC raised its holdings in shares of Southern by 12.4% in the 4th quarter. Alpha Omega Wealth Management LLC now owns 11,567 shares of the utilities provider’s stock valued at $556,000 after purchasing an additional 1,275 shares during the period. Rench Wealth Management Inc. raised its holdings in shares of Southern by 8.9% in the 4th quarter. Rench Wealth Management Inc. now owns 51,116 shares of the utilities provider’s stock valued at $2,458,000 after purchasing an additional 4,172 shares during the period. Finally, Teacher Retirement System of Texas raised its holdings in shares of Southern by 1,918.5% in the 4th quarter. Teacher Retirement System of Texas now owns 273,380 shares of the utilities provider’s stock valued at $13,147,000 after purchasing an additional 259,836 shares during the period. Institutional investors own 53.64% of the company’s stock.

SO has been the topic of a number of research analyst reports. Mizuho reaffirmed a “buy” rating and issued a $52.00 target price on shares of Southern in a report on Tuesday, December 26th. Royal Bank of Canada reaffirmed a “buy” rating on shares of Southern in a report on Friday, December 22nd. Zacks Investment Research raised shares of Southern from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a report on Tuesday, December 12th. Guggenheim reaffirmed a “buy” rating and issued a $52.00 target price on shares of Southern in a report on Wednesday, January 3rd. Finally, SunTrust Banks set a $49.00 target price on shares of Southern and gave the company a “hold” rating in a report on Wednesday, January 3rd. Six investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $50.50.

Southern Co (NYSE:SO) opened at $44.33 on Friday. The firm has a market cap of $44,490.00, a PE ratio of 79.16, a price-to-earnings-growth ratio of 3.22 and a beta of 0.03. 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 Co has a fifty-two week low of $42.63 and a fifty-two week high of $53.51.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 6th. Shareholders 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 5.23%. Southern’s dividend payout ratio 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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