Global Financial Private Capital LLC Has $14.97 Million Stake in Southern Co (SO)

Global Financial Private Capital LLC decreased its holdings in Southern Co (NYSE:SO) by 1.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 311,241 shares of the utilities provider’s stock after selling 5,610 shares during the quarter. Global Financial Private Capital LLC’s holdings in Southern were worth $14,968,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of SO. Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in shares of Southern in the 3rd quarter worth $105,000. AlphaMark Advisors LLC boosted its position 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 worth $113,000 after purchasing an additional 14 shares in the last quarter. Fieldpoint Private Securities LLC acquired a new stake in shares of Southern in the 3rd quarter worth $118,000. Thompson Davis & CO. Inc. boosted its position in shares of Southern by 152.6% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 2,791 shares of the utilities provider’s stock worth $134,000 after purchasing an additional 1,686 shares in the last quarter. Finally, Acropolis Investment Management LLC acquired a new stake in shares of Southern in the 4th quarter worth $134,000. 53.72% of the stock is owned by hedge funds and other institutional investors.

Shares of Southern Co (NYSE SO) opened at $44.62 on Wednesday. Southern Co has a 52-week low of $42.63 and a 52-week high of $53.51. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.57 and a current ratio of 0.73. The company has a market capitalization of $44,842.10, a PE ratio of 16.25, a price-to-earnings-growth ratio of 3.31 and a beta of 0.03.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 6th. Shareholders of record on Tuesday, February 20th will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Friday, February 16th. This represents a $2.32 dividend on an annualized basis and a yield of 5.20%. Southern’s dividend payout ratio is currently 414.29%.

A number of analysts have recently weighed in on SO shares. Zacks Investment Research cut Southern from a “hold” rating to a “sell” rating in a research report on Monday, January 15th. SunTrust Banks reissued a “hold” rating and issued a $50.00 price objective on shares of Southern in a research report on Tuesday, December 26th. Goldman Sachs Group reissued a “sell” rating on shares of Southern in a research report on Wednesday, January 10th. Mizuho reissued a “buy” rating and issued a $52.00 price objective on shares of Southern in a research report on Tuesday, December 26th. Finally, JPMorgan Chase & Co. started coverage on Southern in a research report on Friday, January 12th. They issued an “underweight” rating and a $46.00 price objective for the company. Six analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $50.03.

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Southern 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.

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Institutional Ownership by Quarter for Southern (NYSE:SO)

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