TLP Group LLC Takes Position in Southern Company (The) (NYSE:SO)

TLP Group LLC purchased a new stake in Southern Company (The) (NYSE:SO) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 7,400 shares of the utilities provider’s stock, valued at approximately $368,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Gierl Augustine Investment Management Inc boosted its stake in shares of Southern Company (The) by 8.8% in the first quarter. Gierl Augustine Investment Management Inc now owns 72,041 shares of the utilities provider’s stock valued at $3,586,000 after buying an additional 5,844 shares during the period. AlphaMark Advisors LLC boosted its stake in shares of Southern Company (The) by 115.7% in the first quarter. AlphaMark Advisors LLC now owns 2,349 shares of the utilities provider’s stock valued at $117,000 after buying an additional 1,260 shares during the period. Stifel Financial Corp boosted its stake in shares of Southern Company (The) by 5.2% in the first quarter. Stifel Financial Corp now owns 1,640,131 shares of the utilities provider’s stock valued at $81,543,000 after buying an additional 81,148 shares during the period. Vicus Capital boosted its stake in shares of Southern Company (The) by 11.9% in the first quarter. Vicus Capital now owns 16,423 shares of the utilities provider’s stock valued at $818,000 after buying an additional 1,745 shares during the period. Finally, Elkfork Partners LLC boosted its stake in shares of Southern Company (The) by 23.9% in the first quarter. Elkfork Partners LLC now owns 695,470 shares of the utilities provider’s stock valued at $34,620,000 after buying an additional 134,062 shares during the period. Institutional investors own 52.83% of the company’s stock.

Southern Company (SO) opened at 48.30 on Friday. The stock has a market cap of $48.27 billion, a price-to-earnings ratio of 79.44 and a beta of 0.12. The company has a 50 day moving average price of $47.97 and a 200 day moving average price of $49.46. Southern Company has a 52 week low of $46.20 and a 52 week high of $53.73.

Southern Company (The) (NYSE:SO) last announced its earnings results on Wednesday, August 2nd. The utilities provider reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.02. The business had revenue of $5.43 billion during the quarter, compared to analysts’ expectations of $5.23 billion. Southern Company (The) had a net margin of 2.93% and a return on equity of 11.30%. The firm’s revenue for the quarter was up 21.7% on a year-over-year basis. During the same quarter last year, the company posted $0.74 EPS. Analysts expect that Southern Company will post $2.95 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 6th. Investors of record on Monday, August 21st will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 4.80%. The ex-dividend date is Thursday, August 17th. Southern Company (The)’s dividend payout ratio (DPR) is currently 346.27%.

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Several analysts have issued reports on the company. Morgan Stanley set a $50.00 target price on Southern Company (The) and gave the company a “sell” rating in a research report on Thursday, August 10th. BidaskClub cut Southern Company (The) from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. J P Morgan Chase & Co started coverage on Southern Company (The) in a research report on Tuesday, August 8th. They issued an “overweight” rating and a $16.78 price objective for the company. Credit Suisse Group raised Southern Company (The) from an “underperform” rating to a “neutral” rating in a research report on Thursday, August 3rd. Finally, Deutsche Bank AG raised Southern Company (The) from a “hold” rating to a “buy” rating and raised their price objective for the stock from $50.00 to $52.00 in a research report on Tuesday, August 1st. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $48.79.

In other news, insider Ann P. Daiss sold 5,000 shares of the firm’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $51.28, for a total value of $256,400.00. Following the transaction, the insider now owns 7,394 shares of the company’s stock, valued at approximately $379,164.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Art P. Beattie sold 46,940 shares of the firm’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $51.50, for a total transaction of $2,417,410.00. Following the completion of the transaction, the insider now directly owns 59,493 shares in the company, valued at approximately $3,063,889.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 152,084 shares of company stock worth $7,665,158. Insiders own 1.00% of the company’s stock.

About Southern Company (The)

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 Company (The) (NYSE:SO)

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