BLB&B Advisors LLC Continues to Hold Stake in Southern Company (The) (SO)

BLB&B Advisors LLC maintained its position in Southern Company (The) (NYSE:SO) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,193 shares of the utilities provider’s stock at the end of the second quarter. BLB&B Advisors LLC’s holdings in Southern Company (The) were worth $657,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in SO. Orrstown Financial Services Inc. raised its position in Southern Company (The) by 10.8% in the first quarter. Orrstown Financial Services Inc. now owns 2,050 shares of the utilities provider’s stock worth $102,000 after buying an additional 200 shares during the period. Symmetry Partners LLC purchased a new position in Southern Company (The) during the first quarter worth approximately $103,000. Feltz Wealth PLAN Inc. purchased a new position in Southern Company (The) during the first quarter worth approximately $108,000. Stuart Chaussee & Associates Inc. raised its position in Southern Company (The) by 358.8% in the first quarter. Stuart Chaussee & Associates Inc. now owns 2,225 shares of the utilities provider’s stock worth $111,000 after buying an additional 1,740 shares during the period. Finally, IHT Wealth Management LLC raised its stake in shares of Southern Company (The) by 15.3% in the first quarter. IHT Wealth Management LLC now owns 2,281 shares of the utilities provider’s stock valued at $115,000 after buying an additional 302 shares during the last quarter. Institutional investors own 52.83% of the company’s stock.

Shares of Southern Company (SO) traded up 0.79% on Friday, reaching $48.30. 4,853,025 shares of the company’s stock were exchanged. Southern Company has a one year low of $46.20 and a one year high of $53.73. The company’s 50 day moving average is $47.97 and its 200-day moving average is $49.46. The stock has a market cap of $48.27 billion, a price-to-earnings ratio of 79.44 and a beta of 0.12.

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

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

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Several brokerages have issued reports on SO. Royal Bank Of Canada reiterated a “hold” rating and set a $53.00 target price on shares of Southern Company (The) in a research report on Monday, July 31st. J P Morgan Chase & Co began coverage on shares of Southern Company (The) in a research report on Tuesday, August 8th. They set an “overweight” rating and a $16.78 target price for the company. BidaskClub upgraded shares of Southern Company (The) from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Credit Suisse Group upgraded shares of Southern Company (The) from an “underperform” rating to a “neutral” rating in a research report on Thursday, August 3rd. Finally, Barclays PLC reiterated a “buy” rating and set a $54.00 target price on shares of Southern Company (The) in a research report on Tuesday, July 25th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $48.79.

In other Southern Company (The) news, insider Ann P. Daiss sold 5,000 shares of Southern Company (The) stock in a transaction dated Monday, June 12th. The stock was 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 in the company, valued at $379,164.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Christopher C. Womack sold 75,144 shares of Southern Company (The) stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $49.29, for a total value of $3,703,847.76. Following the completion of the transaction, the executive vice president now owns 85,298 shares in the company, valued at approximately $4,204,338.42. The disclosure for this sale can be found here. In the last quarter, insiders sold 152,084 shares of company stock worth $7,665,158. Insiders own 1.00% of the company’s stock.

Southern Company (The) 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.

Institutional Ownership by Quarter for Southern Company (The) (NYSE:SO)

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