AE Wealth Management LLC Has $2.86 Million Position in Southern Company (The) (SO)

AE Wealth Management LLC increased its position in shares of Southern Company (The) (NYSE:SO) by 75.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 57,395 shares of the utilities provider’s stock after buying an additional 24,622 shares during the period. AE Wealth Management LLC’s holdings in Southern Company (The) were worth $2,857,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in SO. Orrstown Financial Services Inc. raised its position in shares of 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 acquired a new position in shares of Southern Company (The) during the first quarter worth approximately $103,000. Feltz Wealth PLAN Inc. acquired a new position in shares of Southern Company (The) during the first quarter worth approximately $108,000. Stuart Chaussee & Associates Inc. increased its position in shares of 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 in the last quarter. Finally, AlphaMark Advisors LLC increased its position 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 worth $117,000 after buying an additional 1,260 shares in the last quarter. Institutional investors own 52.83% of the company’s stock.

Shares of Southern Company (SO) opened at 48.30 on Friday. 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 P/E ratio of 79.44 and a beta of 0.12. Southern Company has a 1-year low of $46.20 and a 1-year high of $53.73.

Southern Company (The) (NYSE:SO) last issued its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.02. Southern Company (The) had a net margin of 2.93% and a return on equity of 11.30%. The firm had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.23 billion. During the same quarter in the prior year, the firm earned $0.74 EPS. The company’s revenue was up 21.7% on a year-over-year basis. Equities research analysts anticipate that Southern Company will post $2.95 EPS for the current year.

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

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SO has been the topic of a number of research reports. Jefferies Group LLC reissued a “buy” rating and issued a $55.00 target price on shares of Southern Company (The) in a research note on Monday, May 15th. Barclays PLC reissued a “buy” rating and issued a $55.00 target price on shares of Southern Company (The) in a research note on Monday, May 15th. Deutsche Bank AG raised shares of Southern Company (The) from a “hold” rating to a “buy” rating and raised their target price for the company from $50.00 to $52.00 in a research note on Tuesday, August 1st. Royal Bank Of Canada reissued a “hold” rating and issued a $53.00 target price on shares of Southern Company (The) in a research note on Monday, July 31st. Finally, BidaskClub raised shares of Southern Company (The) from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Four research 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 stock presently has a consensus rating of “Hold” and a consensus target price of $48.79.

In other Southern Company (The) news, insider Art P. Beattie sold 46,940 shares of the 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 sale, the insider now owns 59,493 shares of the company’s stock, valued at approximately $3,063,889.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Ann P. Daiss sold 5,000 shares of the stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $51.28, for a total transaction of $256,400.00. Following the sale, the insider now directly owns 7,394 shares in the company, valued at approximately $379,164.32. 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.

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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