Southern Company (The) (SO) Shares Bought by American Century Companies Inc.

American Century Companies Inc. boosted its holdings in Southern Company (The) (NYSE:SO) by 16.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 194,246 shares of the utilities provider’s stock after buying an additional 27,472 shares during the quarter. American Century Companies Inc.’s holdings in Southern Company (The) were worth $9,300,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Pathstone Family Office LLC acquired a new stake in shares of Southern Company (The) during the first quarter valued at about $170,000. Epoch Investment Partners Inc. boosted its stake in shares of Southern Company (The) by 5.0% during the first quarter. Epoch Investment Partners Inc. now owns 3,249,597 shares of the utilities provider’s stock valued at $161,765,000 after purchasing an additional 154,093 shares in the last quarter. Pennsylvania Trust Co boosted its stake in shares of Southern Company (The) by 38.2% during the second quarter. Pennsylvania Trust Co now owns 33,700 shares of the utilities provider’s stock valued at $1,614,000 after purchasing an additional 9,314 shares in the last quarter. First National Bank of Omaha boosted its stake in shares of Southern Company (The) by 0.5% during the second quarter. First National Bank of Omaha now owns 15,070 shares of the utilities provider’s stock valued at $721,000 after purchasing an additional 70 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in shares of Southern Company (The) by 14.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 197,743 shares of the utilities provider’s stock valued at $9,844,000 after purchasing an additional 24,248 shares in the last quarter. 53.27% of the stock is currently owned by institutional investors and hedge funds.

SO has been the topic of a number of recent research reports. Jefferies Group LLC reissued a “buy” rating and set a $55.00 price target on shares of Southern Company (The) in a research note on Wednesday, July 19th. Barclays PLC reissued a “buy” rating and set a $54.00 price target on shares of Southern Company (The) in a research note on Tuesday, July 25th. Deutsche Bank AG raised Southern Company (The) from a “hold” rating to a “buy” rating and lifted their price target for the company from $50.00 to $52.00 in a research note on Tuesday, August 1st. Mizuho raised Southern Company (The) from a “neutral” rating to a “buy” rating and set a $53.00 price target on the stock in a research note on Tuesday, September 5th. Finally, Guggenheim raised Southern Company (The) from a “neutral” rating to a “buy” rating and lifted their price target for the company from $49.00 to $56.00 in a research note on Thursday, September 14th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $49.44.

In related news, EVP Christopher C. Womack sold 75,144 shares of the stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $49.29, for a total transaction of $3,703,847.76. Following the completion of the sale, the executive vice president now directly owns 85,298 shares in the company, valued at approximately $4,204,338.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.74% of the company’s stock.

Southern Company (NYSE:SO) opened at 50.24 on Wednesday. The company has a 50 day moving average price of $49.16 and a 200-day moving average price of $49.33. The firm has a market capitalization of $50.21 billion, a price-to-earnings ratio of 82.63 and a beta of 0.13. Southern Company has a 1-year low of $46.20 and a 1-year high of $52.23.

Southern Company (The) (NYSE:SO) last issued its earnings results on Wednesday, August 2nd. The utilities provider reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.02. The company had revenue of $5.43 billion during the quarter, compared to analysts’ expectations of $5.23 billion. Southern Company (The) had a return on equity of 11.30% and a net margin of 2.93%. Southern Company (The)’s quarterly revenue was up 21.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.74 EPS. On average, analysts forecast that Southern Company will post $2.95 EPS for the current fiscal year.

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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.

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

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