Southern Company (The) (NYSE:SO) Shares Bought by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC boosted its stake in shares of Southern Company (The) (NYSE:SO) by 2.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 123,792 shares of the utilities provider’s stock after purchasing an additional 2,710 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Southern were worth $6,083,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. YHB Investment Advisors Inc. grew its stake in Southern by 7.3% during the 1st quarter. YHB Investment Advisors Inc. now owns 9,118 shares of the utilities provider’s stock worth $454,000 after buying an additional 621 shares during the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. lifted its position in Southern by 0.6% during the 1st quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 88,640 shares of the utilities provider’s stock worth $4,413,000 after acquiring an additional 565 shares during the period. KBC Group NV lifted its position in Southern by 15.1% during the 1st quarter. KBC Group NV now owns 94,012 shares of the utilities provider’s stock worth $4,680,000 after acquiring an additional 12,298 shares during the period. Ronald Blue & Co. LLC lifted its position in Southern by 2.3% during the 1st quarter. Ronald Blue & Co. LLC now owns 16,714 shares of the utilities provider’s stock worth $832,000 after acquiring an additional 371 shares during the period. Finally, USS Investment Management Ltd lifted its position in Southern by 8.6% during the 1st quarter. USS Investment Management Ltd now owns 114,429 shares of the utilities provider’s stock worth $5,697,000 after acquiring an additional 9,100 shares during the period. Institutional investors own 53.78% of the company’s stock.

A number of analysts have weighed in on SO shares. J P Morgan Chase & Co began coverage on Southern in a research report on Tuesday, August 8th. They set an “overweight” rating and a $16.78 price objective for the company. BidaskClub cut Southern from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Morgan Stanley set a $50.00 price target on Southern and gave the company a “sell” rating in a report on Thursday, August 10th. Zacks Investment Research raised Southern from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd. Finally, KeyCorp reissued a “hold” rating on shares of Southern in a report on Friday, September 1st. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $49.72.

In related news, insider Ann P. Daiss sold 5,000 shares of Southern stock in a transaction on Friday, October 20th. The stock was sold at an average price of $52.28, for a total value of $261,400.00. Following the transaction, the insider now owns 7,394 shares in the company, valued at $386,558.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Christopher C. Womack sold 46,641 shares of the business’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $53.00, for a total value of $2,471,973.00. Following the transaction, the executive vice president now owns 56,799 shares in the company, valued at approximately $3,010,347. The disclosure for this sale can be found here. In the last ninety days, insiders sold 213,813 shares of company stock valued at $11,029,988. Company insiders own 0.74% of the company’s stock.

Southern Company (SO) traded up $0.53 during trading on Wednesday, reaching $50.89. The company’s stock had a trading volume of 4,041,575 shares, compared to its average volume of 4,676,240. The stock has a market capitalization of $50,780.00, a P/E ratio of 18.30, a price-to-earnings-growth ratio of 4.54 and a beta of 0.13. The company has a quick ratio of 0.57, a current ratio of 0.73 and a debt-to-equity ratio of 1.73. Southern Company has a one year low of $46.58 and a one year high of $53.51.

Southern (NYSE:SO) last announced its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $1.12 EPS for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.04. The business had revenue of $6.20 billion during the quarter, compared to the consensus estimate of $6.16 billion. Southern had a return on equity of 10.81% and a net margin of 2.59%. The business’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.27 earnings per share. research analysts anticipate that Southern Company will post 2.95 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Monday, November 20th will be given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 4.56%. The ex-dividend date of this dividend is Friday, November 17th. Southern’s dividend payout ratio is currently 414.29%.

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Southern 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 (NYSE:SO)

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