Mutual of America Capital Management LLC Has $6.13 Million Stake in Southern Co (SO)

Mutual of America Capital Management LLC increased its position in shares of Southern Co (NYSE:SO) by 2.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 127,403 shares of the utilities provider’s stock after buying an additional 3,611 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Southern were worth $6,127,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. Savant Capital LLC grew its stake in shares of Southern by 9.9% in the 4th quarter. Savant Capital LLC now owns 15,369 shares of the utilities provider’s stock valued at $739,000 after purchasing an additional 1,388 shares during the last quarter. Telos Capital Management Inc. grew its stake in shares of Southern by 7.6% in the 4th quarter. Telos Capital Management Inc. now owns 35,163 shares of the utilities provider’s stock valued at $1,691,000 after purchasing an additional 2,473 shares during the last quarter. DT Investment Partners LLC grew its stake in shares of Southern by 16.6% in the 4th quarter. DT Investment Partners LLC now owns 55,885 shares of the utilities provider’s stock valued at $2,688,000 after purchasing an additional 7,958 shares during the last quarter. Welch Investments LLC grew its stake in shares of Southern by 4.7% in the 4th quarter. Welch Investments LLC now owns 112,491 shares of the utilities provider’s stock valued at $5,410,000 after purchasing an additional 5,051 shares during the last quarter. Finally, Conning Inc. grew its stake in shares of Southern by 32.5% in the 4th quarter. Conning Inc. now owns 31,294 shares of the utilities provider’s stock valued at $1,505,000 after purchasing an additional 7,680 shares during the last quarter. Hedge funds and other institutional investors own 53.64% of the company’s stock.

Several research analysts have weighed in on SO shares. SunTrust Banks reiterated a “hold” rating and issued a $52.00 target price on shares of Southern in a research note on Friday, October 20th. Bank of America reiterated an “underperform” rating and issued a $51.00 target price on shares of Southern in a research note on Tuesday, October 24th. Zacks Investment Research cut Southern from a “hold” rating to a “sell” rating in a report on Tuesday, October 24th. Mizuho reissued a “buy” rating and issued a $55.00 price target on shares of Southern in a report on Friday, December 8th. Finally, Royal Bank of Canada reissued a “buy” rating on shares of Southern in a report on Friday, December 22nd. Six investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. Southern presently has an average rating of “Hold” and an average price target of $50.50.

Shares of Southern Co (SO) traded up $0.93 during mid-day trading on Friday, reaching $44.33. The company had a trading volume of 11,002,996 shares, compared to its average volume of 8,190,000. The firm has a market capitalization of $44,490.00, a PE ratio of 79.16, a PEG ratio of 3.29 and a beta of 0.03. Southern Co has a 52-week low of $42.63 and a 52-week high of $53.51. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.57 and a current ratio of 0.73.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 6th. Investors of record on Tuesday, February 20th will be issued a dividend of $0.58 per share. The ex-dividend date is Friday, February 16th. This represents a $2.32 annualized dividend and a yield of 5.23%. Southern’s dividend payout ratio is presently 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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