Capital One National Association Invests $211,000 in Southern Company (The) (SO)

Capital One National Association bought a new position in shares of Southern Company (The) (NYSE:SO) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 4,414 shares of the utilities provider’s stock, valued at approximately $211,000.

Several other large investors have also bought and sold shares of the company. Baker Boyer National Bank increased its position in shares of Southern Company (The) by 5.5% during the second quarter. Baker Boyer National Bank now owns 12,152 shares of the utilities provider’s stock worth $581,000 after acquiring an additional 630 shares in the last quarter. Fox Run Management L.L.C. increased its position in shares of Southern Company (The) by 247.1% during the second quarter. Fox Run Management L.L.C. now owns 22,400 shares of the utilities provider’s stock worth $1,073,000 after acquiring an additional 15,947 shares in the last quarter. First Command Bank increased its position in shares of Southern Company (The) by 97.4% during the second quarter. First Command Bank now owns 11,232 shares of the utilities provider’s stock worth $538,000 after acquiring an additional 5,543 shares in the last quarter. Beacon Financial Group increased its position in shares of Southern Company (The) by 2.4% during the second quarter. Beacon Financial Group now owns 190,131 shares of the utilities provider’s stock worth $9,181,000 after acquiring an additional 4,453 shares in the last quarter. Finally, Burns J W & Co. Inc. NY increased its position in shares of Southern Company (The) by 2.5% during the second quarter. Burns J W & Co. Inc. NY now owns 32,193 shares of the utilities provider’s stock worth $1,541,000 after acquiring an additional 781 shares in the last quarter. 53.27% of the stock is owned by institutional investors.

Southern Company (SO) traded up 0.50% on Friday, reaching $50.20. 5,696,199 shares of the company’s stock were exchanged. Southern Company has a 52-week low of $46.20 and a 52-week high of $53.73. The firm’s 50 day moving average price is $48.47 and its 200 day moving average price is $49.45. The company has a market cap of $50.17 billion, a PE ratio of 82.57 and a beta of 0.13.

Southern Company (The) (NYSE:SO) last released its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.02. The business had revenue of $5.43 billion during the quarter, compared to analyst estimates of $5.23 billion. Southern Company (The) had a net margin of 2.93% and a return on equity of 11.30%. Southern Company (The)’s revenue was up 21.7% compared to the same quarter last year. During the same period last year, the business earned $0.74 EPS. On average, analysts expect that Southern Company will post $2.94 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 6th. Stockholders of record on Monday, August 21st were paid a $0.58 dividend. The ex-dividend date of this dividend was Thursday, August 17th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 4.62%. Southern Company (The)’s dividend payout ratio is presently 346.27%.

Several research firms have recently commented on SO. 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. Credit Suisse Group raised shares of Southern Company (The) from an “underperform” rating to a “neutral” rating in a research report on Thursday, August 3rd. Barclays PLC restated a “buy” rating and set a $55.00 price target on shares of Southern Company (The) in a report on Monday, May 15th. Citigroup Inc. boosted their price target on shares of Southern Company (The) from $42.00 to $43.00 and gave the stock a “sell” rating in a report on Wednesday, July 26th. Finally, Morgan Stanley set a $50.00 price target on shares of Southern Company (The) and gave the stock a “sell” rating in a report on Thursday, August 10th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $49.06.

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In other news, EVP Christopher C. Womack sold 75,144 shares of Southern Company (The) stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 85,298 shares in the company, valued at $4,204,338.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ann P. Daiss sold 5,000 shares of Southern Company (The) stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $51.28, for a total transaction of $256,400.00. Following the completion of the sale, the insider now owns 7,394 shares of the company’s stock, valued at $379,164.32. The disclosure for this sale can be found here. Insiders sold 152,084 shares of company stock valued at $7,665,158 over the last quarter. Company insiders own 1.00% of the company’s stock.

Southern Company (The) 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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