City Holding Co. Has $2.22 Million Holdings in Southern Company (The) (SO)

City Holding Co. raised its stake in Southern Company (The) (NYSE:SO) by 6.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 46,326 shares of the utilities provider’s stock after acquiring an additional 2,999 shares during the quarter. City Holding Co.’s holdings in Southern Company (The) were worth $2,218,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Symmetry Partners LLC acquired a new position in shares of Southern Company (The) during the 1st quarter worth approximately $103,000. Stuart Chaussee & Associates Inc. raised its stake in shares of Southern Company (The) by 358.8% during the 1st 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 during the period. IHT Wealth Management LLC raised its stake in shares of Southern Company (The) by 15.3% during the 1st quarter. IHT Wealth Management LLC now owns 2,281 shares of the utilities provider’s stock worth $115,000 after buying an additional 302 shares during the period. AlphaMark Advisors LLC raised its stake in shares of Southern Company (The) by 115.7% during the 1st 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 during the period. Finally, Ruggie Capital Group raised its stake in shares of Southern Company (The) by 228.0% during the 1st quarter. Ruggie Capital Group now owns 2,578 shares of the utilities provider’s stock worth $128,000 after buying an additional 1,792 shares during the period. 53.27% of the stock is owned by institutional investors.

Shares of Southern Company (NYSE:SO) traded up 0.7126% during mid-day trading on Monday, hitting $50.5577. The company had a trading volume of 2,219,678 shares. The firm has a 50-day moving average price of $48.49 and a 200 day moving average price of $49.46. Southern Company has a 12 month low of $46.20 and a 12 month high of $53.73. The firm has a market capitalization of $50.53 billion, a P/E ratio of 83.1541 and a beta of 0.13.

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

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

Several research analysts have recently weighed in on the company. Zacks Investment Research downgraded Southern Company (The) from a “hold” rating to a “sell” rating in a research note on Monday. Mizuho raised Southern Company (The) from a “neutral” rating to a “buy” rating and set a $53.00 target price for the company in a research note on Tuesday, September 5th. KeyCorp reaffirmed a “hold” rating on shares of Southern Company (The) in a research note on Friday, September 1st. BidaskClub raised Southern Company (The) from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. Finally, Morgan Stanley set a $50.00 target price on Southern Company (The) and gave the stock a “sell” rating in a research note on Thursday, August 10th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $49.06.

In other Southern Company (The) news, CEO Mark Lantrip sold 25,000 shares of the business’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $51.50, for a total transaction of $1,287,500.00. Following the completion of the sale, the chief executive officer now owns 31,080 shares of the company’s stock, valued at $1,600,620. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Christopher C. Womack sold 75,144 shares of the business’s stock in a transaction dated 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 sale, the executive vice president now directly owns 85,298 shares of the company’s stock, valued at approximately $4,204,338.42. The disclosure for this sale can be found here. In the last three months, insiders have sold 147,084 shares of company stock valued at $7,408,758. 0.74% of the stock is owned by company insiders.

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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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