Winfield Associates Inc. Has $105,000 Stake in Southern Company (The) (SO)

Winfield Associates Inc. reduced its stake in shares of Southern Company (The) (NYSE:SO) by 8.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,200 shares of the utilities provider’s stock after selling 200 shares during the period. Winfield Associates Inc.’s holdings in Southern Company (The) were worth $105,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Symmetry Partners LLC purchased a new position in shares of Southern Company (The) during the 1st quarter valued at about $103,000. Stuart Chaussee & Associates Inc. lifted its position 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 valued at $111,000 after buying an additional 1,740 shares in the last quarter. IHT Wealth Management LLC lifted its position 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 valued at $115,000 after buying an additional 302 shares in the last quarter. AlphaMark Advisors LLC lifted its position 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 valued at $117,000 after buying an additional 1,260 shares in the last quarter. Finally, Ruggie Capital Group lifted its position 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 valued at $128,000 after buying an additional 1,792 shares in the last quarter. 53.27% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of Southern Company (NYSE SO) opened at 50.61 on Tuesday. Southern Company has a 52 week low of $46.20 and a 52 week high of $53.73. The company has a market cap of $50.58 billion, a P/E ratio of 83.24 and a beta of 0.13. The company’s 50-day moving average price is $48.49 and its 200 day moving average price is $49.46.

Southern Company (The) (NYSE:SO) last issued its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.02. The company had revenue of $5.43 billion for the quarter, compared to the consensus estimate 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 revenue for the quarter was up 21.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.74 earnings per share. Equities research analysts anticipate that Southern Company will post $2.94 earnings per share for the current fiscal year.

The firm 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. The ex-dividend date of this dividend was Thursday, August 17th. This represents a $2.32 dividend on an annualized basis and a yield of 4.58%. Southern Company (The)’s dividend payout ratio is currently 346.27%.

A number of research analysts have recently weighed in on SO shares. BidaskClub raised Southern Company (The) from a “strong sell” rating to a “sell” rating in a research report on Monday, July 24th. Jefferies Group LLC reaffirmed a “buy” rating and set a $55.00 price objective on shares of Southern Company (The) in a research report on Monday, May 15th. Mizuho raised Southern Company (The) from a “neutral” rating to a “buy” rating and set a $53.00 price objective on the stock in a research report on Tuesday, September 5th. Royal Bank Of Canada lowered their price objective on Southern Company (The) from $54.00 to $53.00 and set a “sector perform” rating on the stock in a research report on Wednesday, June 28th. Finally, Zacks Investment Research cut Southern Company (The) from a “hold” rating to a “sell” rating in a research report on Monday. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. Southern Company (The) presently has a consensus rating of “Hold” and a consensus target price of $49.06.

In other Southern Company (The) news, EVP Christopher C. Womack sold 75,144 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president now 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 the SEC website. Also, insider Art P. Beattie sold 46,940 shares of the stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $51.50, for a total value of $2,417,410.00. Following the transaction, the insider now owns 59,493 shares in the company, valued at approximately $3,063,889.50. The disclosure for this sale can be found here. Insiders have sold 147,084 shares of company stock worth $7,408,758 in the last quarter. 0.74% of the stock is currently owned by company insiders.

About Southern Company (The)

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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