Southern Company (The) (SO) Shares Sold by FTB Advisors Inc.

FTB Advisors Inc. trimmed its stake in shares of Southern Company (The) (NYSE:SO) by 19.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,378 shares of the utilities provider’s stock after selling 2,773 shares during the period. FTB Advisors Inc.’s holdings in Southern Company (The) were worth $547,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Colonial Trust Advisors grew its stake in Southern Company (The) by 34.7% during the second quarter. Colonial Trust Advisors now owns 10,154 shares of the utilities provider’s stock valued at $486,000 after acquiring an additional 2,616 shares in the last quarter. Janus Henderson Group PLC grew its stake in Southern Company (The) by 3,580.1% during the second quarter. Janus Henderson Group PLC now owns 4,673,498 shares of the utilities provider’s stock valued at $223,766,000 after acquiring an additional 4,546,503 shares in the last quarter. Cambria Investment Management L.P. purchased a new position in Southern Company (The) during the second quarter valued at $1,853,000. Flinton Capital Management LLC grew its stake in shares of Southern Company (The) by 11.4% in the 2nd quarter. Flinton Capital Management LLC now owns 364,720 shares of the utilities provider’s stock worth $17,463,000 after buying an additional 37,440 shares in the last quarter. Finally, Capital Research Global Investors grew its stake in shares of Southern Company (The) by 25.3% in the 2nd quarter. Capital Research Global Investors now owns 14,940,226 shares of the utilities provider’s stock worth $715,338,000 after buying an additional 3,015,226 shares in the last quarter. 53.08% of the stock is owned by institutional investors.

A number of equities analysts have commented on SO shares. Guggenheim raised shares of Southern Company (The) from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $49.00 to $56.00 in a research note on Thursday, September 14th. Citigroup Inc. reissued a “sell” rating and issued a $44.00 price objective (up from $43.00) on shares of Southern Company (The) in a research note on Tuesday, October 3rd. Zacks Investment Research cut shares of Southern Company (The) from a “buy” rating to a “hold” rating in a research note on Friday, October 13th. BidaskClub raised shares of Southern Company (The) from a “strong sell” rating to a “sell” rating in a research note on Monday, July 24th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $55.00 price objective on shares of Southern Company (The) in a research note on Wednesday, July 19th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $49.72.

Shares of Southern Company (NYSE:SO) opened at $51.36 on Friday. The stock has a market cap of $51,546.34, a PE ratio of 18.68, a PEG ratio of 4.64 and a beta of 0.15. 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 twelve month low of $46.20 and a twelve month high of $53.51.

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

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 6th. Investors of record on Monday, November 20th will be issued a dividend of $0.58 per share. The ex-dividend date is Friday, November 17th. This represents a $2.32 dividend on an annualized basis and a yield of 4.52%. Southern Company (The)’s payout ratio is 414.29%.

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In related news, insider Ann P. Daiss sold 5,000 shares of Southern Company (The) stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $52.28, for a total transaction of $261,400.00. Following the completion of the sale, the insider now owns 7,394 shares in the company, valued at approximately $386,558.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP James Y. Kerr II sold 25,000 shares of Southern Company (The) stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $52.16, for a total transaction of $1,304,000.00. Following the sale, the vice president now owns 26,000 shares of the company’s stock, valued at approximately $1,356,160. The disclosure for this sale can be found here. Insiders have sold a total of 213,813 shares of company stock valued at $11,029,988 in the last quarter. 1.00% of the stock is currently owned by company insiders.

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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