Green Square Capital LLC Has $1.14 Million Position in Southern Company (The) (SO)

Green Square Capital LLC boosted its holdings in Southern Company (The) (NYSE:SO) by 15.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,733 shares of the utilities provider’s stock after buying an additional 3,148 shares during the period. Green Square Capital LLC’s holdings in Southern Company (The) were worth $1,136,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in SO. Tiedemann Wealth Management LLC bought a new stake in Southern Company (The) in the first quarter valued at approximately $497,000. Morgan Dempsey Capital Management LLC increased its stake in Southern Company (The) by 17.9% in the first quarter. Morgan Dempsey Capital Management LLC now owns 76,418 shares of the utilities provider’s stock valued at $3,804,000 after purchasing an additional 11,613 shares in the last quarter. Clifford Swan Investment Counsel LLC increased its stake in Southern Company (The) by 13.9% in the first quarter. Clifford Swan Investment Counsel LLC now owns 13,325 shares of the utilities provider’s stock valued at $663,000 after purchasing an additional 1,628 shares in the last quarter. Penserra Capital Management LLC increased its stake in Southern Company (The) by 200.0% in the first quarter. Penserra Capital Management LLC now owns 4,620 shares of the utilities provider’s stock valued at $229,000 after purchasing an additional 3,080 shares in the last quarter. Finally, Dean Investment Associates LLC increased its stake in Southern Company (The) by 67.3% in the first quarter. Dean Investment Associates LLC now owns 39,307 shares of the utilities provider’s stock valued at $1,957,000 after purchasing an additional 15,806 shares in the last quarter. Institutional investors and hedge funds own 52.88% of the company’s stock.

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In related news, insider Ann P. Daiss sold 5,080 shares of the firm’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $53.28, for a total value of $270,662.40. Following the completion of the transaction, the insider now owns 7,474 shares of the company’s stock, valued at $398,214.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP James Y. Kerr II sold 25,000 shares of the firm’s stock in a transaction on 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 completion of the transaction, the vice president now directly owns 26,000 shares of the company’s stock, valued at approximately $1,356,160. The disclosure for this sale can be found here. In the last ninety days, insiders sold 213,813 shares of company stock valued at $11,029,988. 0.74% of the stock is owned by insiders.

Southern Company (NYSE SO) opened at $51.36 on Monday. The firm has a market cap of $51,550.00, a price-to-earnings ratio of 18.68, a P/E/G ratio of 4.64 and a beta of 0.15. Southern Company has a 12-month low of $46.20 and a 12-month high of $53.51. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.73 and a quick ratio of 0.57.

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

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

Several equities research analysts have commented on SO shares. Guggenheim raised shares of Southern Company (The) from a “neutral” rating to a “buy” rating and upped their target price for the company from $49.00 to $56.00 in a research note on Thursday, September 14th. Citigroup Inc. reaffirmed a “sell” rating and issued a $44.00 target price (up previously from $43.00) on shares of Southern Company (The) in a research note on Tuesday, October 3rd. Zacks Investment Research downgraded 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 reaffirmed a “buy” rating and issued a $55.00 target price 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. Southern Company (The) has an average rating of “Hold” and a consensus price target of $49.72.

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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