Simmons Bank Grows Holdings in Southern Company (The) (SO)

Simmons Bank grew its holdings in Southern Company (The) (NYSE:SO) by 0.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,847 shares of the utilities provider’s stock after purchasing an additional 562 shares during the quarter. Simmons Bank’s holdings in Southern Company (The) were worth $3,201,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Captrust Financial Advisors purchased a new position in Southern Company (The) in the 2nd quarter worth approximately $854,000. Fiera Capital Corp raised its position in shares of Southern Company (The) by 4.3% during the 2nd quarter. Fiera Capital Corp now owns 34,294 shares of the utilities provider’s stock valued at $1,642,000 after buying an additional 1,399 shares during the period. Jackson Grant Investment Advisers Inc. raised its position in shares of Southern Company (The) by 1.2% during the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 3,317 shares of the utilities provider’s stock valued at $159,000 after buying an additional 38 shares during the period. Pathstone Family Office LLC purchased a new stake in shares of Southern Company (The) during the 1st quarter valued at approximately $170,000. Finally, Epoch Investment Partners Inc. raised its position in shares of Southern Company (The) by 5.0% during the 1st quarter. Epoch Investment Partners Inc. now owns 3,249,597 shares of the utilities provider’s stock valued at $161,765,000 after buying an additional 154,093 shares during the period. 52.88% of the stock is currently owned by institutional investors and hedge funds.

Shares of Southern Company (SO) opened at $51.82 on Tuesday. Southern Company has a 1-year low of $46.20 and a 1-year 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. The firm has a market cap of $51,546.34, a P/E ratio of 18.68, a P/E/G ratio of 4.64 and a beta of 0.15.

Southern Company (The) (NYSE:SO) last posted its earnings results on Wednesday, November 1st. The utilities provider reported $1.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.04. The firm 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% on a year-over-year basis. During the same quarter last year, the firm earned $1.27 EPS. equities analysts expect that Southern Company will post 2.95 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 6th. Shareholders of record on Monday, November 20th will be paid a $0.58 dividend. The ex-dividend date is Friday, November 17th. This represents a $2.32 annualized dividend and a dividend yield of 4.48%. Southern Company (The)’s dividend payout ratio (DPR) is 414.29%.

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In other Southern Company (The) news, insider Ann P. Daiss sold 5,080 shares of the business’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 in the company, valued at $398,214.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO William P. Bowers sold 85,151 shares of the business’s stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $50.00, for a total transaction of $4,257,550.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 213,813 shares of company stock valued at $11,029,988. Insiders own 0.74% of the company’s stock.

SO has been the topic of several analyst reports. Jefferies Group LLC reaffirmed a “buy” rating and set a $55.00 price target on shares of Southern Company (The) in a research report on Wednesday, July 19th. Barclays PLC reaffirmed a “buy” rating and set a $54.00 price target on shares of Southern Company (The) in a research report on Tuesday, July 25th. Deutsche Bank AG raised shares of Southern Company (The) from a “hold” rating to a “buy” rating and lifted their price target for the company from $50.00 to $52.00 in a research report on Tuesday, August 1st. Mizuho raised shares of Southern Company (The) from a “neutral” rating to a “buy” rating and set a $53.00 price target on the stock in a research report on Tuesday, September 5th. Finally, Guggenheim raised shares of Southern Company (The) from a “neutral” rating to a “buy” rating and lifted their price target for the company from $49.00 to $56.00 in a research report on Thursday, September 14th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $49.72.

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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