Southern Company (The) (SO) Shares Bought by Nomura Holdings Inc.

Nomura Holdings Inc. grew its position in Southern Company (The) (NYSE:SO) by 91.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 148,521 shares of the utilities provider’s stock after acquiring an additional 70,936 shares during the quarter. Nomura Holdings Inc.’s holdings in Southern Company (The) were worth $7,116,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of SO. Chicago Partners Investment Group LLC acquired a new stake in shares of Southern Company (The) in the second quarter valued at approximately $100,000. Monroe Bank & Trust MI raised its stake in shares of Southern Company (The) by 17.9% during the second quarter. Monroe Bank & Trust MI now owns 2,300 shares of the utilities provider’s stock worth $110,000 after purchasing an additional 350 shares during the last quarter. AlphaMark Advisors LLC raised its stake in shares of Southern Company (The) by 0.6% during the second quarter. AlphaMark Advisors LLC now owns 2,363 shares of the utilities provider’s stock worth $113,000 after purchasing an additional 14 shares during the last quarter. IHT Wealth Management LLC raised its stake in shares of Southern Company (The) by 15.3% during the first quarter. IHT Wealth Management LLC now owns 2,281 shares of the utilities provider’s stock worth $115,000 after purchasing an additional 302 shares during the last quarter. Finally, Ruggie Capital Group raised its stake in shares of Southern Company (The) by 228.0% during the first quarter. Ruggie Capital Group now owns 2,578 shares of the utilities provider’s stock worth $128,000 after purchasing an additional 1,792 shares during the last quarter. 52.88% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have recently commented on the company. J P Morgan Chase & Co assumed coverage on Southern Company (The) in a research note on Tuesday, August 8th. They set an “overweight” rating and a $16.78 price target for the company. SunTrust Banks, Inc. restated a “hold” rating and set a $52.00 price target on shares of Southern Company (The) in a research note on Friday, October 20th. Credit Suisse Group upgraded Southern Company (The) from an “underperform” rating to a “neutral” rating in a research note on Thursday, August 3rd. Bank of America Corporation restated an “underperform” rating and set a $51.00 price target on shares of Southern Company (The) in a research note on Tuesday, October 24th. Finally, Royal Bank Of Canada upgraded Southern Company (The) from a “sector perform” rating to an “outperform” rating and set a $53.00 price target for the company in a research note on Friday, September 29th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $49.72.

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Southern Company (NYSE SO) opened at $51.92 on Thursday. The stock has a market capitalization of $52,110.00, a price-to-earnings ratio of 19.02, a price-to-earnings-growth ratio of 4.73 and a beta of 0.15. 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 has a 52-week low of $46.20 and a 52-week high of $53.51.

Southern Company (The) (NYSE:SO) last released its quarterly earnings data 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. Southern Company (The) had a return on equity of 10.81% and a net margin of 2.59%. The firm had revenue of $6.20 billion during the quarter, compared to analysts’ expectations of $6.16 billion. During the same quarter in the prior year, the business posted $1.27 earnings per share. Southern Company (The)’s revenue was down 1.0% compared to the same quarter last year. equities analysts expect that Southern Company will post 2.95 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders 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 dividend yield of 4.47%. The ex-dividend date is Friday, November 17th. Southern Company (The)’s dividend payout ratio is currently 414.29%.

In other news, CEO William P. Bowers sold 85,151 shares of the firm’s stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $50.00, for a total value of $4,257,550.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Art P. Beattie sold 46,941 shares of the firm’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $52.50, for a total value of $2,464,402.50. Following the completion of the transaction, the insider now owns 59,494 shares of the company’s stock, valued at approximately $3,123,435. 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. Company insiders own 1.00% of the company’s stock.

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.

Institutional Ownership by Quarter for Southern Company (The) (NYSE:SO)

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