The Southern Company (NYSE:SO) CEO Sells $535,509.00 in Stock

The Southern Company (NYSE:SOGet Free Report) CEO Anthony L. Wilson sold 6,900 shares of Southern stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $77.61, for a total transaction of $535,509.00. Following the completion of the transaction, the chief executive officer now directly owns 85,309 shares in the company, valued at $6,620,831.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Southern Stock Up 0.4 %

Shares of Southern stock opened at $78.42 on Thursday. The Southern Company has a 12-month low of $61.56 and a 12-month high of $80.84. The company has a quick ratio of 0.65, a current ratio of 0.92 and a debt-to-equity ratio of 1.67. The stock has a 50 day moving average price of $78.23 and a two-hundred day moving average price of $72.67. The stock has a market capitalization of $85.74 billion, a P/E ratio of 20.26, a PEG ratio of 2.80 and a beta of 0.51.

Southern (NYSE:SOGet Free Report) last posted its earnings results on Thursday, May 2nd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.13. The business had revenue of $6.65 billion for the quarter, compared to analyst estimates of $6.59 billion. Southern had a net margin of 16.74% and a return on equity of 12.07%. Southern’s revenue was up 2.6% compared to the same quarter last year. During the same period last year, the business posted $0.79 EPS. Equities analysts expect that The Southern Company will post 4 earnings per share for the current year.

Southern Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 6th. Investors of record on Monday, May 20th were paid a dividend of $0.72 per share. This is an increase from Southern’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Friday, May 17th. This represents a $2.88 annualized dividend and a yield of 3.67%. Southern’s dividend payout ratio is presently 74.42%.

Analyst Ratings Changes

SO has been the topic of several recent analyst reports. Barclays boosted their target price on shares of Southern from $66.00 to $71.00 and gave the company an “equal weight” rating in a research note on Tuesday. BMO Capital Markets reissued an “outperform” rating and issued a $76.00 price objective (up from $72.00) on shares of Southern in a research note on Monday, April 1st. Mizuho upped their target price on Southern from $73.00 to $76.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. Wells Fargo & Company raised their price target on shares of Southern from $72.00 to $77.00 and gave the stock an “equal weight” rating in a report on Friday, May 3rd. Finally, Scotiabank cut their target price on shares of Southern from $80.00 to $77.00 and set a “sector outperform” rating for the company in a research report on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Southern presently has a consensus rating of “Hold” and an average target price of $76.50.

View Our Latest Report on Southern

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Versant Capital Management Inc raised its stake in Southern by 31.8% during the 2nd quarter. Versant Capital Management Inc now owns 585 shares of the utilities provider’s stock valued at $45,000 after purchasing an additional 141 shares during the last quarter. Cornell Pochily Investment Advisors Inc. grew its position in Southern by 0.9% during the first quarter. Cornell Pochily Investment Advisors Inc. now owns 16,141 shares of the utilities provider’s stock worth $1,158,000 after buying an additional 144 shares in the last quarter. Good Life Advisors LLC increased its stake in Southern by 0.8% during the fourth quarter. Good Life Advisors LLC now owns 19,956 shares of the utilities provider’s stock valued at $1,399,000 after acquiring an additional 149 shares during the period. Insight Inv LLC raised its holdings in Southern by 1.4% in the 4th quarter. Insight Inv LLC now owns 10,530 shares of the utilities provider’s stock valued at $738,000 after acquiring an additional 150 shares in the last quarter. Finally, Patten & Patten Inc. TN grew its holdings in shares of Southern by 0.7% during the 4th quarter. Patten & Patten Inc. TN now owns 20,736 shares of the utilities provider’s stock worth $1,454,000 after purchasing an additional 150 shares in the last quarter. 64.10% of the stock is currently owned by institutional investors and hedge funds.

Southern Company Profile

(Get Free Report)

The Southern Company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity. The company also develops, constructs, acquires, owns, and manages power generation assets, including renewable energy projects and sells electricity in the wholesale market; and distributes natural gas in Illinois, Georgia, Virginia, and Tennessee, as well as provides gas marketing services, gas distribution operations, and gas pipeline investments operations.

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Insider Buying and Selling by Quarter for Southern (NYSE:SO)

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