5,742 Shares in Southern Company (The) $SO Acquired by Requisite Capital Management LLC

Requisite Capital Management LLC purchased a new stake in Southern Company (The) (NYSE:SO) in the 2nd quarter, Holdings Channel.com reports. The fund purchased 5,742 shares of the utilities provider’s stock, valued at approximately $550,000.

Other large investors also recently made changes to their positions in the company. Evergreen Advisors LLC purchased a new stake in shares of Southern in the first quarter valued at $25,000. Scarborough Advisors LLC acquired a new position in Southern in the first quarter valued at $25,000. Ankerstar Wealth LLC purchased a new position in Southern during the fourth quarter worth about $25,000. Cornerstone Financial Management LLC acquired a new stake in Southern in the 4th quarter worth about $27,000. Finally, J.Safra Asset Management Corp acquired a new stake in Southern in the 4th quarter worth about $27,000. Hedge funds and other institutional investors own 64.10% of the company’s stock.

Analysts Set New Price Targets

SO has been the subject of a number of research analyst reports. Raymond James Financial reaffirmed an “outperform” rating and set a $104.00 price objective on shares of Southern in a research note on Friday, May 1st. Weiss Ratings restated a “buy (b)” rating on shares of Southern in a report on Wednesday, July 29th. BMO Capital Markets upped their price target on shares of Southern from $102.00 to $104.00 and gave the stock an “outperform” rating in a research report on Monday, July 27th. Wall Street Zen downgraded shares of Southern from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. Finally, Mizuho set a $106.00 price objective on shares of Southern in a research note on Friday, July 31st. Seven research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $100.09.

Southern Stock Performance

NYSE SO opened at $92.42 on Tuesday. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.79 and a quick ratio of 0.59. Southern Company has a 1-year low of $83.80 and a 1-year high of $100.83. The firm has a market capitalization of $106.32 billion, a P/E ratio of 22.16, a P/E/G ratio of 1.78 and a beta of 0.34. The business’s 50-day simple moving average is $94.71 and its 200-day simple moving average is $94.37.

Southern (NYSE:SO) last posted its earnings results on Wednesday, July 29th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.12. The firm had revenue of $6.98 billion during the quarter, compared to the consensus estimate of $7.23 billion. Southern had a net margin of 15.43% and a return on equity of 12.93%. The company’s revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.79 EPS. Equities analysts predict that Southern Company will post 4.58 EPS for the current year.

Southern Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 17th will be issued a dividend of $0.76 per share. The ex-dividend date is Monday, August 17th. This represents a $3.04 annualized dividend and a dividend yield of 3.3%. Southern’s payout ratio is presently 72.90%.

About Southern

Southern Company (NYSE: SO) is an Atlanta-based energy holding company that provides electric and gas utility services and owns power generation assets across the United States. Founded in 1945, the company operates a portfolio of regulated electric utilities and affiliated businesses that generate, transmit and distribute electricity to residential, commercial and industrial customers.

Southern’s principal regulated electric subsidiaries include Georgia Power, Alabama Power and Mississippi Power, which serve large portions of the southeastern United States.