Southern Co (NYSE:SO) Shares Bought by Whittier Trust Co.

Whittier Trust Co. increased its stake in shares of Southern Co (NYSE:SO) by 99.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,714 shares of the utilities provider’s stock after acquiring an additional 1,856 shares during the quarter. Whittier Trust Co.’s holdings in Southern were worth $168,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Sciencast Management LP grew its holdings in Southern by 34.0% during the first quarter. Sciencast Management LP now owns 13,412 shares of the utilities provider’s stock valued at $615,000 after purchasing an additional 3,400 shares during the period. Summit Trail Advisors LLC grew its holdings in Southern by 2,614.7% during the first quarter. Summit Trail Advisors LLC now owns 226,789 shares of the utilities provider’s stock valued at $227,000 after purchasing an additional 218,435 shares during the period. Nisa Investment Advisors LLC grew its holdings in Southern by 5.4% during the second quarter. Nisa Investment Advisors LLC now owns 186,418 shares of the utilities provider’s stock valued at $8,634,000 after purchasing an additional 9,525 shares during the period. Macquarie Group Ltd. grew its holdings in Southern by 18.2% during the fourth quarter. Macquarie Group Ltd. now owns 366,026 shares of the utilities provider’s stock valued at $4,097,000 after purchasing an additional 56,426 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. grew its holdings in Southern by 12.3% during the second quarter. Tokio Marine Asset Management Co. Ltd. now owns 20,092 shares of the utilities provider’s stock valued at $930,000 after purchasing an additional 2,196 shares during the period. Institutional investors and hedge funds own 57.00% of the company’s stock.

Shares of NYSE:SO traded down $0.68 during mid-day trading on Friday, reaching $46.13. The stock had a trading volume of 6,839,971 shares, compared to its average volume of 4,581,545. Southern Co has a 1 year low of $42.38 and a 1 year high of $53.51. The company has a current ratio of 0.81, a quick ratio of 0.55 and a debt-to-equity ratio of 1.59. The company has a market capitalization of $47.47 billion, a P/E ratio of 14.14, a P/E/G ratio of 3.53 and a beta of 0.04.

Southern (NYSE:SO) last issued its quarterly earnings data on Wednesday, August 8th. The utilities provider reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.11. Southern had a return on equity of 13.06% and a net margin of 9.96%. The business had revenue of $5.63 billion for the quarter, compared to the consensus estimate of $5.28 billion. During the same period in the prior year, the business posted $0.73 earnings per share. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. research analysts forecast that Southern Co will post 2.97 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 6th. Shareholders of record on Monday, August 20th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, August 17th. This represents a $2.40 dividend on an annualized basis and a yield of 5.20%. Southern’s dividend payout ratio (DPR) is presently 79.47%.

Several analysts have issued reports on SO shares. Zacks Investment Research raised Southern from a “sell” rating to a “hold” rating in a report on Tuesday, April 24th. Morgan Stanley upped their price objective on Southern from $44.00 to $45.00 and gave the stock an “underweight” rating in a research note on Monday, April 16th. Credit Suisse Group upped their price objective on Southern to $45.00 and gave the stock a “neutral” rating in a research note on Monday, May 7th. ValuEngine lowered Southern from a “hold” rating to a “sell” rating in a research note on Tuesday, May 8th. Finally, Citigroup raised Southern from a “sell” rating to a “neutral” rating and set a $44.00 price objective for the company in a research note on Friday, June 22nd. Eight equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $47.97.

Southern Profile

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

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Institutional Ownership by Quarter for Southern (NYSE:SO)

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