10,610 Shares in Southern Company (The) $SO Bought by Bryn Mawr Trust Advisors LLC

Bryn Mawr Trust Advisors LLC purchased a new position in Southern Company (The) (NYSE:SO) in the second quarter, Holdings Channel.com reports. The firm purchased 10,610 shares of the utilities provider’s stock, valued at approximately $1,015,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Norges Bank bought a new position in shares of Southern in the fourth quarter worth about $1,111,450,000. Capital World Investors raised its stake in Southern by 22.6% during the 4th quarter. Capital World Investors now owns 41,142,076 shares of the utilities provider’s stock valued at $3,587,589,000 after purchasing an additional 7,593,224 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Southern by 18.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 34,459,462 shares of the utilities provider’s stock valued at $3,004,866,000 after purchasing an additional 5,436,212 shares during the period. Soroban Capital Partners LP lifted its holdings in Southern by 83.8% in the 2nd quarter. Soroban Capital Partners LP now owns 4,097,422 shares of the utilities provider’s stock worth $376,266,000 after purchasing an additional 1,867,912 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Southern by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 108,057,413 shares of the utilities provider’s stock worth $9,422,606,000 after purchasing an additional 1,643,090 shares in the last quarter. 64.10% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on SO shares. Jefferies Financial Group set a $99.00 price target on Southern in a research note on Monday, June 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of Southern in a report on Wednesday, July 29th. Truist Financial lowered their target price on shares of Southern from $100.00 to $97.00 and set a “hold” rating on the stock in a report on Thursday. Raymond James Financial restated an “outperform” rating and set a $104.00 target price on shares of Southern in a research report on Friday, May 1st. Finally, JPMorgan Chase & Co. raised their target price on shares of Southern from $101.00 to $104.00 and gave the company a “neutral” rating in a research note on Thursday, July 16th. Seven research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $100.09.

Southern Stock Performance

Southern stock opened at $92.83 on Friday. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.79 and a quick ratio of 0.59. The firm has a market capitalization of $106.79 billion, a P/E ratio of 22.26, a price-to-earnings-growth ratio of 1.78 and a beta of 0.34. Southern Company has a 1-year low of $83.80 and a 1-year high of $100.83. The company’s 50-day moving average is $94.69 and its 200 day moving average is $94.31.

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

Southern Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 3.3%. Southern’s payout ratio is presently 72.90%.

Southern Profile

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.