Two Sigma Securities LLC Acquires Shares of 16,913 Southern Company (The) (SO)

Two Sigma Securities LLC acquired a new stake in Southern Company (The) (NYSE:SO) during the first quarter, Holdings Channel reports. The firm acquired 16,913 shares of the utilities provider’s stock, valued at approximately $842,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Orrstown Financial Services Inc. raised its position in Southern Company (The) by 10.8% in the first quarter. Orrstown Financial Services Inc. now owns 2,050 shares of the utilities provider’s stock valued at $102,000 after buying an additional 200 shares during the period. Symmetry Partners LLC acquired a new position in Southern Company (The) during the first quarter valued at approximately $103,000. Feltz Wealth PLAN Inc. acquired a new position in Southern Company (The) during the first quarter valued at approximately $108,000. Stuart Chaussee & Associates Inc. raised its position in Southern Company (The) by 358.8% in the first quarter. Stuart Chaussee & Associates Inc. now owns 2,225 shares of the utilities provider’s stock valued at $111,000 after buying an additional 1,740 shares during the period. Finally, AlphaMark Advisors LLC raised its position in Southern Company (The) by 115.7% in the first quarter. AlphaMark Advisors LLC now owns 2,349 shares of the utilities provider’s stock valued at $117,000 after buying an additional 1,260 shares during the period. 53.57% of the stock is owned by institutional investors.

Southern Company (NYSE SO) traded down 0.37% during mid-day trading on Thursday, hitting $48.67. 712,852 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $48.21 and a 200 day moving average of $49.47. The stock has a market capitalization of $48.64 billion, a P/E ratio of 80.05 and a beta of 0.12. Southern Company has a 52 week low of $46.20 and a 52 week high of $53.73.

Southern Company (The) (NYSE:SO) last issued its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.02. The business had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $5.23 billion. Southern Company (The) had a net margin of 2.93% and a return on equity of 11.30%. The firm’s quarterly revenue was up 21.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.74 EPS. Equities analysts forecast that Southern Company will post $2.95 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 6th. Investors of record on Monday, August 21st will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Thursday, August 17th. This represents a $2.32 annualized dividend and a yield of 4.75%. Southern Company (The)’s dividend payout ratio (DPR) is 346.27%.

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Several research analysts have recently commented on the stock. Credit Suisse Group raised shares of Southern Company (The) from an “underperform” rating to a “neutral” rating in a report on Thursday, August 3rd. BidaskClub raised shares of Southern Company (The) from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $53.00 price target on shares of Southern Company (The) in a report on Monday, July 31st. J P Morgan Chase & Co assumed coverage on shares of Southern Company (The) in a report on Tuesday. They issued an “overweight” rating and a $16.78 price target for the company. Finally, Deutsche Bank AG raised shares of Southern Company (The) from a “hold” rating to a “buy” rating and lifted their price target for the company from $50.00 to $52.00 in a report on Tuesday, August 1st. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $48.87.

In related news, insider Art P. Beattie sold 46,940 shares of the company’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $51.50, for a total transaction of $2,417,410.00. Following the transaction, the insider now owns 59,493 shares in the company, valued at approximately $3,063,889.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Ann P. Daiss sold 5,000 shares of the company’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $51.28, for a total transaction of $256,400.00. Following the transaction, the insider now owns 7,394 shares in the company, valued at approximately $379,164.32. The disclosure for this sale can be found here. In the last quarter, insiders have sold 152,084 shares of company stock worth $7,665,158. 1.00% of the stock is owned by corporate insiders.

About Southern Company (The)

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.

Want to see what other hedge funds are holding SO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Southern Company (The) (NYSE:SO).

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

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