Rothschild Asset Management Inc. Grows Position in Southern Company (The) (SO)

Rothschild Asset Management Inc. increased its stake in shares of Southern Company (The) (NYSE:SO) by 4.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,765 shares of the utilities provider’s stock after buying an additional 668 shares during the quarter. Rothschild Asset Management Inc.’s holdings in Southern Company (The) were worth $755,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Symmetry Partners LLC purchased a new position in shares of Southern Company (The) during the first quarter worth about $103,000. Stuart Chaussee & Associates Inc. lifted 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 purchasing an additional 1,740 shares during the period. IHT Wealth Management LLC lifted its position in Southern Company (The) by 15.3% in the first quarter. IHT Wealth Management LLC now owns 2,281 shares of the utilities provider’s stock valued at $115,000 after purchasing an additional 302 shares during the period. AlphaMark Advisors LLC lifted 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 purchasing an additional 1,260 shares during the period. Finally, Ruggie Capital Group lifted its position in Southern Company (The) by 228.0% in the first quarter. Ruggie Capital Group now owns 2,578 shares of the utilities provider’s stock valued at $128,000 after purchasing an additional 1,792 shares during the period. 53.27% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Southern Company (NYSE:SO) opened at 49.56 on Wednesday. The firm has a market capitalization of $49.53 billion, a P/E ratio of 81.51 and a beta of 0.13. Southern Company has a 52-week low of $46.20 and a 52-week high of $53.73. The stock’s 50 day moving average is $48.55 and its 200-day moving average is $49.47.

Southern Company (The) (NYSE:SO) last posted its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.02. The business had revenue of $5.43 billion during the quarter, compared to analysts’ expectations of $5.23 billion. Southern Company (The) had a net margin of 2.93% and a return on equity of 11.30%. The business’s revenue was up 21.7% on a year-over-year basis. During the same period last year, the firm posted $0.74 earnings per share. On average, equities analysts forecast that Southern Company will post $2.94 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 6th. Stockholders of record on Monday, August 21st were issued a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 4.68%. The ex-dividend date of this dividend was Thursday, August 17th. Southern Company (The)’s dividend payout ratio (DPR) is presently 346.27%.

In other news, EVP Christopher C. Womack sold 75,144 shares of the stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $49.29, for a total value of $3,703,847.76. Following the completion of the transaction, the executive vice president now directly owns 85,298 shares in the company, valued at $4,204,338.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.74% of the company’s stock.

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A number of brokerages recently commented on SO. Jefferies Group LLC restated a “buy” rating and issued a $56.00 price objective (up previously from $55.00) on shares of Southern Company (The) in a research report on Tuesday. Zacks Investment Research downgraded shares of Southern Company (The) from a “hold” rating to a “sell” rating in a research report on Monday. Mizuho upgraded shares of Southern Company (The) from a “neutral” rating to a “buy” rating and set a $53.00 price objective for the company in a research report on Tuesday, September 5th. KeyCorp restated a “hold” rating on shares of Southern Company (The) in a research report on Friday, September 1st. Finally, BidaskClub upgraded shares of Southern Company (The) from a “sell” rating to a “hold” rating in a research report on Tuesday, August 22nd. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. Southern Company (The) currently has an average rating of “Hold” and an average price target of $49.14.

Southern Company (The) Company Profile

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.

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

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