Southern Co (NYSE:SO) – Research analysts at KeyCorp issued their Q1 2018 earnings estimates for Southern in a report issued on Wednesday. KeyCorp analyst P. Ridzon expects that the utilities provider will post earnings per share of $0.85 for the quarter.
Southern (NYSE:SO) last announced its earnings results on Wednesday, February 21st. The utilities provider reported $0.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.05. Southern had a net margin of 3.82% and a return on equity of 11.96%. The firm had revenue of $5.63 billion for the quarter, compared to analyst estimates of $5.17 billion. During the same quarter in the prior year, the business posted $0.24 EPS. The business’s revenue was up 8.6% compared to the same quarter last year.
Southern (NYSE SO) opened at $43.40 on Monday. Southern has a 52-week low of $42.38 and a 52-week high of $53.51. The stock has a market cap of $43,560.00, a P/E ratio of 77.50, a price-to-earnings-growth ratio of 3.33 and a beta of 0.03. The company has a current ratio of 0.74, a quick ratio of 0.59 and a debt-to-equity ratio of 1.84.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 6th. Investors of record on Tuesday, February 20th will be paid a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 5.35%. The ex-dividend date is Friday, February 16th. Southern’s payout ratio is 414.29%.
A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in Southern by 3.3% in the 2nd quarter. Vanguard Group Inc. now owns 71,053,604 shares of the utilities provider’s stock valued at $3,402,047,000 after purchasing an additional 2,295,466 shares during the last quarter. BlackRock Inc. lifted its stake in Southern by 1.3% in the 4th quarter. BlackRock Inc. now owns 62,955,468 shares of the utilities provider’s stock valued at $3,027,527,000 after purchasing an additional 821,503 shares during the last quarter. Capital Research Global Investors raised its stake in shares of Southern by 25.3% during the second quarter. Capital Research Global Investors now owns 14,940,226 shares of the utilities provider’s stock valued at $715,338,000 after acquiring an additional 3,015,226 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Southern by 3.5% during the fourth quarter. Wells Fargo & Company MN now owns 10,933,765 shares of the utilities provider’s stock valued at $525,805,000 after acquiring an additional 370,302 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Southern by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 10,321,563 shares of the utilities provider’s stock valued at $495,300,000 after acquiring an additional 342,203 shares during the last quarter. 53.87% of the stock is owned by institutional investors and hedge funds.
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Southern 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.
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