The Southern Co. (SO) Shares Bought by Analytic Investors LLC

The Southern Co. (SO) Shares Bought by Analytic Investors LLC

Analytic Investors LLC boosted its position in Southern Co. (NYSE:SO) by 7.7% during the third quarter, Holdings Channel reports. The fund owned 2,044,960 shares of the company’s stock after buying an additional 146,291 shares during the period. Southern comprises approximately 1.2% of Analytic Investors LLC’s investment portfolio, making the stock its 20th largest position. Analytic Investors LLC’s holdings in Southern were worth $104,906,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. World Asset Management Inc increased its stake in shares of Southern by 3.5% in the second quarter. World Asset Management Inc now owns 96,154 shares of the company’s stock valued at $5,157,000 after buying an additional 3,246 shares during the period. National Pension Service increased its stake in shares of Southern by 8.8% in the third quarter. National Pension Service now owns 585,911 shares of the company’s stock valued at $30,057,000 after buying an additional 47,146 shares during the period. Huntington National Bank increased its stake in shares of Southern by 167.6% in the second quarter. Huntington National Bank now owns 255,875 shares of the company’s stock valued at $13,723,000 after buying an additional 160,243 shares during the period. UBS Asset Management Americas Inc. increased its stake in shares of Southern by 3.5% in the third quarter. UBS Asset Management Americas Inc. now owns 4,069,783 shares of the company’s stock valued at $208,780,000 after buying an additional 139,492 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Southern by 0.5% in the second quarter. Bank of New York Mellon Corp now owns 10,577,864 shares of the company’s stock valued at $567,291,000 after buying an additional 57,511 shares during the period. 50.43% of the stock is currently owned by institutional investors.

Shares of Southern Co. (NYSE:SO) opened at 49.62 on Thursday. The stock has a market cap of $48.63 billion, a PE ratio of 18.63 and a beta of 0.04. The company’s 50-day moving average price is $48.52 and its 200-day moving average price is $50.74. Southern Co. has a one year low of $46.20 and a one year high of $54.64.

Southern (NYSE:SO) last posted its quarterly earnings results on Monday, October 31st. The company reported $1.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.17 by $0.11. Southern had a return on equity of 12.69% and a net margin of 14.14%. The firm earned $6.26 billion during the quarter, compared to analysts’ expectations of $3.41 billion. During the same quarter in the previous year, the business earned $1.17 earnings per share. The company’s revenue was up 16.0% on a year-over-year basis. Equities research analysts anticipate that Southern Co. will post $2.90 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 6th. Stockholders of record on Tuesday, February 21st will be paid a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 4.51%. The ex-dividend date of this dividend is Thursday, February 16th. Southern’s dividend payout ratio is currently 83.27%.

A number of brokerages have issued reports on SO. Zacks Investment Research upgraded Southern from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research note on Tuesday, September 27th. RBC Capital Markets restated a “hold” rating and issued a $54.00 price objective on shares of Southern in a research note on Wednesday, January 4th. SunTrust Banks, Inc. upped their price objective on Southern from $52.00 to $54.00 and gave the company a “neutral” rating in a research note on Monday, September 26th. Finally, Citigroup Inc. began coverage on Southern in a research note on Thursday, December 15th. They issued a “sell” rating and a $44.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $52.88.

In other news, CEO William P. Bowers sold 70,680 shares of the business’s stock in a transaction on Monday, January 9th. The stock was sold at an average price of $48.88, for a total value of $3,454,838.40. Following the completion of the transaction, the chief executive officer now owns 122,669 shares in the company, valued at $5,996,060.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is owned by insiders.

Southern Company Profile

The Southern Company (Southern Company) is a holding company. The Company owns all of the stock of the traditional operating companies and Southern Power Company (Southern Power), and owns other direct and indirect subsidiaries. Southern Company’s segments include the sale of electricity by four traditional operating companies, Southern Power 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 Co. (NYSE:SO).

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