Thrivent Financial For Lutherans reduced its position in shares of Southern Company (The) (NYSE:SO) by 85.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 43,202 shares of the utilities provider’s stock after selling 251,672 shares during the period. Thrivent Financial For Lutherans’ holdings in Southern Company (The) were worth $2,066,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Profund Advisors LLC lifted its position in shares of Southern Company (The) by 32.0% during the second quarter. Profund Advisors LLC now owns 104,321 shares of the utilities provider’s stock valued at $4,995,000 after purchasing an additional 25,314 shares in the last quarter. Amalgamated Bank lifted its position in shares of Southern Company (The) by 61.3% during the second quarter. Amalgamated Bank now owns 112,291 shares of the utilities provider’s stock valued at $5,376,000 after purchasing an additional 42,672 shares in the last quarter. Bruderman Asset Management LLC lifted its position in shares of Southern Company (The) by 4.2% during the second quarter. Bruderman Asset Management LLC now owns 294,841 shares of the utilities provider’s stock valued at $14,117,000 after purchasing an additional 11,995 shares in the last quarter. Bahl & Gaynor Inc. lifted its position in shares of Southern Company (The) by 34.5% during the second quarter. Bahl & Gaynor Inc. now owns 50,849 shares of the utilities provider’s stock valued at $2,501,000 after purchasing an additional 13,055 shares in the last quarter. Finally, TCI Wealth Advisors Inc. lifted its position in shares of Southern Company (The) by 9.8% during the second quarter. TCI Wealth Advisors Inc. now owns 5,211 shares of the utilities provider’s stock valued at $250,000 after purchasing an additional 466 shares in the last quarter. 53.14% of the stock is currently owned by institutional investors.

Southern Company (NYSE:SO) opened at 52.09 on Tuesday. The stock has a 50 day moving average of $50.31 and a 200 day moving average of $49.52. Southern Company has a 1-year low of $46.20 and a 1-year high of $52.59. The stock has a market cap of $52.06 billion, a P/E ratio of 85.67 and a beta of 0.13.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Monday, November 20th will be paid a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 4.45%. The ex-dividend date is Friday, November 17th. Southern Company (The)’s dividend payout ratio (DPR) is presently 346.27%.

SO has been the subject of a number of research analyst reports. Guggenheim upgraded shares of Southern Company (The) from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $49.00 to $56.00 in a report on Thursday, September 14th. Citigroup Inc. restated a “sell” rating and set a $44.00 price objective (up previously from $43.00) on shares of Southern Company (The) in a report on Tuesday, October 3rd. Zacks Investment Research downgraded shares of Southern Company (The) from a “buy” rating to a “hold” rating in a report on Friday, October 13th. BidaskClub upgraded shares of Southern Company (The) from a “strong sell” rating to a “sell” rating in a report on Monday, July 24th. Finally, Jefferies Group LLC restated a “buy” rating and set a $55.00 price objective on shares of Southern Company (The) in a report on Wednesday, July 19th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $49.72.

In other news, CEO William P. Bowers sold 85,151 shares of the stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $50.00, for a total value of $4,257,550.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Ann P. Daiss sold 5,000 shares of the stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $52.28, for a total transaction of $261,400.00. Following the completion of the transaction, the insider now owns 7,394 shares in the company, valued at approximately $386,558.32. The disclosure for this sale can be found here. Insiders sold a total of 237,236 shares of company stock worth $11,991,200 in the last quarter. Company insiders own 0.74% of the company’s stock.

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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.

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

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