Beaumont Financial Partners LLC held its stake in Southern Company (The) (NYSE:SO) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,224 shares of the utilities provider’s stock at the close of the 2nd quarter. Beaumont Financial Partners LLC’s holdings in Southern Company (The) were worth $202,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in SO. BlackRock Inc. grew its holdings in Southern Company (The) by 2,961.9% in the first quarter. BlackRock Inc. now owns 62,067,822 shares of the utilities provider’s stock worth $3,089,736,000 after purchasing an additional 60,040,696 shares during the period. Vanguard Group Inc. grew its holdings in shares of Southern Company (The) by 4.1% during the first quarter. Vanguard Group Inc. now owns 68,758,138 shares of the utilities provider’s stock valued at $3,422,780,000 after buying an additional 2,688,854 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Southern Company (The) by 3.6% during the second quarter. Franklin Resources Inc. now owns 22,379,839 shares of the utilities provider’s stock valued at $1,071,547,000 after buying an additional 770,413 shares during the last quarter. Marshall Wace North America L.P. purchased a new stake in shares of Southern Company (The) during the second quarter valued at approximately $35,701,000. Finally, Geode Capital Management LLC grew its holdings in shares of Southern Company (The) by 8.2% during the first quarter. Geode Capital Management LLC now owns 9,573,271 shares of the utilities provider’s stock valued at $475,877,000 after buying an additional 724,650 shares during the last quarter. Institutional investors and hedge funds own 53.14% of the company’s stock.

In other Southern Company (The) news, CEO William P. Bowers sold 85,151 shares of the business’s stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $50.00, for a total transaction of $4,257,550.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Art P. Beattie sold 46,941 shares of the business’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $52.50, for a total transaction of $2,464,402.50. Following the sale, the insider now directly owns 59,494 shares in the company, valued at approximately $3,123,435. The disclosure for this sale can be found here. In the last three months, insiders have sold 162,092 shares of company stock worth $8,287,353. 1.00% of the stock is owned by insiders.

A number of equities research analysts have recently commented on SO shares. Zacks Investment Research cut shares of Southern Company (The) from a “hold” rating to a “sell” rating in a report on Monday, September 11th. Deutsche Bank AG upgraded shares of Southern Company (The) from a “hold” rating to a “buy” rating and increased their price target for the company from $50.00 to $52.00 in a report on Tuesday, August 1st. Guggenheim upgraded shares of Southern Company (The) from a “neutral” rating to a “buy” rating and increased their price target for the company from $49.00 to $56.00 in a report on Thursday, September 14th. Mizuho upgraded shares of Southern Company (The) from a “neutral” rating to a “buy” rating and set a $53.00 price target on the stock in a report on Tuesday, September 5th. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $53.00 price target on shares of Southern Company (The) in a report on Monday, July 31st. Four research 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 target price of $49.72.

Southern Company (The) (NYSE:SO) last released its earnings results on Wednesday, November 1st. The utilities provider reported $1.12 earnings per share for the quarter, missing the consensus estimate of $1.18 by ($0.06). The company had revenue of $6.20 billion for the quarter, compared to analysts’ expectations of $6.16 billion. Southern Company (The) had a return on equity of 11.30% and a net margin of 2.93%. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.27 EPS.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 6th. Shareholders of record on Monday, November 20th will be given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 4.44%. The ex-dividend date of this dividend is Friday, November 17th. Southern Company (The)’s dividend payout ratio is presently 346.27%.

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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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