Stonebridge Capital Advisors LLC grew its stake in Southern Company (The) (NYSE:SO) by 22.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,321 shares of the utilities provider’s stock after purchasing an additional 1,158 shares during the period. Stonebridge Capital Advisors LLC’s holdings in Southern were worth $311,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Chicago Partners Investment Group LLC purchased a new stake in Southern in the 2nd quarter worth approximately $100,000. Farmers & Merchants Trust Co of Chambersburg PA purchased a new stake in Southern in the 3rd quarter worth approximately $105,000. Monroe Bank & Trust MI boosted its position in Southern by 17.9% in the 2nd quarter. Monroe Bank & Trust MI now owns 2,300 shares of the utilities provider’s stock worth $110,000 after purchasing an additional 350 shares in the last quarter. AlphaMark Advisors LLC boosted its position in Southern by 0.6% in the 2nd quarter. AlphaMark Advisors LLC now owns 2,363 shares of the utilities provider’s stock worth $113,000 after purchasing an additional 14 shares in the last quarter. Finally, Barnett & Company Inc. lifted its position in shares of Southern by 25.0% during the 2nd quarter. Barnett & Company Inc. now owns 2,725 shares of the utilities provider’s stock valued at $130,000 after buying an additional 545 shares in the last quarter. Institutional investors and hedge funds own 53.66% of the company’s stock.

In related news, CEO William P. Bowers sold 85,151 shares of the stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $50.00, for a total value of $4,257,550.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP James Y. Kerr II sold 25,000 shares of the stock in a transaction on Friday, October 20th. The shares were sold at an average price of $52.16, for a total value of $1,304,000.00. Following the completion of the transaction, the vice president now directly owns 26,000 shares of the company’s stock, valued at $1,356,160. The disclosure for this sale can be found here. Over the last three months, insiders sold 213,813 shares of company stock valued at $11,029,988. 1.00% of the stock is owned by corporate insiders.

Southern Company (NYSE:SO) opened at $48.50 on Monday. Southern Company has a 52 week low of $46.71 and a 52 week high of $53.51. The company has a quick ratio of 0.57, a current ratio of 0.73 and a debt-to-equity ratio of 1.73. The company has a market capitalization of $48,680.00, a price-to-earnings ratio of 86.61, a P/E/G ratio of 3.72 and a beta of 0.13.

Southern (NYSE:SO) last posted its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $1.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.04. Southern had a return on equity of 10.81% and a net margin of 2.59%. The firm had revenue of $6.20 billion during the quarter, compared to the consensus estimate of $6.16 billion. During the same period in the prior year, the company earned $1.27 EPS. The firm’s revenue was down 1.0% compared to the same quarter last year. equities analysts predict that Southern Company will post 2.95 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 6th. Investors of record on Monday, November 20th were paid a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 4.78%. The ex-dividend date of this dividend was Friday, November 17th. Southern’s dividend payout ratio is currently 414.29%.

A number of brokerages have recently issued reports on SO. Royal Bank of Canada upgraded Southern from a “sector perform” rating to an “outperform” rating and set a $53.00 target price on the stock in a research report on Friday, September 29th. Mizuho reiterated a “buy” rating and set a $55.00 target price on shares of Southern in a research report on Friday, December 8th. Zacks Investment Research upgraded Southern from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a research report on Tuesday, December 12th. Citigroup reiterated a “sell” rating and set a $44.00 target price (up previously from $43.00) on shares of Southern in a research report on Tuesday, October 3rd. Finally, Guggenheim upgraded Southern from a “neutral” rating to a “buy” rating and increased their target price for the company from $49.00 to $56.00 in a research report on Thursday, September 14th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $49.92.

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About Southern

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 (NYSE:SO)

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