Pennsylvania Trust Co decreased its holdings in Southern Co (NYSE:SO) by 6.1% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 31,866 shares of the utilities provider’s stock after selling 2,056 shares during the period. Pennsylvania Trust Co’s holdings in Southern were worth $1,532,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Janus Henderson Group PLC raised its stake in shares of Southern by 3,580.1% during the second quarter. Janus Henderson Group PLC now owns 4,673,498 shares of the utilities provider’s stock valued at $223,766,000 after purchasing an additional 4,546,503 shares during the period. 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 purchasing an additional 3,015,226 shares during the period. Vanguard Group Inc. raised its stake in shares of Southern by 3.3% during the second 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 period. Commonwealth Bank of Australia raised its stake in shares of Southern by 1,565.3% during the third quarter. Commonwealth Bank of Australia now owns 1,738,380 shares of the utilities provider’s stock valued at $59,048,000 after purchasing an additional 1,633,990 shares during the period. Finally, Franklin Resources Inc. raised its stake in shares of Southern 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 purchasing an additional 770,413 shares during the period. Hedge funds and other institutional investors own 53.68% of the company’s stock.

A number of analysts have recently issued reports on SO shares. Zacks Investment Research upgraded shares of Southern from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a research note on Tuesday, October 10th. Mizuho reiterated a “buy” rating and set a $52.00 price objective on shares of Southern in a research note on Tuesday, December 26th. Royal Bank of Canada reiterated a “buy” rating on shares of Southern in a research note on Friday, December 22nd. Guggenheim reiterated a “buy” rating and set a $52.00 price objective on shares of Southern in a research note on Wednesday, January 3rd. Finally, SunTrust Banks reiterated a “hold” rating and set a $52.00 price objective on shares of Southern in a research note on Friday, October 20th. Six analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $51.07.

Shares of Southern Co (NYSE SO) opened at $45.05 on Thursday. Southern Co has a 1 year low of $44.31 and a 1 year high of $53.51. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.57 and a current ratio of 0.73. The firm has a market cap of $44,822.03, a P/E ratio of 80.45, a PEG ratio of 3.31 and a beta of 0.14.

Southern (NYSE:SO) last released its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.04. Southern had a net margin of 2.59% and a return on equity of 10.81%. The business had revenue of $6.20 billion during the quarter, compared to the consensus estimate of $6.16 billion. During the same quarter last year, the company earned $1.27 earnings per share. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. research analysts expect that Southern Co will post 2.96 EPS for the current fiscal year.

In other Southern news, insider Art P. Beattie sold 46,941 shares of Southern stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $52.50, for a total value of $2,464,402.50. Following the completion of the transaction, the insider now owns 59,494 shares of the company’s stock, valued at $3,123,435. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP James Y. Kerr II sold 25,000 shares of Southern stock in a transaction on Friday, October 20th. The stock was sold at an average price of $52.16, for a total transaction 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 approximately $1,356,160. The disclosure for this sale can be found here. Insiders have sold 128,662 shares of company stock valued at $6,772,438 in the last three months. Corporate insiders own 1.00% of the company’s stock.

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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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