Cetera Investment Advisers lifted its stake in shares of Southern Co (NYSE:SO) by 48.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 24,187 shares of the utilities provider’s stock after purchasing an additional 7,931 shares during the quarter. Cetera Investment Advisers’ holdings in Southern were worth $1,164,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings 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 worth $3,402,047,000 after buying an additional 2,295,466 shares in the last quarter. Franklin Resources Inc. increased its holdings 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 worth $1,071,547,000 after buying an additional 770,413 shares in the last quarter. Capital Research Global Investors increased its holdings 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 worth $715,338,000 after buying an additional 3,015,226 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Southern by 3.9% during the third quarter. Ameriprise Financial Inc. now owns 9,378,775 shares of the utilities provider’s stock worth $460,666,000 after buying an additional 352,722 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of Southern by 4.2% during the third quarter. Legal & General Group Plc now owns 7,292,675 shares of the utilities provider’s stock worth $358,339,000 after buying an additional 291,409 shares in the last quarter. Institutional investors own 53.72% of the company’s stock.

SO has been the subject of a number of recent research reports. Morgan Stanley decreased their price objective on Southern from $48.00 to $44.00 and set an “underweight” rating for the company in a report on Tuesday. SunTrust Banks set a $46.00 price objective on Southern and gave the company a “hold” rating in a report on Monday. UBS Group initiated coverage on Southern in a report on Friday, February 2nd. They issued a “neutral” rating and a $46.00 price objective for the company. ValuEngine downgraded Southern from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Mizuho downgraded Southern from a “buy” rating to a “neutral” rating and set a $44.50 price objective for the company. in a report on Tuesday, January 23rd. Six research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. Southern has an average rating of “Hold” and an average target price of $50.03.

Southern Co (NYSE SO) opened at $44.62 on Wednesday. The stock has a market cap of $44,780.00, a PE ratio of 79.68, a PEG ratio of 3.29 and a beta of 0.03. The company has a current ratio of 0.73, a quick ratio of 0.57 and a debt-to-equity ratio of 1.73. Southern Co has a 1 year low of $42.63 and a 1 year high of $53.51.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 6th. Stockholders of record on Tuesday, February 20th will be given a dividend of $0.58 per share. The ex-dividend date is Friday, February 16th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 5.20%. Southern’s dividend payout ratio (DPR) is presently 414.29%.

COPYRIGHT VIOLATION NOTICE: “Southern Co (SO) Shares Bought by Cetera Investment Advisers” was originally published by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are reading this news story on another publication, it was copied illegally and republished in violation of international trademark & copyright legislation. The legal version of this news story can be viewed at https://theolympiareport.com/2018/02/14/southern-co-so-shares-bought-by-cetera-investment-advisers.html.

Southern 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.

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).

Institutional Ownership by Quarter for Southern (NYSE:SO)

Receive News & Ratings for Southern Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southern and related companies with MarketBeat.com's FREE daily email newsletter.