Claybrook Capital LLC purchased a new stake in Southern Co (NYSE:SO) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,673 shares of the utilities provider’s stock, valued at approximately $73,000.

Several other hedge funds have also recently made changes to their positions in SO. Oregon Public Employees Retirement Fund increased its position in shares of Southern by 4,238.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,812,534 shares of the utilities provider’s stock valued at $110,000 after buying an additional 4,701,596 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Southern by 264.9% in the third quarter. Renaissance Technologies LLC now owns 4,812,401 shares of the utilities provider’s stock valued at $209,821,000 after buying an additional 3,493,601 shares in the last quarter. BlackRock Inc. increased its position in shares of Southern by 4.0% in the fourth quarter. BlackRock Inc. now owns 67,971,011 shares of the utilities provider’s stock valued at $2,985,286,000 after buying an additional 2,593,928 shares in the last quarter. FMR LLC increased its position in shares of Southern by 28.2% in the third quarter. FMR LLC now owns 8,617,581 shares of the utilities provider’s stock valued at $375,726,000 after buying an additional 1,896,970 shares in the last quarter. Finally, California Public Employees Retirement System increased its position in shares of Southern by 45.0% in the fourth quarter. California Public Employees Retirement System now owns 5,303,634 shares of the utilities provider’s stock valued at $232,936,000 after buying an additional 1,645,805 shares in the last quarter. Institutional investors and hedge funds own 56.49% of the company’s stock.

SO opened at $51.86 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.54 and a debt-to-equity ratio of 1.40. The firm has a market cap of $53.65 billion, a P/E ratio of 16.89, a P/E/G ratio of 3.79 and a beta of 0.19. Southern Co has a 52 week low of $42.42 and a 52 week high of $51.95.

Southern (NYSE:SO) last posted its quarterly earnings data on Wednesday, February 20th. The utilities provider reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. The business had revenue of $5.34 billion for the quarter, compared to analyst estimates of $4.88 billion. Southern had a return on equity of 11.39% and a net margin of 9.54%. The business’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.51 earnings per share. Equities analysts predict that Southern Co will post 3.03 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 6th. Investors of record on Tuesday, February 19th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.63%. The ex-dividend date was Friday, February 15th. Southern’s payout ratio is currently 78.18%.

In related news, CEO William P. Bowers sold 90,942 shares of the stock in a transaction on Wednesday, February 6th. The stock was sold at an average price of $48.60, for a total transaction of $4,419,781.20. Following the sale, the chief executive officer now owns 177,043 shares of the company’s stock, valued at $8,604,289.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Christopher C. Womack sold 18,922 shares of the stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $50.36, for a total value of $952,911.92. Following the sale, the executive vice president now directly owns 10,165 shares in the company, valued at approximately $511,909.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 142,864 shares of company stock worth $7,006,193. Corporate insiders own 0.73% of the company’s stock.

A number of research analysts have recently weighed in on the company. ValuEngine upgraded Southern from a “hold” rating to a “buy” rating in a research report on Saturday, March 9th. SunTrust Banks restated a “hold” rating and issued a $52.00 price target on shares of Southern in a research report on Monday, February 25th. restated a “sell” rating on shares of Southern in a research report on Wednesday, February 13th. restated a “sell” rating on shares of Southern in a research report on Wednesday, February 13th. Finally, Mizuho restated a “hold” rating and issued a $46.00 price target on shares of Southern in a research report on Tuesday, December 11th. Six research analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $47.00.

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Southern Profile

The Southern Company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity. The company also constructs, acquires, owns, and manages power generation assets, including renewable energy facilities and sells electricity in the wholesale market; and distributes natural gas in Illinois, Georgia, Virginia, New Jersey, Florida, Tennessee, and Maryland, as well as provides gas marketing services, wholesale gas services, and gas midstream operations.

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Institutional Ownership by Quarter for Southern (NYSE:SO)

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