Rothschild Investment Corp IL lifted its holdings in Southern Co (NYSE:SO) by 48.9% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 29,932 shares of the utilities provider’s stock after buying an additional 9,825 shares during the period. Rothschild Investment Corp IL’s holdings in Southern were worth $1,623,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Private Asset Management Inc. boosted its stake in Southern by 4.1% during the second quarter. Private Asset Management Inc. now owns 55,661 shares of the utilities provider’s stock valued at $2,886,000 after buying an additional 2,177 shares during the period. FDx Advisors Inc. boosted its position in shares of Southern by 69.3% during the 2nd quarter. FDx Advisors Inc. now owns 11,299 shares of the utilities provider’s stock valued at $586,000 after acquiring an additional 4,627 shares during the last quarter. Nordea Investment Management AB boosted its position in shares of Southern by 1,658.7% during the 2nd quarter. Nordea Investment Management AB now owns 2,964,098 shares of the utilities provider’s stock valued at $152,652,000 after acquiring an additional 2,795,556 shares during the last quarter. Exane Derivatives purchased a new position in shares of Southern during the third quarter worth about $478,000. Finally, Resources Investment Advisors LLC. increased its position in shares of Southern by 23.5% in the third quarter. Resources Investment Advisors LLC. now owns 7,758 shares of the utilities provider’s stock worth $421,000 after purchasing an additional 1,477 shares during the last quarter. Hedge funds and other institutional investors own 57.29% of the company’s stock.

In related news, CEO Stephen E. Kuczynski sold 2,500 shares of the company’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $55.00, for a total value of $137,500.00. Also, EVP Christopher C. Womack sold 5,930 shares of the stock in a transaction on Tuesday, October 6th. The stock was sold at an average price of $58.00, for a total value of $343,940.00. Following the completion of the transaction, the executive vice president now owns 12,228 shares of the company’s stock, valued at approximately $709,224. The disclosure for this sale can be found here. Insiders have sold 21,221 shares of company stock worth $1,163,540 in the last quarter. 0.39% of the stock is owned by corporate insiders.

A number of equities analysts have commented on the stock. KeyCorp boosted their price target on shares of Southern from $65.00 to $66.00 and gave the stock an “overweight” rating in a research note on Monday, October 19th. UBS Group cut their target price on shares of Southern from $57.00 to $55.00 and set a “neutral” rating for the company in a research report on Tuesday, September 1st. Mizuho downgraded Southern from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $53.00 to $48.00 in a research report on Thursday, September 10th. Morgan Stanley lifted their price target on Southern from $57.00 to $60.00 and gave the stock an “underweight” rating in a research note on Tuesday. Finally, Barclays upgraded Southern from an “equal weight” rating to an “overweight” rating and set a $61.00 price objective on the stock in a research report on Monday, September 21st. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $62.17.

Shares of SO stock traded up $0.29 during trading hours on Friday, reaching $60.85. The company’s stock had a trading volume of 4,395,253 shares, compared to its average volume of 3,904,625. The company has a current ratio of 0.97, a quick ratio of 0.75 and a debt-to-equity ratio of 1.46. Southern Co has a one year low of $41.96 and a one year high of $71.10. The stock has a market capitalization of $64.27 billion, a P/E ratio of 19.76, a P/E/G ratio of 4.58 and a beta of 0.38. The firm’s fifty day simple moving average is $55.11 and its 200 day simple moving average is $54.88.

Southern (NYSE:SO) last released its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.11. Southern had a net margin of 15.83% and a return on equity of 10.47%. The business had revenue of $4.62 billion for the quarter, compared to analysts’ expectations of $4.93 billion. During the same quarter in the previous year, the business posted $0.80 earnings per share. The firm’s revenue for the quarter was down 9.4% compared to the same quarter last year. As a group, equities research analysts forecast that Southern Co will post 3.16 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 7th. Stockholders of record on Monday, November 16th will be paid a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date is Friday, November 13th. Southern’s payout ratio is 82.32%.

About Southern

The Southern Company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity. It operates in four segments: Gas Distribution Operations, Gas Pipeline Investments, Wholesale Gas Services, and Gas Marketing Services. 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, and Tennessee, as well as provides gas marketing services, wholesale gas services, and gas pipeline investments operations.

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Institutional Ownership by Quarter for Southern (NYSE:SO)

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