Southern Co (SO) Holdings Raised by Pacer Advisors Inc.

Pacer Advisors Inc. raised its position in Southern Co (NYSE:SO) by 12.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 55,037 shares of the utilities provider’s stock after purchasing an additional 5,937 shares during the period. Pacer Advisors Inc.’s holdings in Southern were worth $2,400,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Global X Management Co LLC increased its stake in Southern by 1.5% in the second quarter. Global X Management Co LLC now owns 207,501 shares of the utilities provider’s stock valued at $9,609,000 after purchasing an additional 3,164 shares in the last quarter. Korea Investment CORP increased its stake in Southern by 31.7% in the second quarter. Korea Investment CORP now owns 367,006 shares of the utilities provider’s stock valued at $16,996,000 after purchasing an additional 88,300 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of Southern by 9.5% during the third quarter. Robeco Institutional Asset Management B.V. now owns 876,977 shares of the utilities provider’s stock worth $38,233,000 after acquiring an additional 75,812 shares in the last quarter. Centaurus Financial Inc. increased its position in shares of Southern by 187.2% during the second quarter. Centaurus Financial Inc. now owns 20,495 shares of the utilities provider’s stock worth $949,000 after acquiring an additional 13,359 shares in the last quarter. Finally, State Treasurer State of Michigan increased its position in shares of Southern by 0.9% during the third quarter. State Treasurer State of Michigan now owns 302,230 shares of the utilities provider’s stock worth $13,177,000 after acquiring an additional 2,700 shares in the last quarter. 56.58% of the stock is owned by hedge funds and other institutional investors.

SO has been the subject of several research reports. Zacks Investment Research raised shares of Southern from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a research report on Tuesday, October 9th. SunTrust Banks reissued a “hold” rating and set a $48.00 price objective on shares of Southern in a research report on Thursday, November 8th. Bank of America raised shares of Southern from an “underperform” rating to a “neutral” rating and set a $46.00 price objective for the company in a research report on Wednesday, October 10th. Credit Suisse Group increased their price objective on shares of Southern from $44.00 to $46.00 and gave the stock an “underperform” rating in a research report on Thursday, December 6th. Finally, ValuEngine raised shares of Southern from a “sell” rating to a “hold” rating in a research report on Friday, October 19th. Six equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $46.64.

In related news, insider Mark Lantrip sold 9,000 shares of the firm’s stock in a transaction on Tuesday, December 4th. The shares were sold at an average price of $47.58, for a total value of $428,220.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Kimberly S. Greene sold 15,000 shares of the firm’s stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $47.03, for a total transaction of $705,450.00. Following the completion of the transaction, the chief executive officer now directly owns 9,380 shares of the company’s stock, valued at approximately $441,141.40. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by company insiders.

Southern stock opened at $47.33 on Friday. The firm has a market capitalization of $48.70 billion, a P/E ratio of 14.21, a price-to-earnings-growth ratio of 3.47 and a beta of -0.07. Southern Co has a 1-year low of $42.38 and a 1-year high of $52.00. The company has a quick ratio of 0.58, a current ratio of 0.72 and a debt-to-equity ratio of 1.48.

Southern (NYSE:SO) last released its earnings results on Wednesday, November 7th. The utilities provider reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.07. The business had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $6.68 billion. Southern had a net margin of 10.35% and a return on equity of 12.88%. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.12 earnings per share. On average, research analysts anticipate that Southern Co will post 3.03 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 6th. Investors of record on Monday, November 19th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 5.07%. The ex-dividend date was Friday, November 16th. Southern’s dividend payout ratio (DPR) is currently 79.47%.

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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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