Southern Co (SO) Holdings Trimmed by Capital Investment Advisory Services LLC

Capital Investment Advisory Services LLC decreased its position in Southern Co (NYSE:SO) by 4.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 10,301 shares of the utilities provider’s stock after selling 464 shares during the period. Capital Investment Advisory Services LLC’s holdings in Southern were worth $452,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. increased its stake 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 purchasing an additional 75,812 shares in the last quarter. State Treasurer State of Michigan increased its stake 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 purchasing an additional 2,700 shares in the last quarter. Financial Architects Inc increased its stake in shares of Southern by 11.7% during the fourth quarter. Financial Architects Inc now owns 17,924 shares of the utilities provider’s stock worth $787,000 after purchasing an additional 1,877 shares in the last quarter. UMB Bank N A MO increased its stake in shares of Southern by 4.7% during the fourth quarter. UMB Bank N A MO now owns 76,791 shares of the utilities provider’s stock worth $3,373,000 after purchasing an additional 3,482 shares in the last quarter. Finally, Bollard Group LLC increased its stake in shares of Southern by 3.2% during the third quarter. Bollard Group LLC now owns 208,887 shares of the utilities provider’s stock worth $9,107,000 after purchasing an additional 6,419 shares in the last quarter. 56.45% of the stock is owned by institutional investors.

NYSE:SO opened at $49.12 on Monday. The company has a current ratio of 0.72, a quick ratio of 0.58 and a debt-to-equity ratio of 1.48. The stock has a market capitalization of $50.54 billion, a price-to-earnings ratio of 16.26, a PEG ratio of 3.63 and a beta of 0.19. Southern Co has a 1-year low of $42.38 and a 1-year high of $49.43.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 6th. Shareholders of record on Tuesday, February 19th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Friday, February 15th. This represents a $2.40 annualized dividend and a yield of 4.89%. Southern’s payout ratio is 79.47%.

A number of research firms recently weighed in on SO. Mizuho restated a “hold” rating and set a $46.00 price target on shares of Southern in a research report on Tuesday, December 11th. Barclays boosted their price target on shares of Southern from $48.00 to $49.00 and gave the stock a “hold” rating in a research report on Monday, November 19th. UBS Group boosted their price target on shares of Southern from $46.00 to $47.00 and gave the stock a “neutral” rating in a research report on Monday, October 29th. Zacks Investment Research upgraded shares of Southern from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research report on Tuesday, December 4th. Finally, ValuEngine upgraded shares of Southern from a “sell” rating to a “hold” rating in a research report on Friday, October 19th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $46.64.

In other Southern news, CEO Kimberly S. Greene sold 15,000 shares of the business’s stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $47.03, for a total value of $705,450.00. Following the transaction, the chief executive officer now directly owns 9,380 shares in the company, valued at approximately $441,141.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO William P. Bowers sold 90,942 shares of the business’s stock in a transaction dated Wednesday, February 6th. The shares were sold at an average price of $48.60, for a total transaction of $4,419,781.20. Following the completion of the transaction, the chief executive officer now owns 177,043 shares in the company, valued at $8,604,289.80. The disclosure for this sale can be found here. Insiders sold a total of 114,942 shares of company stock worth $5,553,451 over the last quarter. 0.73% of the stock is currently owned by company insiders.

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Southern Company 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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