Southern Co (SO) Stake Increased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans raised its position in Southern Co (NYSE:SO) by 0.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 295,704 shares of the company’s stock after buying an additional 2,100 shares during the period. Thrivent Financial for Lutherans’ holdings in Southern were worth $14,544,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. National Pension Service boosted its stake in Southern by 8.8% in the third quarter. National Pension Service now owns 585,911 shares of the company’s stock worth $30,057,000 after buying an additional 47,146 shares during the last quarter. UBS Asset Management Americas Inc. boosted its stake in Southern by 3.5% in the third quarter. UBS Asset Management Americas Inc. now owns 4,069,783 shares of the company’s stock worth $208,780,000 after buying an additional 139,492 shares during the last quarter. Prudential Financial Inc. boosted its stake in Southern by 5.8% in the third quarter. Prudential Financial Inc. now owns 1,406,460 shares of the company’s stock worth $72,151,000 after buying an additional 76,781 shares during the last quarter. BlackRock Japan Co. Ltd boosted its stake in Southern by 4.4% in the third quarter. BlackRock Japan Co. Ltd now owns 1,281,052 shares of the company’s stock worth $65,718,000 after buying an additional 53,504 shares during the last quarter. Finally, Advisor Group Inc. boosted its stake in Southern by 6.6% in the third quarter. Advisor Group Inc. now owns 181,832 shares of the company’s stock worth $9,118,000 after buying an additional 11,252 shares during the last quarter. Institutional investors and hedge funds own 51.57% of the company’s stock.

Institutional Ownership by Quarter for Southern (NYSE:SO)

Shares of Southern Co (NYSE:SO) opened at 50.38 on Tuesday. The company has a 50-day moving average of $49.42 and a 200 day moving average of $49.67. Southern Co has a one year low of $46.20 and a one year high of $54.64. The stock has a market cap of $49.93 billion, a PE ratio of 19.76 and a beta of 0.05.

Southern (NYSE:SO) last posted its quarterly earnings data on Wednesday, February 22nd. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.33 by $0.09. The firm had revenue of $5.19 billion for the quarter, compared to the consensus estimate of $4.63 billion. Southern had a return on equity of 12.69% and a net margin of 14.14%. The company’s revenue was up 45.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.44 EPS. On average, analysts predict that Southern Co will post $2.98 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 6th. Investors of record on Tuesday, February 21st were paid a dividend of $0.56 per share. The ex-dividend date of this dividend was Thursday, February 16th. This represents a $2.24 annualized dividend and a dividend yield of 4.45%. Southern’s dividend payout ratio (DPR) is presently 83.27%.

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A number of equities research analysts have recently commented on SO shares. Citigroup Inc started coverage on shares of Southern in a report on Thursday, December 15th. They set a “sell” rating and a $44.00 price target on the stock. Royal Bank of Canada reiterated a “hold” rating and set a $54.00 price target on shares of Southern in a report on Wednesday, January 4th. Zacks Investment Research cut shares of Southern from a “hold” rating to a “sell” rating in a report on Wednesday, January 11th. Credit Suisse Group AG started coverage on shares of Southern in a report on Wednesday, January 25th. They set an “underperform” rating and a $47.00 price target on the stock. Finally, Jefferies Group LLC upgraded shares of Southern from a “hold” rating to a “buy” rating and increased their price target for the company from $50.00 to $56.00 in a report on Friday, March 3rd. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $52.91.

In related news, CEO William P. Bowers sold 70,680 shares of the business’s stock in a transaction that occurred on Monday, January 9th. The shares were sold at an average price of $48.88, for a total transaction of $3,454,838.40. Following the completion of the transaction, the chief executive officer now owns 122,669 shares in the company, valued at approximately $5,996,060.72. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Christopher C. Womack sold 2,182 shares of the business’s stock in a transaction that occurred on Monday, February 27th. The stock was sold at an average price of $50.36, for a total transaction of $109,885.52. Following the transaction, the executive vice president now owns 10,151 shares of the company’s stock, valued at approximately $511,204.36. The disclosure for this sale can be found here. In the last quarter, insiders have sold 88,962 shares of company stock valued at $4,377,774. 1.00% of the stock is currently owned by company insiders.

About Southern

The Southern Company (Southern Company) is a holding company. The Company owns all of the stock of the traditional operating companies and Southern Power Company (Southern Power), and owns other direct and indirect subsidiaries. Southern Company’s segments include the sale of electricity by four traditional operating companies, Southern Power and All Other.

5 Day Chart for NYSE:SO

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