Bronfman E.L. Rothschild L.P. Boosts Stake in Southern Company (The) (SO)

Bronfman E.L. Rothschild L.P. lifted its position in Southern Company (The) (NYSE:SO) by 33.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,810 shares of the utilities provider’s stock after acquiring an additional 2,203 shares during the period. Bronfman E.L. Rothschild L.P.’s holdings in Southern Company (The) were worth $422,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Chicago Partners Investment Group LLC acquired a new stake in shares of Southern Company (The) during the second quarter worth approximately $100,000. Symmetry Partners LLC acquired a new stake in shares of Southern Company (The) during the first quarter worth approximately $103,000. Monroe Bank & Trust MI boosted its holdings in shares of Southern Company (The) by 17.9% during the second quarter. Monroe Bank & Trust MI now owns 2,300 shares of the utilities provider’s stock worth $110,000 after purchasing an additional 350 shares during the period. Stuart Chaussee & Associates Inc. boosted its holdings in shares of Southern Company (The) by 358.8% during the first quarter. Stuart Chaussee & Associates Inc. now owns 2,225 shares of the utilities provider’s stock worth $111,000 after purchasing an additional 1,740 shares during the period. Finally, AlphaMark Advisors LLC boosted its holdings in shares of Southern Company (The) by 0.6% during the second quarter. AlphaMark Advisors LLC now owns 2,363 shares of the utilities provider’s stock worth $113,000 after purchasing an additional 14 shares during the period. 53.27% of the stock is currently owned by institutional investors and hedge funds.

Several analysts recently commented on SO shares. Zacks Investment Research cut shares of Southern Company (The) from a “hold” rating to a “sell” rating in a report on Monday, September 11th. Deutsche Bank AG upgraded shares of Southern Company (The) from a “hold” rating to a “buy” rating and raised their price target for the stock from $50.00 to $52.00 in a report on Tuesday, August 1st. Guggenheim upgraded shares of Southern Company (The) from a “neutral” rating to a “buy” rating and raised their price target for the stock from $49.00 to $56.00 in a report on Thursday, September 14th. Mizuho upgraded shares of Southern Company (The) from a “neutral” rating to a “buy” rating and set a $53.00 price target for the company in a report on Tuesday, September 5th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $53.00 target price on shares of Southern Company (The) in a research note on Monday, July 31st. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $49.72.

In other Southern Company (The) news, insider Ann P. Daiss sold 5,000 shares of the firm’s stock in a transaction on Friday, October 20th. The stock was sold at an average price of $52.28, for a total transaction of $261,400.00. Following the completion of the sale, the insider now owns 7,394 shares of the company’s stock, valued at approximately $386,558.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Christopher C. Womack sold 75,144 shares of the firm’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $49.29, for a total value of $3,703,847.76. Following the sale, the executive vice president now directly owns 85,298 shares of the company’s stock, valued at approximately $4,204,338.42. The disclosure for this sale can be found here. Insiders have sold a total of 190,295 shares of company stock valued at $9,526,798 in the last ninety days. Insiders own 1.00% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Bronfman E.L. Rothschild L.P. Boosts Stake in Southern Company (The) (SO)” was originally posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this piece on another publication, it was illegally copied and republished in violation of U.S. and international trademark & copyright law. The legal version of this piece can be viewed at https://www.dispatchtribunal.com/2017/10/28/bronfman-e-l-rothschild-l-p-raises-position-in-southern-company-the-so.html.

Shares of Southern Company (NYSE SO) opened at 52.09 on Friday. The stock has a 50 day moving average of $50.13 and a 200-day moving average of $49.46. The firm has a market capitalization of $52.06 billion, a PE ratio of 85.67 and a beta of 0.13. Southern Company has a 52 week low of $46.20 and a 52 week high of $52.41.

Southern Company (The) (NYSE:SO) last announced its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.02. Southern Company (The) had a return on equity of 11.30% and a net margin of 2.93%. The business had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.23 billion. During the same quarter last year, the firm posted $0.74 EPS. The company’s quarterly revenue was up 21.7% on a year-over-year basis. Equities analysts anticipate that Southern Company will post $2.94 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 6th. Shareholders of record on Monday, November 20th will be issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 4.45%. The ex-dividend date is Friday, November 17th. Southern Company (The)’s dividend payout ratio is 346.27%.

Southern Company (The) Profile

The Southern Company (Southern Company) is a holding company. The Company owns all of the stock of the traditional electric operating companies and the parent entities of Southern Power Company (Southern Power) and Southern Company Gas, and owns other direct and indirect subsidiaries. The Company’s segments include Gas distribution operations, Gas marketing services, Wholesale gas services, Gas midstream operations and All other.

Institutional Ownership by Quarter for Southern Company (The) (NYSE:SO)

Receive News & Ratings for Southern Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southern Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply