D.A. Davidson & CO. Has $2.59 Million Position in Southern Company (The) (NYSE:SO)

D.A. Davidson & CO. reduced its holdings in Southern Company (The) (NYSE:SO) by 5.0% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 54,183 shares of the utilities provider’s stock after selling 2,840 shares during the quarter. D.A. Davidson & CO.’s holdings in Southern Company (The) were worth $2,594,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Bartlett & Co. LLC increased its position in shares of Southern Company (The) by 0.3% during the 2nd quarter. Bartlett & Co. LLC now owns 4,813 shares of the utilities provider’s stock valued at $230,000 after purchasing an additional 14 shares during the last quarter. AlphaMark Advisors LLC increased its position in shares of Southern Company (The) by 0.6% during the 2nd quarter. AlphaMark Advisors LLC now owns 2,363 shares of the utilities provider’s stock valued at $113,000 after purchasing an additional 14 shares during the last quarter. WMS Partners LLC increased its position in shares of Southern Company (The) by 0.6% during the 2nd quarter. WMS Partners LLC now owns 4,387 shares of the utilities provider’s stock valued at $210,000 after purchasing an additional 25 shares during the last quarter. Regal Investment Advisors LLC increased its position in shares of Southern Company (The) by 0.4% during the 1st quarter. Regal Investment Advisors LLC now owns 7,990 shares of the utilities provider’s stock valued at $398,000 after purchasing an additional 29 shares during the last quarter. Finally, Sfmg LLC increased its position in shares of Southern Company (The) by 0.5% during the 2nd quarter. Sfmg LLC now owns 6,435 shares of the utilities provider’s stock valued at $308,000 after purchasing an additional 29 shares during the last quarter. Institutional investors and hedge funds own 53.08% of the company’s stock.

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In other news, insider Ann P. Daiss sold 5,080 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $53.28, for a total value of $270,662.40. Following the completion of the transaction, the insider now owns 7,474 shares in the company, valued at approximately $398,214.72. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Christopher C. Womack sold 46,641 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $53.00, for a total value of $2,471,973.00. Following the completion of the transaction, the executive vice president now owns 56,799 shares of the company’s stock, valued at approximately $3,010,347. The disclosure for this sale can be found here. In the last 90 days, insiders sold 213,813 shares of company stock valued at $11,029,988. 1.00% of the stock is currently owned by company insiders.

Shares of Southern Company (NYSE:SO) opened at $51.36 on Friday. Southern Company has a fifty-two week low of $46.20 and a fifty-two week high of $53.51. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.73 and a quick ratio of 0.57. The firm has a market capitalization of $51,546.34, a P/E ratio of 18.68, a price-to-earnings-growth ratio of 4.64 and a beta of 0.15.

Southern Company (The) (NYSE:SO) last released its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.04. The business had revenue of $6.20 billion during the quarter, compared to analysts’ expectations of $6.16 billion. Southern Company (The) had a return on equity of 10.81% and a net margin of 2.59%. The business’s revenue was down 1.0% on a year-over-year basis. During the same quarter last year, the business posted $1.27 EPS. sell-side analysts forecast that Southern Company will post 2.95 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Monday, November 20th will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 4.52%. The ex-dividend date is Friday, November 17th. Southern Company (The)’s payout ratio is presently 414.29%.

Several equities analysts have recently commented on the company. Royal Bank Of Canada reiterated a “hold” rating and set a $53.00 price objective on shares of Southern Company (The) in a research report on Monday, July 31st. J P Morgan Chase & Co assumed coverage on Southern Company (The) in a research report on Tuesday, August 8th. They set an “overweight” rating and a $16.78 price objective on the stock. BidaskClub upgraded Southern Company (The) from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Credit Suisse Group upgraded Southern Company (The) from an “underperform” rating to a “neutral” rating in a research report on Thursday, August 3rd. Finally, Zacks Investment Research upgraded Southern Company (The) from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $49.72.

About Southern Company (The)

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)

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