Hexavest Inc. grew its position in Southern Co (NYSE:SO) by 1.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,859,041 shares of the utilities provider’s stock after purchasing an additional 35,075 shares during the period. Southern comprises about 1.0% of Hexavest Inc.’s holdings, making the stock its 20th largest position. Hexavest Inc. owned approximately 0.19% of Southern worth $89,401,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. AlphaMark Advisors LLC grew its holdings in Southern by 0.6% in the 2nd quarter. AlphaMark Advisors LLC now owns 2,363 shares of the utilities provider’s stock valued at $113,000 after buying an additional 14 shares during the last quarter. South Texas Money Management Ltd. lifted its position in shares of Southern by 0.3% in the 2nd quarter. South Texas Money Management Ltd. now owns 7,084 shares of the utilities provider’s stock worth $339,000 after acquiring an additional 19 shares during the period. WMS Partners LLC lifted its position in shares of Southern by 0.6% during the 2nd quarter. WMS Partners LLC now owns 4,387 shares of the utilities provider’s stock worth $210,000 after buying an additional 25 shares during the period. Sfmg LLC lifted its position in shares of Southern by 0.5% during the 2nd quarter. Sfmg LLC now owns 6,435 shares of the utilities provider’s stock worth $308,000 after buying an additional 29 shares during the period. Finally, Jackson Grant Investment Advisers Inc. lifted its position in shares of Southern by 1.2% during the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 3,317 shares of the utilities provider’s stock worth $159,000 after buying an additional 38 shares during the period. 53.67% of the stock is currently owned by institutional investors.
Several research firms recently commented on SO. JPMorgan Chase & Co. began coverage on Southern in a research report on Friday, January 12th. They set an “underweight” rating and a $46.00 target price for the company. SunTrust Banks reissued a “hold” rating and issued a $52.00 target price on shares of Southern in a research note on Friday, October 20th. Mizuho reissued a “buy” rating and issued a $52.00 target price on shares of Southern in a research note on Tuesday, December 26th. Bank of America reiterated an “underperform” rating and set a $51.00 target price on shares of Southern in a report on Tuesday, October 24th. Finally, ValuEngine lowered Southern from a “buy” rating to a “hold” rating in a report on Friday. Six research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $50.43.
Southern Co (NYSE:SO) opened at $44.17 on Friday. Southern Co has a 12 month low of $43.16 and a 12 month high of $53.51. The company has a market capitalization of $44,330.00, a price-to-earnings ratio of 78.88, a PEG ratio of 3.29 and a beta of 0.03. The company has a quick ratio of 0.57, a current ratio of 0.73 and a debt-to-equity ratio of 1.73.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 6th. Investors of record on Tuesday, February 20th will be issued a $0.58 dividend. The ex-dividend date of this dividend is Friday, February 16th. This represents a $2.32 dividend on an annualized basis and a yield of 5.25%. Southern’s payout ratio is 414.29%.
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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.
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