New Mexico Educational Retirement Board lifted its holdings in Southern Co (NYSE:SO) by 3.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,037 shares of the utilities provider’s stock after buying an additional 3,600 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Southern were worth $4,618,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Nichols & Pratt Advisers LLP MA boosted its position in Southern by 1.1% during the second quarter. Nichols & Pratt Advisers LLP MA now owns 190,472 shares of the utilities provider’s stock worth $9,120,000 after purchasing an additional 2,050 shares in the last quarter. QCI Asset Management Inc. NY boosted its position in Southern by 7.0% during the second quarter. QCI Asset Management Inc. NY now owns 180,543 shares of the utilities provider’s stock worth $8,644,000 after purchasing an additional 11,854 shares in the last quarter. Boulegeris Investments Inc. boosted its position in Southern by 2.8% during the second quarter. Boulegeris Investments Inc. now owns 12,655 shares of the utilities provider’s stock worth $606,000 after purchasing an additional 350 shares in the last quarter. Sullivan Bruyette Speros & Blaney LLC boosted its position in Southern by 0.9% during the second quarter. Sullivan Bruyette Speros & Blaney LLC now owns 11,598 shares of the utilities provider’s stock worth $555,000 after purchasing an additional 101 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in Southern by 2.3% during the second quarter. Principal Financial Group Inc. now owns 1,429,786 shares of the utilities provider’s stock worth $68,458,000 after purchasing an additional 31,878 shares in the last quarter. Hedge funds and other institutional investors own 53.72% of the company’s stock.
SO has been the topic of a number of research analyst reports. Zacks Investment Research downgraded Southern from a “hold” rating to a “sell” rating in a research report on Monday, January 15th. SunTrust Banks set a $46.00 price target on Southern and gave the stock a “hold” rating in a report on Monday. Mizuho cut Southern from a “buy” rating to a “neutral” rating and set a $44.50 price target for the company. in a report on Tuesday, January 23rd. Royal Bank of Canada reissued a “buy” rating on shares of Southern in a report on Friday, December 22nd. Finally, UBS Group started coverage on Southern in a report on Friday, February 2nd. They issued a “neutral” rating and a $46.00 price target for the company. Six analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $50.03.
Southern Co (NYSE:SO) opened at $44.62 on Wednesday. Southern Co has a 1-year low of $42.63 and a 1-year high of $53.51. The firm has a market capitalization of $44,842.10, a price-to-earnings ratio of 16.25, a PEG ratio of 3.31 and a beta of 0.03. 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 also recently announced a quarterly dividend, which will be paid on Tuesday, March 6th. Investors of record on Tuesday, February 20th will be paid a $0.58 dividend. The ex-dividend date of this dividend is Friday, February 16th. This represents a $2.32 annualized dividend and a yield of 5.20%. Southern’s payout ratio is currently 414.29%.
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Southern Company 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.
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