Southern Company (The) (NYSE:SO) insider Art P. Beattie sold 46,941 shares of Southern Company (The) stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $52.50, for a total transaction of $2,464,402.50. Following the transaction, the insider now directly owns 59,494 shares in the company, valued at $3,123,435. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Southern Company (NYSE:SO) opened at $52.31 on Wednesday. Southern Company has a 52-week low of $46.20 and a 52-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 company has a market cap of $52,008.00, a P/E ratio of 18.84, a price-to-earnings-growth ratio of 4.68 and a beta of 0.15.
Southern Company (The) (NYSE:SO) last posted its earnings results on Wednesday, November 1st. The utilities provider reported $1.12 EPS for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.04. Southern Company (The) had a net margin of 2.59% and a return on equity of 10.81%. The firm had revenue of $6.20 billion for the quarter, compared to the consensus estimate of $6.16 billion. During the same period last year, the firm posted $1.27 EPS. The company’s revenue was down 1.0% on a year-over-year basis. equities research analysts anticipate that Southern Company will post 2.95 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 6th. Shareholders of record on Monday, November 20th will be given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 4.44%. The ex-dividend date of this dividend is Friday, November 17th. Southern Company (The)’s payout ratio is currently 414.29%.
Several research firms have recently commented on SO. upgraded shares of Southern Company (The) from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. Bank of America Corporation restated an “underperform” rating and set a $51.00 target price on shares of Southern Company (The) in a research report on Tuesday, October 24th. SunTrust Banks, Inc. restated a “hold” rating and set a $52.00 target price on shares of Southern Company (The) in a research report on Friday, October 20th. Jefferies Group LLC restated a “buy” rating and set a $56.00 target price (up from $55.00) on shares of Southern Company (The) in a research report on Tuesday, September 12th. Finally, Credit Suisse Group upgraded shares of Southern Company (The) from an “underperform” rating to a “neutral” rating in a research report on Thursday, August 3rd. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $49.72.
Several hedge funds have recently added to or reduced their stakes in SO. Waldron LP acquired a new stake in shares of Southern Company (The) in the 1st quarter worth $216,000. Mosaic Family Wealth LLC lifted its stake in shares of Southern Company (The) by 1.3% in the first quarter. Mosaic Family Wealth LLC now owns 8,593 shares of the utilities provider’s stock valued at $428,000 after purchasing an additional 107 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Southern Company (The) by 30.9% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 73,515 shares of the utilities provider’s stock worth $3,660,000 after acquiring an additional 17,337 shares during the last quarter. Ameriprise Financial Inc. raised its position in Southern Company (The) by 205.4% during the first quarter. Ameriprise Financial Inc. now owns 8,803,018 shares of the utilities provider’s stock worth $438,168,000 after acquiring an additional 5,920,212 shares during the last quarter. Finally, Pzena Investment Management LLC acquired a new position in Southern Company (The) during the first quarter worth about $344,000. Institutional investors own 52.88% of the company’s stock.
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.
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.