7,853 Shares in Southern Co (SO) Purchased by Independence Bank of Kentucky

Independence Bank of Kentucky acquired a new position in shares of Southern Co (NYSE:SO) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 7,853 shares of the utilities provider’s stock, valued at approximately $378,000.

Several other large investors have also recently modified their holdings of SO. Sullivan Bruyette Speros & Blaney LLC boosted its holdings in shares of 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 acquiring an additional 101 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of 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 acquiring an additional 31,878 shares during the period. Crawford Investment Counsel Inc. boosted its holdings in shares of Southern by 3.8% during the second quarter. Crawford Investment Counsel Inc. now owns 1,136,486 shares of the utilities provider’s stock worth $54,415,000 after acquiring an additional 41,175 shares during the period. AlphaMark Advisors LLC boosted its holdings in shares of Southern 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 acquiring an additional 14 shares during the period. Finally, Commerce Bank boosted its holdings in shares of Southern by 1.6% during the second quarter. Commerce Bank now owns 107,122 shares of the utilities provider’s stock worth $5,129,000 after acquiring an additional 1,637 shares during the period. Institutional investors own 53.72% of the company’s stock.

Shares of Southern Co (NYSE:SO) opened at $43.58 on Thursday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.57 and a current ratio of 0.73. Southern Co has a 12 month low of $42.63 and a 12 month high of $53.51. The firm has a market capitalization of $44,781.88, a price-to-earnings ratio of 16.23, a price-to-earnings-growth ratio of 3.31 and a beta of 0.03.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 6th. Shareholders of record on Tuesday, February 20th will be paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 5.32%. The ex-dividend date is Friday, February 16th. Southern’s payout ratio is presently 414.29%.

SO has been the subject of a number of research analyst reports. SunTrust Banks restated a “hold” rating and set a $52.00 price objective on shares of Southern in a report on Friday, October 20th. Bank of America reiterated an “underperform” rating and issued a $51.00 price target on shares of Southern in a research note on Tuesday, October 24th. Zacks Investment Research cut Southern from a “hold” rating to a “sell” rating in a research note on Tuesday, October 24th. Mizuho reiterated a “buy” rating and issued a $55.00 price target on shares of Southern in a research note on Friday, December 8th. Finally, Royal Bank of Canada reiterated a “buy” rating on shares of Southern in a research note on Friday, December 22nd. Six analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. Southern presently has a consensus rating of “Hold” and an average price target of $50.03.

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About Southern

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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Institutional Ownership by Quarter for Southern (NYSE:SO)

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