Southern Co (NYSE:SO) is Bruderman Asset Management LLC’s 8th Largest Position

Bruderman Asset Management LLC lessened its stake in shares of Southern Co (NYSE:SO) by 3.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 278,305 shares of the utilities provider’s stock after selling 9,489 shares during the quarter. Southern comprises about 3.4% of Bruderman Asset Management LLC’s investment portfolio, making the stock its 8th biggest holding. Bruderman Asset Management LLC’s holdings in Southern were worth $13,384,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Janus Henderson Group PLC lifted its stake in shares of Southern by 3,580.1% in the 2nd quarter. Janus Henderson Group PLC now owns 4,673,498 shares of the utilities provider’s stock worth $223,766,000 after purchasing an additional 4,546,503 shares during the period. Capital Research Global Investors lifted its stake in shares of Southern by 25.3% in the 2nd quarter. Capital Research Global Investors now owns 14,940,226 shares of the utilities provider’s stock worth $715,338,000 after purchasing an additional 3,015,226 shares during the period. Vanguard Group Inc. lifted its stake in shares of Southern by 3.3% in the 2nd quarter. Vanguard Group Inc. now owns 71,053,604 shares of the utilities provider’s stock worth $3,402,047,000 after purchasing an additional 2,295,466 shares during the period. Commonwealth Bank of Australia lifted its stake in shares of Southern by 1,565.3% in the 3rd quarter. Commonwealth Bank of Australia now owns 1,738,380 shares of the utilities provider’s stock worth $59,048,000 after purchasing an additional 1,633,990 shares during the period. Finally, Franklin Resources Inc. lifted its stake in shares of Southern by 3.6% in the 2nd quarter. Franklin Resources Inc. now owns 22,379,839 shares of the utilities provider’s stock worth $1,071,547,000 after purchasing an additional 770,413 shares during the period. 53.72% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently weighed in on SO shares. Zacks Investment Research cut shares of Southern from a “hold” rating to a “sell” rating in a research note on Monday, January 15th. SunTrust Banks restated a “hold” rating and set a $50.00 target price on shares of Southern in a research note on Tuesday, December 26th. Goldman Sachs Group restated a “sell” rating on shares of Southern in a research note on Wednesday, January 10th. Mizuho restated a “buy” rating and set a $52.00 target price on shares of Southern in a research note on Tuesday, December 26th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Southern in a research note on Friday, January 12th. They set an “underweight” rating and a $46.00 target price on the stock. Six analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $50.03.

Southern Co (NYSE SO) traded up $0.71 during trading on Thursday, hitting $44.29. 2,667,449 shares of the stock traded hands, compared to its average volume of 8,235,867. The company has a market capitalization of $44,781.88, a PE ratio of 78.59, a P/E/G ratio of 3.31 and a beta of 0.03. 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 52-week low of $42.63 and a 52-week high of $53.51.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 6th. Stockholders of record on Tuesday, February 20th will be given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 5.24%. The ex-dividend date is Friday, February 16th. 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.

Institutional Ownership by Quarter for Southern (NYSE:SO)

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