Brookmont Capital Management increased its holdings in shares of Southern Co (NYSE:SO) by 82.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 46,710 shares of the utilities provider’s stock after purchasing an additional 21,087 shares during the quarter. Brookmont Capital Management’s holdings in Southern were worth $2,246,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in SO. South Texas Money Management Ltd. raised its position in shares of Southern by 0.3% in the second quarter. South Texas Money Management Ltd. now owns 7,084 shares of the utilities provider’s stock valued at $339,000 after purchasing an additional 19 shares during the period. Hancock Holding Co. increased its position in Southern by 0.5% during the second quarter. Hancock Holding Co. now owns 42,585 shares of the utilities provider’s stock worth $2,039,000 after acquiring an additional 213 shares during the period. Day & Ennis LLC grew its stake in Southern by 1.1% during the second quarter. Day & Ennis LLC now owns 28,424 shares of the utilities provider’s stock worth $1,361,000 after buying an additional 316 shares in the last quarter. Ken Stern & Associates Inc. grew its stake in Southern by 5.4% during the second quarter. Ken Stern & Associates Inc. now owns 6,221 shares of the utilities provider’s stock worth $300,000 after buying an additional 319 shares in the last quarter. Finally, Simmons Bank grew its stake in Southern by 0.8% during the second quarter. Simmons Bank now owns 66,847 shares of the utilities provider’s stock worth $3,201,000 after buying an additional 562 shares in the last quarter. Institutional investors and hedge funds own 56.44% of the company’s stock.
Shares of Southern Co (NYSE:SO) opened at $43.59 on Wednesday. The company has a current ratio of 0.74, a quick ratio of 0.59 and a debt-to-equity ratio of 1.84. Southern Co has a 12-month low of $42.38 and a 12-month high of $53.51. The company has a market capitalization of $43,950.00, a price-to-earnings ratio of 77.84, a P/E/G ratio of 3.35 and a beta of 0.07.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 6th. Stockholders of record on Tuesday, February 20th were given a dividend of $0.58 per share. The ex-dividend date was Friday, February 16th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 5.32%. Southern’s payout ratio is currently 414.29%.
SO has been the topic of a number of research analyst reports. Zacks Investment Research downgraded shares of Southern from a “hold” rating to a “sell” rating in a research note on Monday, January 15th. Goldman Sachs Group restated a “sell” rating on shares of Southern in a report on Wednesday, January 10th. Mizuho reiterated a “buy” rating and issued a $52.00 price objective on shares of Southern in a research note on Tuesday, December 26th. JPMorgan Chase & Co. started coverage on shares of Southern in a report on Friday, January 12th. They set an “underweight” rating and a $46.00 price objective on the stock. Finally, Guggenheim reissued a “buy” rating and issued a $52.00 price target on shares of Southern in a report on Wednesday, January 3rd. Seven analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $49.41.
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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