Nichols & Pratt Advisers LLP MA cut its stake in Southern Co. (NYSE:SO) by 0.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 189,397 shares of the company’s stock after selling 490 shares during the period. Nichols & Pratt Advisers LLP MA’s holdings in Southern were worth $9,716,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Acropolis Investment Management LLC acquired a new stake in shares of Southern during the third quarter worth approximately $101,000. CWM LLC increased its stake in shares of Southern by 229.9% in the third quarter. CWM LLC now owns 2,039 shares of the company’s stock worth $105,000 after buying an additional 1,421 shares during the last quarter. Krilogy Financial LLC increased its stake in shares of Southern by 87.8% in the second quarter. Krilogy Financial LLC now owns 2,066 shares of the company’s stock worth $111,000 after buying an additional 966 shares during the last quarter. Ledyard National Bank increased its stake in shares of Southern by 112.3% in the third quarter. Ledyard National Bank now owns 2,410 shares of the company’s stock worth $124,000 after buying an additional 1,275 shares during the last quarter. Finally, Loomis Sayles & Co. L P increased its stake in shares of Southern by 447.9% in the second quarter. Loomis Sayles & Co. L P now owns 2,471 shares of the company’s stock worth $133,000 after buying an additional 2,020 shares during the last quarter. 50.49% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Southern (NYSE:SO)

Southern Co. (NYSE:SO) traded up 0.21% during midday trading on Tuesday, reaching $48.41. The company had a trading volume of 4,152,756 shares. The firm has a 50-day moving average price of $49.57 and a 200-day moving average price of $51.19. The company has a market capitalization of $47.44 billion, a price-to-earnings ratio of 18.18 and a beta of 0.07. Southern Co. has a 52 week low of $43.72 and a 52 week high of $54.64.

Southern (NYSE:SO) last announced its earnings results on Monday, October 31st. The company reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.11. The business earned $6.26 billion during the quarter, compared to analyst estimates of $3.41 billion. Southern had a net margin of 14.14% and a return on equity of 12.69%. The company’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.17 EPS. Analysts expect that Southern Co. will post $2.90 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 6th. Shareholders of record on Monday, November 21st will be paid a dividend of $0.56 per share. The ex-dividend date of this dividend is Thursday, November 17th. This represents a $2.24 dividend on an annualized basis and a yield of 4.69%. Southern’s dividend payout ratio is presently 83.27%.

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A number of analysts recently commented on SO shares. Jefferies Group reaffirmed a “hold” rating on shares of Southern in a research report on Thursday, August 4th. SunTrust Banks Inc. reduced their price objective on Southern from $53.00 to $51.00 and set a “neutral” rating for the company in a report on Monday, August 29th. Finally, Zacks Investment Research raised Southern from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a report on Tuesday, September 27th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $53.50.

Southern Company Profile

The Southern Company (Southern Company) is a holding company. The Company owns all of the stock of the traditional operating companies and Southern Power Company (Southern Power), and owns other direct and indirect subsidiaries. Southern Company’s segments include the sale of electricity by four traditional operating companies, Southern Power and All Other.

5 Day Chart for NYSE:SO

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