The Southern Company (NYSE:SO) Shares Sold by Sei Investments Co.

Sei Investments Co. cut its stake in shares of The Southern Company (NYSE:SOFree Report) by 4.2% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 720,179 shares of the utilities provider’s stock after selling 31,516 shares during the period. Sei Investments Co. owned approximately 0.07% of Southern worth $50,498,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. BKM Wealth Management LLC purchased a new stake in shares of Southern during the fourth quarter worth about $34,000. Valley National Advisers Inc. raised its position in shares of Southern by 63.9% in the 4th quarter. Valley National Advisers Inc. now owns 526 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 205 shares in the last quarter. Cassady Schiller Wealth Management LLC boosted its stake in shares of Southern by 46.3% during the 4th quarter. Cassady Schiller Wealth Management LLC now owns 556 shares of the utilities provider’s stock valued at $39,000 after buying an additional 176 shares during the last quarter. Atticus Wealth Management LLC grew its position in shares of Southern by 30.4% during the third quarter. Atticus Wealth Management LLC now owns 652 shares of the utilities provider’s stock worth $42,000 after buying an additional 152 shares in the last quarter. Finally, Cetera Trust Company N.A acquired a new stake in Southern in the fourth quarter valued at $46,000. Hedge funds and other institutional investors own 64.10% of the company’s stock.

Insider Transactions at Southern

In related news, CEO Kimberly S. Greene sold 9,126 shares of Southern stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $75.04, for a total transaction of $684,815.04. Following the transaction, the chief executive officer now directly owns 121,504 shares of the company’s stock, valued at $9,117,660.16. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on SO. Royal Bank of Canada reissued an “outperform” rating and set a $80.00 price objective on shares of Southern in a report on Wednesday, February 21st. BMO Capital Markets reissued an “outperform” rating and issued a $76.00 price objective (up from $72.00) on shares of Southern in a report on Monday, April 1st. UBS Group downgraded Southern from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $78.00 to $76.00 in a report on Thursday, April 4th. Bank of America boosted their price target on Southern from $73.00 to $79.00 and gave the company a “neutral” rating in a report on Friday, May 31st. Finally, Argus lifted their price objective on shares of Southern from $75.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, May 15th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $76.36.

Get Our Latest Stock Report on Southern

Southern Trading Up 1.3 %

Shares of SO stock opened at $78.97 on Tuesday. The firm has a market capitalization of $86.35 billion, a PE ratio of 20.41, a price-to-earnings-growth ratio of 2.80 and a beta of 0.51. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.65 and a current ratio of 0.92. The Southern Company has a 1 year low of $61.56 and a 1 year high of $80.84. The stock has a fifty day moving average of $75.25 and a two-hundred day moving average of $71.56.

Southern (NYSE:SOGet Free Report) last released its earnings results on Thursday, May 2nd. The utilities provider reported $1.03 EPS for the quarter, beating the consensus estimate of $0.90 by $0.13. The firm had revenue of $6.65 billion for the quarter, compared to analysts’ expectations of $6.59 billion. Southern had a net margin of 16.74% and a return on equity of 12.07%. Southern’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the company earned $0.79 EPS. As a group, research analysts expect that The Southern Company will post 4 EPS for the current year.

Southern Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 6th. Stockholders of record on Monday, May 20th were given a dividend of $0.72 per share. The ex-dividend date of this dividend was Friday, May 17th. This is a boost from Southern’s previous quarterly dividend of $0.70. This represents a $2.88 annualized dividend and a dividend yield of 3.65%. Southern’s dividend payout ratio (DPR) is 74.42%.

Southern Profile

(Free Report)

The Southern Company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity. The company also develops, constructs, acquires, owns, and manages power generation assets, including renewable energy projects and sells electricity in the wholesale market; and distributes natural gas in Illinois, Georgia, Virginia, and Tennessee, as well as provides gas marketing services, gas distribution operations, and gas pipeline investments operations.

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Institutional Ownership by Quarter for Southern (NYSE:SO)

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