The Southern Company (NYSE:SO) CEO Anthony L. Wilson Sells 6,900 Shares of Stock

The Southern Company (NYSE:SOGet Free Report) CEO Anthony L. Wilson sold 6,900 shares of the stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $77.61, for a total transaction of $535,509.00. Following the sale, the chief executive officer now directly owns 85,309 shares of the company’s stock, valued at $6,620,831.49. The sale was disclosed in a document filed with the SEC, which is available through this link.

Southern Stock Down 0.3 %

NYSE:SO opened at $77.80 on Tuesday. The Southern Company has a twelve month low of $61.56 and a twelve month high of $80.84. The company has a market cap of $85.07 billion, a price-to-earnings ratio of 20.10, a price-to-earnings-growth ratio of 2.81 and a beta of 0.51. The stock has a fifty day simple moving average of $78.06 and a 200-day simple moving average of $72.57. The company has a current ratio of 0.92, a quick ratio of 0.65 and a debt-to-equity ratio of 1.67.

Southern (NYSE:SOGet Free Report) last released its earnings results on Thursday, May 2nd. The utilities provider reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.13. Southern had a return on equity of 12.07% and a net margin of 16.74%. The business had revenue of $6.65 billion during the quarter, compared to the consensus estimate of $6.59 billion. During the same period last year, the company earned $0.79 earnings per share. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. Analysts anticipate that The Southern Company will post 4 EPS for the current year.

Southern Increases Dividend

The firm also recently announced 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. This represents a $2.88 annualized dividend and a dividend yield of 3.70%. This is an increase from Southern’s previous quarterly dividend of $0.70. The ex-dividend date was Friday, May 17th. Southern’s dividend payout ratio (DPR) is 74.42%.

Hedge Funds Weigh In On Southern

Several institutional investors have recently made changes to their positions in the company. Versant Capital Management Inc increased its stake in shares of Southern by 31.8% during the second quarter. Versant Capital Management Inc now owns 585 shares of the utilities provider’s stock valued at $45,000 after buying an additional 141 shares during the period. Cornell Pochily Investment Advisors Inc. increased its stake in shares of Southern by 0.9% during the first quarter. Cornell Pochily Investment Advisors Inc. now owns 16,141 shares of the utilities provider’s stock valued at $1,158,000 after buying an additional 144 shares during the period. Good Life Advisors LLC grew its stake in Southern by 0.8% in the fourth quarter. Good Life Advisors LLC now owns 19,956 shares of the utilities provider’s stock valued at $1,399,000 after purchasing an additional 149 shares during the last quarter. Insight Inv LLC grew its stake in Southern by 1.4% in the fourth quarter. Insight Inv LLC now owns 10,530 shares of the utilities provider’s stock valued at $738,000 after purchasing an additional 150 shares during the last quarter. Finally, Patten & Patten Inc. TN grew its stake in Southern by 0.7% in the fourth quarter. Patten & Patten Inc. TN now owns 20,736 shares of the utilities provider’s stock valued at $1,454,000 after purchasing an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 64.10% of the company’s stock.

Wall Street Analysts Forecast Growth

SO has been the subject of a number of research reports. Morgan Stanley lowered their target price on Southern from $74.00 to $71.00 and set an “equal weight” rating for the company in a research report on Monday, June 24th. UBS Group downgraded Southern from a “buy” rating to a “neutral” rating and lowered their target price for the company from $78.00 to $76.00 in a research report on Thursday, April 4th. BMO Capital Markets reiterated an “outperform” rating and set a $76.00 target price (up from $72.00) on shares of Southern in a research report on Monday, April 1st. Wells Fargo & Company increased their target price on Southern from $72.00 to $77.00 and gave the company an “equal weight” rating in a research report on Friday, May 3rd. Finally, Barclays increased their target price on Southern from $65.00 to $66.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $76.14.

Read Our Latest Report on SO

About Southern

(Get 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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Insider Buying and Selling by Quarter for Southern (NYSE:SO)

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