Southern Company (The) (NYSE:SO) CEO William P. Bowers sold 85,151 shares of the company’s stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $50.00, for a total value of $4,257,550.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Shares of Southern Company (NYSE:SO) traded up 0.40% during midday trading on Thursday, reaching $50.68. The company had a trading volume of 2,753,296 shares. The stock has a market capitalization of $50.65 billion, a price-to-earnings ratio of 83.36 and a beta of 0.13. The firm’s 50 day moving average price is $49.23 and its 200-day moving average price is $49.34. Southern Company has a 1-year low of $46.20 and a 1-year high of $52.22.

Southern Company (The) (NYSE:SO) last announced its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.73 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.02. Southern Company (The) had a return on equity of 11.30% and a net margin of 2.93%. The business had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $5.23 billion. During the same period last year, the business posted $0.74 EPS. The business’s revenue was up 21.7% compared to the same quarter last year. Equities research analysts expect that Southern Company will post $2.95 EPS for the current fiscal year.

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A number of hedge funds have recently made changes to their positions in SO. Waldron LP purchased a new position in Southern Company (The) during the 1st quarter worth $216,000. Greatmark Investment Partners Inc. grew its stake in Southern Company (The) by 1.2% during the 1st quarter. Greatmark Investment Partners Inc. now owns 40,763 shares of the utilities provider’s stock worth $2,029,000 after buying an additional 500 shares during the last quarter. Advisors Asset Management Inc. grew its stake in Southern Company (The) by 1.1% during the 1st quarter. Advisors Asset Management Inc. now owns 426,432 shares of the utilities provider’s stock worth $21,228,000 after buying an additional 4,479 shares during the last quarter. Flinton Capital Management LLC grew its stake in Southern Company (The) by 23.9% during the 1st quarter. Flinton Capital Management LLC now owns 327,280 shares of the utilities provider’s stock worth $16,292,000 after buying an additional 63,088 shares during the last quarter. Finally, Confluence Wealth Management LLC grew its stake in Southern Company (The) by 8.9% during the 1st quarter. Confluence Wealth Management LLC now owns 4,596 shares of the utilities provider’s stock worth $229,000 after buying an additional 374 shares during the last quarter. Hedge funds and other institutional investors own 53.27% of the company’s stock.

A number of equities analysts recently commented on the company. Credit Suisse Group upgraded Southern Company (The) from an “underperform” rating to a “neutral” rating in a report on Thursday, August 3rd. BidaskClub downgraded Southern Company (The) from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Jefferies Group LLC restated a “buy” rating and set a $55.00 target price on shares of Southern Company (The) in a report on Wednesday, July 19th. Citigroup Inc. upped their target price on Southern Company (The) from $42.00 to $43.00 and gave the company a “sell” rating in a report on Wednesday, July 26th. Finally, J P Morgan Chase & Co assumed coverage on Southern Company (The) in a report on Tuesday, August 8th. They set an “overweight” rating and a $16.78 target price for the company. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $49.44.

About Southern Company (The)

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.

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

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