Southern Company (The) (NYSE:SO) insider Ann P. Daiss sold 5,000 shares of Southern Company (The) stock in a transaction on Friday, October 20th. The stock was sold at an average price of $52.28, for a total transaction of $261,400.00. Following the completion of the transaction, the insider now owns 7,394 shares in the company, valued at approximately $386,558.32. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Southern Company (SO) traded up 0.29% during mid-day trading on Tuesday, reaching $52.35. 4,275,382 shares of the company were exchanged. Southern Company has a 12-month low of $46.20 and a 12-month high of $52.41. The stock has a market capitalization of $52.32 billion, a price-to-earnings ratio of 86.10 and a beta of 0.13. The company’s 50 day moving average price is $49.97 and its 200-day moving average price is $49.42.

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

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 6th. Investors of record on Monday, November 20th will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 4.44%. The ex-dividend date of this dividend is Friday, November 17th. Southern Company (The)’s dividend payout ratio is 346.27%.

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Large investors have recently added to or reduced their stakes in the stock. Pathstone Family Office LLC bought a new position in Southern Company (The) during the first quarter worth about $170,000. Epoch Investment Partners Inc. increased its position in Southern Company (The) by 5.0% during the first quarter. Epoch Investment Partners Inc. now owns 3,249,597 shares of the utilities provider’s stock worth $161,765,000 after acquiring an additional 154,093 shares during the period. Pennsylvania Trust Co increased its position in Southern Company (The) by 38.2% during the second quarter. Pennsylvania Trust Co now owns 33,700 shares of the utilities provider’s stock worth $1,614,000 after acquiring an additional 9,314 shares during the period. Cornerstone Capital Inc. increased its position in Southern Company (The) by 1.7% during the second quarter. Cornerstone Capital Inc. now owns 144,546 shares of the utilities provider’s stock worth $6,921,000 after acquiring an additional 2,460 shares during the period. Finally, First National Bank of Omaha increased its position in Southern Company (The) by 0.5% during the second quarter. First National Bank of Omaha now owns 15,070 shares of the utilities provider’s stock worth $721,000 after acquiring an additional 70 shares during the period. 53.27% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages recently commented on SO. Credit Suisse Group upgraded shares of Southern Company (The) from an “underperform” rating to a “neutral” rating in a report on Thursday, August 3rd. Zacks Investment Research downgraded shares of Southern Company (The) from a “hold” rating to a “sell” rating in a report on Tuesday. Bank of America Corporation reiterated an “underperform” rating and issued a $51.00 target price on shares of Southern Company (The) in a report on Tuesday. BidaskClub downgraded shares of Southern Company (The) from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $55.00 target price on shares of Southern Company (The) in a report on Wednesday, July 19th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company. Southern Company (The) presently has an average rating of “Hold” and a consensus target price of $49.72.

Southern Company (The) Company Profile

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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