Southern Company (The) (NYSE:SO) VP James Y. Kerr II sold 25,000 shares of Southern Company (The) stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $52.16, for a total transaction of $1,304,000.00. Following the sale, the vice president now owns 26,000 shares in the company, valued at $1,356,160. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Southern Company (NYSE:SO) traded up 0.31% during mid-day trading on Tuesday, hitting $52.36. The stock had a trading volume of 4,261,265 shares. The stock has a market cap of $52.33 billion, a price-to-earnings ratio of 86.12 and a beta of 0.13. Southern Company has a 12 month low of $46.20 and a 12 month high of $52.41. The stock’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 released its earnings results on Wednesday, August 2nd. The utilities provider reported $0.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.02. The firm had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $5.23 billion. Southern Company (The) had a return on equity of 11.30% and a net margin of 2.93%. The company’s revenue for the quarter was up 21.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.74 EPS. On average, analysts predict that Southern Company will post $2.95 earnings per share for the current year.

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

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SO has been the subject of several research analyst reports. Guggenheim upgraded shares of Southern Company (The) from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $49.00 to $56.00 in a research note on Thursday, September 14th. Citigroup Inc. reiterated a “sell” rating and issued a $44.00 target price (up previously from $43.00) on shares of Southern Company (The) in a research note on Tuesday, October 3rd. Zacks Investment Research lowered shares of Southern Company (The) from a “buy” rating to a “hold” rating in a research note on Friday, October 13th. BidaskClub upgraded shares of Southern Company (The) from a “strong sell” rating to a “sell” rating in a research note on Monday, July 24th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $55.00 target price on shares of Southern Company (The) in a research note on Wednesday, July 19th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the stock. Southern Company (The) currently has an average rating of “Hold” and an average target price of $49.72.

Institutional investors have recently made changes to their positions in the business. Chicago Partners Investment Group LLC bought a new position in Southern Company (The) in the 2nd quarter valued at $100,000. Symmetry Partners LLC bought a new position in Southern Company (The) in the 1st quarter valued at $103,000. Farmers & Merchants Trust Co of Chambersburg PA bought a new position in Southern Company (The) in the 3rd quarter valued at $105,000. Stuart Chaussee & Associates Inc. grew its position in Southern Company (The) by 358.8% in the 1st quarter. Stuart Chaussee & Associates Inc. now owns 2,225 shares of the utilities provider’s stock valued at $111,000 after acquiring an additional 1,740 shares during the last quarter. Finally, IHT Wealth Management LLC grew its position in Southern Company (The) by 15.3% in the 1st quarter. IHT Wealth Management LLC now owns 2,281 shares of the utilities provider’s stock valued at $115,000 after acquiring an additional 302 shares during the last quarter. 53.27% of the stock is currently owned by institutional investors.

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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