California State Teachers Retirement System grew its position in Southern Co (NYSE:SO) by 0.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,708,050 shares of the utilities provider’s stock after purchasing an additional 11,017 shares during the period. California State Teachers Retirement System owned approximately 0.17% of Southern worth $82,140,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Gotham Asset Management LLC lifted its position in Southern by 53.9% during the 2nd quarter. Gotham Asset Management LLC now owns 10,972 shares of the utilities provider’s stock worth $525,000 after acquiring an additional 3,842 shares in the last quarter. First Commonwealth Financial Corp PA acquired a new position in Southern during the 2nd quarter worth approximately $226,000. Green Square Capital LLC lifted its position in Southern by 15.3% during the 2nd quarter. Green Square Capital LLC now owns 23,733 shares of the utilities provider’s stock worth $1,136,000 after acquiring an additional 3,148 shares in the last quarter. Carret Asset Management LLC lifted its position in Southern by 10.7% during the 2nd quarter. Carret Asset Management LLC now owns 107,827 shares of the utilities provider’s stock worth $5,163,000 after acquiring an additional 10,405 shares in the last quarter. Finally, Sciencast Management LP lifted its position in Southern by 99.0% during the 2nd quarter. Sciencast Management LP now owns 33,926 shares of the utilities provider’s stock worth $1,624,000 after acquiring an additional 16,877 shares in the last quarter. 56.44% of the stock is currently owned by institutional investors and hedge funds.
Shares of Southern Co (SO) opened at $43.82 on Tuesday. Southern Co has a twelve month low of $42.38 and a twelve month high of $53.51. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.74 and a quick ratio of 0.59. The firm has a market capitalization of $44,180.00, a P/E ratio of 78.25, a PEG ratio of 3.35 and a beta of 0.07.
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 6th. Stockholders of record on Tuesday, February 20th were issued a $0.58 dividend. The ex-dividend date was Friday, February 16th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 5.29%. Southern’s dividend payout ratio (DPR) is 414.29%.
Several equities analysts recently commented on SO shares. Zacks Investment Research lowered Southern from a “hold” rating to a “sell” rating in a research report on Monday, January 15th. Goldman Sachs Group reaffirmed a “sell” rating on shares of Southern in a research report on Wednesday, January 10th. Mizuho reaffirmed a “buy” rating and issued a $52.00 target price on shares of Southern in a research report on Tuesday, December 26th. JPMorgan Chase & Co. began coverage on Southern in a research report on Friday, January 12th. They issued an “underweight” rating and a $46.00 target price on the stock. Finally, Guggenheim reaffirmed a “buy” rating and issued a $52.00 target price on shares of Southern in a research report on Wednesday, January 3rd. Seven analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $49.41.
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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.
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