Angeles Investment Advisors LLC Purchases 164 Shares of The Southern Company (NYSE:SO)

Angeles Investment Advisors LLC raised its position in shares of The Southern Company (NYSE:SO) by 2.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,019 shares of the utilities provider’s stock after acquiring an additional 164 shares during the quarter. Angeles Investment Advisors LLC’s holdings in Southern were worth $633,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of SO. Capital International Investors lifted its holdings in shares of Southern by 45.9% during the first quarter. Capital International Investors now owns 23,994,733 shares of the utilities provider’s stock valued at $1,721,382,000 after purchasing an additional 7,550,570 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Southern by 8,741.6% during the third quarter. International Assets Investment Management LLC now owns 1,502,813 shares of the utilities provider’s stock valued at $135,524,000 after purchasing an additional 1,485,816 shares during the last quarter. 1832 Asset Management L.P. lifted its holdings in shares of Southern by 2,719.7% during the second quarter. 1832 Asset Management L.P. now owns 872,373 shares of the utilities provider’s stock valued at $67,670,000 after purchasing an additional 841,435 shares during the last quarter. Wulff Hansen & CO. lifted its holdings in shares of Southern by 7,657.0% during the second quarter. Wulff Hansen & CO. now owns 571,148 shares of the utilities provider’s stock valued at $44,304,000 after purchasing an additional 563,785 shares during the last quarter. Finally, Capital Research Global Investors lifted its holdings in shares of Southern by 35.0% during the first quarter. Capital Research Global Investors now owns 1,929,980 shares of the utilities provider’s stock valued at $138,457,000 after purchasing an additional 500,000 shares during the last quarter. 64.10% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SO. The Goldman Sachs Group lifted their target price on shares of Southern from $83.00 to $94.00 and gave the company a “buy” rating in a report on Friday, August 2nd. BMO Capital Markets lowered their target price on shares of Southern from $99.00 to $97.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Wolfe Research lowered shares of Southern from an “outperform” rating to a “peer perform” rating in a report on Friday, August 2nd. Mizuho lowered shares of Southern from an “outperform” rating to a “neutral” rating and set a $90.00 price objective for the company. in a report on Monday, September 16th. Finally, Wells Fargo & Company boosted their price objective on shares of Southern from $77.00 to $89.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $89.27.

Insider Transactions at Southern

In other news, CEO James Y. Kerr II sold 30,000 shares of Southern stock in a transaction on Friday, October 4th. The shares were sold at an average price of $89.64, for a total transaction of $2,689,200.00. Following the completion of the sale, the chief executive officer now directly owns 145,088 shares in the company, valued at approximately $13,005,688.32. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO James Y. Kerr II sold 30,000 shares of the business’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of $89.64, for a total transaction of $2,689,200.00. Following the completion of the transaction, the chief executive officer now directly owns 145,088 shares in the company, valued at $13,005,688.32. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Bryan D. Anderson sold 6,565 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $89.54, for a total transaction of $587,830.10. Following the transaction, the executive vice president now owns 44,467 shares of the company’s stock, valued at $3,981,575.18. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.

Southern Stock Up 0.1 %

Shares of NYSE SO traded up $0.11 during midday trading on Wednesday, reaching $87.82. 71,966 shares of the company’s stock traded hands, compared to its average volume of 4,433,359. The company has a quick ratio of 0.66, a current ratio of 0.91 and a debt-to-equity ratio of 1.66. The stock’s 50 day simple moving average is $89.97 and its 200-day simple moving average is $83.99. The Southern Company has a one year low of $65.80 and a one year high of $94.45. The company has a market cap of $96.22 billion, a price-to-earnings ratio of 20.40, a P/E/G ratio of 3.14 and a beta of 0.52.

Southern (NYSE:SO) last announced its earnings results on Thursday, October 31st. The utilities provider reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.10. Southern had a net margin of 17.87% and a return on equity of 12.78%. The company had revenue of $7.27 billion during the quarter, compared to the consensus estimate of $7.14 billion. During the same period last year, the firm earned $1.42 earnings per share. Southern’s revenue was up 4.2% compared to the same quarter last year. On average, analysts predict that The Southern Company will post 4.04 EPS for the current fiscal year.

Southern Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Monday, November 18th will be paid a dividend of $0.72 per share. The ex-dividend date is Monday, November 18th. This represents a $2.88 annualized dividend and a dividend yield of 3.28%. Southern’s payout ratio is currently 66.98%.

Southern Profile

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.