United Services Automobile Association Has $32.71 Million Stake in Southern Company (The) (SO)

United Services Automobile Association decreased its position in shares of Southern Company (The) (NYSE:SO) by 2.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 657,128 shares of the utilities provider’s stock after selling 13,380 shares during the period. United Services Automobile Association owned about 0.07% of Southern Company (The) worth $32,712,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Gradient Investments LLC raised its stake in shares of Southern Company (The) by 28.0% in the first quarter. Gradient Investments LLC now owns 5,378 shares of the utilities provider’s stock worth $268,000 after buying an additional 1,178 shares during the last quarter. Bank of Montreal Can raised its stake in Southern Company (The) by 0.8% in the first quarter. Bank of Montreal Can now owns 1,598,607 shares of the utilities provider’s stock valued at $79,579,000 after buying an additional 12,049 shares during the last quarter. Mitchell Mcleod Pugh & Williams Inc. raised its stake in Southern Company (The) by 0.3% in the first quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 37,566 shares of the utilities provider’s stock valued at $1,870,000 after buying an additional 101 shares during the last quarter. Univest Corp of Pennsylvania raised its stake in Southern Company (The) by 4.6% in the first quarter. Univest Corp of Pennsylvania now owns 9,281 shares of the utilities provider’s stock valued at $462,000 after buying an additional 404 shares during the last quarter. Finally, National Pension Service raised its stake in Southern Company (The) by 11.4% in the first quarter. National Pension Service now owns 701,557 shares of the utilities provider’s stock valued at $34,846,000 after buying an additional 71,931 shares during the last quarter. 52.83% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Southern Company (SO) traded down 0.407% on Friday, reaching $47.725. 471,849 shares of the company’s stock traded hands. The firm has a market capitalization of $47.70 billion, a P/E ratio of 78.495 and a beta of 0.12. The firm’s 50 day moving average is $47.97 and its 200 day moving average is $49.47. Southern Company has a 52 week low of $46.20 and a 52 week high of $53.73.

Southern Company (The) (NYSE:SO) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates of $5.23 billion. During the same quarter in the previous year, the firm posted $0.74 EPS. The business’s revenue for the quarter was up 21.7% compared to the same quarter last year. Analysts expect that Southern Company will post $2.95 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 6th. Investors of record on Monday, August 21st will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Thursday, August 17th. This represents a $2.32 dividend on an annualized basis and a yield of 4.84%. Southern Company (The)’s dividend payout ratio is currently 346.27%.

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Several research firms recently commented on SO. J P Morgan Chase & Co initiated coverage on shares of Southern Company (The) in a research note on Tuesday, August 8th. They set an “overweight” rating and a $16.78 price objective on the stock. Credit Suisse Group upgraded shares of Southern Company (The) from an “underperform” rating to a “neutral” rating in a research report on Thursday, August 3rd. Zacks Investment Research lowered shares of Southern Company (The) from a “hold” rating to a “sell” rating in a research report on Tuesday, April 25th. Morgan Stanley upped their price target on shares of Southern Company (The) from $50.00 to $51.00 and gave the stock an “underweight” rating in a research report on Monday, May 8th. Finally, Barclays PLC reiterated a “buy” rating and issued a $55.00 price target on shares of Southern Company (The) in a research report on Monday, May 15th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $48.79.

In related news, insider Ann P. Daiss sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $51.28, for a total transaction of $256,400.00. Following the completion of the transaction, the insider now owns 7,394 shares in the company, valued at approximately $379,164.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Christopher C. Womack sold 75,144 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $49.29, for a total value of $3,703,847.76. Following the transaction, the executive vice president now owns 85,298 shares of the company’s stock, valued at approximately $4,204,338.42. The disclosure for this sale can be found here. Insiders have sold a total of 152,084 shares of company stock valued at $7,665,158 in the last 90 days. Insiders own 1.00% of the company’s stock.

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.

Institutional Ownership by Quarter for Southern Company (The) (NYSE:SO)

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