Southern Company (The) (SO) CEO William P. Bowers Sells 85,151 Shares of Stock

Southern Company (The) (NYSE:SO) CEO William P. Bowers sold 85,151 shares of the company’s stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $50.00, for a total value of $4,257,550.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Southern Company (NYSE:SO) traded up 0.227% during trading on Friday, hitting $50.855. The stock had a trading volume of 1,709,412 shares. The stock’s 50-day moving average is $49.31 and its 200 day moving average is $49.35. Southern Company has a one year low of $46.20 and a one year high of $52.23. The firm has a market cap of $50.83 billion, a price-to-earnings ratio of 83.643 and a beta of 0.13.

Southern Company (The) (NYSE:SO) last posted its quarterly earnings results 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 firm had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.23 billion. During the same quarter in the previous year, the business earned $0.74 earnings per share. The firm’s quarterly revenue was up 21.7% compared to the same quarter last year. Equities analysts anticipate that Southern Company will post $2.95 earnings per share for the current year.

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Hedge funds and other institutional investors have recently modified their holdings of the company. Chicago Partners Investment Group LLC purchased a new stake in shares of Southern Company (The) in the second quarter worth about $100,000. Symmetry Partners LLC purchased a new stake in shares of Southern Company (The) in the first quarter worth about $103,000. Stuart Chaussee & Associates Inc. boosted its position in shares of Southern Company (The) by 358.8% in the first quarter. Stuart Chaussee & Associates Inc. now owns 2,225 shares of the utilities provider’s stock worth $111,000 after buying an additional 1,740 shares during the period. IHT Wealth Management LLC boosted its position in shares of Southern Company (The) by 15.3% in the first quarter. IHT Wealth Management LLC now owns 2,281 shares of the utilities provider’s stock worth $115,000 after buying an additional 302 shares during the period. Finally, Monroe Bank & Trust MI boosted its position in shares of Southern Company (The) by 17.9% in the second quarter. Monroe Bank & Trust MI now owns 2,300 shares of the utilities provider’s stock worth $110,000 after buying an additional 350 shares during the period. 53.27% of the stock is owned by institutional investors.

Several brokerages have issued reports on SO. J P Morgan Chase & Co began coverage on Southern Company (The) in a report on Tuesday, August 8th. They issued an “overweight” rating and a $16.78 target price for the company. Credit Suisse Group upgraded Southern Company (The) from an “underperform” rating to a “neutral” rating in a report on Thursday, August 3rd. Royal Bank Of Canada upgraded Southern Company (The) from a “sector perform” rating to an “outperform” rating and set a $53.00 target price for the company in a report on Friday, September 29th. Citigroup Inc. upped their target price on Southern Company (The) from $42.00 to $43.00 and gave the company a “sell” rating in a report on Wednesday, July 26th. Finally, Morgan Stanley set a $50.00 target price on Southern Company (The) and gave the company a “sell” rating in a report on Thursday, August 10th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the stock. Southern Company (The) presently has an average rating of “Hold” and an average target price of $49.44.

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.

Insider Buying and Selling by Quarter for Southern Company (The) (NYSE:SO)

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