Cubist Systematic Strategies LLC Grows Holdings in Southern Company (The) (SO)

Cubist Systematic Strategies LLC raised its holdings in shares of Southern Company (The) (NYSE:SO) by 149.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 103,405 shares of the utilities provider’s stock after purchasing an additional 61,933 shares during the period. Cubist Systematic Strategies LLC’s holdings in Southern Company (The) were worth $4,951,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. Captrust Financial Advisors bought a new stake in shares of Southern Company (The) in the 2nd quarter valued at about $854,000. Fiera Capital Corp increased its stake in shares of Southern Company (The) by 4.3% in the 2nd quarter. Fiera Capital Corp now owns 34,294 shares of the utilities provider’s stock valued at $1,642,000 after acquiring an additional 1,399 shares during the last quarter. Jackson Grant Investment Advisers Inc. increased its stake in shares of Southern Company (The) by 1.2% in the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 3,317 shares of the utilities provider’s stock valued at $159,000 after acquiring an additional 38 shares during the last quarter. Pathstone Family Office LLC bought a new stake in shares of Southern Company (The) in the 1st quarter valued at about $170,000. Finally, Epoch Investment Partners Inc. increased its stake in shares of Southern Company (The) by 5.0% in the 1st quarter. Epoch Investment Partners Inc. now owns 3,249,597 shares of the utilities provider’s stock valued at $161,765,000 after acquiring an additional 154,093 shares during the last quarter. Institutional investors own 52.88% of the company’s stock.

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In other news, CEO William P. Bowers sold 85,151 shares of the firm’s stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $50.00, for a total transaction of $4,257,550.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ann P. Daiss sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $52.28, for a total transaction of $261,400.00. Following the transaction, the insider now directly owns 7,394 shares of the company’s stock, valued at $386,558.32. The disclosure for this sale can be found here. Insiders have sold a total of 213,813 shares of company stock valued at $11,029,988 over the last ninety days. Company insiders own 0.74% of the company’s stock.

A number of analysts have recently commented on the company. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $53.00 price target on shares of Southern Company (The) in a research note on Monday, July 31st. J P Morgan Chase & Co assumed coverage on Southern Company (The) in a research note on Tuesday, August 8th. They issued an “overweight” rating and a $16.78 price target for the company. BidaskClub raised Southern Company (The) from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Credit Suisse Group raised Southern Company (The) from an “underperform” rating to a “neutral” rating in a research note on Thursday, August 3rd. Finally, Zacks Investment Research raised Southern Company (The) from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the stock. Southern Company (The) has a consensus rating of “Hold” and an average target price of $49.72.

Southern Company (SO) opened at $51.82 on Tuesday. The firm has a market cap of $51,546.34, a P/E ratio of 18.68, a PEG ratio of 4.64 and a beta of 0.15. Southern Company has a 52 week low of $46.20 and a 52 week high of $53.51. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.57 and a current ratio of 0.73.

Southern Company (The) (NYSE:SO) last issued its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.04. The company had revenue of $6.20 billion during the quarter, compared to analysts’ expectations of $6.16 billion. Southern Company (The) had a net margin of 2.59% and a return on equity of 10.81%. The business’s quarterly revenue was down 1.0% on a year-over-year basis. During the same period last year, the business earned $1.27 EPS. equities research analysts predict that Southern Company will post 2.95 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Monday, November 20th will be paid a dividend of $0.58 per share. The ex-dividend date is Friday, November 17th. This represents a $2.32 annualized dividend and a dividend yield of 4.48%. Southern Company (The)’s dividend payout ratio is currently 414.29%.

Southern Company (The) 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.

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

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