Mariner Wealth Advisors LLC Trims Holdings in Southern Company (The) (NYSE:SO)

Mariner Wealth Advisors LLC lowered its stake in Southern Company (The) (NYSE:SO) by 50.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,785 shares of the utilities provider’s stock after selling 9,873 shares during the period. Mariner Wealth Advisors LLC’s holdings in Southern Company (The) were worth $469,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Quantbot Technologies LP lifted its position in shares of Southern Company (The) by 994.8% in the second quarter. Quantbot Technologies LP now owns 107,283 shares of the utilities provider’s stock worth $5,136,000 after buying an additional 97,484 shares during the last quarter. M&T Bank Corp lifted its position in shares of Southern Company (The) by 1.5% in the second quarter. M&T Bank Corp now owns 563,197 shares of the utilities provider’s stock worth $26,965,000 after buying an additional 8,085 shares during the last quarter. Wealthfront Inc. lifted its position in shares of Southern Company (The) by 6.4% in the second quarter. Wealthfront Inc. now owns 29,560 shares of the utilities provider’s stock worth $1,415,000 after buying an additional 1,771 shares during the last quarter. Woodley Farra Manion Portfolio Management Inc. lifted its position in shares of Southern Company (The) by 0.8% in the second quarter. Woodley Farra Manion Portfolio Management Inc. now owns 72,708 shares of the utilities provider’s stock worth $3,481,000 after buying an additional 593 shares during the last quarter. Finally, MML Investors Services LLC lifted its position in shares of Southern Company (The) by 9.0% in the second quarter. MML Investors Services LLC now owns 109,444 shares of the utilities provider’s stock worth $5,240,000 after buying an additional 9,041 shares during the last quarter. 52.88% of the stock is owned by institutional investors.

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In other news, VP James Y. Kerr II sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $52.16, for a total value of $1,304,000.00. Following the transaction, the vice president now directly owns 26,000 shares of the company’s stock, valued at approximately $1,356,160. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO William P. Bowers sold 85,151 shares of the business’s stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $50.00, for a total value of $4,257,550.00. The disclosure for this sale can be found here. Insiders have sold 213,813 shares of company stock worth $11,029,988 over the last ninety days. Company insiders own 0.74% of the company’s stock.

A number of research firms have recently commented on SO. Royal Bank Of Canada reiterated a “hold” rating and issued a $53.00 price objective on shares of Southern Company (The) in a research note on Monday, July 31st. J P Morgan Chase & Co began coverage on Southern Company (The) in a research note on Tuesday, August 8th. They issued an “overweight” rating and a $16.78 price objective on the stock. BidaskClub upgraded Southern Company (The) from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Credit Suisse Group upgraded Southern Company (The) from an “underperform” rating to a “neutral” rating in a research note on Thursday, August 3rd. Finally, Barclays PLC reiterated a “buy” rating and issued a $54.00 price objective on shares of Southern Company (The) in a research note on Tuesday, July 25th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $49.72.

Southern Company (SO) opened at $51.82 on Tuesday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.57 and a current ratio of 0.73. The stock has a market capitalization of $51,546.34, a PE ratio of 18.68, a P/E/G ratio of 4.64 and a beta of 0.15. Southern Company has a 12 month low of $46.20 and a 12 month high of $53.51.

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

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

Southern Company (The) Company 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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