3,987 Shares in Southern Company (The) (SO) Acquired by High Falls Advisors Inc

High Falls Advisors Inc bought a new stake in shares of Southern Company (The) (NYSE:SO) during the third quarter, Holdings Channel reports. The fund bought 3,987 shares of the company’s stock, valued at approximately $205,000.

A number of other hedge funds also recently modified their holdings of the stock. California State Teachers Retirement System boosted its stake in shares of Southern Company (The) by 3.4% in the second quarter. California State Teachers Retirement System now owns 2,050,955 shares of the company’s stock valued at $109,993,000 after buying an additional 66,823 shares during the last quarter. Courier Capital Corp raised its position in shares of Southern Company (The) by 0.3% in the second quarter. Courier Capital Corp now owns 6,914 shares of the company’s stock valued at $371,000 after buying an additional 20 shares during the period. Hussman Strategic Advisors Inc. acquired a new position in shares of Southern Company (The) during the second quarter valued at approximately $8,045,000. Bank of New York Mellon Corp raised its position in shares of Southern Company (The) by 0.5% in the second quarter. Bank of New York Mellon Corp now owns 10,577,864 shares of the company’s stock valued at $567,291,000 after buying an additional 57,511 shares during the period. Finally, Boston Private Wealth LLC raised its position in shares of Southern Company (The) by 2.4% in the second quarter. Boston Private Wealth LLC now owns 11,398 shares of the company’s stock valued at $611,000 after buying an additional 269 shares during the period. Institutional investors own 51.57% of the company’s stock.

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

Southern Company (NYSE:SO) opened at 49.05 on Monday. Southern Company has a 12-month low of $46.20 and a 12-month high of $54.64. The stock has a 50 day moving average price of $48.95 and a 200-day moving average price of $50.17. The stock has a market cap of $48.07 billion, a P/E ratio of 18.42 and a beta of 0.05.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 6th. Investors of record on Tuesday, February 21st will be issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 4.57%. The ex-dividend date is Thursday, February 16th. Southern Company (The)’s dividend payout ratio (DPR) is 83.27%.

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Several research firms recently issued reports on SO. Citigroup Inc. began coverage on Southern Company (The) in a research note on Thursday, December 15th. They set a “sell” rating and a $44.00 target price on the stock. Zacks Investment Research lowered Southern Company (The) from a “buy” rating to a “hold” rating in a research note on Wednesday, October 26th. Credit Suisse Group began coverage on Southern Company (The) in a research note on Wednesday, January 25th. They set an “underperform” rating and a $47.00 target price on the stock. Finally, RBC Capital Markets reissued a “hold” rating and set a $54.00 target price on shares of Southern Company (The) in a research note on Wednesday, January 4th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $52.92.

In related news, CEO William P. Bowers sold 70,680 shares of the stock in a transaction that occurred on Monday, January 9th. The stock was sold at an average price of $48.88, for a total value of $3,454,838.40. Following the completion of the transaction, the chief executive officer now directly owns 122,669 shares of the company’s stock, valued at approximately $5,996,060.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate 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 operating companies and Southern Power Company (Southern Power), and owns other direct and indirect subsidiaries. Southern Company’s segments include the sale of electricity by four traditional operating companies, Southern Power and All Other.

5 Day Chart for NYSE:SO

Want to see what other hedge funds are holding SO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Southern Company (The) (NYSE:SO).

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