Hall Capital Management Co. Inc. Purchases Shares of 39,688 Southern Company (The) (SO)

Hall Capital Management Co. Inc. purchased a new stake in shares of Southern Company (The) (NYSE:SO) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 39,688 shares of the company’s stock, valued at approximately $1,952,000. Southern Company (The) comprises approximately 1.9% of Hall Capital Management Co. Inc.’s investment portfolio, making the stock its 19th largest position.

Several other institutional investors have also added to or reduced their stakes in SO. Courier Capital Corp increased 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 worth $371,000 after buying an additional 20 shares in the last quarter. Hussman Strategic Advisors Inc. purchased a new position in shares of Southern Company (The) during the second quarter worth $8,045,000. Bank of New York Mellon Corp increased 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 worth $567,291,000 after buying an additional 57,511 shares in the last quarter. Boston Private Wealth LLC increased 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 worth $611,000 after buying an additional 269 shares in the last quarter. Finally, BB&T Corp increased its position in shares of Southern Company (The) by 7.3% in the second quarter. BB&T Corp now owns 193,893 shares of the company’s stock worth $10,398,000 after buying an additional 13,208 shares in the last quarter. 51.44% of the stock is owned by hedge funds and other institutional investors.

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

Southern Company (NYSE:SO) traded up 0.39% on Friday, hitting $49.05. 3,502,558 shares of the company were exchanged. The stock has a market capitalization of $48.07 billion, a P/E ratio of 18.42 and a beta of 0.05. Southern Company has a 52 week low of $46.20 and a 52 week high of $54.64. The company has a 50 day moving average price of $48.95 and a 200-day moving average price of $50.17.

The company also recently announced a quarterly dividend, which will be paid on Monday, March 6th. Shareholders of record on Tuesday, February 21st will be paid a dividend of $0.56 per share. 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 payout ratio is 83.27%.

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SO has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Southern Company (The) from a “sell” rating to a “buy” rating and set a $55.00 target price for the company in a research note on Monday, January 16th. 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. Citigroup Inc. initiated coverage on shares of Southern Company (The) in a research note on Thursday, December 15th. They set a “sell” rating and a $44.00 target price for the company. Finally, Credit Suisse Group began coverage on shares of Southern Company (The) in a research note on Wednesday, January 25th. They set an “underperform” rating and a $47.00 target price for the company. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $52.92.

In other Southern Company (The) news, CEO William P. Bowers sold 70,680 shares of the firm’s stock in a transaction that occurred on Monday, January 9th. The shares were sold at an average price of $48.88, for a total transaction of $3,454,838.40. Following the sale, the chief executive officer now owns 122,669 shares in the company, valued at approximately $5,996,060.72. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.00% of the stock is currently owned by company insiders.

Southern Company (The) Company Profile

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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