Southern Company (The) (SO) Position Maintained by MEMBERS Trust Co

MEMBERS Trust Co continued to hold its stake in shares of Southern Company (The) (NYSE:SO) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,048 shares of the company’s stock at the end of the third quarter. MEMBERS Trust Co’s holdings in Southern Company (The) were worth $412,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Acropolis Investment Management LLC bought a new stake in shares of Southern Company (The) during the third quarter worth approximately $101,000. CWM LLC raised its stake in shares of Southern Company (The) by 229.9% in the third quarter. CWM LLC now owns 2,039 shares of the company’s stock worth $105,000 after buying an additional 1,421 shares in the last quarter. Ledyard National Bank raised its stake in shares of Southern Company (The) by 112.3% in the third quarter. Ledyard National Bank now owns 2,410 shares of the company’s stock worth $124,000 after buying an additional 1,275 shares in the last quarter. Joel Isaacson & Co. LLC raised its stake in shares of Southern Company (The) by 65.0% in the third quarter. Joel Isaacson & Co. LLC now owns 2,606 shares of the company’s stock worth $134,000 after buying an additional 1,027 shares in the last quarter. Finally, Jackson Grant Investment Advisers Inc. raised its stake in shares of Southern Company (The) by 1.1% in the third quarter. Jackson Grant Investment Advisers Inc. now owns 3,406 shares of the company’s stock worth $175,000 after buying an additional 37 shares in the last quarter. Institutional investors and hedge funds own 51.57% of the company’s stock.

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

Shares of Southern Company (NYSE:SO) traded down 0.29% during mid-day trading on Monday, reaching $48.91. 337,388 shares of the company’s stock traded hands. The company has a 50 day moving average of $48.95 and a 200 day moving average of $50.17. Southern Company has a 12 month low of $46.20 and a 12 month high of $54.64. The company has a market cap of $47.93 billion, a price-to-earnings ratio of 18.37 and a beta of 0.05.

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

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

In other news, CEO William P. Bowers sold 70,680 shares of the firm’s stock in a transaction on Monday, January 9th. The stock was sold at an average price of $48.88, for a total transaction of $3,454,838.40. Following the completion of the sale, 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 legal filing with the SEC, which is available at the SEC website. Company 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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