Nordea Funding Control AB boosted its holdings in The Southern Corporate (NYSE:SO – Unfastened Document) by means of 2.7% all over the second one quarter, HoldingsChannel stories. The fund owned 52,685 stocks of the utilities supplier’s inventory after purchasing an extra 1,379 stocks all over the duration. Nordea Funding Control AB’s holdings in Southern have been value $3,658,000 on the finish of the newest quarter.

Quite a few different huge buyers have additionally lately added to or lowered their stakes within the industry. Worth T Rowe Pals Inc. MD lifted its holdings in Southern by means of 2.1% within the first quarter. Worth T Rowe Pals Inc. MD now owns 61,472,651 stocks of the utilities supplier’s inventory valued at $4,277,269,000 after obtaining an extra 1,283,943 stocks all over the ultimate quarter. FMR LLC grew its stake in stocks of Southern by means of 9.1% within the first quarter. FMR LLC now owns 34,719,486 stocks of the utilities supplier’s inventory valued at $2,415,782,000 after purchasing an extra 2,906,914 stocks within the ultimate quarter. Geode Capital Control LLC raised its holdings in stocks of Southern by means of 3.1% within the 4th quarter. Geode Capital Control LLC now owns 19,514,403 stocks of the utilities supplier’s inventory valued at $1,394,004,000 after purchasing an extra 584,893 stocks all over the duration. Franklin Assets Inc. lifted its stake in Southern by means of 2.3% all over the first quarter. Franklin Assets Inc. now owns 15,428,181 stocks of the utilities supplier’s inventory value $1,073,493,000 after obtaining an extra 349,353 stocks within the ultimate quarter. In the end, Morgan Stanley boosted its holdings in Southern by means of 2.9% all over the 4th quarter. Morgan Stanley now owns 9,190,526 stocks of the utilities supplier’s inventory valued at $656,296,000 after obtaining an extra 255,838 stocks all over the duration. 62.85% of the inventory is recently owned by means of institutional buyers and hedge budget.

Insider Purchasing and Promoting at Southern

In different Southern information, EVP Martin Bernard Davis bought 1,490 stocks of the industry’s inventory in a transaction that took place on Tuesday, September fifth. The inventory was once bought at a mean charge of $67.05, for a complete price of $99,904.50. Following the of entirety of the sale, the chief vice chairman now owns 72,756 stocks within the corporate, valued at $4,878,289.80. The sale was once disclosed in a report filed with the SEC, which is to be had thru this hyperlink. In different Southern information, EVP Martin Bernard Davis bought 1,490 stocks of the industry’s inventory in a transaction that took place on Tuesday, September fifth. The inventory was once bought at a mean charge of $67.05, for a complete price of $99,904.50. Following the of entirety of the sale, the chief vice chairman now owns 72,756 stocks within the corporate, valued at $4,878,289.80. The sale was once disclosed in a report filed with the SEC, which is to be had thru this hyperlink. Additionally, EVP Christopher Cummiskey bought 5,000 stocks of the industry’s inventory in a transaction that took place on Tuesday, August twenty ninth. The stocks have been bought at a mean charge of $68.30, for a complete price of $341,500.00. Following the of entirety of the sale, the chief vice chairman now owns 22,512 stocks of the corporate’s inventory, valued at roughly $1,537,569.60. The disclosure for this sale will also be discovered right here. During the last quarter, insiders bought 41,490 stocks of corporate inventory value $2,934,355. 0.28% of the inventory is owned by means of insiders.

Southern Inventory Efficiency

Stocks of SO opened at $69.89 on Friday. The inventory has a 50 day shifting reasonable charge of $69.44 and a 200 day shifting reasonable charge of $70.20. The corporate has a handy guide a rough ratio of 0.62, a present ratio of 0.83 and a debt-to-equity ratio of one.59. The corporate has a marketplace capitalization of $76.22 billion, a price-to-earnings ratio of 24.70, a price-to-earnings-growth ratio of four.92 and a beta of 0.52. The Southern Corporate has a 52-week low of $58.85 and a 52-week top of $76.54.

Southern (NYSE:SO – Get Unfastened Document) ultimate introduced its quarterly income effects on Thursday, August third. The utilities supplier reported $0.79 income in line with proportion (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by means of $0.05. The company had income of $5.75 billion all over the quarter, in comparison to the consensus estimate of $6.47 billion. Southern had a go back on fairness of 9.86% and a internet margin of eleven.17%. The company’s quarterly income was once down 20.2% in comparison to the similar quarter ultimate yr. Right through the similar duration within the prior yr, the corporate posted $1.07 income in line with proportion. Analysis analysts expect that The Southern Corporate will publish 3.6 EPS for the present fiscal yr.

Southern Publicizes Dividend

The company additionally lately declared a quarterly dividend, which was once paid on Wednesday, September sixth. Traders of document on Monday, August twenty first have been issued a $0.70 dividend. This represents a $2.80 dividend on an annualized foundation and a yield of four.01%. The ex-dividend date of this dividend was once Friday, August 18th. Southern’s dividend payout ratio (DPR) is 98.94%.

Analysts Set New Worth Goals

A number of analysis corporations have weighed in on SO. Morgan Stanley lifted their goal charge on Southern from $67.00 to $69.00 and gave the corporate an “equivalent weight” ranking in a analysis document on Thursday. Guggenheim dropped their goal charge on Southern from $79.00 to $77.00 in a analysis document on Friday, July seventh. StockNews.com started protection on Southern in a analysis document on Saturday, August nineteenth. They issued a “promote” ranking for the corporate. LADENBURG THALM/SH SH started protection on Southern in a analysis document on Wednesday, August ninth. They issued a “purchase” ranking and a $72.00 goal charge for the corporate. In the end, Wells Fargo & Corporate dropped their goal charge on Southern from $75.00 to $74.00 in a analysis document on Friday, August 4th. 3 analysis analysts have rated the inventory with a promote ranking, 5 have assigned a hang ranking, 5 have issued a purchase ranking and one has assigned a robust purchase ranking to the corporate’s inventory. In line with knowledge from MarketBeat, Southern has a mean ranking of “Cling” and a consensus goal charge of $73.27.

Test Out Our Newest Document on Southern

About Southern

(Unfastened Document)

The Southern Corporate, thru its subsidiaries, engages within the era, transmission, and distribution of electrical energy. It operates thru 3 segments: Fuel Distribution Operations, Fuel Pipeline Investments, and Fuel Advertising and marketing Products and services. The corporate additionally develops, constructs, acquires, owns, and manages energy era property, together with renewable power tasks and sells electrical energy within the wholesale marketplace; and distributes herbal fuel in Illinois, Georgia, Virginia, and Tennessee, in addition to supplies fuel advertising services and products, fuel distribution operations, and fuel pipeline investments operations.

Additional Studying

Need to see what different hedge budget are maintaining SO? Consult with HoldingsChannel.com to get the most recent 13F filings and insider trades for The Southern Corporate (NYSE:SO – Unfastened Document).

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