Oliver Lagore Vanvalin Investment Group owns $390,000 in The Southern Company (NYSE:SO)

Oliver Lagore Vanvalin Investment Group raised its stake in shares of The Southern Company (NYSE:SO – Free Report) by 40.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). . . The firm owned 5,024 shares of the utilities provider’s stock after acquiring an additional 1,450 shares during the quarter. Oliver Lagore Vanvalin Investment Group’s holdings in Southern were worth $390,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of SO. Sanibel Captiva Trust Company Inc. bought a new position in Southern in the 4th quarter valued at approximately $16,067,000. Intech Investment Management LLC boosted its holdings in Southern by 382.0% in the first quarter. Intech Investment Management LLC now owns 41,790 shares of the utilities provider’s stock valued at $2,998,000 after buying an additional 33,120 shares during the last quarter. Nwam LLC grew its position in Southern by 8.8% in the first quarter. Nwam LLC now owns 11,605 shares of the utilities provider’s stock worth $890,000 after purchasing an additional 937 shares during the period. Angeles Investment Advisors LLC raised its stake in Southern by 13.3% in the fourth quarter. Angeles Investment Advisors LLC now owns 5,202 shares of the utilities provider’s stock valued at $365,000 after acquiring an additional 612 shares during the last quarter. Finally, State of Tennessee Treasury Department increased its position in Southern by 2.6% during the fourth quarter. State of Tennessee Treasury Department now owns 514,766 shares of the utilities provider’s stock worth $36,095,000 after acquiring an additional 12,849 shares during the period. 64.10% of shares are owned by institutional investors.

Insider buying and selling

In other Southern news, EVP Bryan D. Anderson sold 6,565 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $89.54, for a total value of $587,830.10. Following the completion of the transaction, the executive vice president now directly owns 44,467 shares in the company, valued at approximately $3,981,575.18. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Southern news, CEO Anthony L. Wilson sold 6,900 shares of Southern stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $77.61, for a total transaction of $535,509.00. Following the transaction, the chief executive officer now directly owns 85,309 shares of the company’s stock, valued at approximately $6,620,831.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed via this link. Also, EVP Bryan D. Anderson sold 6,565 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $89.54, for a total value of $587,830.10. Following the completion of the sale, the executive vice president now directly owns 44,467 shares of the company’s stock, valued at approximately $3,981,575.18. The disclosure for this sale can be found here. Insiders have sold a total of 27,845 shares of company stock worth $2,266,455 over the last ninety days. Company insiders own 0.18% of the company’s shares.

Changes in Analyst Ratings

Several equities research analysts have recently issued reports on the company. Mizuho cut Southern from an “outperform” rating to a “neutral” rating and set a $90.00 target price for the company. in a research note on Monday, September 16th. Wells Fargo & Company upped their target price on Southern from $77.00 to $89.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. Morgan Stanley boosted their price objective on shares of Southern from $78.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Wednesday. BMO Capital Markets upped their target price on shares of Southern from $87.00 to $94.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Finally, Bank of America upped their target price on shares of Southern from $86.00 to $87.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $86.60, based on data from MarketBeat.

Read our latest research report on SO

Performance of the South shares

NYSE SO opened at $90.10 on Friday. Southern Company has a fifty-two week low of $61.56 and a fifty-two week high of $90.85. The stock has a market cap of $98.52 billion, a PE ratio of 23.28, a PEG ratio of 3.21 and a beta of 0.52. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.66, and a current ratio of 0.91. The company’s fifty day moving average price is $86.89 and its two hundred day moving average price is $79.38.

Southern (NYSE:SO – Get Your Free Report ) last posted its earnings results on Thursday, August 1st. The utilities provider reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.19. Southern had a return on equity of 12.88% and a net margin of 17.67%. The business had revenue of $6.46 billion during the quarter, compared to analysts’ expectations of $6.10 billion. In the same quarter last year, the firm earned $0.79 EPS. The company’s revenue for the quarter was up 12.4% compared to the same quarter last year. On average, equities analysts expect that The Southern Company will post 4.02 EPS for the current fiscal year.

Southern announces dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Monday, August 19th were given a $0.72 dividend. The ex-dividend date of this dividend was Monday, August 19. This represents a dividend of $2.88 on an annualized basis and a yield of 3.20%. Southern’s dividend payout ratio (DPR) is currently 74.42%.

About the south

(Free Report)

The Southern Company, through its subsidiaries, engages in the generation, transmission and distribution of electricity. The company also develops, builds, acquires, owns and manages power generation assets, including renewable energy projects, and sells electricity in the wholesale market; and distributes natural gas in Illinois, Georgia, Virginia and Tennessee, as well as providing gas trading services, gas distribution operations and gas pipeline investment operations.

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