Campbell & CO Investment Adviser LLC Takes $1.06 Million Position in The Southern Company (NYSE:SO)

Campbell & CO Investment Adviser LLC acquired a new stake in The Southern Company (NYSE:SO) during the 2nd quarter, Holdings Channel reports. The institutional investor acquired 17,450 shares of the utilities provider’s stock, valued at approximately $1,056,000.

Other institutional investors also recently added to or reduced their stakes in the company. Capital Advisors Inc. OK lifted its position in The Southern by 4.7% during the 2nd quarter. Capital Advisors Inc. OK now owns 444,903 shares of the utilities provider’s stock worth $26,921,000 after acquiring an additional 20,041 shares in the last quarter. Horizon Investments LLC acquired a new position in The Southern during the 1st quarter worth approximately $1,132,000. Canada Pension Plan Investment Board lifted its position in The Southern by 27.3% during the 1st quarter. Canada Pension Plan Investment Board now owns 2,405,372 shares of the utilities provider’s stock worth $149,518,000 after acquiring an additional 516,261 shares in the last quarter. InterOcean Capital Group LLC lifted its position in The Southern by 4.3% during the 1st quarter. InterOcean Capital Group LLC now owns 580,080 shares of the utilities provider’s stock worth $36,058,000 after acquiring an additional 23,667 shares in the last quarter. Finally, Biondo Investment Advisors LLC lifted its position in The Southern by 5.0% during the 2nd quarter. Biondo Investment Advisors LLC now owns 102,242 shares of the utilities provider’s stock worth $6,251,000 after acquiring an additional 4,869 shares in the last quarter. 59.30% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE SO traded up $0.16 during trading on Wednesday, reaching $63.97. The stock had a trading volume of 101,839 shares, compared to its average volume of 4,025,766. The Southern Company has a one year low of $52.01 and a one year high of $67.54. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.65 and a current ratio of 0.82. The stock has a market cap of $67.73 billion, a PE ratio of 21.55, a P/E/G ratio of 4.01 and a beta of 0.45. The firm’s 50 day moving average price is $65.10 and its two-hundred day moving average price is $63.77.

The Southern (NYSE:SO) last issued its quarterly earnings results on Thursday, July 29th. The utilities provider reported $0.84 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.05. The business had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5 billion. The Southern had a return on equity of 11.43% and a net margin of 14.47%. On average, research analysts expect that The Southern Company will post 3.35 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 7th. Investors of record on Monday, August 16th were paid a dividend of $0.66 per share. The ex-dividend date of this dividend was Friday, August 13th. This represents a $2.64 dividend on an annualized basis and a yield of 4.13%. The Southern’s payout ratio is currently 81.23%.

In other The Southern news, EVP Bryan D. Anderson sold 22,510 shares of the business’s stock in a transaction on Tuesday, September 7th. The stock was sold at an average price of $66.87, for a total transaction of $1,505,243.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Stephen E. Kuczynski sold 2,500 shares of the business’s stock in a transaction on Friday, September 10th. The stock was sold at an average price of $67.04, for a total value of $167,600.00. Following the transaction, the chief executive officer now owns 89,151 shares of the company’s stock, valued at approximately $5,976,683.04. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 87,247 shares of company stock valued at $5,813,034. 0.43% of the stock is owned by company insiders.

SO has been the topic of several recent research reports. Wells Fargo & Company reissued a “buy” rating on shares of The Southern in a research report on Monday, August 2nd. Barclays lifted their price objective on The Southern from $70.00 to $76.00 and gave the stock an “overweight” rating in a report on Tuesday, May 25th. Mizuho lifted their price objective on The Southern from $57.00 to $60.00 and gave the stock an “underperform” rating in a report on Monday, August 30th. Morgan Stanley dropped their price objective on The Southern from $64.00 to $63.00 and set an “underweight” rating on the stock in a report on Friday, September 17th. Finally, Guggenheim upgraded The Southern from a “neutral” rating to a “buy” rating and set a $72.00 price objective on the stock in a report on Tuesday, September 7th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $68.62.

The Southern Company Profile

The Southern Co is a holding company. The firm engages in the sale of electricity. It operates through the following segments: Traditional Electric Operating Companies, Southern Power and Southern Company Gas. The Traditional Electric Operating Companies segment refers to vertically integrated utilities that own generation, transmission and distribution facilities, and supplies electric services in the states of Alabama, Georgia, Florida, and Mississippi.

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

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