Southern Company (The) $SO Shares Sold by RDA Financial Network

RDA Financial Network trimmed its position in Southern Company (The) (NYSE:SO) by 82.1% in the second quarter, Holdings Channel reports. The firm owned 4,038 shares of the utilities provider’s stock after selling 18,532 shares during the quarter. RDA Financial Network’s holdings in Southern were worth $386,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Uptick Partners LLC increased its holdings in shares of Southern by 1.5% in the 1st quarter. Uptick Partners LLC now owns 7,601 shares of the utilities provider’s stock valued at $734,000 after acquiring an additional 110 shares during the last quarter. Seelaus Asset Management LLC raised its holdings in shares of Southern by 2.4% during the first quarter. Seelaus Asset Management LLC now owns 4,923 shares of the utilities provider’s stock worth $475,000 after purchasing an additional 115 shares during the period. KCM Investment Advisors LLC lifted its position in shares of Southern by 0.3% in the 1st quarter. KCM Investment Advisors LLC now owns 34,328 shares of the utilities provider’s stock worth $3,313,000 after buying an additional 115 shares during the last quarter. Stokes Family Office LLC boosted its holdings in shares of Southern by 0.7% in the 4th quarter. Stokes Family Office LLC now owns 15,994 shares of the utilities provider’s stock valued at $1,395,000 after buying an additional 115 shares during the period. Finally, Leonteq Securities AG grew its position in shares of Southern by 4.7% during the 1st quarter. Leonteq Securities AG now owns 2,657 shares of the utilities provider’s stock valued at $256,000 after buying an additional 119 shares during the last quarter. Institutional investors own 64.10% of the company’s stock.

Southern Price Performance

Shares of SO opened at $93.49 on Wednesday. Southern Company has a one year low of $83.80 and a one year high of $100.83. The stock’s fifty day moving average is $94.55 and its 200-day moving average is $94.12. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.59 and a current ratio of 0.79. The firm has a market capitalization of $107.54 billion, a price-to-earnings ratio of 22.42, a price-to-earnings-growth ratio of 1.79 and a beta of 0.34.

Southern (NYSE:SO) last posted its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.12. The business had revenue of $6.98 billion during the quarter, compared to the consensus estimate of $7.23 billion. Southern had a net margin of 15.43% and a return on equity of 12.93%. During the same quarter in the prior year, the company posted $0.79 earnings per share. The company’s quarterly revenue was up .1% compared to the same quarter last year. Equities analysts anticipate that Southern Company will post 4.58 EPS for the current year.

Southern Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 17th will be issued a dividend of $0.76 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $3.04 annualized dividend and a yield of 3.3%. Southern’s payout ratio is presently 72.90%.

Wall Street Analyst Weigh In

A number of brokerages have commented on SO. Truist Financial decreased their target price on Southern from $103.00 to $100.00 and set a “hold” rating for the company in a research note on Friday, May 29th. Jefferies Financial Group set a $99.00 price objective on Southern in a research note on Monday, June 22nd. KeyCorp cut Southern from a “sector weight” rating to an “underweight” rating and set a $79.00 target price on the stock. in a research note on Thursday, July 23rd. Morgan Stanley restated an “underweight” rating on shares of Southern in a research report on Wednesday, July 22nd. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $104.00 price objective on shares of Southern in a research report on Friday, May 1st. Seven research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $100.26.

About Southern

Southern Company (NYSE: SO) is an Atlanta-based energy holding company that provides electric and gas utility services and owns power generation assets across the United States. Founded in 1945, the company operates a portfolio of regulated electric utilities and affiliated businesses that generate, transmit and distribute electricity to residential, commercial and industrial customers.

Southern’s principal regulated electric subsidiaries include Georgia Power, Alabama Power and Mississippi Power, which serve large portions of the southeastern United States.