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Multiple hedge funds recently adjusted their positions in Southern Company. Heritage Wealth Management Inc. invested around $372,000, while Sanctuary Advisors LLC acquired stakes worth about $27.4 million. Other investments included $325,000 from Gordian Capital, $60,000 from Strategic Investment Solutions, and $197,000 by Founders Financial Alliance. Institutional investors hold 64.10% of the stock.
Southern Trading Increases 0.8%
Southern (NYSE: SO) shares opened at $90.88, with a 50-day average of $87.42 and a 200-day average of $79.96. The stock has fluctuated from a low of $61.56 to a high of $91.77 over the past year and has a market cap of $99.37 billion.
In August, Southern reported quarterly earnings of $1.10 EPS, surpassing estimates of $0.91, with revenues of $6.46 billion. Analysts predict an annual EPS of 4.02.
Dividend Update
Southern declared a quarterly dividend of $0.72, paid to shareholders on September 6th, yielding 3.17% annually.
Insider Trading
CEO Anthony L. Wilson sold 6,900 shares for $535,509, retaining 85,309 shares valued at about $6.62 million. EVP Bryan D. Anderson sold 6,565 shares for $587,830. Insiders have sold 15,845 shares worth $1.34 million in the past 90 days.
Analyst Ratings
Analysts have varied opinions on SO. Mizuho downgraded it to “neutral” with a $90 target. Analysts rate the stock as “Hold” with an average target of $86.60, with 6 buy ratings.
The Southern Company Overview
Southern Company generates and distributes electricity and natural gas through its subsidiaries and manages renewable energy projects.
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