Integrated Wealth Concepts LLC Has $8.86 Million Stock Holdings in Southern Company (The) $SO

Integrated Wealth Concepts LLC boosted its position in Southern Company (The) (NYSE:SO) by 17.3% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 92,556 shares of the utilities provider’s stock after acquiring an additional 13,622 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Southern were worth $8,859,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Uptick Partners LLC grew its stake in Southern by 1.5% in the first 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 period. Seelaus Asset Management LLC raised its position 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 holdings 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 purchasing an additional 115 shares in the last quarter. Stokes Family Office LLC raised its holdings in Southern by 0.7% during the fourth quarter. Stokes Family Office LLC now owns 15,994 shares of the utilities provider’s stock worth $1,395,000 after buying an additional 115 shares during the last quarter. Finally, Leonteq Securities AG lifted its stake in shares of Southern by 4.7% in the first 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 in the last quarter. 64.10% of the stock is owned by institutional investors and hedge funds.

Southern Stock Down 0.6%

SO opened at $87.82 on Friday. Southern Company has a fifty-two week low of $83.80 and a fifty-two week high of $100.83. The firm has a market capitalization of $101.02 billion, a P/E ratio of 21.06, a PEG ratio of 2.35 and a beta of 0.33. The company’s 50-day moving average is $92.75 and its 200 day moving average is $94.12. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.79 and a quick ratio of 0.59.

Southern (NYSE:SO) last issued its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. The firm’s quarterly revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.79 EPS. Research analysts expect that Southern Company will post 4.59 earnings per share for the current fiscal year.

Southern Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 8th. Investors of record on Monday, August 17th were given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Monday, August 17th. Southern’s dividend payout ratio (DPR) is presently 72.90%.

Wall Street Analyst Weigh In

Several research firms have recently commented on SO. JPMorgan Chase & Co. boosted their target price on shares of Southern from $101.00 to $104.00 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. Mizuho set a $106.00 price target on Southern in a research note on Friday, July 31st. KeyCorp lowered Southern from a “sector weight” rating to an “underweight” rating and set a $79.00 price objective for the company. in a report on Thursday, July 23rd. Morgan Stanley lowered their price objective on Southern from $92.00 to $89.00 and set an “underweight” rating for the company in a research note on Friday, August 21st. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Southern in a research report on Wednesday, July 29th. Seven equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $100.09.

Southern Profile

Southern Company (NYSE:SO) is an energy holding company that provides electricity and natural gas services through a group of regulated utility subsidiaries. Its electric utilities generate, transmit and distribute power to residential, commercial and industrial customers, while its gas businesses distribute natural gas and provide related energy services.

The company’s principal electric subsidiaries include Alabama Power, Georgia Power and Mississippi Power. Southern Company also operates Southern Nuclear, which manages the company’s nuclear generation interests, including the Vogtle nuclear expansion in Georgia.