Southern Company (The) Target of Unusually Large Options Trading (SO)

Southern Company (The) (NYSE:SO) saw some unusual options trading activity on Thursday. Investors bought 22,318 call options on the stock. This represents an increase of approximately Infinity compared to the typical volume of 0 call options.

Southern Company (NYSE:SO) opened at $50.97 on Friday. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.73 and a quick ratio of 0.57. Southern Company has a 1 year low of $46.20 and a 1 year high of $53.51. The company has a market cap of $52,130.00, a P/E ratio of 19.02, a PEG ratio of 4.73 and a beta of 0.15.

Southern Company (The) (NYSE:SO) last released its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.04. Southern Company (The) had a net margin of 2.59% and a return on equity of 10.81%. The company had revenue of $6.20 billion during the quarter, compared to analyst estimates of $6.16 billion. During the same period last year, the business earned $1.27 earnings per share. Southern Company (The)’s revenue was down 1.0% compared to the same quarter last year. analysts predict that Southern Company will post 2.95 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Monday, November 20th will be given a $0.58 dividend. The ex-dividend date of this dividend is Friday, November 17th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 4.55%. Southern Company (The)’s dividend payout ratio (DPR) is currently 414.29%.

SO has been the subject of a number of research analyst reports. Guggenheim upgraded shares of Southern Company (The) from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $49.00 to $56.00 in a report on Thursday, September 14th. Citigroup Inc. restated a “sell” rating and set a $44.00 price objective (up previously from $43.00) on shares of Southern Company (The) in a report on Tuesday, October 3rd. Zacks Investment Research downgraded shares of Southern Company (The) from a “buy” rating to a “hold” rating in a report on Friday, October 13th. BidaskClub upgraded shares of Southern Company (The) from a “strong sell” rating to a “sell” rating in a report on Monday, July 24th. Finally, Mizuho upgraded shares of Southern Company (The) from a “neutral” rating to a “buy” rating and set a $53.00 price objective for the company in a report on Tuesday, September 5th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $49.72.

In related news, CEO William P. Bowers sold 85,151 shares of the firm’s stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $50.00, for a total transaction of $4,257,550.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ann P. Daiss sold 5,000 shares of the firm’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $52.28, for a total transaction of $261,400.00. Following the sale, the insider now owns 7,394 shares of the company’s stock, valued at approximately $386,558.32. The disclosure for this sale can be found here. In the last quarter, insiders sold 213,813 shares of company stock valued at $11,029,988. 1.00% of the stock is currently owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in SO. Chicago Partners Investment Group LLC bought a new position in shares of Southern Company (The) in the second quarter valued at approximately $100,000. Farmers & Merchants Trust Co of Chambersburg PA bought a new position in shares of Southern Company (The) in the third quarter valued at approximately $105,000. Monroe Bank & Trust MI boosted its position in shares of Southern Company (The) by 17.9% in the second quarter. Monroe Bank & Trust MI now owns 2,300 shares of the utilities provider’s stock valued at $110,000 after acquiring an additional 350 shares during the period. AlphaMark Advisors LLC boosted its position in shares of Southern Company (The) by 0.6% in the second quarter. AlphaMark Advisors LLC now owns 2,363 shares of the utilities provider’s stock valued at $113,000 after acquiring an additional 14 shares during the period. Finally, IHT Wealth Management LLC boosted its position in shares of Southern Company (The) by 15.3% in the first quarter. IHT Wealth Management LLC now owns 2,281 shares of the utilities provider’s stock valued at $115,000 after acquiring an additional 302 shares during the period. Institutional investors own 52.88% of the company’s stock.

WARNING: This piece of content was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of U.S. and international trademark and copyright legislation. The legal version of this piece of content can be accessed at https://ledgergazette.com/2017/11/19/southern-company-the-target-of-unusually-large-options-trading-so.html.

Southern Company (The) Company Profile

The Southern Company (Southern Company) is a holding company. The Company owns all of the stock of the traditional electric operating companies and the parent entities of Southern Power Company (Southern Power) and Southern Company Gas, and owns other direct and indirect subsidiaries. The Company’s segments include Gas distribution operations, Gas marketing services, Wholesale gas services, Gas midstream operations and All other.

Receive News & Ratings for Southern Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southern Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply