From MarketBeat:

Simplicity Solutions LLC cut its stake in The Southern Company (NYSE:SO – Free Report) by 40.6% during the 3rd quarter, selling 16,709 shares and now owning 24,396 shares worth $1,579,000. Other hedge funds have also been buying and selling shares of Southern. Insider trading has seen CEO Stephen E. Kuczynski and insider David P. Poroch selling shares.

Analysts’ reports on SO vary. Bank of America moved Southern from an “underperform” rating to a “neutral” rating with a target price of $68.00, while Mizuho decreased their target price from $76.00 to $73.00. The stock opened at $70.12 on Friday, with a 52-week low of $58.85 and a 52-week high of $75.80.

Southern Company last reported $1.42 earnings per share for the quarter, beating analysts’ predictions by $0.10. A quarterly dividend of $0.70 was paid on December 6th. It operates in gas distribution and pipeline operations, as well as developing, constructing, and managing power generation assets.

For further information on hedge fund activity and insider trades, visit HoldingsChannel.com. MarketBeat’s news alert was generated by narrative science technology and financial data from MarketBeat. MarketBeat’s editorial team reviews every story before publication. Any inquiries or comments should be directed to [email protected].



Read more: Simplicity Solutions LLC Lowers Position in The Southern Company (NYSE:SO)