Consolidated Portfolio Review Corp acquired a new stake in Southern Company (The) (NYSE:SO - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 5,213 shares of the utilities provider's stock, valued at approximately $479,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Investors Research Corp boosted its holdings in Southern by 400.0% in the first quarter. Investors Research Corp now owns 270 shares of the utilities provider's stock valued at $25,000 after acquiring an additional 216 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in shares of Southern in the 4th quarter valued at about $35,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Southern during the 4th quarter worth approximately $37,000. Elequin Capital LP raised its stake in shares of Southern by 60.6% during the fourth quarter. Elequin Capital LP now owns 498 shares of the utilities provider's stock worth $41,000 after buying an additional 188 shares during the last quarter. Finally, Meeder Asset Management Inc. acquired a new position in Southern in the fourth quarter valued at approximately $44,000. 64.10% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several brokerages have commented on SO. Morgan Stanley dropped their target price on shares of Southern from $91.00 to $90.00 and set an "equal weight" rating for the company in a research report on Wednesday, June 18th. UBS Group upped their price objective on Southern from $94.00 to $97.00 and gave the company a "neutral" rating in a report on Friday, March 21st. KeyCorp cut Southern from a "sector weight" rating to an "underweight" rating and set a $78.00 target price on the stock. in a report on Wednesday, May 14th. Raymond James Financial assumed coverage on Southern in a research note on Friday, June 13th. They issued an "outperform" rating and a $98.00 price target for the company. Finally, Jefferies Financial Group raised shares of Southern from a "hold" rating to a "buy" rating and reduced their price objective for the stock from $102.00 to $100.00 in a research note on Thursday, June 5th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Southern has a consensus rating of "Hold" and a consensus price target of $92.93.
View Our Latest Analysis on SO
Southern Stock Up 0.3%
Shares of SO stock opened at $90.90 on Wednesday. The company has a market capitalization of $99.90 billion, a price-to-earnings ratio of 21.69, a P/E/G ratio of 3.24 and a beta of 0.38. Southern Company has a 12-month low of $76.96 and a 12-month high of $94.45. The firm has a fifty day moving average of $89.74 and a 200-day moving average of $87.42. The company has a quick ratio of 0.65, a current ratio of 0.86 and a debt-to-equity ratio of 1.69.
Southern (NYSE:SO - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The utilities provider reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.03. The firm had revenue of $7.78 billion for the quarter, compared to the consensus estimate of $7.17 billion. Southern had a return on equity of 12.70% and a net margin of 16.54%. The company's revenue for the quarter was up 17.0% on a year-over-year basis. During the same quarter last year, the business posted $1.03 EPS. As a group, equities research analysts predict that Southern Company will post 4.29 earnings per share for the current fiscal year.
Southern Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Monday, May 19th were issued a $0.74 dividend. This is an increase from Southern's previous quarterly dividend of $0.72. This represents a $2.96 dividend on an annualized basis and a dividend yield of 3.26%. Southern's dividend payout ratio (DPR) is 70.64%.
Southern Company Profile
(
Free Report)
The Southern Company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity. The company also develops, constructs, acquires, owns, and manages power generation assets, including renewable energy projects and sells electricity in the wholesale market; and distributes natural gas in Illinois, Georgia, Virginia, and Tennessee, as well as provides gas marketing services, gas distribution operations, and gas pipeline investments operations.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Southern, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Southern wasn't on the list.
While Southern currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
