5,250 Shares in Southern Company (The) $SO Purchased by Triton Wealth Management PLLC

Key Points

• Triton Wealth Management PLLC has acquired a new stake in Southern Company, purchasing 5,250 shares valued at approximately $499,000.
• CEO Kimberly S. Greene sold 13,158 shares of the company’s stock, decreasing her ownership by 12.32% and leaving her with approximately $8.9 million in shares.
• Southern Company reported Q2 earnings of $0.91 EPS, missing estimates, though revenue rose 7.9% year-over-year, totaling approximately $6.97 billion.

Triton Wealth Management PLLC acquired a new stake in Southern Company (The) (NYSE:SO - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,250 shares of the utilities provider's stock, valued at approximately $499,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SO. Ameriflex Group Inc. grew its holdings in Southern by 275.0% during the second quarter. Ameriflex Group Inc. now owns 300 shares of the utilities provider's stock worth $27,000 after acquiring an additional 220 shares during the period. Cheviot Value Management LLC purchased a new stake in shares of Southern during the 1st quarter worth $28,000. Financial Connections Group Inc. acquired a new position in shares of Southern during the 1st quarter worth $33,000. Accredited Wealth Management LLC purchased a new position in shares of Southern in the 1st quarter valued at about $36,000. Finally, Saudi Central Bank acquired a new stake in shares of Southern in the first quarter valued at about $40,000. Institutional investors and hedge funds own 64.10% of the company's stock.

Insider Activity

In other news, CEO Kimberly S. Greene sold 13,158 shares of the business's stock in a transaction on Monday, July 21st. The shares were sold at an average price of $95.00, for a total transaction of $1,250,010.00. Following the completion of the transaction, the chief executive officer owned 93,661 shares of the company's stock, valued at approximately $8,897,795. The trade was a 12.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.16% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on SO shares. Evercore ISI started coverage on shares of Southern in a research note on Monday, October 6th. They issued an "in-line" rating and a $103.00 price objective for the company. JPMorgan Chase & Co. lifted their price objective on Southern from $97.00 to $98.00 and gave the stock a "neutral" rating in a report on Thursday, August 21st. Morgan Stanley lowered their target price on Southern from $94.00 to $92.00 and set an "equal weight" rating on the stock in a report on Thursday, September 25th. Scotiabank reissued a "sector perform" rating and issued a $99.00 target price on shares of Southern in a report on Friday, October 3rd. Finally, Barclays set a $70.00 target price on Southern in a report on Tuesday. Four research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $96.85.

Southern Price Performance

SO opened at $99.80 on Wednesday. Southern Company has a 1 year low of $80.46 and a 1 year high of $99.81. The company's 50 day simple moving average is $93.77 and its 200 day simple moving average is $91.85. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.54 and a current ratio of 0.74. The stock has a market capitalization of $109.78 billion, a PE ratio of 25.65, a P/E/G ratio of 3.39 and a beta of 0.43.

Southern (NYSE:SO - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.99 by ($0.08). The firm had revenue of $6.97 billion for the quarter, compared to analysts' expectations of $6.70 billion. Southern had a net margin of 15.10% and a return on equity of 12.09%. The company's revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.10 EPS. Southern has set its Q3 2025 guidance at 1.500-1.500 EPS. FY 2025 guidance at 4.200-4.300 EPS. As a group, sell-side analysts expect that Southern Company will post 4.29 EPS for the current year.

Southern Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 8th. Stockholders of record on Monday, August 18th were issued a dividend of $0.74 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $2.96 annualized dividend and a dividend yield of 3.0%. Southern's payout ratio is 76.09%.

Southern Profile

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.

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