Apollon Wealth Management LLC Acquires 11,705 Shares of Southern Company (The) $SO

Key Points

• Apollon Wealth Management LLC increased its stake in Southern Company by 16.0%, acquiring an additional 11,705 shares, bringing its total holdings to 85,084 shares worth $7.81 million.
• Southern Company's recent quarterly earnings of $0.91 per share missed analysts' estimates of $0.99, but its revenue rose by 7.9% year-over-year to $6.97 billion.
• The company announced a quarterly dividend of $0.74 per share, with a payout ratio of 76.09%, representing an annual yield of 3.0%.

Apollon Wealth Management LLC raised its position in Southern Company (The) (NYSE:SO - Free Report) by 16.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,084 shares of the utilities provider's stock after buying an additional 11,705 shares during the quarter. Apollon Wealth Management LLC's holdings in Southern were worth $7,813,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Keudell Morrison Wealth Management lifted its holdings in shares of Southern by 1.1% during the 1st quarter. Keudell Morrison Wealth Management now owns 10,032 shares of the utilities provider's stock worth $922,000 after acquiring an additional 110 shares during the period. West Branch Capital LLC grew its position in Southern by 23.0% in the first quarter. West Branch Capital LLC now owns 616 shares of the utilities provider's stock valued at $57,000 after acquiring an additional 115 shares during the last quarter. McGlone Suttner Wealth Management Inc. grew its position in Southern by 1.4% in the first quarter. McGlone Suttner Wealth Management Inc. now owns 8,565 shares of the utilities provider's stock valued at $788,000 after acquiring an additional 116 shares during the last quarter. KPP Advisory Services LLC grew its position in Southern by 1.0% in the second quarter. KPP Advisory Services LLC now owns 11,392 shares of the utilities provider's stock valued at $1,046,000 after acquiring an additional 117 shares during the last quarter. Finally, MBE Wealth Management LLC boosted its stake in shares of Southern by 4.4% during the first quarter. MBE Wealth Management LLC now owns 2,827 shares of the utilities provider's stock valued at $260,000 after purchasing an additional 118 shares in the last quarter. 64.10% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Kimberly S. Greene sold 13,158 shares of the business's stock in a transaction dated Monday, July 21st. The stock was 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 directly owned 93,661 shares in the company, valued at $8,897,795. The trade was a 12.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.16% of the stock is currently owned by insiders.

Southern Price Performance

Southern stock opened at $98.23 on Friday. Southern Company has a one year low of $80.46 and a one year high of $98.36. The business has a fifty day moving average price of $93.62 and a 200-day moving average price of $91.71. The company has a debt-to-equity ratio of 1.69, a current ratio of 0.74 and a quick ratio of 0.54. The firm has a market capitalization of $108.06 billion, a P/E ratio of 25.25, a PEG ratio of 3.32 and a beta of 0.43.

Southern (NYSE:SO - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.91 EPS for the quarter, missing analysts' consensus estimates of $0.99 by ($0.08). Southern had a return on equity of 12.09% and a net margin of 15.10%.The company had revenue of $6.97 billion during the quarter, compared to the consensus estimate of $6.70 billion. During the same period in the previous year, the business earned $1.10 earnings per share. Southern's revenue was up 7.9% on a year-over-year basis. 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, equities research analysts forecast that Southern Company will post 4.29 EPS for the current year.

Southern Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on SO. Mizuho lifted their price target on Southern from $93.00 to $95.00 and gave the company a "neutral" rating in a research note on Friday, August 1st. UBS Group raised their price objective on shares of Southern from $100.00 to $104.00 and gave the stock a "neutral" rating in a research report on Friday. Weiss Ratings reissued a "buy (b)" rating on shares of Southern in a research report on Wednesday. Raymond James Financial started coverage on shares of Southern in a research report on Friday, June 13th. They issued an "outperform" rating and a $98.00 price target for the company. Finally, Evercore ISI began coverage on Southern in a research note on Monday. They set an "in-line" rating and a $103.00 price objective on the stock. Four equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $96.31.

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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