Birmingham Capital Management Co. Inc. AL Sells 8,200 Shares of Southern Company (The) $SO

Key Points

• Birmingham Capital Management Co. Inc. AL reduced its stake in Southern Company by 17.7%, selling 8,200 shares during the second quarter, leaving it with 38,225 shares valued at approximately $3.51 million.
• In the first quarter, several other institutional investors significantly increased their holdings in Southern, with Vanguard raising its stake to over $9.58 billion through additional acquisitions.
• Southern Company reported Q2 earnings of $0.91 per share, missing estimates, although revenue increased by 7.9% year-over-year to $6.97 billion.

Birmingham Capital Management Co. Inc. AL cut its holdings in Southern Company (The) (NYSE:SO - Free Report) by 17.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 38,225 shares of the utilities provider's stock after selling 8,200 shares during the quarter. Southern comprises 1.6% of Birmingham Capital Management Co. Inc. AL's portfolio, making the stock its 23rd largest position. Birmingham Capital Management Co. Inc. AL's holdings in Southern were worth $3,510,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SO. Nuveen LLC bought a new position in Southern in the first quarter valued at approximately $510,229,000. Vanguard Group Inc. boosted its stake in Southern by 1.4% in the first quarter. Vanguard Group Inc. now owns 104,210,177 shares of the utilities provider's stock valued at $9,582,126,000 after acquiring an additional 1,419,724 shares during the last quarter. Adage Capital Partners GP L.L.C. boosted its stake in Southern by 125.4% in the first quarter. Adage Capital Partners GP L.L.C. now owns 1,349,200 shares of the utilities provider's stock valued at $124,059,000 after acquiring an additional 750,500 shares during the last quarter. Jennison Associates LLC boosted its stake in Southern by 40.5% in the first quarter. Jennison Associates LLC now owns 2,161,929 shares of the utilities provider's stock valued at $198,789,000 after acquiring an additional 623,417 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in Southern by 71.4% in the second quarter. Assenagon Asset Management S.A. now owns 1,200,624 shares of the utilities provider's stock valued at $110,253,000 after acquiring an additional 499,996 shares during the last quarter. 64.10% of the stock is owned by institutional investors.

Southern Trading Down 0.6%

Shares of NYSE:SO opened at $97.80 on Monday. Southern Company has a 12 month low of $80.46 and a 12 month high of $100.83. The company has a quick ratio of 0.54, a current ratio of 0.74 and a debt-to-equity ratio of 1.69. The company's fifty day simple moving average is $94.00 and its 200 day simple moving average is $91.99. The firm has a market cap of $107.58 billion, a price-to-earnings ratio of 25.14, a PEG ratio of 3.46 and a beta of 0.43.

Southern (NYSE:SO - Get Free Report) last issued its quarterly earnings data 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 for the quarter, compared to analyst estimates of $6.70 billion. During the same quarter in the previous year, the business earned $1.10 earnings per share. The company'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, research analysts forecast that Southern Company will post 4.29 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on SO shares. Mizuho increased their target price on shares of Southern from $93.00 to $95.00 and gave the stock a "neutral" rating in a report on Friday, August 1st. Barclays set a $70.00 target price on shares of Southern in a report on Tuesday, October 14th. Morgan Stanley cut their target price on shares of Southern from $94.00 to $92.00 and set an "equal weight" rating on the stock in a report on Thursday, September 25th. BMO Capital Markets increased their target price on shares of Southern from $98.00 to $102.00 and gave the stock an "outperform" rating in a report on Tuesday, July 22nd. Finally, Scotiabank reiterated a "sector perform" rating and issued a $99.00 target price on shares of Southern in a report on Friday, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $98.83.

About Southern

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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