Concurrent Investment Advisors LLC Has $7.52 Million Stock Holdings in Southern Company (The) $SO

Key Points

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Concurrent Investment Advisors LLC grew its position in shares of Southern Company (The) (NYSE:SO - Free Report) by 8.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 81,840 shares of the utilities provider's stock after purchasing an additional 6,487 shares during the quarter. Concurrent Investment Advisors LLC's holdings in Southern were worth $7,515,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Cerro Pacific Wealth Advisors LLC raised its holdings in Southern by 60.2% during the 2nd quarter. Cerro Pacific Wealth Advisors LLC now owns 9,470 shares of the utilities provider's stock worth $870,000 after purchasing an additional 3,559 shares during the last quarter. waypoint wealth counsel raised its holdings in Southern by 11.6% during the 2nd quarter. waypoint wealth counsel now owns 2,721 shares of the utilities provider's stock worth $250,000 after purchasing an additional 283 shares during the last quarter. Inman Jager Wealth Management LLC raised its holdings in Southern by 2.0% during the 2nd quarter. Inman Jager Wealth Management LLC now owns 24,171 shares of the utilities provider's stock worth $2,220,000 after purchasing an additional 485 shares during the last quarter. Apollon Financial LLC raised its holdings in Southern by 1.5% during the 2nd quarter. Apollon Financial LLC now owns 46,012 shares of the utilities provider's stock worth $4,225,000 after purchasing an additional 700 shares during the last quarter. Finally, Apollon Wealth Management LLC raised its holdings in Southern by 16.0% during the 2nd quarter. Apollon Wealth Management LLC now owns 85,084 shares of the utilities provider's stock worth $7,813,000 after purchasing an additional 11,705 shares during the last quarter. Institutional investors own 64.10% of the company's stock.

Southern Stock Performance

Shares of SO stock opened at $98.23 on Monday. The firm has a market capitalization of $108.06 billion, a PE ratio of 25.25, a price-to-earnings-growth ratio of 3.40 and a beta of 0.43. The firm has a fifty day simple moving average of $93.62 and a two-hundred day simple moving average of $91.74. The company has a current ratio of 0.74, a quick ratio of 0.54 and a debt-to-equity ratio of 1.69. Southern Company has a 12 month low of $80.46 and a 12 month high of $98.36.

Southern (NYSE:SO - Get Free Report) last announced 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). The business had revenue of $6.97 billion for the quarter, compared to the consensus estimate of $6.70 billion. Southern had a net margin of 15.10% and a return on equity of 12.09%. The business's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter last year, the firm posted $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. Analysts forecast that Southern Company will post 4.29 EPS for the current fiscal year.

Southern Dividend Announcement

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

Wall Street Analyst Weigh In

SO has been the subject of several analyst reports. Wall Street Zen lowered shares of Southern from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. UBS Group lifted their price objective on shares of Southern from $100.00 to $104.00 and gave the company a "neutral" rating in a research note on Friday. Mizuho lifted their price objective on shares of Southern from $93.00 to $95.00 and gave the company a "neutral" rating in a research note on Friday, August 1st. Weiss Ratings reiterated a "buy (b)" rating on shares of Southern in a research note on Wednesday, October 8th. Finally, Barclays lifted their price objective on shares of Southern from $90.00 to $91.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. Four investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $96.31.

Insider Buying and Selling

In other Southern 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 sale, the chief executive officer owned 93,661 shares in the company, valued at approximately $8,897,795. The trade was a 12.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.16% of the company's stock.

Southern Company 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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