CWA Asset Management Group LLC Sells 3,653 Shares of Southern Company (The) $SO

Key Points

• CWA Asset Management Group LLC reduced its stake in Southern Company by 1.9% during Q2, now holding 188,458 shares worth approximately $17.3 million.
• Multiple analysts have recently adjusted their price targets for Southern, with an average target set at $95.08 and ratings ranging from "Buy" to "Hold".
• The company reported Q2 earnings of $0.91 EPS, missing expectations, despite a revenue increase to $6.97 billion compared to the prior year.

CWA Asset Management Group LLC lessened its stake in shares of Southern Company (The) (NYSE:SO - Free Report) by 1.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 188,458 shares of the utilities provider's stock after selling 3,653 shares during the period. Southern accounts for about 0.7% of CWA Asset Management Group LLC's portfolio, making the stock its 28th biggest position. CWA Asset Management Group LLC's holdings in Southern were worth $17,306,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Investors Research Corp increased its stake in shares of Southern by 400.0% in the 1st quarter. Investors Research Corp now owns 270 shares of the utilities provider's stock valued at $25,000 after purchasing an additional 216 shares during the last quarter. Cheviot Value Management LLC bought a new position in shares of Southern in the 1st quarter valued at $28,000. Financial Connections Group Inc. bought a new position in shares of Southern in the 1st quarter valued at $33,000. Accredited Wealth Management LLC bought a new position in shares of Southern in the 1st quarter valued at $36,000. Finally, Rossby Financial LCC bought a new position in shares of Southern in the 1st quarter valued at $39,000. Institutional investors own 64.10% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Jefferies Financial Group upgraded Southern from a "hold" rating to a "buy" rating and decreased their price target for the company from $102.00 to $100.00 in a research note on Thursday, June 5th. Morgan Stanley decreased their price target on Southern from $94.00 to $92.00 and set an "equal weight" rating on the stock in a research note on Thursday. JPMorgan Chase & Co. raised their price objective on Southern from $97.00 to $98.00 and gave the company a "neutral" rating in a report on Thursday, August 21st. Raymond James Financial assumed coverage on Southern in a report on Friday, June 13th. They set an "outperform" rating and a $98.00 price objective on the stock. Finally, Mizuho raised their price objective on Southern from $93.00 to $95.00 and gave the company a "neutral" rating in a report on Friday, August 1st. Four equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $95.08.

Southern Stock Up 0.9%

Shares of SO opened at $94.54 on Friday. The company has a market capitalization of $104.00 billion, a PE ratio of 24.30, a PEG ratio of 3.27 and a beta of 0.41. Southern Company has a 12 month low of $80.46 and a 12 month high of $96.44. The stock's 50-day moving average price is $93.54 and its two-hundred day moving average price is $91.32. 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 (NYSE:SO - Get Free Report) last announced its earnings results on Thursday, July 31st. The utilities provider reported $0.91 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.08). The company had revenue of $6.97 billion for the quarter, compared to analyst estimates of $6.70 billion. Southern had a return on equity of 12.09% and a net margin of 15.10%.The firm's quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.10 earnings per share. Southern has set its Q3 2025 guidance at 1.500-1.500 EPS. FY 2025 guidance at 4.200-4.300 EPS. On average, analysts anticipate that Southern Company will post 4.29 EPS for the current year.

Southern Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 8th. Shareholders 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 yield of 3.1%. Southern's payout ratio is presently 76.09%.

Insider Buying and Selling

In other Southern news, CEO Kimberly S. Greene sold 13,158 shares of Southern 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 transaction, the chief executive officer directly owned 93,661 shares of the company's stock, valued at approximately $8,897,795. The trade was a 12.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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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