Glenview Trust co Sells 4,210 Shares of Southern Company (The) $SO

Key Points

• Glenview Trust Co. has reduced its stake in Southern Company by 22.9%, selling 4,210 shares, now holding 14,198 shares valued at approximately $1.3 million.
• Southern Company reported Q2 earnings of $0.91 per share, which fell short of the consensus estimate of $0.99, despite a year-over-year revenue increase of 7.9%.
• Analysts have mixed views on Southern Company, with five rating the stock as a Buy, seven as a Hold, and one as a Sell, resulting in a consensus price target of $94.92.

Glenview Trust co reduced its holdings in shares of Southern Company (The) (NYSE:SO - Free Report) by 22.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,198 shares of the utilities provider's stock after selling 4,210 shares during the quarter. Glenview Trust co's holdings in Southern were worth $1,306,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in Southern by 23.2% during the first quarter. GAMMA Investing LLC now owns 21,253 shares of the utilities provider's stock worth $1,954,000 after acquiring an additional 4,005 shares during the period. Oppenheimer Asset Management Inc. increased its position in Southern by 4.1% in the first quarter. Oppenheimer Asset Management Inc. now owns 4,645 shares of the utilities provider's stock worth $427,000 after buying an additional 182 shares during the last quarter. Coastal Bridge Advisors LLC increased its position in Southern by 0.4% in the first quarter. Coastal Bridge Advisors LLC now owns 32,627 shares of the utilities provider's stock worth $3,000,000 after buying an additional 119 shares during the last quarter. Summit Financial LLC increased its position in Southern by 39.1% in the first quarter. Summit Financial LLC now owns 80,214 shares of the utilities provider's stock worth $7,376,000 after buying an additional 22,546 shares during the last quarter. Finally, Banque Cantonale Vaudoise purchased a new stake in Southern in the first quarter worth $945,000. 64.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on SO shares. Raymond James Financial started coverage on Southern in a research report on Friday, June 13th. They issued an "outperform" rating and a $98.00 target price for the company. Mizuho raised their target price on Southern from $93.00 to $95.00 and gave the stock a "neutral" rating in a research report on Friday, August 1st. Barclays lifted their price target on Southern from $90.00 to $91.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 16th. KeyCorp cut Southern from a "sector weight" rating to an "underweight" rating and set a $78.00 price target for the company. in a research report on Wednesday, May 14th. Finally, Wall Street Zen cut Southern from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. Five research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $94.92.

Insider Transactions at Southern

In related news, CEO Kimberly S. Greene sold 13,158 shares of Southern stock in a transaction on 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 sale, the chief executive officer owned 93,661 shares of the company's stock, valued at approximately $8,897,795. This trade represents a 12.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.16% of the company's stock.

Southern Price Performance

Shares of NYSE SO opened at $91.54 on Thursday. The stock has a market cap of $100.69 billion, a PE ratio of 23.53, a price-to-earnings-growth ratio of 3.15 and a beta of 0.41. Southern Company has a fifty-two week low of $80.46 and a fifty-two week high of $96.44. 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 fifty day moving average of $93.48 and a 200-day moving average of $91.07.

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 the consensus estimate 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%. Southern's quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the business 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. Equities research analysts anticipate that Southern Company will post 4.29 earnings per share for the current year.

Southern Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 8th. Investors of record on Monday, August 18th were paid 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 3.2%. Southern's dividend payout ratio (DPR) is currently 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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