Intech Investment Management LLC Has $10.67 Million Stake in Southern Company (The) $SO

Key Points

• Intech Investment Management LLC increased its stake in Southern Company by **35.8%**, holding **116,059 shares** valued at **$10.67 million** as of the latest quarter.
• Several institutional investors have also modified their positions, with **64.10%** of the stock owned by such investors, indicating strong institutional interest in the company.
• Southern Company reported **$0.91 earnings per share**, missing expectations, while its revenue for the quarter reached **$6.97 billion**, exceeding analyst projections.

Intech Investment Management LLC raised its stake in Southern Company (The) (NYSE:SO - Free Report) by 35.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 116,059 shares of the utilities provider's stock after purchasing an additional 30,618 shares during the period. Intech Investment Management LLC's holdings in Southern were worth $10,672,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC increased its holdings in shares of Southern by 23.2% in the first quarter. GAMMA Investing LLC now owns 21,253 shares of the utilities provider's stock valued at $1,954,000 after purchasing an additional 4,005 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in shares of 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 acquiring an additional 182 shares during the last quarter. Coastal Bridge Advisors LLC lifted its holdings in shares of 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 acquiring an additional 119 shares during the last quarter. Summit Financial LLC lifted its holdings in shares of 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 acquiring an additional 22,546 shares during the last quarter. Finally, Banque Cantonale Vaudoise bought a new position in shares of Southern in the first quarter worth about $945,000. 64.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SO. KeyCorp lowered shares of Southern from a "sector weight" rating to an "underweight" rating and set a $78.00 price objective for the company. in a report on Wednesday, May 14th. Scotiabank raised their price objective on shares of Southern from $98.00 to $99.00 and gave the company a "sector outperform" rating in a report on Friday, August 1st. BMO Capital Markets raised their price objective on shares of Southern from $98.00 to $102.00 and gave the company an "outperform" rating in a report on Tuesday, July 22nd. Jefferies Financial Group upgraded shares of Southern from a "hold" rating to a "buy" rating and dropped their price objective for the company from $102.00 to $100.00 in a report on Thursday, June 5th. Finally, Mizuho raised their price objective on shares of Southern from $93.00 to $95.00 and gave the company a "neutral" rating in a report on Friday, August 1st. Five research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Southern presently has a consensus rating of "Hold" and an average price target of $94.92.

Insider Activity at Southern

In other news, CEO Kimberly S. Greene sold 13,158 shares of the firm's stock in a transaction that occurred 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 of the company's stock, valued at $8,897,795. This trade represents a 12.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.16% of the stock is currently owned by company insiders.

Southern Stock Performance

NYSE:SO opened at $91.54 on Thursday. The company has a market capitalization of $100.69 billion, a PE ratio of 23.53, a P/E/G ratio of 3.15 and a beta of 0.41. The company has a 50 day simple moving average of $93.48 and a two-hundred day simple moving average of $91.07. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.54 and a current ratio of 0.74. Southern Company has a fifty-two week low of $80.46 and a fifty-two week high of $96.44.

Southern (NYSE:SO - Get Free Report) last released its earnings results on Thursday, July 31st. The utilities provider reported $0.91 earnings per share for the quarter, missing analysts' consensus estimates of $0.99 by ($0.08). The firm had revenue of $6.97 billion for the quarter, compared to analyst estimates 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 period in the prior year, the company 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. Research analysts anticipate that Southern Company will post 4.29 earnings per share for the current year.

Southern Dividend Announcement

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