Koshinski Asset Management Inc. Grows Stock Position in Southern Company (The) $SO

Key Points

• Koshinski Asset Management Inc. increased its stake in Southern Company by 18.3% during Q2, now holding 21,698 shares valued at approximately $1.99 million.
• Southern Company reported Q2 earnings of $0.91 per share, missing estimates of $0.99, though revenue rose to $6.97 billion, exceeding expectations.
• The company declared a quarterly dividend of $0.74 per share, resulting in a 3.0% yield with a payout ratio of 76.09%.

Koshinski Asset Management Inc. lifted its position in shares of Southern Company (The) (NYSE:SO - Free Report) by 18.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 21,698 shares of the utilities provider's stock after acquiring an additional 3,357 shares during the quarter. Koshinski Asset Management Inc.'s holdings in Southern were worth $1,993,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its position 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 purchasing an additional 4,005 shares during the period. ORG Partners LLC boosted its holdings in Southern by 7.1% in the 1st quarter. ORG Partners LLC now owns 2,302 shares of the utilities provider's stock worth $211,000 after buying an additional 152 shares during the period. Advisor Resource Council purchased a new position in Southern in the 1st quarter valued at approximately $800,000. Evanson Asset Management LLC bought a new stake in Southern during the 1st quarter valued at $256,000. Finally, Rockline Wealth Management LLC lifted its position in shares of Southern by 3.9% during the first quarter. Rockline Wealth Management LLC now owns 32,954 shares of the utilities provider's stock worth $3,030,000 after acquiring an additional 1,227 shares in the last quarter. Hedge funds and other institutional investors own 64.10% of the company's stock.

Insider Activity at Southern

In other news, CEO Kimberly S. Greene sold 13,158 shares of the 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 in the company, valued at approximately $8,897,795. This represents a 12.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.16% of the company's stock.

Southern Trading Down 0.6%

Shares of Southern stock opened at $97.80 on Friday. The company has a debt-to-equity ratio of 1.69, a current ratio of 0.74 and a quick ratio of 0.54. Southern Company has a 1 year low of $80.46 and a 1 year high of $100.83. The firm has a market cap of $107.58 billion, a PE ratio of 25.14, a PEG ratio of 3.46 and a beta of 0.43. The company has a 50 day simple moving average of $94.00 and a two-hundred day simple moving average of $91.99.

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 for the quarter, missing the consensus estimate of $0.99 by ($0.08). Southern had a net margin of 15.10% and a return on equity of 12.09%. The company had revenue of $6.97 billion for the quarter, compared to analysts' expectations of $6.70 billion. During the same quarter last year, the business posted $1.10 EPS. The business's quarterly revenue was up 7.9% compared to the same quarter last year. Southern has set its Q3 2025 guidance at 1.500-1.500 EPS. FY 2025 guidance at 4.200-4.300 EPS. Analysts expect that Southern Company will post 4.29 earnings per share for the current fiscal year.

Southern Dividend Announcement

The company 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. The ex-dividend date of this dividend was Monday, August 18th. This represents a $2.96 annualized dividend and a yield of 3.0%. Southern's payout ratio is 76.09%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SO. Cowen initiated coverage on Southern in a research report on Wednesday. They issued a "buy" rating for the company. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Southern in a report on Wednesday, October 8th. BMO Capital Markets increased their price target on shares of Southern from $98.00 to $102.00 and gave the stock an "outperform" rating in a report on Tuesday, July 22nd. UBS Group boosted 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, October 10th. Finally, TD Cowen initiated coverage on shares of Southern in a report on Thursday. They issued a "buy" rating and a $112.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Southern presently has an average rating of "Hold" and a consensus target price of $98.83.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.