SeaCrest Wealth Management LLC Has $1.10 Million Stock Holdings in Southern Company (The) $SO

Key Points

• SeaCrest Wealth Management LLC has reduced its stake in Southern Company by 29.1%, selling 4,925 shares, and now owns 12,012 shares valued at approximately $1.1 million.
• Southern Company CEO Kimberly S. Greene sold 13,158 shares of company stock for over $1.25 million, marking a 12.32% decrease in her ownership.
• Southern Company reported an earnings per share (EPS) of $0.91 for its latest quarter, missing analysts' expectations, but revenue increased by 7.9% year-over-year, reaching $6.97 billion.

SeaCrest Wealth Management LLC lessened its stake in shares of Southern Company (The) (NYSE:SO - Free Report) by 29.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,012 shares of the utilities provider's stock after selling 4,925 shares during the quarter. SeaCrest Wealth Management LLC's holdings in Southern were worth $1,103,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Two Sigma Advisers LP acquired a new position in Southern in the 4th quarter worth approximately $3,079,000. Two Sigma Investments LP purchased a new stake in Southern in the 4th quarter worth approximately $1,284,000. Woodline Partners LP purchased a new stake in Southern in the 4th quarter worth approximately $5,417,000. Voloridge Investment Management LLC purchased a new stake in Southern in the 4th quarter worth approximately $9,007,000. Finally, Vise Technologies Inc. lifted its position in Southern by 139.0% in the 4th quarter. Vise Technologies Inc. now owns 17,810 shares of the utilities provider's stock worth $1,466,000 after buying an additional 10,357 shares in the last quarter. Institutional investors and hedge funds own 64.10% of the company's stock.

Insider Buying and Selling 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 value of $1,250,010.00. Following the sale, the chief executive officer directly owned 93,661 shares in the company, valued at approximately $8,897,795. This trade represents a 12.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.16% of the company's stock.

Southern Stock Up 1.2%

SO traded up $1.08 during trading hours on Tuesday, hitting $93.41. 1,799,789 shares of the company's stock were exchanged, compared to its average volume of 5,054,907. Southern Company has a 1-year low of $80.46 and a 1-year high of $96.44. The stock's 50-day moving average is $93.48 and its two-hundred day moving average is $91.23. The stock has a market cap of $102.75 billion, a price-to-earnings ratio of 24.01, a PEG ratio of 3.17 and a beta of 0.41. The company has a quick ratio of 0.54, a current ratio of 0.74 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). Southern had a return on equity of 12.09% and a net margin of 15.10%.The business had revenue of $6.97 billion for the quarter, compared to analyst estimates of $6.70 billion. During the same quarter in the previous year, the company posted $1.10 EPS. The business's revenue for the quarter 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. Sell-side analysts predict that Southern Company will post 4.29 earnings per share for the current fiscal year.

Southern Dividend Announcement

The company also recently disclosed 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 3.2%. The ex-dividend date was Monday, August 18th. Southern's dividend payout ratio is presently 76.09%.

Analysts Set New Price Targets

SO has been the topic of several recent analyst reports. Barclays lifted their target price on shares of Southern from $90.00 to $91.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 16th. Scotiabank lifted their target price on shares of Southern from $98.00 to $99.00 and gave the company a "sector outperform" rating in a research report on Friday, August 1st. Wall Street Zen lowered shares of Southern from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. BMO Capital Markets lifted their target price on shares of Southern from $98.00 to $102.00 and gave the company an "outperform" rating in a research report on Tuesday, July 22nd. Finally, Morgan Stanley restated an "outperform" rating on shares of Southern in a research report on Thursday, August 21st. Five analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Southern has a consensus rating of "Hold" and a consensus target price of $94.92.

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.