Southern Company (The) $SO Shares Purchased by Signal Advisors Wealth LLC

Key Points

• Signal Advisors Wealth LLC increased its holdings in Southern Company by 106.0% in Q2, acquiring an additional 4,113 shares, bringing their total to 7,992 shares valued at $734,000.
• Analysts have mixed ratings on the stock, with five giving it a Buy rating, seven a Hold rating, and one a Sell rating, and a consensus price target of $94.92.
• Southern Company reported a Q2 EPS of $0.91, missing the consensus estimate by $0.08, while its revenue grew 7.9% year-over-year, totaling $6.97 billion.

Signal Advisors Wealth LLC grew its position in shares of Southern Company (The) (NYSE:SO - Free Report) by 106.0% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,992 shares of the utilities provider's stock after purchasing an additional 4,113 shares during the period. Signal Advisors Wealth LLC's holdings in Southern were worth $734,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nuveen LLC purchased a new position in Southern in the first quarter valued at $510,229,000. GAMMA Investing LLC boosted its stake in Southern by 11,230.1% during the 1st quarter. GAMMA Investing LLC now owns 1,954,213 shares of the utilities provider's stock worth $179,690,000 after purchasing an additional 1,936,965 shares during the period. Vanguard Group Inc. grew its holdings in shares of Southern by 1.4% during the first quarter. Vanguard Group Inc. now owns 104,210,177 shares of the utilities provider's stock worth $9,582,126,000 after buying an additional 1,419,724 shares during the last quarter. Adage Capital Partners GP L.L.C. lifted its position in Southern by 125.4% during the 1st quarter. Adage Capital Partners GP L.L.C. now owns 1,349,200 shares of the utilities provider's stock worth $124,059,000 after acquiring an additional 750,500 shares during the period. Finally, Assenagon Asset Management S.A. increased its stake in Southern by 2,780.2% in the 1st quarter. Assenagon Asset Management S.A. now owns 700,628 shares of the utilities provider's stock valued at $64,423,000 after buying an additional 676,302 shares during the period. Hedge funds and other institutional investors own 64.10% of the company's stock.

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 shares were sold at an average price of $95.00, for a total value of $1,250,010.00. Following the completion of the sale, the chief executive officer owned 93,661 shares in the company, valued at approximately $8,897,795. The trade was a 12.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.16% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Morgan Stanley reiterated an "outperform" rating on shares of Southern in a research report on Thursday, August 21st. Wall Street Zen downgraded shares of Southern from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. Raymond James Financial began coverage on Southern in a research note on Friday, June 13th. They issued an "outperform" rating and a $98.00 price objective for the company. Mizuho lifted their price objective on Southern from $93.00 to $95.00 and gave the stock a "neutral" rating in a report on Friday, August 1st. Finally, Scotiabank upped their target price on Southern from $98.00 to $99.00 and gave the company a "sector outperform" rating in a report on Friday, August 1st. Five 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's stock. According to data from MarketBeat, Southern currently has a consensus rating of "Hold" and a consensus target price of $94.92.

Southern Trading Up 0.4%

SO stock traded up $0.41 during midday trading on Friday, reaching $91.86. 9,381,376 shares of the company's stock traded hands, compared to its average volume of 3,632,029. The company has a debt-to-equity ratio of 1.69, a current ratio of 0.74 and a quick ratio of 0.54. The company has a market capitalization of $101.05 billion, a P/E ratio of 23.61, a PEG ratio of 3.16 and a beta of 0.41. The business has a 50-day moving average price of $93.49 and a two-hundred day moving average price of $91.20. 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 issued its earnings results 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). The company had revenue of $6.97 billion during the quarter, compared to analysts' expectations of $6.70 billion. Southern had a return on equity of 12.09% and a net margin of 15.10%.Southern's quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the company earned $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 forecast that Southern Company will post 4.29 EPS for the current fiscal year.

Southern Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 8th. Investors of record on Monday, August 18th were issued a $0.74 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $2.96 dividend on an annualized basis and a yield of 3.2%. Southern's dividend payout ratio is currently 76.09%.

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.