Southern Company (The) $SO Stock Holdings Raised by PensionDanmark Pensionsforsikringsaktieselskab

Key Points

• PensionDanmark increased its Southern Company stake by 10.8% in the second quarter, adding 18,800 shares for a total of 192,080 shares valued at approximately $18.4 million. Institutional investors collectively own 64.1% of the company.
• Southern reported quarterly EPS of $1.13, beating the $1.01 consensus estimate, while revenue of $6.98 billion fell short of expectations. Analysts maintain a consensus “Hold” rating with an average price target of $100.26.
• The company declared a quarterly dividend of $0.76 per share, representing an annualized dividend of $3.04 and a 3.3% yield.

PensionDanmark Pensionsforsikringsaktieselskab grew its stake in Southern Company (The) (NYSE:SO - Free Report) by 10.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 192,080 shares of the utilities provider's stock after purchasing an additional 18,800 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab's holdings in Southern were worth $18,384,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Evergreen Advisors LLC bought a new position in Southern during the 1st quarter worth approximately $25,000. Scarborough Advisors LLC bought a new stake in shares of Southern in the 1st quarter valued at approximately $25,000. Ankerstar Wealth LLC bought a new stake in shares of Southern in the 4th quarter valued at approximately $25,000. Cornerstone Financial Management LLC acquired a new stake in shares of Southern during the 4th quarter valued at approximately $27,000. Finally, J.Safra Asset Management Corp acquired a new stake in shares of Southern during the 4th quarter valued at approximately $27,000. Institutional investors own 64.10% of the company's stock.

Wall Street Analyst Weigh In

SO has been the subject of a number of research reports. Jefferies Financial Group set a $99.00 price objective on shares of Southern in a report on Monday, June 22nd. KeyCorp cut shares of Southern from a "sector weight" rating to an "underweight" rating and set a $79.00 target price on the stock. in a report on Thursday, July 23rd. Seaport Research Partners downgraded shares of Southern from a "buy" rating to a "neutral" rating in a research report on Monday, April 20th. Citigroup reaffirmed a "buy" rating on shares of Southern in a report on Friday, April 10th. Finally, Truist Financial lowered their price objective on shares of Southern from $103.00 to $100.00 and set a "hold" rating for the company in a research report on Friday, May 29th. Seven equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $100.26.

Southern Trading Down 0.1%

NYSE:SO opened at $92.83 on Friday. The firm has a market capitalization of $106.79 billion, a P/E ratio of 22.26, a P/E/G ratio of 1.79 and a beta of 0.34. The business has a 50 day simple moving average of $94.56 and a 200 day simple moving average of $94.17. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.79 and a quick ratio of 0.59. Southern Company has a 12-month low of $83.80 and a 12-month high of $100.83.

Southern (NYSE:SO - Get Free Report) last issued its earnings results on Wednesday, July 29th. The utilities provider reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.12. The firm had revenue of $6.98 billion for the quarter, compared to analyst estimates of $7.23 billion. Southern had a return on equity of 12.93% and a net margin of 15.43%.The firm's revenue for the quarter was up .1% on a year-over-year basis. During the same period last year, the company earned $0.79 earnings per share. Equities research analysts predict that Southern Company will post 4.58 EPS for the current year.

Southern Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, August 17th will be given a dividend of $0.76 per share. The ex-dividend date is Monday, August 17th. This represents a $3.04 annualized dividend and a dividend yield of 3.3%. Southern's dividend payout ratio is currently 72.90%.

About Southern

Southern Company NYSE: SO is an Atlanta-based energy holding company that provides electric and gas utility services and owns power generation assets across the United States. Founded in 1945, the company operates a portfolio of regulated electric utilities and affiliated businesses that generate, transmit and distribute electricity to residential, commercial and industrial customers.

Southern's principal regulated electric subsidiaries include Georgia Power, Alabama Power and Mississippi Power, which serve large portions of the southeastern United States.

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