Southern Company (The) $SO Stock Holdings Trimmed by GLOBALT Investments LLC GA

Key Points

• GLOBALT Investments LLC GA reduced its stake in Southern Company by 4.5%, leaving it with 76,117 shares valued at approximately $6.99 million.
• Southern Company recently reported a Q2 earnings per share of $0.91, missing estimates by $0.08 but showing a 7.9% year-over-year revenue increase with $6.97 billion.
• The company declared a quarterly dividend of $0.74 to be paid in December, representing an annualized dividend yield of 3.1%.

GLOBALT Investments LLC GA lessened its stake in Southern Company (The) (NYSE:SO - Free Report) by 4.5% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 76,117 shares of the utilities provider's stock after selling 3,618 shares during the period. GLOBALT Investments LLC GA's holdings in Southern were worth $6,990,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in SO. Ameriflex Group Inc. boosted its stake in Southern by 275.0% during the 2nd quarter. Ameriflex Group Inc. now owns 300 shares of the utilities provider's stock valued at $27,000 after purchasing an additional 220 shares in the last quarter. Cheviot Value Management LLC acquired a new position in shares of Southern in the 1st quarter worth approximately $28,000. Advantage Trust Co raised its holdings in shares of Southern by 1,428.6% in the 2nd quarter. Advantage Trust Co now owns 321 shares of the utilities provider's stock worth $29,000 after purchasing an additional 300 shares in the last quarter. Financial Connections Group Inc. bought a new stake in Southern during the first quarter worth approximately $33,000. Finally, Accredited Wealth Management LLC acquired a new position in Southern in the first quarter worth approximately $36,000. 64.10% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Morgan Stanley reiterated an "outperform" rating and set a $99.00 price objective on shares of Southern in a research report on Wednesday. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Southern in a report on Wednesday, October 8th. Cowen started coverage on Southern in a research report on Wednesday, October 15th. They issued a "buy" rating for the company. Barclays set a $70.00 price objective on Southern in a report on Tuesday, October 14th. Finally, BMO Capital Markets raised their target price on shares of Southern from $98.00 to $102.00 and gave the stock an "outperform" rating in a report on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $99.30.

Southern Stock Down 1.4%

Shares of Southern stock opened at $96.14 on Friday. Southern Company has a 1 year low of $80.46 and a 1 year high of $100.83. The company has a market cap of $105.76 billion, a P/E ratio of 24.71, a P/E/G ratio of 3.45 and a beta of 0.43. The company has a current ratio of 0.74, a quick ratio of 0.54 and a debt-to-equity ratio of 1.69. The stock has a 50-day moving average price of $94.21 and a 200 day moving average price of $92.18.

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 analysts' consensus estimates of $0.99 by ($0.08). Southern had a net margin of 15.10% and a return on equity of 12.09%. The business had revenue of $6.97 billion during the quarter, compared to analyst estimates of $6.70 billion. During the same quarter in the prior year, the company earned $1.10 EPS. Southern's revenue for the quarter was up 7.9% on a year-over-year basis. Southern has set its Q3 2025 guidance at 1.500-1.500 EPS. FY 2025 guidance at 4.200-4.300 EPS. As a group, analysts expect that Southern Company will post 4.29 EPS for the current fiscal year.

Southern Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 8th. Stockholders of record on Monday, November 17th will be paid a $0.74 dividend. The ex-dividend date of this dividend is Monday, November 17th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 3.1%. Southern's dividend payout ratio 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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