State of Alaska Department of Revenue Sells 5,055 Shares of Southern Company (The) $SO

Key Points

• The State of Alaska Department of Revenue has reduced its holdings in Southern Company by 3.9%, selling 5,055 shares and retaining a total of 123,339 shares valued at approximately $11.3 million.
• Southern Company reported earnings of $0.91 per share in its latest quarter, missing analysts' expectations, but showed a 7.9% increase in revenue year-over-year, totaling $6.97 billion.
• Southern Company recently announced a quarterly dividend of $0.74 per share, reflecting an annualized dividend yield of 3.1% with a payout ratio of 76.09%.

State of Alaska Department of Revenue lowered its position in shares of Southern Company (The) (NYSE:SO - Free Report) by 3.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 123,339 shares of the utilities provider's stock after selling 5,055 shares during the quarter. State of Alaska Department of Revenue's holdings in Southern were worth $11,326,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Miracle Mile Advisors LLC boosted its stake in shares of Southern by 0.7% in the 1st quarter. Miracle Mile Advisors LLC now owns 15,928 shares of the utilities provider's stock valued at $1,465,000 after purchasing an additional 110 shares during the last quarter. Keudell Morrison Wealth Management raised its position in shares of Southern by 1.1% during the 1st quarter. Keudell Morrison Wealth Management now owns 10,032 shares of the utilities provider's stock valued at $922,000 after acquiring an additional 110 shares during the last quarter. West Branch Capital LLC lifted its stake in shares of Southern by 23.0% in the 1st quarter. West Branch Capital LLC now owns 616 shares of the utilities provider's stock valued at $57,000 after purchasing an additional 115 shares during the period. PFW Advisors LLC boosted its position in shares of Southern by 1.9% in the 1st quarter. PFW Advisors LLC now owns 6,114 shares of the utilities provider's stock worth $562,000 after purchasing an additional 116 shares during the last quarter. Finally, McGlone Suttner Wealth Management Inc. increased its holdings in Southern by 1.4% in the first quarter. McGlone Suttner Wealth Management Inc. now owns 8,565 shares of the utilities provider's stock valued at $788,000 after purchasing an additional 116 shares during the last quarter. Institutional investors own 64.10% of the company's stock.

Southern Stock Up 0.9%

Southern stock opened at $94.54 on Friday. Southern Company has a 1-year low of $80.46 and a 1-year high of $96.44. The company has a market cap of $104.00 billion, a P/E ratio of 24.30, a price-to-earnings-growth ratio of 3.27 and a beta of 0.41. 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 company has a fifty day simple moving average of $93.54 and a 200 day simple moving average of $91.32.

Southern (NYSE:SO - Get Free Report) last posted its quarterly 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 company had revenue of $6.97 billion during the quarter, compared to the consensus estimate of $6.70 billion. During the same quarter in the prior year, the business earned $1.10 earnings per share. The firm'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. Research analysts anticipate 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. Stockholders of record on Monday, August 18th were paid a dividend of $0.74 per share. The ex-dividend date was Monday, August 18th. This represents a $2.96 annualized dividend and a dividend yield of 3.1%. Southern's payout ratio is currently 76.09%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on SO shares. Raymond James Financial initiated coverage on Southern in a research report on Friday, June 13th. They set an "outperform" rating and a $98.00 target price for the company. BMO Capital Markets boosted their price objective on shares of Southern from $98.00 to $102.00 and gave the company an "outperform" rating in a report on Tuesday, July 22nd. Scotiabank upped their price objective 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. Morgan Stanley reduced their target price on Southern from $94.00 to $92.00 and set an "equal weight" rating on the stock in a report on Thursday. Finally, JPMorgan Chase & Co. increased their price target on Southern from $97.00 to $98.00 and gave the stock a "neutral" rating in a report on Thursday, August 21st. Four analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Southern currently has a consensus rating of "Hold" and a consensus price target of $95.08.

Insider Activity

In related news, CEO Kimberly S. Greene sold 13,158 shares of the firm's stock in a transaction dated 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 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.16% of the company's stock.

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.

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