Turtle Creek Wealth Advisors LLC Purchases Shares of 7,292 Southern Company (The) $SO

Key Points

• Turtle Creek Wealth Advisors LLC has purchased a new stake of 7,292 shares in Southern Company, valued at approximately $670,000.
• Southern Company reported $0.91 EPS for the last quarter, missing analyst expectations of $0.99, despite a year-over-year revenue increase of 7.9% to $6.97 billion.
• The company declared a quarterly dividend of $0.74, representing a 3.0% dividend yield, with a payout ratio of 76.09%.

Turtle Creek Wealth Advisors LLC purchased a new stake in Southern Company (The) (NYSE:SO - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 7,292 shares of the utilities provider's stock, valued at approximately $670,000.

A number of other large investors have also recently added to or reduced their stakes in SO. Nuveen LLC bought a new stake in shares of Southern during the 1st quarter worth about $510,229,000. Vanguard Group Inc. increased its position in 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 acquiring an additional 1,419,724 shares during the period. Adage Capital Partners GP L.L.C. increased its holdings in Southern by 125.4% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 1,349,200 shares of the utilities provider's stock valued at $124,059,000 after buying an additional 750,500 shares during the period. Jennison Associates LLC increased its holdings in Southern by 40.5% in the 1st quarter. Jennison Associates LLC now owns 2,161,929 shares of the utilities provider's stock valued at $198,789,000 after buying an additional 623,417 shares during the period. Finally, Assenagon Asset Management S.A. increased its holdings in Southern by 71.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,200,624 shares of the utilities provider's stock valued at $110,253,000 after buying an additional 499,996 shares during the period. Institutional investors and hedge funds own 64.10% of the company's stock.

Southern Stock Down 1.3%

Shares of NYSE SO opened at $98.44 on Friday. The company has a market capitalization of $108.29 billion, a P/E ratio of 25.31, a price-to-earnings-growth ratio of 3.53 and a beta of 0.43. Southern Company has a 52-week low of $80.46 and a 52-week high of $100.84. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.54 and a current ratio of 0.74. The company's 50 day moving average price is $93.94 and its 200-day moving average price is $91.95.

Southern (NYSE:SO - Get Free Report) last released its earnings results on Thursday, July 31st. The utilities provider reported $0.91 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $6.70 billion. During the same quarter in the previous year, the firm earned $1.10 EPS. The firm's revenue 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. Equities analysts forecast that Southern Company will post 4.29 earnings per share for the current year.

Southern Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 8th. Stockholders of record on Monday, August 18th were paid a $0.74 dividend. The ex-dividend date was Monday, August 18th. This represents a $2.96 annualized dividend and a dividend yield of 3.0%. Southern's dividend payout ratio is presently 76.09%.

Analyst Ratings Changes

SO has been the topic of several recent analyst reports. Wall Street Zen lowered shares of Southern from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. UBS Group raised their target price on shares of Southern from $100.00 to $104.00 and gave the company a "neutral" rating in a report on Friday, October 10th. Mizuho lifted their price target on shares of Southern from $93.00 to $95.00 and gave the company a "neutral" rating in a report on Friday, August 1st. TD Cowen assumed coverage on shares of Southern in a report on Thursday. They set a "buy" rating and a $112.00 price target on the stock. Finally, Cowen assumed coverage on shares of Southern in a report on Wednesday. They set a "buy" rating on the stock. Six research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $98.57.

Insider Activity

In other news, CEO Kimberly S. Greene sold 13,158 shares of the company's 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 $8,897,795. This represents a 12.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.16% of the stock is currently owned by insiders.

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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