NBT Bank N A NY lessened its stake in shares of Southern Company (The) (NYSE:SO – Free Report) by 4.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,499 shares of the utilities provider’s stock after selling 952 shares during the quarter. NBT Bank N A NY’s holdings in Southern were worth $1,974,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Klein Pavlis & Peasley Financial Inc. bought a new position in Southern in the 2nd quarter valued at $2,352,000. Intech Investment Management LLC raised its position in Southern by 35.8% in the 1st quarter. Intech Investment Management LLC now owns 116,059 shares of the utilities provider’s stock valued at $10,672,000 after purchasing an additional 30,618 shares during the last quarter. Investors Research Corp raised its position in Southern by 1,982.6% in the 2nd quarter. Investors Research Corp now owns 5,623 shares of the utilities provider’s stock valued at $516,000 after purchasing an additional 5,353 shares during the last quarter. Czech National Bank raised its position in Southern by 6.8% in the 2nd quarter. Czech National Bank now owns 268,648 shares of the utilities provider’s stock valued at $24,670,000 after purchasing an additional 17,111 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in Southern by 23.2% in the 1st quarter. GAMMA Investing LLC now owns 21,253 shares of the utilities provider’s stock valued at $1,954,000 after purchasing an additional 4,005 shares during the last quarter. Institutional investors own 64.10% of the company’s stock.
Insider Transactions at Southern
In other Southern news, CEO Kimberly S. Greene sold 13,158 shares of the business’s stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $95.00, for a total value of $1,250,010.00. Following the completion of the transaction, the chief executive officer directly owned 93,661 shares of the company’s stock, valued at approximately $8,897,795. The trade was a 12.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.16% of the company’s stock.
Southern Stock Down 0.3%
Southern (NYSE:SO – Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.91 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.08). Southern had a return on equity of 12.09% and a net margin of 15.10%.The company had revenue of $6.97 billion for the quarter, compared to analyst estimates of $6.70 billion. During the same period last year, the firm earned $1.10 earnings per share. The firm’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. Research analysts predict that Southern Company will post 4.29 EPS for the current year.
Southern Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 8th. Investors of record on Monday, August 18th were paid a dividend of $0.74 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 3.1%. Southern’s payout ratio is 76.09%.
Analysts Set New Price Targets
Several brokerages have issued reports on SO. JPMorgan Chase & Co. lifted their price objective on Southern from $97.00 to $98.00 and gave the company a “neutral” rating in a research report on Thursday, August 21st. Scotiabank restated a “sector perform” rating and set a $99.00 target price on shares of Southern in a research report on Friday, October 3rd. Morgan Stanley dropped their target price on Southern from $94.00 to $92.00 and set an “equal weight” rating for the company in a research report on Thursday, September 25th. Weiss Ratings restated a “buy (b)” rating on shares of Southern in a research report on Wednesday. Finally, Wall Street Zen downgraded Southern from a “hold” rating to a “sell” rating in a research report on Saturday, August 2nd. Four analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $95.77.
View Our Latest Stock Report on SO
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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