OLD Point Trust & Financial Services N A Has $6.76 Million Stock Holdings in Southern Company (The) $SO

OLD Point Trust & Financial Services N A cut its holdings in Southern Company (The) (NYSE:SO) by 2.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 73,583 shares of the utilities provider’s stock after selling 2,140 shares during the quarter. Southern comprises 2.4% of OLD Point Trust & Financial Services N A’s holdings, making the stock its 15th biggest position. OLD Point Trust & Financial Services N A’s holdings in Southern were worth $6,757,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Consolidated Portfolio Review Corp grew its position in shares of Southern by 4.3% in the 2nd quarter. Consolidated Portfolio Review Corp now owns 5,436 shares of the utilities provider’s stock valued at $499,000 after purchasing an additional 223 shares during the period. Liberty Capital Management Inc. boosted its position in Southern by 12.9% during the 2nd quarter. Liberty Capital Management Inc. now owns 2,756 shares of the utilities provider’s stock worth $253,000 after acquiring an additional 314 shares during the last quarter. Cooper Financial Group boosted its position in Southern by 24.6% during the 2nd quarter. Cooper Financial Group now owns 4,953 shares of the utilities provider’s stock worth $455,000 after acquiring an additional 977 shares during the last quarter. Parkside Investments LLC boosted its position in Southern by 1.0% during the 2nd quarter. Parkside Investments LLC now owns 82,141 shares of the utilities provider’s stock worth $7,543,000 after acquiring an additional 808 shares during the last quarter. Finally, First United Bank & Trust boosted its position in Southern by 5.8% during the 2nd quarter. First United Bank & Trust now owns 23,224 shares of the utilities provider’s stock worth $2,133,000 after acquiring an additional 1,272 shares during the last quarter. 64.10% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Kimberly S. Greene sold 13,158 shares of the stock in a transaction on 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 sale, the chief executive officer owned 93,661 shares in the company, valued at approximately $8,897,795. This represents a 12.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.16% of the company’s stock.

Southern Trading Up 0.9%

NYSE SO opened at $94.78 on Wednesday. The company has a market cap of $104.26 billion, a PE ratio of 24.37, a PEG ratio of 3.25 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. Southern Company has a 12 month low of $80.46 and a 12 month high of $96.44. The stock has a 50 day moving average of $93.50 and a 200-day moving average of $91.38.

Southern (NYSE:SO) last released its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.91 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.08). The company had revenue of $6.97 billion during the quarter, compared to analyst estimates of $6.70 billion. Southern had a net margin of 15.10% and a return on equity of 12.09%. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.10 EPS. Southern has set its Q3 2025 guidance at 1.500-1.500 EPS. FY 2025 guidance at 4.200-4.300 EPS. On average, equities research analysts anticipate that Southern Company will post 4.29 EPS for the current fiscal year.

Southern Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 8th. Investors of record on Monday, August 18th were paid a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Monday, August 18th. Southern’s dividend payout ratio is 76.09%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Mizuho upped their price target on Southern from $93.00 to $95.00 and gave the stock a “neutral” rating in a research report on Friday, August 1st. Barclays upped their price target on Southern from $90.00 to $91.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 16th. Wall Street Zen downgraded Southern from a “hold” rating to a “sell” rating in a research report on Saturday, August 2nd. Raymond James Financial assumed coverage on Southern in a research report on Friday, June 13th. They set an “outperform” rating and a $98.00 price target for the company. Finally, BMO Capital Markets upped their price target on Southern from $98.00 to $102.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 22nd. Four equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $95.08.

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.