Southern Company (The) $SO Stock Position Lifted by Cornerstone Wealth Group LLC

Cornerstone Wealth Group LLC grew its position in shares of Southern Company (The) (NYSE:SO) by 0.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 91,413 shares of the utilities provider’s stock after buying an additional 778 shares during the period. Cornerstone Wealth Group LLC’s holdings in Southern were worth $8,394,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Keudell Morrison Wealth Management lifted its holdings in Southern by 1.1% during the 1st quarter. Keudell Morrison Wealth Management now owns 10,032 shares of the utilities provider’s stock worth $922,000 after buying an additional 110 shares during the last quarter. McGlone Suttner Wealth Management Inc. lifted its holdings in shares of Southern by 1.4% in the 1st quarter. McGlone Suttner Wealth Management Inc. now owns 8,565 shares of the utilities provider’s stock worth $788,000 after purchasing an additional 116 shares during the last quarter. KPP Advisory Services LLC lifted its holdings in shares of Southern by 1.0% in the 2nd quarter. KPP Advisory Services LLC now owns 11,392 shares of the utilities provider’s stock worth $1,046,000 after purchasing an additional 117 shares during the last quarter. MBE Wealth Management LLC lifted its holdings in shares of Southern by 4.4% in the 1st quarter. MBE Wealth Management LLC now owns 2,827 shares of the utilities provider’s stock worth $260,000 after purchasing an additional 118 shares during the last quarter. Finally, Coastal Bridge Advisors LLC lifted its holdings in shares of Southern by 0.4% in the 1st quarter. Coastal Bridge Advisors LLC now owns 32,627 shares of the utilities provider’s stock worth $3,000,000 after purchasing an additional 119 shares during the last quarter. Institutional investors own 64.10% of the company’s stock.

Southern Stock Down 0.1%

Shares of Southern stock opened at $98.15 on Tuesday. The business’s fifty day moving average price is $93.67 and its two-hundred day moving average price is $91.79. The company has a debt-to-equity ratio of 1.69, a current ratio of 0.74 and a quick ratio of 0.54. The company has a market capitalization of $107.97 billion, a P/E ratio of 25.23, a PEG ratio of 3.40 and a beta of 0.43. Southern Company has a 1-year low of $80.46 and a 1-year high of $98.42.

Southern (NYSE:SO) last announced its earnings results on Thursday, July 31st. The utilities provider reported $0.91 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $6.70 billion. During the same period 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. As a group, research analysts forecast that Southern Company will post 4.29 EPS for the current year.

Southern Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 8th. Shareholders of record on Monday, August 18th were issued a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Monday, August 18th. Southern’s dividend payout ratio is presently 76.09%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SO. Mizuho raised their price target on Southern from $93.00 to $95.00 and gave the stock a “neutral” rating in a report on Friday, August 1st. Barclays raised their price target on Southern from $90.00 to $91.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 16th. Weiss Ratings reissued a “buy (b)” rating on shares of Southern in a report on Wednesday, October 8th. Scotiabank reissued a “sector perform” rating and issued a $99.00 price target on shares of Southern in a report on Friday, October 3rd. Finally, JPMorgan Chase & Co. lifted their target price on Southern from $97.00 to $98.00 and gave the company a “neutral” rating in a research note on Thursday, August 21st. Four research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $96.31.

Insider Buying and Selling at Southern

In other news, CEO Kimberly S. Greene sold 13,158 shares of Southern stock in a transaction that occurred 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 transaction, the chief executive officer owned 93,661 shares of the company’s stock, valued at $8,897,795. The trade was a 12.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.16% of the company’s stock.

About Southern

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.