Glenview Trust co Sells 4,210 Shares of Southern Company (The) $SO

Glenview Trust co lowered its position in shares of Southern Company (The) (NYSE:SO) by 22.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,198 shares of the utilities provider’s stock after selling 4,210 shares during the period. Glenview Trust co’s holdings in Southern were worth $1,306,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Miracle Mile Advisors LLC lifted its stake in Southern by 0.7% during the first quarter. Miracle Mile Advisors LLC now owns 15,928 shares of the utilities provider’s stock worth $1,465,000 after purchasing an additional 110 shares during the last quarter. Keudell Morrison Wealth Management lifted its stake in Southern by 1.1% during the first quarter. Keudell Morrison Wealth Management now owns 10,032 shares of the utilities provider’s stock worth $922,000 after purchasing an additional 110 shares during the last quarter. West Branch Capital LLC lifted its stake in Southern by 23.0% during the first quarter. West Branch Capital LLC now owns 616 shares of the utilities provider’s stock worth $57,000 after purchasing an additional 115 shares during the last quarter. PFW Advisors LLC lifted its stake in Southern by 1.9% during the first 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. lifted its stake in Southern by 1.4% during the first 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. Institutional investors own 64.10% of the company’s stock.

Insider Buying and Selling

In other Southern news, CEO Kimberly S. Greene sold 13,158 shares of the company’s stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $95.00, for a total transaction of $1,250,010.00. Following the completion of the transaction, the chief executive officer owned 93,661 shares of the company’s stock, valued at $8,897,795. This represents a 12.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.16% of the stock is owned by insiders.

Southern Trading Up 0.4%

SO opened at $91.54 on Thursday. The business has a 50 day simple moving average of $93.48 and a two-hundred day simple moving average of $91.07. The firm has a market capitalization of $100.69 billion, a price-to-earnings ratio of 23.53, a PEG ratio of 3.15 and a beta of 0.41. The company has a debt-to-equity ratio of 1.69, a current ratio of 0.74 and a quick ratio of 0.54. Southern Company has a one year low of $80.46 and a one year high of $96.44.

Southern (NYSE:SO) last released its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.91 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.08). The business had revenue of $6.97 billion for the quarter, compared to the consensus estimate of $6.70 billion. Southern had a net margin of 15.10% and a return on equity of 12.09%. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the previous year, the company earned $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. Analysts predict 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 given 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 yield of 3.2%. Southern’s dividend payout ratio is presently 76.09%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. JPMorgan Chase & Co. lifted their price target on Southern from $97.00 to $98.00 and gave the stock a “neutral” rating in a research note on Thursday, August 21st. Jefferies Financial Group upgraded Southern from a “hold” rating to a “buy” rating and decreased their price objective for the stock from $102.00 to $100.00 in a report on Thursday, June 5th. Wall Street Zen downgraded Southern from a “hold” rating to a “sell” rating in a report on Saturday, August 2nd. BMO Capital Markets lifted their price objective on Southern from $98.00 to $102.00 and gave the stock an “outperform” rating in a report on Tuesday, July 22nd. Finally, Barclays lifted their price objective on Southern from $90.00 to $91.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 16th. Five analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $94.92.

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.