Baker Boyer National Bank Sells 109 Shares of Southern Company (The) $SO

Baker Boyer National Bank trimmed its position in shares of Southern Company (The) (NYSE:SO) by 1.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,582 shares of the utilities provider’s stock after selling 109 shares during the period. Baker Boyer National Bank’s holdings in Southern were worth $696,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Keudell Morrison Wealth Management grew its stake in shares of Southern by 1.1% in the 1st quarter. Keudell Morrison Wealth Management now owns 10,032 shares of the utilities provider’s stock valued at $922,000 after purchasing an additional 110 shares during the period. McGlone Suttner Wealth Management Inc. grew its position in Southern by 1.4% during the 1st quarter. McGlone Suttner Wealth Management Inc. now owns 8,565 shares of the utilities provider’s stock worth $788,000 after acquiring an additional 116 shares during the last quarter. KPP Advisory Services LLC grew its position in Southern by 1.0% during the 2nd quarter. KPP Advisory Services LLC now owns 11,392 shares of the utilities provider’s stock worth $1,046,000 after acquiring an additional 117 shares during the last quarter. MBE Wealth Management LLC grew its position in Southern by 4.4% during the 1st quarter. MBE Wealth Management LLC now owns 2,827 shares of the utilities provider’s stock worth $260,000 after acquiring an additional 118 shares during the last quarter. Finally, Coastal Bridge Advisors LLC grew its position in Southern by 0.4% during the 1st quarter. Coastal Bridge Advisors LLC now owns 32,627 shares of the utilities provider’s stock worth $3,000,000 after acquiring an additional 119 shares during the last quarter. 64.10% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on SO shares. Mizuho increased 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. Scotiabank reaffirmed a “sector perform” rating and set a $99.00 price objective on shares of Southern in a report on Friday, October 3rd. Barclays upped 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. Morgan Stanley cut their price target on Southern from $94.00 to $92.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 25th. Finally, JPMorgan Chase & Co. increased their price target 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 given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $96.31.

Southern Price Performance

SO opened at $98.15 on Tuesday. The company has a quick ratio of 0.54, a current ratio of 0.74 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 $98.42. The company has a fifty day simple moving average of $93.67 and a 200 day simple moving average of $91.79. The stock has a market cap of $107.97 billion, a P/E ratio of 25.23, a P/E/G ratio of 3.40 and a beta of 0.43.

Southern (NYSE:SO) last released 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 net margin of 15.10% and a return on equity of 12.09%. The firm had revenue of $6.97 billion during the quarter, compared to the consensus estimate of $6.70 billion. During the same quarter in the prior year, the company earned $1.10 EPS. Southern’s quarterly 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. On average, research analysts expect that Southern Company will post 4.29 EPS for the current year.

Southern Dividend Announcement

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

Insider Transactions at Southern

In other Southern news, CEO Kimberly S. Greene sold 13,158 shares of the stock in a transaction dated 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 in the company, valued at approximately $8,897,795. This represents a 12.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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.