RMG Wealth Management LLC Acquires New Holdings in Southern Company (The) $SO

RMG Wealth Management LLC acquired a new position in Southern Company (The) (NYSE:SO) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,672 shares of the utilities provider’s stock, valued at approximately $157,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Ameriflex Group Inc. raised its position in shares of Southern by 275.0% during the 2nd quarter. Ameriflex Group Inc. now owns 300 shares of the utilities provider’s stock worth $27,000 after buying an additional 220 shares in the last quarter. Cheviot Value Management LLC acquired a new position in shares of Southern during the first quarter valued at approximately $28,000. Financial Connections Group Inc. bought a new stake in Southern during the first quarter worth approximately $33,000. Accredited Wealth Management LLC acquired a new stake in Southern in the first quarter worth approximately $36,000. Finally, Rossby Financial LCC acquired a new stake in Southern in the first quarter worth approximately $39,000. Institutional investors own 64.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on SO shares. Morgan Stanley lowered their price target on Southern from $94.00 to $92.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 25th. Wall Street Zen cut Southern from a “hold” rating to a “sell” rating in a research note on Saturday, August 2nd. BMO Capital Markets boosted their price target on shares of Southern from $98.00 to $102.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. upped their price target on shares of Southern from $97.00 to $98.00 and gave the company a “neutral” rating in a report on Thursday, August 21st. Finally, Raymond James Financial began coverage on shares of Southern in a research report on Friday, June 13th. They set an “outperform” rating and a $98.00 price objective for the company. Four analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Southern currently has an average rating of “Hold” and an average price target of $95.77.

Insiders Place Their Bets

In other 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 completion of the sale, the chief executive officer owned 93,661 shares in the company, valued at $8,897,795. This represents a 12.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.16% of the company’s stock.

Southern Stock Performance

Shares of NYSE SO opened at $95.46 on Tuesday. The stock’s fifty day simple moving average is $93.47 and its 200 day simple moving average is $91.52. The stock has a market capitalization of $105.01 billion, a price-to-earnings ratio of 24.54, a PEG ratio of 3.27 and a beta of 0.43. 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 52-week low of $80.46 and a 52-week high of $96.44.

Southern (NYSE:SO) last released its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.91 earnings per share 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 company had revenue of $6.97 billion during the quarter, compared to analyst estimates of $6.70 billion. During the same quarter last year, the business earned $1.10 EPS. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. 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, sell-side analysts forecast that Southern Company will post 4.29 earnings per share for the current fiscal year.

Southern Announces Dividend

The company also recently disclosed 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. This represents a $2.96 annualized dividend and a yield of 3.1%. The ex-dividend date was Monday, August 18th. Southern’s payout ratio is presently 76.09%.

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.