Southern Company (The) $SO Holdings Boosted by Resonant Capital Advisors LLC

Resonant Capital Advisors LLC grew its holdings in shares of Southern Company (The) (NYSE:SO) by 32.0% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 3,513 shares of the utilities provider’s stock after purchasing an additional 852 shares during the quarter. Resonant Capital Advisors LLC’s holdings in Southern were worth $323,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Wealthfront Advisers LLC raised its holdings in shares of Southern by 4.2% during the second quarter. Wealthfront Advisers LLC now owns 165,089 shares of the utilities provider’s stock valued at $15,160,000 after buying an additional 6,584 shares during the last quarter. New Hampshire Trust raised its holdings in shares of Southern by 11.1% during the second quarter. New Hampshire Trust now owns 3,936 shares of the utilities provider’s stock valued at $361,000 after buying an additional 393 shares during the last quarter. Cabot Wealth Management Inc. raised its holdings in shares of Southern by 3.9% during the second quarter. Cabot Wealth Management Inc. now owns 4,005 shares of the utilities provider’s stock valued at $368,000 after buying an additional 150 shares during the last quarter. Brighton Jones LLC raised its holdings in shares of Southern by 3.6% during the second quarter. Brighton Jones LLC now owns 14,160 shares of the utilities provider’s stock valued at $1,300,000 after buying an additional 496 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC raised its holdings in shares of Southern by 4.4% during the second quarter. Linden Thomas Advisory Services LLC now owns 24,862 shares of the utilities provider’s stock valued at $2,283,000 after buying an additional 1,044 shares during the last quarter. Institutional investors own 64.10% of the company’s stock.

Southern Trading Down 0.3%

Southern stock opened at $95.62 on Tuesday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.54 and a current ratio of 0.74. The firm has a market cap of $105.19 billion, a price-to-earnings ratio of 24.58, a price-to-earnings-growth ratio of 3.39 and a beta of 0.43. Southern Company has a 1 year low of $80.46 and a 1 year high of $100.83. The firm’s 50 day moving average price is $94.31 and its two-hundred day moving average price is $92.36.

Southern (NYSE:SO) last posted its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.08). The business had revenue of $6.97 billion during the quarter, compared to analyst estimates of $6.70 billion. Southern had a return on equity of 12.09% and a net margin of 15.10%.The company’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the firm 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, research analysts predict that Southern Company will post 4.29 EPS for the current fiscal year.

Southern Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 8th. Shareholders of record on Monday, November 17th will be 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 is Monday, November 17th. Southern’s payout ratio is presently 76.09%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on SO. Morgan Stanley reissued an “outperform” rating and set a $99.00 target price on shares of Southern in a report on Wednesday, October 22nd. Evercore ISI began coverage on Southern in a report on Monday, October 6th. They set an “in-line” rating and a $103.00 target price on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Southern in a report on Wednesday, October 8th. TD Cowen began coverage on Southern in a report on Thursday, October 16th. They set a “buy” rating and a $112.00 target price on the stock. Finally, Barclays set a $70.00 target price on Southern in a report on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Southern has a consensus rating of “Hold” and an average target price of $99.66.

Southern 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.