Trinity Legacy Partners LLC Purchases 424 Shares of Southern Company (The) $SO

Trinity Legacy Partners LLC boosted its stake in Southern Company (The) (NYSE:SO) by 0.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 59,974 shares of the utilities provider’s stock after purchasing an additional 424 shares during the quarter. Southern comprises about 1.4% of Trinity Legacy Partners LLC’s investment portfolio, making the stock its 26th largest holding. Trinity Legacy Partners LLC’s holdings in Southern were worth $5,596,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Intech Investment Management LLC increased its holdings in Southern by 35.8% in the first quarter. Intech Investment Management LLC now owns 116,059 shares of the utilities provider’s stock valued at $10,672,000 after purchasing an additional 30,618 shares during the last quarter. Klein Pavlis & Peasley Financial Inc. bought a new stake in Southern in the second quarter valued at about $2,352,000. Investors Research Corp increased its holdings in Southern by 1,982.6% in the second quarter. Investors Research Corp now owns 5,623 shares of the utilities provider’s stock valued at $516,000 after purchasing an additional 5,353 shares during the last quarter. Czech National Bank increased its holdings in Southern by 6.8% in the second quarter. Czech National Bank now owns 268,648 shares of the utilities provider’s stock valued at $24,670,000 after purchasing an additional 17,111 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in Southern by 23.2% in the first quarter. GAMMA Investing LLC now owns 21,253 shares of the utilities provider’s stock valued at $1,954,000 after purchasing an additional 4,005 shares during the last quarter. Institutional investors own 64.10% of the company’s stock.

Insider Buying and Selling at Southern

In related news, CEO Kimberly S. Greene sold 13,158 shares of the 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 directly owned 93,661 shares of the company’s stock, valued at approximately $8,897,795. This represents a 12.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.16% of the stock is owned by corporate insiders.

Southern Stock Down 1.0%

SO stock opened at $93.84 on Friday. 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 stock has a market capitalization of $103.23 billion, a P/E ratio of 24.12, a P/E/G ratio of 3.28 and a beta of 0.43. The business has a 50-day moving average of $93.47 and a 200-day moving average of $91.43. Southern Company has a fifty-two week low of $80.46 and a fifty-two week high of $96.44.

Southern (NYSE:SO) last posted its quarterly earnings data 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). The firm had revenue of $6.97 billion for 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 firm’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.10 earnings per share. Southern has set its Q3 2025 guidance at 1.500-1.500 EPS. FY 2025 guidance at 4.200-4.300 EPS. On average, sell-side analysts anticipate 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. Stockholders of record on Monday, August 18th were given a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Monday, August 18th. Southern’s dividend payout ratio is currently 76.09%.

Analyst Upgrades and Downgrades

SO has been the subject of a number of recent analyst reports. Mizuho upped their price objective on Southern from $93.00 to $95.00 and gave the company a “neutral” rating in a report on Friday, August 1st. Morgan Stanley decreased their target price on Southern from $94.00 to $92.00 and set an “equal weight” rating for the company in a research note on Thursday, September 25th. Raymond James Financial initiated coverage on Southern in a research note on Friday, June 13th. They issued an “outperform” rating and a $98.00 target price for the company. Wall Street Zen cut Southern from a “hold” rating to a “sell” rating in a research note on Saturday, August 2nd. Finally, BMO Capital Markets boosted their target price on Southern from $98.00 to $102.00 and gave the company an “outperform” rating in a research note on Tuesday, July 22nd. Four analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Southern has an average rating of “Hold” and an average price target of $95.08.

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.