Clarendon Private LLC Has $996,000 Stock Holdings in Southern Company (The) $SO

Clarendon Private LLC boosted its position in Southern Company (The) (NYSE:SO) by 14.8% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 10,846 shares of the utilities provider’s stock after purchasing an additional 1,396 shares during the period. Southern comprises 1.0% of Clarendon Private LLC’s holdings, making the stock its 27th largest position. Clarendon Private LLC’s holdings in Southern were worth $996,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Klein Pavlis & Peasley Financial Inc. acquired a new stake in Southern during the second quarter worth approximately $2,352,000. Intech Investment Management LLC lifted its position in Southern by 35.8% during the first quarter. Intech Investment Management LLC now owns 116,059 shares of the utilities provider’s stock worth $10,672,000 after acquiring an additional 30,618 shares during the last quarter. Investors Research Corp lifted its position in Southern by 1,982.6% during the second quarter. Investors Research Corp now owns 5,623 shares of the utilities provider’s stock worth $516,000 after acquiring an additional 5,353 shares during the last quarter. Czech National Bank lifted its position in Southern by 6.8% during the second quarter. Czech National Bank now owns 268,648 shares of the utilities provider’s stock worth $24,670,000 after acquiring an additional 17,111 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in Southern by 23.2% during the first quarter. GAMMA Investing LLC now owns 21,253 shares of the utilities provider’s stock worth $1,954,000 after acquiring an additional 4,005 shares during the last quarter. 64.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Southern

In related news, CEO Kimberly S. Greene sold 13,158 shares of the business’s stock in a transaction on Monday, July 21st. The shares were sold at an average price of $95.00, for a total value of $1,250,010.00. Following the transaction, the chief executive officer owned 93,661 shares in the company, valued at $8,897,795. The trade was a 12.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.16% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Morgan Stanley cut their price objective on shares of Southern from $94.00 to $92.00 and set an “equal weight” rating for the company in a research report on Thursday, September 25th. Wall Street Zen cut shares of Southern from a “hold” rating to a “sell” rating in a report on Saturday, August 2nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Southern in a report on Wednesday. UBS Group raised their target price on shares of Southern from $100.00 to $104.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Evercore ISI assumed coverage on shares of Southern in a report on Monday, October 6th. They set an “in-line” rating and a $103.00 target price on the stock. Four analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Southern presently has a consensus rating of “Hold” and a consensus target price of $96.31.

Southern Stock Performance

NYSE SO opened at $98.23 on Friday. The stock has a market cap of $108.06 billion, a PE ratio of 25.25, a PEG ratio of 3.40 and a beta of 0.43. The firm’s fifty day moving average price is $93.62 and its two-hundred day moving average price is $91.73. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.54 and a current ratio of 0.74. Southern Company has a fifty-two week low of $80.46 and a fifty-two week high of $98.36.

Southern (NYSE:SO) last announced its 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 company had revenue of $6.97 billion for the quarter, compared to the consensus estimate of $6.70 billion. Southern had a return on equity of 12.09% and a net margin of 15.10%.The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the prior year, the business 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, equities analysts expect that Southern Company will post 4.29 EPS for the current fiscal year.

Southern Announces Dividend

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

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.