IMG Wealth Management Inc. Invests $38,000 in Southern Company (The) $SO

IMG Wealth Management Inc. purchased a new position in Southern Company (The) (NYSE:SO) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 409 shares of the utilities provider’s stock, valued at approximately $38,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Advantage Trust Co increased its position in Southern by 1,428.6% during the second quarter. Advantage Trust Co now owns 321 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 300 shares during the last quarter. Whittier Trust Co. increased its position in Southern by 26.2% during the second quarter. Whittier Trust Co. now owns 1,503 shares of the utilities provider’s stock worth $138,000 after purchasing an additional 312 shares during the last quarter. Aurora Investment Counsel increased its position in Southern by 1.9% during the second quarter. Aurora Investment Counsel now owns 28,017 shares of the utilities provider’s stock worth $2,573,000 after purchasing an additional 513 shares during the last quarter. Klingman & Associates LLC increased its position in Southern by 4.8% during the second quarter. Klingman & Associates LLC now owns 4,111 shares of the utilities provider’s stock worth $378,000 after purchasing an additional 189 shares during the last quarter. Finally, Avidian Wealth Enterprises LLC increased its position in Southern by 2.3% during the second quarter. Avidian Wealth Enterprises LLC now owns 4,697 shares of the utilities provider’s stock worth $431,000 after purchasing an additional 106 shares during the last quarter. 64.10% of the stock is owned by hedge funds and other institutional investors.

Southern Trading Up 0.0%

Shares of SO stock opened at $97.80 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 stock has a market capitalization of $107.59 billion, a P/E ratio of 25.14, a price-to-earnings-growth ratio of 3.46 and a beta of 0.43. The company has a 50 day moving average price of $94.06 and a 200 day moving average price of $92.05. Southern Company has a fifty-two week low of $80.46 and a fifty-two week high of $100.83.

Southern (NYSE:SO) last announced its quarterly earnings data 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). The business had revenue of $6.97 billion during the quarter, compared to analyst estimates of $6.70 billion. Southern had a net margin of 15.10% and a return on equity of 12.09%. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. 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. Equities research analysts predict that Southern Company will post 4.29 EPS for the current fiscal year.

Southern Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 8th. Investors of record on Monday, November 17th will be issued a $0.74 dividend. The ex-dividend date is Monday, November 17th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 3.0%. Southern’s payout ratio is 76.09%.

Analyst Ratings Changes

Several research firms recently issued reports on SO. TD Cowen began coverage on shares of Southern in a research report on Thursday, October 16th. They set a “buy” rating and a $112.00 price objective for the company. BMO Capital Markets raised their price objective 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. raised their price objective on shares of Southern from $97.00 to $98.00 and gave the stock a “neutral” rating in a research report on Thursday, August 21st. Morgan Stanley dropped their price target 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. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Southern in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $98.83.

Southern Company 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.