Southern Company (The) $SO Stock: Calamos Wealth Management LLC Trims Position

Calamos Wealth Management LLC lowered its stake in shares of Southern Company (The) (NYSE:SO) by 76.0% during the third quarter, Holdings Channel reports. The fund owned 213,083 shares of the utilities provider’s stock after selling 675,561 shares during the quarter. Calamos Wealth Management LLC’s holdings in Southern were worth $17,662,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its holdings in Southern by 4.9% in the 1st quarter. Bank of America Corp DE now owns 8,380,592 shares of the utilities provider’s stock valued at $808,895,000 after purchasing an additional 392,210 shares in the last quarter. Legal & General Group Plc purchased a new stake in shares of Southern during the second quarter worth about $737,256,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Southern by 9.8% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,681,674 shares of the utilities provider’s stock valued at $543,793,000 after buying an additional 508,149 shares during the last quarter. Swiss National Bank raised its position in shares of Southern by 7.2% in the first quarter. Swiss National Bank now owns 3,231,400 shares of the utilities provider’s stock valued at $311,895,000 after buying an additional 216,900 shares during the last quarter. Finally, National Pension Service lifted its stake in shares of Southern by 1.9% during the second quarter. National Pension Service now owns 2,932,978 shares of the utilities provider’s stock valued at $280,715,000 after buying an additional 54,111 shares during the period. Hedge funds and other institutional investors own 64.10% of the company’s stock.

Southern Stock Down 1.3%

NYSE:SO traded down $1.18 during mid-day trading on Friday, hitting $92.16. The company had a trading volume of 7,595,511 shares, compared to its average volume of 5,663,217. The firm has a market capitalization of $106.02 billion, a price-to-earnings ratio of 20.99, a PEG ratio of 2.49 and a beta of 0.30. The company has a current ratio of 0.79, a quick ratio of 0.59 and a debt-to-equity ratio of 1.62. Southern Company has a 1 year low of $81.69 and a 1 year high of $99.58. The business has a fifty day simple moving average of $88.16 and a 200-day simple moving average of $92.48.

Southern (NYSE:SO) last released its quarterly earnings results on Thursday, November 5th. The utilities provider reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.71 by $0.23. Southern had a return on equity of 12.93% and a net margin of 15.43%. The firm had revenue of $8.84 billion during the quarter, compared to analysts’ expectations of $8.38 billion. During the same quarter in the prior year, the business earned $1.54 EPS. Southern’s quarterly revenue was up 13.0% compared to the same quarter last year. Equities analysts forecast that Southern Company will post 4.59 earnings per share for the current fiscal year.

Southern Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 7th. Investors of record on Monday, November 16th will be paid a $0.76 dividend. The ex-dividend date is Monday, November 16th. This represents a $3.04 annualized dividend and a dividend yield of 3.3%. Southern’s payout ratio is 69.25%.

Southern News Roundup

Here are the key news stories impacting Southern this week:

• Positive Sentiment: Third-quarter adjusted EPS of $1.94 beat the $1.71 consensus estimate, while revenue rose 13% year over year to $8.84 billion, also ahead of expectations. The company’s earnings release reported $1.77 per share on its stated basis, compared with $1.55 a year earlier. Article: Southern Co. Q3 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Management highlighted surging data-center demand and 21 GW of large-load contracts. Its 2026 EPS guidance of $4.70 is above the $4.59 consensus, and 2028 guidance of $5.25–$5.45 spans from consensus to above it—supporting the longer-term growth outlook. Article: Southern Q3 Earnings Call Highlights Growth and Capital Upside
• Neutral Sentiment: A potential $100 billion capital plan could enable investment to serve rising electricity demand, but its eventual scale and funding needs remain considerations for investors. Article: Southern Q3 Earnings Call Highlights Growth and Capital Upside
• Negative Sentiment: Fourth-quarter 2026 EPS guidance of $0.30 is below analysts’ $0.44 estimate. That near-term shortfall may temper the positive reaction to the quarterly beat and full-year guidance. Article: Southern Company Q3 Earnings Report

Analysts Set New Price Targets

SO has been the topic of a number of analyst reports. Royal Bank Of Canada decreased their target price on shares of Southern from $101.00 to $98.00 in a research report on Monday, October 26th. JPMorgan Chase & Co. cut their price target on Southern from $101.00 to $94.00 and set a “neutral” rating for the company in a report on Tuesday, October 13th. BMO Capital Markets reissued an “outperform” rating on shares of Southern in a research note on Wednesday, October 21st. DA Davidson set a $98.00 price objective on Southern in a report on Wednesday, October 21st. Finally, Citigroup lowered their price objective on Southern from $114.00 to $104.00 and set a “buy” rating for the company in a research report on Friday, September 25th. Eight equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $97.24.

Southern Company Profile

Southern Company is an energy holding company based in Atlanta, Georgia. Through its subsidiaries, it generates, transmits and distributes electricity and provides natural gas service, primarily across the southeastern United States.

Its electric utility businesses include Alabama Power, Georgia Power and Mississippi Power, which serve customers in their respective states. Southern Company also owns Southern Power, which develops and operates wholesale power generation assets, and Southern Company Gas, whose businesses distribute natural gas to customers in several states.

Formed in 1945, Southern Company has grown from a regional electric utility holding company into a diversified energy provider.