Mutual of America Capital Management LLC Lowers Stake in Southern Company (The) $SO

Mutual of America Capital Management LLC lowered its stake in shares of Southern Company (The) (NYSE:SO) by 1.1% in the second quarter, Holdings Channel reports. The institutional investor owned 126,020 shares of the utilities provider’s stock after selling 1,379 shares during the period. Mutual of America Capital Management LLC’s holdings in Southern were worth $11,572,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in Southern by 1.4% during the first quarter. Vanguard Group Inc. now owns 104,210,177 shares of the utilities provider’s stock worth $9,582,126,000 after buying an additional 1,419,724 shares during the period. Northern Trust Corp lifted its holdings in Southern by 1.0% during the first quarter. Northern Trust Corp now owns 10,912,663 shares of the utilities provider’s stock worth $1,003,419,000 after buying an additional 107,394 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Southern by 1.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 6,680,776 shares of the utilities provider’s stock worth $614,297,000 after buying an additional 81,066 shares during the period. Nuveen LLC purchased a new stake in Southern during the first quarter worth $510,229,000. Finally, Federated Hermes Inc. lifted its holdings in Southern by 4.1% during the first quarter. Federated Hermes Inc. now owns 3,046,293 shares of the utilities provider’s stock worth $280,107,000 after buying an additional 120,816 shares during the period. Hedge funds and other institutional investors own 64.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Cowen began coverage on Southern in a report on Wednesday. They set a “buy” rating for the company. Weiss Ratings reissued a “buy (b)” rating on shares of Southern in a research report on Wednesday, October 8th. Wall Street Zen cut Southern from a “hold” rating to a “sell” rating in a research report on Saturday, August 2nd. JPMorgan Chase & Co. raised their price objective on Southern from $97.00 to $98.00 and gave the stock a “neutral” rating in a research report on Thursday, August 21st. Finally, Mizuho raised their price objective on Southern from $93.00 to $95.00 and gave the stock a “neutral” rating in a research report on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Southern currently has a consensus rating of “Hold” and an average price target of $98.83.

Southern Stock Performance

Shares of SO stock opened at $97.80 on Monday. The firm has a market capitalization of $107.58 billion, a price-to-earnings ratio of 25.14, a price-to-earnings-growth ratio of 3.46 and a beta of 0.43. 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 business has a fifty day moving average of $94.00 and a 200 day moving average of $91.99. Southern Company has a 1 year low of $80.46 and a 1 year high of $100.83.

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

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.