Teacher Retirement System of Texas Lowers Position in Southern Company (The) $SO

Teacher Retirement System of Texas lessened its position in Southern Company (The) (NYSE:SO) by 11.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 432,176 shares of the utilities provider’s stock after selling 57,203 shares during the quarter. Teacher Retirement System of Texas’ holdings in Southern were worth $39,687,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Avidian Wealth Enterprises LLC lifted its stake in shares of Southern by 2.3% in the 2nd quarter. Avidian Wealth Enterprises LLC now owns 4,697 shares of the utilities provider’s stock valued at $431,000 after purchasing an additional 106 shares during the period. Delta Investment Management LLC lifted its stake in shares of Southern by 4.6% in the 2nd quarter. Delta Investment Management LLC now owns 2,579 shares of the utilities provider’s stock valued at $237,000 after purchasing an additional 113 shares during the period. McGlone Suttner Wealth Management Inc. lifted its stake in shares of Southern by 1.4% in the 1st quarter. McGlone Suttner Wealth Management Inc. now owns 8,565 shares of the utilities provider’s stock valued at $788,000 after purchasing an additional 116 shares during the period. KPP Advisory Services LLC lifted its stake in shares of Southern by 1.0% in the 2nd quarter. KPP Advisory Services LLC now owns 11,392 shares of the utilities provider’s stock valued at $1,046,000 after purchasing an additional 117 shares during the period. Finally, Coastal Bridge Advisors LLC lifted its stake in shares of Southern by 0.4% in the 1st quarter. Coastal Bridge Advisors LLC now owns 32,627 shares of the utilities provider’s stock valued at $3,000,000 after purchasing an additional 119 shares during the period. Hedge funds and other institutional investors own 64.10% of the company’s stock.

Wall Street Analyst Weigh In

SO has been the subject of a number of research analyst reports. Morgan Stanley restated an “outperform” rating and issued a $99.00 target price on shares of Southern in a research note on Wednesday, October 22nd. Mizuho raised their price objective on Southern from $93.00 to $95.00 and gave the company a “neutral” rating in a research report on Friday, August 1st. BMO Capital Markets raised their price objective on Southern from $98.00 to $102.00 and gave the company an “outperform” rating in a research report on Tuesday, July 22nd. BTIG Research assumed coverage on Southern in a research report on Tuesday, October 21st. They set a “neutral” rating for the company. Finally, JPMorgan Chase & Co. raised their price objective on Southern from $97.00 to $98.00 and gave the company a “neutral” rating in a research report on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Southern presently has an average rating of “Hold” and an average target price of $99.66.

Southern Stock Down 0.3%

Southern stock opened at $95.62 on Tuesday. The firm has a market cap of $105.19 billion, a price-to-earnings ratio of 24.58, a PEG ratio of 3.39 and a beta of 0.43. The stock has a fifty day simple moving average of $94.31 and a two-hundred day simple moving average of $92.36. Southern Company has a 12 month low of $80.46 and a 12 month high of $100.83. The company has a current ratio of 0.74, a quick ratio of 0.54 and a debt-to-equity ratio of 1.69.

Southern (NYSE:SO) last posted its earnings results on Thursday, July 31st. The utilities provider reported $0.91 EPS 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 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 previous year, the business 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 analysts predict that Southern Company will post 4.29 EPS for the current fiscal year.

Southern Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 8th. Shareholders of record on Monday, November 17th will be issued a $0.74 dividend. The ex-dividend date of this dividend is Monday, November 17th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 3.1%. Southern’s dividend payout ratio (DPR) is presently 76.09%.

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.