Delta Investment Management LLC Acquires 113 Shares of Southern Company (The) $SO

Delta Investment Management LLC increased its holdings in shares of Southern Company (The) (NYSE:SO) by 4.6% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,579 shares of the utilities provider’s stock after purchasing an additional 113 shares during the quarter. Delta Investment Management LLC’s holdings in Southern were worth $237,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of SO. Nuveen LLC bought a new stake in Southern during the 1st quarter worth approximately $510,229,000. Vanguard Group Inc. grew its stake in shares of Southern by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 104,210,177 shares of the utilities provider’s stock worth $9,582,126,000 after acquiring an additional 1,419,724 shares in the last quarter. Adage Capital Partners GP L.L.C. grew its stake in shares of Southern by 125.4% during the 1st quarter. Adage Capital Partners GP L.L.C. now owns 1,349,200 shares of the utilities provider’s stock worth $124,059,000 after acquiring an additional 750,500 shares in the last quarter. Jennison Associates LLC grew its stake in shares of Southern by 40.5% during the 1st quarter. Jennison Associates LLC now owns 2,161,929 shares of the utilities provider’s stock worth $198,789,000 after acquiring an additional 623,417 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in shares of Southern by 71.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,200,624 shares of the utilities provider’s stock worth $110,253,000 after acquiring an additional 499,996 shares in the last quarter. 64.10% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on SO shares. Evercore ISI started coverage on shares of Southern in a research note on Monday, October 6th. They set an “in-line” rating and a $103.00 price target for the company. LADENBURG THALM/SH SH reaffirmed a “neutral” rating and set a $102.50 price target (up from $99.50) on shares of Southern in a research note on Friday, October 17th. Mizuho raised their price target on shares of Southern from $93.00 to $95.00 and gave the stock a “neutral” rating in a research note on Friday, August 1st. Royal Bank Of Canada set a $107.00 price target on shares of Southern in a research note on Monday. Finally, Wells Fargo & Company began coverage on shares of Southern in a research note on Monday. They issued an “overweight” rating and a $97.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $99.66.

Southern Trading Down 0.3%

Shares of Southern stock opened at $95.62 on Tuesday. The business 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 1 year low of $80.46 and a 1 year high of $100.83. The company has a market capitalization of $105.19 billion, a price-to-earnings ratio of 24.58, a P/E/G ratio of 3.39 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.

Southern (NYSE:SO) last announced its quarterly 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). Southern had a net margin of 15.10% and a return on equity of 12.09%. The business had revenue of $6.97 billion for the quarter, compared to analyst estimates of $6.70 billion. During the same period in the prior year, the business earned $1.10 EPS. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. Southern has set its Q3 2025 guidance at 1.500-1.500 EPS. FY 2025 guidance at 4.200-4.300 EPS. Research analysts forecast that Southern Company will post 4.29 EPS for the current year.

Southern Dividend Announcement

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

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.