Genesis Private Wealth LLC Decreases Holdings in Southern Company (The) $SO

Genesis Private Wealth LLC decreased its position in shares of Southern Company (The) (NYSE:SO) by 9.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 3,498 shares of the utilities provider’s stock after selling 362 shares during the quarter. Genesis Private Wealth LLC’s holdings in Southern were worth $321,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in SO. Nuveen LLC bought a new position in shares of Southern during the 1st quarter worth $510,229,000. GAMMA Investing LLC grew its stake in shares of Southern by 11,230.1% during the 1st quarter. GAMMA Investing LLC now owns 1,954,213 shares of the utilities provider’s stock worth $179,690,000 after acquiring an additional 1,936,965 shares during the period. 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 during the period. 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 during the period. Finally, Assenagon Asset Management S.A. grew its stake in shares of Southern by 2,780.2% during the 1st quarter. Assenagon Asset Management S.A. now owns 700,628 shares of the utilities provider’s stock worth $64,423,000 after acquiring an additional 676,302 shares during the period. Institutional investors own 64.10% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on SO shares. BMO Capital Markets increased their price target on Southern from $98.00 to $102.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 22nd. Morgan Stanley cut their target price on Southern from $94.00 to $92.00 and set an “equal weight” rating for the company in a research note on Thursday. Jefferies Financial Group upgraded Southern from a “hold” rating to a “buy” rating and cut their target price for the stock from $102.00 to $100.00 in a research note on Thursday, June 5th. Barclays raised their target price on Southern from $90.00 to $91.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 16th. Finally, Mizuho lifted their price target on Southern from $93.00 to $95.00 and gave the company a “neutral” rating in a research report on Friday, August 1st. Four equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $95.08.

Insider Buying and Selling at Southern

In other news, CEO Kimberly S. Greene sold 13,158 shares of Southern stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $95.00, for a total value of $1,250,010.00. Following the sale, the chief executive officer directly owned 93,661 shares in the company, valued at approximately $8,897,795. This trade represents a 12.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.16% of the company’s stock.

Southern Price Performance

Shares of Southern stock opened at $94.54 on Monday. 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’s 50 day simple moving average is $93.54 and its two-hundred day simple moving average is $91.33. The stock has a market capitalization of $104.00 billion, a P/E ratio of 24.30, a price-to-earnings-growth ratio of 3.27 and a beta of 0.41. Southern Company has a one year low of $80.46 and a one year high of $96.44.

Southern (NYSE:SO) last announced its quarterly 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 company 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%.Southern’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period last year, the firm earned $1.10 earnings per share. Southern has set its Q3 2025 guidance at 1.500-1.500 EPS. FY 2025 guidance at 4.200-4.300 EPS. Analysts forecast that Southern Company will post 4.29 EPS for the current year.

Southern Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 8th. Stockholders of record on Monday, August 18th were given a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Monday, August 18th. 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.