Nordea Investment Management AB Has $5.96 Million Holdings in Southern Company (The) $SO

Nordea Investment Management AB increased its holdings in Southern Company (The) (NYSE:SO) by 1.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,349 shares of the utilities provider’s stock after acquiring an additional 1,063 shares during the period. Nordea Investment Management AB’s holdings in Southern were worth $5,958,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its position in shares of Southern by 23.2% during the 1st quarter. GAMMA Investing LLC now owns 21,253 shares of the utilities provider’s stock worth $1,954,000 after buying an additional 4,005 shares in the last quarter. Joel Adams & Associates Inc. lifted its position in shares of Southern by 3.9% during the 1st quarter. Joel Adams & Associates Inc. now owns 5,315 shares of the utilities provider’s stock worth $489,000 after buying an additional 200 shares in the last quarter. Palumbo Wealth Management LLC lifted its position in shares of Southern by 9.0% during the 1st quarter. Palumbo Wealth Management LLC now owns 4,261 shares of the utilities provider’s stock worth $392,000 after buying an additional 351 shares in the last quarter. XML Financial LLC lifted its position in shares of Southern by 4.3% during the 1st quarter. XML Financial LLC now owns 15,976 shares of the utilities provider’s stock worth $1,469,000 after buying an additional 661 shares in the last quarter. Finally, Continuum Advisory LLC lifted its position in shares of Southern by 63.3% during the 1st quarter. Continuum Advisory LLC now owns 2,906 shares of the utilities provider’s stock worth $267,000 after buying an additional 1,126 shares in the last quarter. Hedge funds and other institutional investors own 64.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on SO shares. KeyCorp lifted their target price on shares of Southern from $78.00 to $87.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 15th. JPMorgan Chase & Co. lifted their target price on shares of Southern from $97.00 to $98.00 and gave the stock a “neutral” rating in a research report on Thursday, August 21st. Evercore ISI initiated 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. Cowen initiated coverage on shares of Southern in a research note on Wednesday, October 15th. They set a “buy” rating for the company. Finally, UBS Group raised their price target on shares of Southern from $100.00 to $104.00 and gave the stock a “neutral” rating in a research note on Friday, October 10th. One 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 stock. Based on data from MarketBeat.com, Southern presently has a consensus rating of “Hold” and a consensus price target of $98.83.

Southern Stock Up 0.0%

Southern stock opened at $97.80 on Tuesday. Southern Company has a 1-year low of $80.46 and a 1-year high of $100.83. The firm has a market capitalization of $107.59 billion, a price-to-earnings ratio of 25.14, a P/E/G ratio of 3.46 and a beta of 0.43. The company has a current ratio of 0.74, a quick ratio of 0.54 and a debt-to-equity ratio of 1.69. The firm has a 50 day simple moving average of $94.06 and a 200 day simple moving average of $92.05.

Southern (NYSE:SO) last released its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $6.70 billion. During the same quarter in the prior year, the firm posted $1.10 earnings per share. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. Southern has set its Q3 2025 guidance at 1.500-1.500 EPS. FY 2025 guidance at 4.200-4.300 EPS. On average, analysts predict that Southern Company will post 4.29 earnings per share for the current year.

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.