Sage Mountain Advisors LLC Acquires 2,336 Shares of Southern Company (The) $SO

Sage Mountain Advisors LLC grew its holdings in shares of Southern Company (The) (NYSE:SO) by 25.6% in the second quarter, HoldingsChannel reports. The fund owned 11,475 shares of the utilities provider’s stock after purchasing an additional 2,336 shares during the quarter. Sage Mountain Advisors LLC’s holdings in Southern were worth $1,054,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Equitable Trust Co. grew its position in shares of Southern by 24.7% during the 2nd quarter. Equitable Trust Co. now owns 34,527 shares of the utilities provider’s stock valued at $3,171,000 after acquiring an additional 6,843 shares during the period. Klein Pavlis & Peasley Financial Inc. bought a new stake in shares of Southern during the 2nd quarter valued at $2,352,000. Investors Research Corp grew its position in shares of Southern by 1,982.6% during the 2nd quarter. Investors Research Corp now owns 5,623 shares of the utilities provider’s stock valued at $516,000 after acquiring an additional 5,353 shares during the period. Intech Investment Management LLC grew its position in shares of Southern by 35.8% during the 1st quarter. Intech Investment Management LLC now owns 116,059 shares of the utilities provider’s stock valued at $10,672,000 after acquiring an additional 30,618 shares during the period. Finally, Czech National Bank boosted its holdings in Southern by 6.8% in the 2nd quarter. Czech National Bank now owns 268,648 shares of the utilities provider’s stock worth $24,670,000 after buying an additional 17,111 shares during the period. Institutional investors own 64.10% of the company’s stock.

Southern Stock Down 0.3%

SO opened at $95.86 on Friday. The firm has a 50-day simple moving average of $94.25 and a two-hundred day simple moving average of $92.24. Southern Company has a 52 week low of $80.46 and a 52 week high of $100.83. The company has a market capitalization of $105.45 billion, a PE ratio of 24.64, a price-to-earnings-growth ratio of 3.40 and a beta of 0.43. The company has a quick ratio of 0.54, a current ratio of 0.74 and a debt-to-equity ratio of 1.69.

Southern (NYSE:SO) last released its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.91 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.08). The company had revenue of $6.97 billion for the quarter, compared to the consensus estimate of $6.70 billion. Southern had a net margin of 15.10% and a return on equity of 12.09%. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period last year, the company 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. Analysts forecast that Southern Company will post 4.29 earnings per share for the current fiscal year.

Southern Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 8th. Investors of record on Monday, November 17th will be given a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Monday, November 17th. Southern’s dividend payout ratio is 76.09%.

Analyst Ratings Changes

Several research analysts recently weighed in on SO shares. Morgan Stanley reaffirmed an “outperform” rating and issued a $99.00 target price on shares of Southern in a report on Wednesday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Southern in a report on Friday. Evercore ISI started coverage on shares of Southern in a report on Monday, October 6th. They issued an “in-line” rating and a $103.00 target price for the company. TD Cowen started coverage on shares of Southern in a report on Thursday, October 16th. They issued a “buy” rating and a $112.00 target price for the company. Finally, Wall Street Zen downgraded shares of Southern from a “hold” rating to a “sell” rating in a report on Saturday, August 2nd. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Southern presently has a consensus rating of “Hold” and a consensus target price of $99.30.

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.