Delta Investment Management LLC Has $237,000 Stock Position in Southern Company (The) $SO

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

Other hedge funds and other institutional investors also recently modified their holdings of the company. Ameriflex Group Inc. lifted its holdings in shares of Southern by 275.0% during the second quarter. Ameriflex Group Inc. now owns 300 shares of the utilities provider’s stock worth $27,000 after buying an additional 220 shares in the last quarter. Cheviot Value Management LLC acquired a new stake in shares of Southern during the first quarter worth $28,000. Advantage Trust Co increased its position in shares of Southern by 1,428.6% in the second quarter. Advantage Trust Co now owns 321 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 300 shares during the period. Financial Connections Group Inc. bought a new position in shares of Southern in the first quarter worth $33,000. Finally, Accredited Wealth Management LLC bought a new position in shares of Southern in the first quarter worth $36,000. Institutional investors and hedge funds own 64.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on SO. Scotiabank restated a “sector perform” rating and issued a $99.00 price target on shares of Southern in a research report on Friday, October 3rd. Cowen began coverage on Southern in a research report on Wednesday, October 15th. They issued a “buy” rating on the stock. BMO Capital Markets raised their price target on Southern from $98.00 to $102.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 22nd. Evercore ISI began coverage on Southern in a research report on Monday, October 6th. They issued an “in-line” rating and a $103.00 price target on the stock. Finally, Royal Bank Of Canada set a $107.00 price target on Southern in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $99.66.

Southern Stock Performance

Southern stock opened at $95.62 on Tuesday. Southern Company has a 12-month low of $80.46 and a 12-month high of $100.83. The company has a quick ratio of 0.54, a current ratio of 0.74 and a debt-to-equity ratio of 1.69. The business’s 50-day moving average price is $94.31 and its two-hundred day moving average price is $92.36. The stock has a market cap of $105.19 billion, a PE ratio of 24.58, a P/E/G ratio of 3.39 and a beta of 0.43.

Southern (NYSE:SO) last released its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.91 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.08). The firm had revenue of $6.97 billion for 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 business’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the firm posted $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. As a group, analysts expect that Southern Company will post 4.29 earnings per share for the current fiscal year.

Southern Announces Dividend

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