27,192 Shares in Southern Company (The) $SO Bought by Capital Square LLC

Capital Square LLC bought a new stake in shares of Southern Company (The) (NYSE:SO – Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 27,192 shares of the utilities provider’s stock, valued at approximately $2,600,000. Southern accounts for 1.1% of Capital Square LLC’s investment portfolio, making the stock its 22nd largest position.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Uptick Partners LLC raised its holdings in shares of Southern by 1.5% during the first quarter. Uptick Partners LLC now owns 7,601 shares of the utilities provider’s stock valued at $734,000 after buying an additional 110 shares during the last quarter. Seelaus Asset Management LLC grew its holdings in Southern by 2.4% in the 1st quarter. Seelaus Asset Management LLC now owns 4,923 shares of the utilities provider’s stock worth $475,000 after buying an additional 115 shares in the last quarter. KCM Investment Advisors LLC grew its holdings in Southern by 0.3% in the 1st quarter. KCM Investment Advisors LLC now owns 34,328 shares of the utilities provider’s stock worth $3,313,000 after buying an additional 115 shares in the last quarter. Stokes Family Office LLC increased its position in Southern by 0.7% in the 4th quarter. Stokes Family Office LLC now owns 15,994 shares of the utilities provider’s stock valued at $1,395,000 after acquiring an additional 115 shares during the period. Finally, Leonteq Securities AG increased its position in Southern by 4.7% in the 1st quarter. Leonteq Securities AG now owns 2,657 shares of the utilities provider’s stock valued at $256,000 after acquiring an additional 119 shares during the period. Institutional investors own 64.10% of the company’s stock.

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Southern Stock Performance

SO opened at $89.09 on Monday. The business has a 50 day moving average price of $94.52 and a two-hundred day moving average price of $94.44. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.79 and a quick ratio of 0.59. The company has a market capitalization of $102.49 billion, a price-to-earnings ratio of 21.36, a price-to-earnings-growth ratio of 1.71 and a beta of 0.34. Southern Company has a 1-year low of $83.80 and a 1-year high of $100.83.

Southern (NYSE:SO – Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.12. Southern had a return on equity of 12.93% and a net margin of 15.43%.The company had revenue of $6.98 billion for the quarter, compared to analysts’ expectations of $7.23 billion. During the same period last year, the firm earned $0.79 EPS. The firm’s revenue for the quarter was up .1% on a year-over-year basis. Research analysts predict that Southern Company will post 4.58 EPS for the current fiscal year.

Southern Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 17th will be paid a dividend of $0.76 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $3.04 annualized dividend and a yield of 3.4%. Southern’s dividend payout ratio (DPR) is currently 72.90%.

Analyst Ratings Changes

SO has been the subject of a number of analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Southern in a research report on Wednesday, July 29th. Barclays lowered their price target on Southern from $99.00 to $98.00 and set an “equal weight” rating on the stock in a report on Thursday, June 18th. BMO Capital Markets lifted their price objective on shares of Southern from $102.00 to $104.00 and gave the company an “outperform” rating in a research note on Monday, July 27th. Truist Financial reduced their price objective on shares of Southern from $100.00 to $97.00 and set a “hold” rating for the company in a report on Thursday, August 13th. Finally, Wall Street Zen lowered shares of Southern from a “hold” rating to a “sell” rating in a research report on Saturday, August 1st. Seven investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Southern has an average rating of “Hold” and a consensus target price of $100.09.

View Our Latest Stock Report on Southern

Southern Company Profile

(Free Report)

Southern Company (NYSE: SO) is an Atlanta-based energy holding company that provides electric and gas utility services and owns power generation assets across the United States. Founded in 1945, the company operates a portfolio of regulated electric utilities and affiliated businesses that generate, transmit and distribute electricity to residential, commercial and industrial customers.

Southern’s principal regulated electric subsidiaries include Georgia Power, Alabama Power and Mississippi Power, which serve large portions of the southeastern United States.

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