Kingsview Wealth Management LLC Acquires Shares of 41,582 Southern Company (The) $SO

Posted by George Bondi on Aug 29th, 2026

Kingsview Wealth Management LLC bought a new stake in shares of Southern Company (The) (NYSE:SO – Free Report) in the 2nd quarter, Holdings Channel reports. The fund bought 41,582 shares of the utilities provider’s stock, valued at approximately $3,980,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Beacon Pointe Advisors LLC acquired a new position in shares of Southern in the second quarter worth about $9,023,000. Rakuten Investment Management Inc. purchased a new position in Southern in the second quarter valued at about $17,839,000. RB Capital Management LLC acquired a new stake in Southern during the 2nd quarter valued at approximately $459,000. Glenview Trust Co acquired a new stake in Southern during the 2nd quarter valued at approximately $3,325,000. Finally, North Star Asset Management Inc. purchased a new stake in Southern during the 2nd quarter worth approximately $270,000. 64.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on SO shares. KeyCorp lowered Southern from a “sector weight” rating to an “underweight” rating and set a $79.00 target price on the stock. in a research report on Thursday, July 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Southern in a research report on Wednesday, July 29th. Morgan Stanley dropped their price target on shares of Southern from $92.00 to $89.00 and set an “underweight” rating for the company in a research note on Friday, August 21st. BMO Capital Markets upped their price target on shares of Southern from $102.00 to $104.00 and gave the company an “outperform” rating in a report on Monday, July 27th. Finally, Wall Street Zen downgraded shares of Southern from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. Seven analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $100.09.

View Our Latest Stock Report on SO

Southern Price Performance

Shares of NYSE:SO opened at $88.18 on Friday. The company has a market cap of $101.44 billion, a PE ratio of 21.15, a P/E/G ratio of 1.71 and a beta of 0.34. Southern Company has a fifty-two week low of $83.80 and a fifty-two week high of $100.83. The firm has a 50-day simple moving average of $94.12 and a 200 day simple moving average of $94.38. The company has a quick ratio of 0.59, a current ratio of 0.79 and a debt-to-equity ratio of 1.62.

Southern (NYSE:SO – Get Free Report) last issued its earnings results on Wednesday, July 29th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.12. Southern had a net margin of 15.43% and a return on equity of 12.93%. The firm had revenue of $6.98 billion for the quarter, compared to analysts’ expectations of $7.23 billion. During the same quarter last year, the company posted $0.79 earnings per share. Southern’s revenue was up .1% on a year-over-year basis. On average, sell-side analysts anticipate that Southern Company will post 4.59 EPS for the current year.

Southern Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, August 17th will be given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Monday, August 17th. Southern’s dividend payout ratio is presently 72.90%.

Southern 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.