Inman Jager Wealth Management LLC Raises Holdings in Southern Company (The) $SO

Inman Jager Wealth Management LLC increased its position in shares of Southern Company (The) (NYSE:SO) by 2.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,171 shares of the utilities provider’s stock after purchasing an additional 485 shares during the quarter. Southern makes up approximately 1.5% of Inman Jager Wealth Management LLC’s investment portfolio, making the stock its 17th largest position. Inman Jager Wealth Management LLC’s holdings in Southern were worth $2,220,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Klein Pavlis & Peasley Financial Inc. acquired a new position in Southern during the second quarter worth $2,352,000. Intech Investment Management LLC boosted its stake in Southern by 35.8% during the first quarter. Intech Investment Management LLC now owns 116,059 shares of the utilities provider’s stock worth $10,672,000 after buying an additional 30,618 shares during the last quarter. Investors Research Corp boosted its stake in Southern by 1,982.6% during the second quarter. Investors Research Corp now owns 5,623 shares of the utilities provider’s stock worth $516,000 after buying an additional 5,353 shares during the last quarter. Czech National Bank boosted its stake in Southern by 6.8% during the second 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 last quarter. Finally, GAMMA Investing LLC boosted its stake in Southern by 23.2% during the first 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 during the last quarter. 64.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Southern

In related news, CEO Kimberly S. Greene sold 13,158 shares of the stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $95.00, for a total transaction of $1,250,010.00. Following the transaction, the chief executive officer owned 93,661 shares of the company’s stock, valued at approximately $8,897,795. This represents a 12.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.16% of the company’s stock.

Southern Stock Performance

Shares of Southern stock opened at $98.23 on Friday. Southern Company has a 52 week low of $80.46 and a 52 week high of $98.36. The business’s fifty day simple moving average is $93.62 and its 200-day simple moving average is $91.73. The firm has a market cap of $108.06 billion, a PE ratio of 25.25, 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 announced its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.91 EPS for the quarter, missing the consensus estimate 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 analyst estimates of $6.70 billion. During the same period last year, the company earned $1.10 EPS. The business’s revenue for the quarter 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. Equities analysts forecast that Southern Company will post 4.29 earnings per share for the current year.

Southern Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 8th. Investors of record on Monday, August 18th were paid a dividend of $0.74 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $2.96 annualized dividend and a yield of 3.0%. Southern’s dividend payout ratio is presently 76.09%.

Wall Street Analyst Weigh In

SO has been the topic of a number of recent research reports. BMO Capital Markets boosted their price objective on Southern from $98.00 to $102.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 22nd. UBS Group boosted their price objective on Southern from $100.00 to $104.00 and gave the stock a “neutral” rating in a research note on Friday. Weiss Ratings reissued a “buy (b)” rating on shares of Southern in a research note on Wednesday. Evercore ISI began coverage on Southern in a research note on Monday, October 6th. They set an “in-line” rating and a $103.00 price objective on the stock. Finally, Scotiabank reaffirmed a “sector perform” rating and issued a $99.00 price target on shares of Southern in a research note on Friday, October 3rd. Four equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $96.31.

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.