Cornerstone Capital Inc. Makes New Investment in Southern Company (The) $SO

Posted by Brian Himes on Aug 15th, 2026

Cornerstone Capital Inc. acquired a new stake in Southern Company (The) (NYSE:SO – Free Report) in the second quarter, Holdings Channel reports. The fund acquired 50,301 shares of the utilities provider’s stock, valued at approximately $4,814,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Evergreen Advisors LLC acquired a new stake in Southern in the 1st quarter valued at $25,000. Scarborough Advisors LLC acquired a new position in Southern during the first quarter worth $25,000. Ankerstar Wealth LLC bought a new position in shares of Southern in the fourth quarter valued at $25,000. Cornerstone Financial Management LLC bought a new position in shares of Southern in the fourth quarter valued at $27,000. Finally, J.Safra Asset Management Corp acquired a new position in shares of Southern during the fourth quarter valued at about $27,000. Institutional investors own 64.10% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on SO. Wall Street Zen downgraded Southern from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. Truist Financial lowered their price objective on Southern from $100.00 to $97.00 and set a “hold” rating for the company in a research note on Thursday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Southern in a research report on Wednesday, July 29th. Jefferies Financial Group set a $99.00 price target on Southern in a report on Monday, June 22nd. Finally, Raymond James Financial restated an “outperform” rating and set a $104.00 price objective on shares of Southern in a research note on Friday, May 1st. Seven research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $100.09.

View Our Latest Report on Southern

Southern Trading Up 0.0%

NYSE:SO opened at $92.83 on Friday. Southern Company has a 52 week low of $83.80 and a 52 week high of $100.83. The firm has a 50-day moving average price of $94.69 and a two-hundred day moving average price of $94.31. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.59 and a current ratio of 0.79. The firm has a market cap of $106.79 billion, a price-to-earnings ratio of 22.26, a price-to-earnings-growth ratio of 1.78 and a beta of 0.34.

Southern (NYSE:SO – Get Free Report) last announced its earnings results on Wednesday, July 29th. The utilities provider reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.12. The firm had revenue of $6.98 billion for the quarter, compared to the consensus estimate of $7.23 billion. Southern had a return on equity of 12.93% and a net margin of 15.43%.The company’s revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.79 EPS. On average, equities analysts expect that Southern Company will post 4.58 earnings per share for the current fiscal year.

Southern Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, August 17th will be given a $0.76 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $3.04 annualized dividend and a yield of 3.3%. Southern’s payout ratio is currently 72.90%.

About Southern

(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.