Great Lakes Advisors LLC Acquires Shares of 32,151 Southern Company (The) $SO

Posted by George Bondi on Aug 21st, 2026

Great Lakes Advisors LLC bought a new stake in Southern Company (The) (NYSE:SO – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 32,151 shares of the utilities provider’s stock, valued at approximately $3,077,000.

A number of other institutional investors and hedge funds have also modified their holdings of SO. Norges Bank acquired a new stake in Southern during the 4th quarter worth $1,111,450,000. Capital World Investors grew its position in shares of Southern by 22.6% during the 4th quarter. Capital World Investors now owns 41,142,076 shares of the utilities provider’s stock worth $3,587,589,000 after buying an additional 7,593,224 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Southern by 18.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 34,459,462 shares of the utilities provider’s stock worth $3,004,866,000 after buying an additional 5,436,212 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Southern in the 2nd quarter valued at about $264,829,000. Finally, Soroban Capital Partners LP raised its position in shares of Southern by 83.8% in the 2nd quarter. Soroban Capital Partners LP now owns 4,097,422 shares of the utilities provider’s stock valued at $376,266,000 after acquiring an additional 1,867,912 shares during the period. 64.10% of the stock is owned by institutional investors.

Southern Trading Down 0.8%

SO opened at $91.47 on Friday. The stock has a market capitalization of $105.22 billion, a P/E ratio of 21.94, a P/E/G ratio of 1.77 and a beta of 0.34. The company has a current ratio of 0.79, a quick ratio of 0.59 and a debt-to-equity ratio of 1.62. Southern Company has a 12 month low of $83.80 and a 12 month high of $100.83. The firm’s fifty day simple moving average is $94.62 and its 200 day simple moving average is $94.44.

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

Southern Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages recently issued reports on SO. BMO Capital Markets boosted their price objective on shares of Southern from $102.00 to $104.00 and gave the company an “outperform” rating in a report on Monday, July 27th. Mizuho set a $106.00 price objective on shares of Southern in a research report on Friday, July 31st. KeyCorp lowered Southern from a “sector weight” rating to an “underweight” rating and set a $79.00 target price on the stock. in a report on Thursday, July 23rd. Jefferies Financial Group set a $99.00 target price on Southern in a research note on Monday, June 22nd. Finally, Truist Financial lowered their price target on Southern from $100.00 to $97.00 and set a “hold” rating for the company in a report on Thursday, August 13th. Seven research 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $100.09.

View Our Latest Stock Report on Southern

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.