Cabot Wealth Management Inc. Has $368,000 Stock Holdings in Southern Company (The) $SO

Cabot Wealth Management Inc. boosted its position in shares of Southern Company (The) (NYSE:SO) by 3.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,005 shares of the utilities provider’s stock after buying an additional 150 shares during the quarter. Cabot Wealth Management Inc.’s holdings in Southern were worth $368,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in SO. Nuveen LLC acquired a new position in shares of Southern in the 1st quarter valued at $510,229,000. Vanguard Group Inc. lifted its stake in shares of Southern by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 104,210,177 shares of the utilities provider’s stock valued at $9,582,126,000 after purchasing an additional 1,419,724 shares during the period. Adage Capital Partners GP L.L.C. lifted its stake in shares of Southern by 125.4% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 1,349,200 shares of the utilities provider’s stock valued at $124,059,000 after purchasing an additional 750,500 shares during the period. Jennison Associates LLC lifted its stake in shares of Southern by 40.5% in the 1st quarter. Jennison Associates LLC now owns 2,161,929 shares of the utilities provider’s stock valued at $198,789,000 after purchasing an additional 623,417 shares during the period. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Southern by 71.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,200,624 shares of the utilities provider’s stock valued at $110,253,000 after purchasing an additional 499,996 shares during the period. Institutional investors and hedge funds own 64.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on SO shares. KeyCorp increased their price target on Southern from $78.00 to $87.00 and gave the company an “underweight” rating in a research note on Wednesday, October 15th. Weiss Ratings reissued a “buy (b)” rating on shares of Southern in a research note on Friday. UBS Group upped their price objective on shares of Southern from $100.00 to $104.00 and gave the company a “neutral” rating in a research report on Friday, October 10th. Mizuho upped their price objective on shares of Southern from $93.00 to $95.00 and gave the company a “neutral” rating in a research report on Friday, August 1st. Finally, JPMorgan Chase & Co. upped their price objective on shares of Southern from $97.00 to $98.00 and gave the company a “neutral” rating in a research report on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $99.30.

Southern Price Performance

SO opened at $95.86 on Friday. 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 Company has a 12 month low of $80.46 and a 12 month high of $100.83. The company has a fifty day simple moving average of $94.25 and a 200 day simple moving average of $92.28. The stock has a market cap of $105.45 billion, a P/E ratio of 24.64, a P/E/G ratio of 3.39 and a beta of 0.43.

Southern (NYSE:SO) last released its earnings results on Thursday, July 31st. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.08). The firm had revenue of $6.97 billion for the quarter, compared to the consensus estimate of $6.70 billion. Southern had a return on equity of 12.09% and a net margin of 15.10%.Southern’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the company posted $1.10 EPS. Southern has set its Q3 2025 guidance at 1.500-1.500 EPS. FY 2025 guidance at 4.200-4.300 EPS. On average, research analysts expect that Southern Company will post 4.29 EPS for the current year.

Southern Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 8th. Shareholders of record on Monday, November 17th will be issued a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Monday, November 17th. Southern’s dividend payout ratio is 76.09%.

Southern Company Profile

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.