Alexander Labrunerie & CO. Inc. Has $241,000 Position in Southern Company (The) $SO

Alexander Labrunerie & CO. Inc. raised its stake in Southern Company (The) (NYSE:SO) by 5.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,624 shares of the utilities provider’s stock after purchasing an additional 138 shares during the period. Alexander Labrunerie & CO. Inc.’s holdings in Southern were worth $241,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ameriflex Group Inc. increased its holdings in shares of Southern by 275.0% in the second quarter. Ameriflex Group Inc. now owns 300 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 220 shares during the last quarter. Cheviot Value Management LLC acquired a new position in shares of Southern in the first quarter valued at $28,000. Advantage Trust Co increased its holdings in shares of Southern by 1,428.6% in the second quarter. Advantage Trust Co now owns 321 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 300 shares during the last quarter. Financial Connections Group Inc. acquired a new position in shares of Southern in the first quarter valued at $33,000. Finally, Accredited Wealth Management LLC bought a new stake in shares of Southern in the first quarter valued at about $36,000. 64.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SO. Royal Bank Of Canada set a $107.00 target price on shares of Southern in a research report on Monday. TD Cowen began coverage on shares of Southern in a research report on Thursday, October 16th. They issued a “buy” rating and a $112.00 target price for the company. Mizuho boosted their target price 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. Scotiabank reissued a “sector perform” rating and issued a $99.00 target price on shares of Southern in a research report on Friday, October 3rd. Finally, Barclays set a $70.00 target price on shares of Southern in a research report on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Southern currently has an average rating of “Hold” and a consensus target price of $99.66.

Southern Trading Down 0.3%

Shares of SO opened at $95.62 on Tuesday. The firm has a market cap of $105.19 billion, a price-to-earnings ratio of 24.58, a PEG ratio of 3.39 and a beta of 0.43. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.54 and a current ratio of 0.74. Southern Company has a 52-week low of $80.46 and a 52-week high of $100.83. The business’s fifty day moving average is $94.31 and its 200-day moving average is $92.36.

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

Southern Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 8th. Stockholders of record on Monday, November 17th will be paid a $0.74 dividend. The ex-dividend date of this dividend is Monday, November 17th. This represents a $2.96 annualized dividend and a dividend yield of 3.1%. Southern’s dividend payout ratio is currently 76.09%.

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.