Southern Company (The) $SO Holdings Increased by Magellan Asset Management Ltd

Magellan Asset Management Ltd lifted its stake in Southern Company (The) (NYSE:SO) by 13.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 403,257 shares of the utilities provider’s stock after acquiring an additional 48,850 shares during the period. Magellan Asset Management Ltd’s holdings in Southern were worth $38,217,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cloud Capital Management LLC bought a new stake in Southern during the third quarter worth approximately $25,000. Grey Fox Wealth Advisors LLC acquired a new position in shares of Southern during the 3rd quarter valued at $29,000. Steigerwald Gordon & Koch Inc. bought a new stake in shares of Southern in the 3rd quarter worth $34,000. Chilton Capital Management LLC raised its stake in shares of Southern by 120.1% in the 3rd quarter. Chilton Capital Management LLC now owns 361 shares of the utilities provider’s stock worth $34,000 after buying an additional 197 shares in the last quarter. Finally, Anfield Capital Management LLC lifted its holdings in shares of Southern by 309.5% in the second quarter. Anfield Capital Management LLC now owns 430 shares of the utilities provider’s stock valued at $39,000 after buying an additional 325 shares during the period. 64.10% of the stock is currently owned by institutional investors.

Southern Price Performance

NYSE SO opened at $95.86 on Wednesday. The company has a current ratio of 0.65, a quick ratio of 0.47 and a debt-to-equity ratio of 1.69. Southern Company has a 1 year low of $83.09 and a 1 year high of $100.83. The company has a market cap of $105.55 billion, a PE ratio of 24.39, a PEG ratio of 2.88 and a beta of 0.45. The stock’s 50-day moving average price is $89.14 and its two-hundred day moving average price is $91.28.

Southern (NYSE:SO) last released its earnings results on Thursday, February 19th. The utilities provider reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.01). The firm had revenue of $6.98 billion during the quarter, compared to analysts’ expectations of $6.41 billion. Southern had a return on equity of 12.52% and a net margin of 14.69%.The business’s revenue was up 10.1% on a year-over-year basis. During the same period last year, the business earned $0.50 earnings per share. Southern has set its Q1 2026 guidance at 1.200-1.20 EPS and its FY 2026 guidance at 4.500-4.600 EPS. On average, analysts predict that Southern Company will post 4.29 EPS for the current year.

Southern Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 6th. Investors of record on Tuesday, February 17th will be issued a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Tuesday, February 17th. Southern’s dividend payout ratio (DPR) is currently 75.32%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SO. Truist Financial set a $103.00 target price on Southern in a report on Friday. Wall Street Zen lowered shares of Southern from a “hold” rating to a “sell” rating in a research report on Saturday, December 6th. Mizuho set a $104.00 target price on shares of Southern and gave the stock an “outperform” rating in a report on Friday. The Goldman Sachs Group lowered shares of Southern from a “buy” rating to a “neutral” rating and set a $98.00 target price for the company. in a research note on Thursday, November 6th. Finally, Scotiabank raised their target price on shares of Southern from $101.00 to $103.00 and gave the stock a “sector perform” rating in a report on Friday. Five analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Southern presently has a consensus rating of “Hold” and an average price target of $97.64.

Southern Profile

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.