Community Bank & Trust Waco Texas Buys 477 Shares of Southern Company (The) $SO

Community Bank & Trust Waco Texas boosted its position in Southern Company (The) (NYSE:SO) by 0.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 65,692 shares of the utilities provider’s stock after acquiring an additional 477 shares during the period. Southern accounts for 1.4% of Community Bank & Trust Waco Texas’ investment portfolio, making the stock its 24th biggest position. Community Bank & Trust Waco Texas’ holdings in Southern were worth $6,032,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Miracle Mile Advisors LLC boosted its position in shares of Southern by 0.7% in the first quarter. Miracle Mile Advisors LLC now owns 15,928 shares of the utilities provider’s stock worth $1,465,000 after purchasing an additional 110 shares during the period. Keudell Morrison Wealth Management boosted its position in shares of Southern by 1.1% in the first quarter. Keudell Morrison Wealth Management now owns 10,032 shares of the utilities provider’s stock worth $922,000 after purchasing an additional 110 shares during the period. West Branch Capital LLC boosted its position in shares of Southern by 23.0% in the first quarter. West Branch Capital LLC now owns 616 shares of the utilities provider’s stock worth $57,000 after purchasing an additional 115 shares during the period. PFW Advisors LLC boosted its position in shares of Southern by 1.9% in the first quarter. PFW Advisors LLC now owns 6,114 shares of the utilities provider’s stock worth $562,000 after purchasing an additional 116 shares during the period. Finally, McGlone Suttner Wealth Management Inc. boosted its position in shares of Southern by 1.4% in the first quarter. McGlone Suttner Wealth Management Inc. now owns 8,565 shares of the utilities provider’s stock worth $788,000 after purchasing an additional 116 shares during the period. Institutional investors own 64.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Scotiabank upped their price target on shares of Southern from $98.00 to $99.00 and gave the stock a “sector outperform” rating in a research report on Friday, August 1st. JPMorgan Chase & Co. upped their price target on shares of Southern from $97.00 to $98.00 and gave the stock a “neutral” rating in a research report on Thursday, August 21st. BMO Capital Markets upped their price target on shares of Southern from $98.00 to $102.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 22nd. Barclays upped their price target on shares of Southern from $90.00 to $91.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 16th. Finally, Wall Street Zen lowered shares of Southern from a “hold” rating to a “sell” rating in a research report on Saturday, August 2nd. Four investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Southern currently has a consensus rating of “Hold” and an average target price of $95.08.

Southern Price Performance

Shares of NYSE:SO opened at $94.78 on Wednesday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.54 and a current ratio of 0.74. The firm has a fifty day moving average price of $93.50 and a 200 day moving average price of $91.38. Southern Company has a fifty-two week low of $80.46 and a fifty-two week high of $96.44. The firm has a market cap of $104.26 billion, a price-to-earnings ratio of 24.37, a P/E/G ratio of 3.25 and a beta of 0.41.

Southern (NYSE:SO) last released its quarterly 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 business had revenue of $6.97 billion for the quarter, compared to analysts’ expectations of $6.70 billion. Southern had a net margin of 15.10% and a return on equity of 12.09%. Southern’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the previous year, the company earned $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. As a group, sell-side analysts expect that Southern Company will post 4.29 earnings per share for the current fiscal year.

Southern Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 8th. Investors of record on Monday, August 18th were paid a dividend of $0.74 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $2.96 dividend on an annualized basis and a yield of 3.1%. Southern’s dividend payout ratio is presently 76.09%.

Insider Transactions at Southern

In related news, CEO Kimberly S. Greene sold 13,158 shares of the company’s stock in a transaction on Monday, July 21st. The shares were sold at an average price of $95.00, for a total transaction of $1,250,010.00. Following the sale, the chief executive officer owned 93,661 shares of the company’s stock, valued at $8,897,795. This represents a 12.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.16% of the stock is currently owned by insiders.

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.