Bartlett & CO. Wealth Management LLC Has $880,000 Position in Southern Company (The) $SO

Bartlett & CO. Wealth Management LLC trimmed its position in Southern Company (The) (NYSE:SO) by 2.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,579 shares of the utilities provider’s stock after selling 270 shares during the quarter. Bartlett & CO. Wealth Management LLC’s holdings in Southern were worth $880,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Cheviot Value Management LLC bought a new position in Southern during the first quarter worth about $28,000. Financial Connections Group Inc. bought a new stake in Southern in the 1st quarter valued at about $33,000. Accredited Wealth Management LLC acquired a new position in shares of Southern during the 1st quarter worth approximately $36,000. Rossby Financial LCC bought a new position in shares of Southern during the first quarter worth approximately $39,000. Finally, Saudi Central Bank acquired a new stake in shares of Southern in the first quarter valued at approximately $40,000. Institutional investors and hedge funds own 64.10% of the company’s stock.

Southern Trading Up 0.0%

SO opened at $94.79 on Thursday. The company has a market cap of $104.27 billion, a P/E ratio of 24.37, a PEG ratio of 3.28 and a beta of 0.43. The company has a current ratio of 0.74, a quick ratio of 0.54 and a debt-to-equity ratio of 1.69. The company’s 50 day moving average is $93.49 and its 200-day moving average is $91.40. Southern Company has a 1-year low of $80.46 and a 1-year high of $96.44.

Southern (NYSE:SO) last released its quarterly earnings data 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). Southern had a return on equity of 12.09% and a net margin of 15.10%.The company had revenue of $6.97 billion for the quarter, compared to analyst estimates of $6.70 billion. During the same quarter in the prior year, the company earned $1.10 earnings per share. Southern’s revenue for the quarter 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 research analysts predict that Southern Company will post 4.29 earnings per share for the current fiscal year.

Southern Announces Dividend

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

Insiders Place Their Bets

In other Southern news, CEO Kimberly S. Greene sold 13,158 shares of the stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $95.00, for a total value of $1,250,010.00. Following the completion of the transaction, the chief executive officer directly owned 93,661 shares in the company, valued at approximately $8,897,795. This trade 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 can be accessed through this link. 0.16% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on SO shares. Barclays increased their price target on Southern from $90.00 to $91.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 16th. Scotiabank increased their target price on Southern from $98.00 to $99.00 and gave the stock a “sector outperform” rating in a report on Friday, August 1st. BMO Capital Markets boosted their price target on Southern from $98.00 to $102.00 and gave the company an “outperform” rating in a research note on Tuesday, July 22nd. Wall Street Zen cut shares of Southern from a “hold” rating to a “sell” rating in a research report on Saturday, August 2nd. Finally, Morgan Stanley decreased their target price on shares of Southern from $94.00 to $92.00 and set an “equal weight” rating on the stock in a report on Thursday, September 25th. Four investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $95.08.

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.