Kingswood Wealth Advisors LLC Sells 5,464 Shares of Southern Company (The) $SO

Kingswood Wealth Advisors LLC trimmed its holdings in Southern Company (The) (NYSE:SO) by 18.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,596 shares of the utilities provider’s stock after selling 5,464 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Southern were worth $2,167,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of SO. Miracle Mile Advisors LLC boosted its holdings in shares of Southern by 0.7% during the 1st quarter. Miracle Mile Advisors LLC now owns 15,928 shares of the utilities provider’s stock valued at $1,465,000 after acquiring an additional 110 shares during the last quarter. Keudell Morrison Wealth Management boosted its holdings 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 buying an additional 110 shares during the last quarter. West Branch Capital LLC boosted its holdings 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 buying an additional 115 shares during the last quarter. McGlone Suttner Wealth Management Inc. lifted its holdings in Southern by 1.4% during the first quarter. McGlone Suttner Wealth Management Inc. now owns 8,565 shares of the utilities provider’s stock valued at $788,000 after purchasing an additional 116 shares in the last quarter. Finally, KPP Advisory Services LLC lifted its holdings in Southern by 1.0% during the second quarter. KPP Advisory Services LLC now owns 11,392 shares of the utilities provider’s stock valued at $1,046,000 after purchasing an additional 117 shares in the last quarter. 64.10% of the stock is currently owned by institutional investors.

Southern Price Performance

Shares of NYSE SO opened at $96.39 on Wednesday. The stock has a market capitalization of $106.03 billion, a price-to-earnings ratio of 24.78, a PEG ratio of 3.30 and a beta of 0.43. Southern Company has a 12 month low of $80.46 and a 12 month high of $96.77. The firm’s 50 day simple moving average is $93.50 and its 200-day simple moving average is $91.56. The company has a debt-to-equity ratio of 1.69, a current ratio of 0.74 and a quick ratio of 0.54.

Southern (NYSE:SO) last issued its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.91 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.08). The company had revenue of $6.97 billion during the quarter, compared to analysts’ expectations of $6.70 billion. Southern had a return on equity of 12.09% and a net margin of 15.10%.Southern’s revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the firm 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. 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 was paid on Monday, September 8th. Shareholders of record on Monday, August 18th were given a $0.74 dividend. This represents a $2.96 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Monday, August 18th. Southern’s payout ratio is currently 76.09%.

Wall Street Analyst Weigh In

Several research firms have recently commented on SO. Raymond James Financial assumed coverage on shares of Southern in a report on Friday, June 13th. They issued an “outperform” rating and a $98.00 target price on the stock. Wall Street Zen cut shares of Southern from a “hold” rating to a “sell” rating in a research report on Saturday, August 2nd. Morgan Stanley cut their price target 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. Scotiabank restated a “sector perform” rating and issued a $99.00 price target on shares of Southern in a report on Friday. Finally, JPMorgan Chase & Co. increased their target price on Southern from $97.00 to $98.00 and gave the company a “neutral” rating in a research report on Thursday, August 21st. Four research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $95.77.

Insiders Place Their Bets

In other Southern news, CEO Kimberly S. Greene sold 13,158 shares of Southern 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 of the company’s stock, valued at $8,897,795. The trade was a 12.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.16% of the stock is currently owned by corporate insiders.

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.