Caliber Wealth Management LLC KS Invests $426,000 in Southern Company (The) $SO

Caliber Wealth Management LLC KS purchased a new position in shares of Southern Company (The) (NYSE:SO) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 4,638 shares of the utilities provider’s stock, valued at approximately $426,000.

Several other large investors also recently modified their holdings of SO. Equitable Trust Co. boosted its holdings in Southern by 24.7% in the 2nd quarter. Equitable Trust Co. now owns 34,527 shares of the utilities provider’s stock worth $3,171,000 after buying an additional 6,843 shares during the period. Klein Pavlis & Peasley Financial Inc. bought a new position in Southern in the 2nd quarter worth approximately $2,352,000. Investors Research Corp boosted its holdings in Southern by 1,982.6% in the 2nd quarter. Investors Research Corp now owns 5,623 shares of the utilities provider’s stock worth $516,000 after buying an additional 5,353 shares during the period. Intech Investment Management LLC boosted its holdings in Southern by 35.8% in the 1st quarter. Intech Investment Management LLC now owns 116,059 shares of the utilities provider’s stock worth $10,672,000 after buying an additional 30,618 shares during the period. Finally, Czech National Bank boosted its holdings in Southern by 6.8% in the 2nd quarter. Czech National Bank now owns 268,648 shares of the utilities provider’s stock worth $24,670,000 after buying an additional 17,111 shares during the period. Hedge funds and other institutional investors own 64.10% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. KeyCorp raised their price objective on shares of Southern from $78.00 to $87.00 and gave the stock an “underweight” rating in a report on Wednesday, October 15th. JPMorgan Chase & Co. raised their price target on shares of Southern from $97.00 to $98.00 and gave the company a “neutral” rating in a report on Thursday, August 21st. Cowen assumed coverage on shares of Southern in a report on Wednesday, October 15th. They issued a “buy” rating for the company. Scotiabank reissued a “sector perform” rating and issued a $99.00 price target on shares of Southern in a report on Friday, October 3rd. Finally, Wall Street Zen downgraded shares of Southern from a “hold” rating to a “sell” rating in a report on Saturday, August 2nd. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $99.30.

Southern Stock Performance

NYSE SO opened at $97.47 on Thursday. Southern Company has a 52-week low of $80.46 and a 52-week high of $100.83. 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 company has a market capitalization of $107.22 billion, a P/E ratio of 25.06, a P/E/G ratio of 3.43 and a beta of 0.43. The company has a fifty day moving average of $94.18 and a 200-day moving average of $92.12.

Southern (NYSE:SO) last posted 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). The company had revenue of $6.97 billion for the quarter, compared to the consensus estimate of $6.70 billion. Southern had a return on equity of 12.09% and a net margin of 15.10%.The business’s revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.10 earnings per share. 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, equities research analysts predict that Southern Company will post 4.29 EPS for the current fiscal year.

Southern Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 8th. Investors of record on Monday, November 17th will be given a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Monday, November 17th. Southern’s dividend payout ratio (DPR) is presently 76.09%.

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.