Alexander Labrunerie & CO. Inc. Has $241,000 Holdings in Southern Company (The) $SO

Alexander Labrunerie & CO. Inc. lifted its stake in shares of Southern Company (The) (NYSE:SO) by 5.6% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 2,624 shares of the utilities provider’s stock after buying an additional 138 shares during the period. Alexander Labrunerie & CO. Inc.’s holdings in Southern were worth $241,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Equitable Trust Co. grew its position in shares of Southern by 24.7% during 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. acquired a new stake in shares of Southern during the 2nd quarter worth approximately $2,352,000. Investors Research Corp grew its position in shares of Southern by 1,982.6% during 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 grew its position in shares of Southern by 35.8% during 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 grew its position in shares of Southern by 6.8% during 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. Institutional investors and hedge funds own 64.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Wells Fargo & Company assumed coverage on Southern in a report on Monday. They issued an “overweight” rating and a $97.00 target price on the stock. Morgan Stanley reiterated an “outperform” rating and issued a $99.00 target price on shares of Southern in a report on Wednesday, October 22nd. LADENBURG THALM/SH SH reiterated a “neutral” rating and issued a $102.50 target price (up from $99.50) on shares of Southern in a report on Friday, October 17th. Evercore ISI assumed coverage on Southern in a report on Monday, October 6th. They issued an “in-line” rating and a $103.00 target price on the stock. Finally, TD Cowen assumed coverage on Southern in a report on Thursday, October 16th. They issued a “buy” rating and a $112.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $99.66.

Southern Price Performance

Shares of NYSE:SO opened at $95.62 on Tuesday. 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 stock’s fifty day simple moving average is $94.31 and its two-hundred day simple moving average is $92.36. Southern Company has a 1-year low of $80.46 and a 1-year high of $100.83. The stock has a market cap of $105.19 billion, a PE ratio of 24.58, a price-to-earnings-growth ratio of 3.39 and a beta of 0.43.

Southern (NYSE:SO) last released its earnings results on Thursday, July 31st. The utilities provider reported $0.91 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 the consensus estimate of $6.70 billion. Southern had a return on equity of 12.09% and a net margin of 15.10%.The company’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $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, analysts forecast 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. Stockholders of record on Monday, November 17th will be paid a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Monday, November 17th. Southern’s payout ratio is presently 76.09%.

Southern 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.