Tevis Investment Management Makes New Investment in Southern Company (The) $SO

Tevis Investment Management acquired a new position in shares of Southern Company (The) (NYSE:SO) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,413 shares of the utilities provider’s stock, valued at approximately $222,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Southern by 1.4% during the first quarter. Vanguard Group Inc. now owns 104,210,177 shares of the utilities provider’s stock worth $9,582,126,000 after purchasing an additional 1,419,724 shares in the last quarter. Northern Trust Corp raised its holdings in Southern by 1.0% during the first quarter. Northern Trust Corp now owns 10,912,663 shares of the utilities provider’s stock worth $1,003,419,000 after purchasing an additional 107,394 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Southern by 1.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 6,680,776 shares of the utilities provider’s stock worth $614,297,000 after purchasing an additional 81,066 shares in the last quarter. Nuveen LLC acquired a new stake in Southern during the first quarter worth approximately $510,229,000. Finally, Federated Hermes Inc. raised its holdings in Southern by 4.1% during the first quarter. Federated Hermes Inc. now owns 3,046,293 shares of the utilities provider’s stock worth $280,107,000 after purchasing an additional 120,816 shares in the last quarter. Institutional investors and hedge funds own 64.10% of the company’s stock.

Southern Stock Performance

Shares of SO opened at $95.62 on Tuesday. 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 stock has a market capitalization of $105.19 billion, a P/E ratio of 24.58, a P/E/G ratio of 3.39 and a beta of 0.43. The company’s fifty day moving average is $94.31 and its two-hundred day moving average is $92.36. Southern Company has a 1 year low of $80.46 and a 1 year high of $100.83.

Southern (NYSE:SO) last announced its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.08). The firm had revenue of $6.97 billion during the quarter, compared to analyst estimates of $6.70 billion. Southern had a net margin of 15.10% and a return on equity of 12.09%. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. 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. On average, sell-side analysts predict that Southern Company will post 4.29 earnings per share for the current year.

Southern Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 8th. Shareholders of record on Monday, November 17th will be paid a $0.74 dividend. This represents a $2.96 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Monday, November 17th. Southern’s payout ratio is currently 76.09%.

Wall Street Analyst Weigh In

SO has been the topic of a number of recent research reports. Wall Street Zen cut shares of Southern from a “hold” rating to a “sell” rating in a report on Saturday, August 2nd. BMO Capital Markets lifted their target price on shares of Southern from $98.00 to $102.00 and gave the company an “outperform” rating in a report on Tuesday, July 22nd. Barclays set a $70.00 target price on shares of Southern in a report on Tuesday, October 14th. Morgan Stanley reaffirmed an “outperform” rating and issued a $99.00 target price on shares of Southern in a report on Wednesday, October 22nd. Finally, KeyCorp lifted their target price on shares of Southern from $78.00 to $87.00 and gave the company an “underweight” rating in a report on Wednesday, October 15th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $99.66.

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.