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Recent Hedge Fund Activity
Several hedge funds recently adjusted their positions in Southern Company, with Heritage Wealth Management Inc. investing $372,000 and Sanctuary Advisors LLC purchasing approximately $27.44 million worth of shares. Other significant investments include Gordian Capital ($325,000), Strategic Investment Solutions ($60,000), and Founders Financial Alliance ($197,000). Institutional investors own 64.10% of Southern’s stock.
Southern Stock Performance
As of Wednesday, Southern Company (NYSE: SO) shares opened at $90.88, with a market cap of $99.37 billion. The stock has a 52-week range of $61.56 to $91.77 and reports solid financial metrics, including a P/E ratio of 23.48.
Earnings and Dividends
On August 1st, Southern Company announced quarterly earnings of $1.10 EPS, exceeding estimates. The company also recently declared a dividend of $0.72 per share, yielding 3.17% annually, with a payout ratio of 74.42%.
Insider Transactions
CEO Anthony L. Wilson sold 6,900 shares for $535,509, retaining 85,309 shares. EVP Bryan D. Anderson also sold shares valued at approximately $587,830. Insiders hold 0.18% of the company’s stock.
Analyst Ratings
Analysts show mixed sentiment for SO, with a consensus “Hold” rating and an average target price of $86.60. Recent reports included downgrades and modest price target adjustments from firms like Mizuho and JPMorgan.
About Southern Company
The Southern Company engages in electricity generation, transmission, and distribution, and operates in the natural gas sector across several U.S. states.
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