--- title: "Callan Family Office LLC Takes Position in Southern Company (The) $SO" type: "News" locale: "en" url: "https://longbridge.com/en/news/296677132.md" description: "Callan Family Office LLC acquired a new position in Southern Company (NYSE: SO) during the second quarter, purchasing 44,553 shares valued at approximately $4.26 million. This move adds to institutional ownership, which stands at 64.10%. The acquisition follows recent analyst updates, including JPMorgan raising its price target to $104 and Weiss Ratings reaffirming a 'buy' rating. Southern recently reported quarterly EPS of $1.13, beating estimates, and declared a $0.76 quarterly dividend." datetime: "2026-08-22T08:24:57.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296677132.md) - [en](https://longbridge.com/en/news/296677132.md) - [zh-HK](https://longbridge.com/zh-HK/news/296677132.md) generator: "portal-rs" --- # Callan Family Office LLC Takes Position in Southern Company (The) $SO Callan Family Office LLC acquired a new position in shares of Southern Company (The) (NYSE:SO - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 44,553 shares of the utilities provider's stock, valued at approximately $4,264,000. - Sony and TSMC’s $4.7 Billion Venture Is About More Than Camera Sensors A number of other institutional investors and hedge funds have also added to or reduced their stakes in SO. Evergreen Advisors LLC bought a new stake in shares of Southern during the first quarter valued at about $25,000. Scarborough Advisors LLC bought a new position in Southern in the 1st quarter valued at about $25,000. Ankerstar Wealth LLC acquired a new position in Southern during the 4th quarter valued at about $25,000. Triumph Capital Management acquired a new position in Southern during the 3rd quarter valued at about $29,000. Finally, Cornerstone Financial Management LLC bought a new stake in shares of Southern during the 4th quarter worth about $27,000. 64.10% of the stock is owned by institutional investors. ## Analysts Set New Price Targets SO has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Southern in a research note on Wednesday, July 29th. JPMorgan Chase & Co. raised their price objective on shares of Southern from $101.00 to $104.00 and gave the company a "neutral" rating in a research note on Thursday, July 16th. Raymond James Financial reissued an "outperform" rating and set a $104.00 target price on shares of Southern in a report on Friday, May 1st. Truist Financial cut their target price on Southern from $100.00 to $97.00 and set a "hold" rating for the company in a research report on Thursday, August 13th. Finally, Wall Street Zen lowered Southern from a "hold" rating to a "sell" rating in a research note on Saturday, August 1st. Seven investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $100.09. - Solventum Nears Inflection Point As It Begins to Unlock Value **View Our Latest Report on Southern** ## Southern Price Performance Shares of NYSE SO opened at $89.09 on Friday. Southern Company has a twelve month low of $83.80 and a twelve month high of $100.83. The company has a current ratio of 0.79, a quick ratio of 0.59 and a debt-to-equity ratio of 1.62. The firm has a 50-day moving average of $94.52 and a two-hundred day moving average of $94.40. The company has a market capitalization of $102.49 billion, a price-to-earnings ratio of 21.36, a PEG ratio of 1.76 and a beta of 0.34. - Sony Is Going All-Digital—But Investors Should Watch This Instead Southern (NYSE:SO - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.12. Southern had a net margin of 15.43% and a return on equity of 12.93%. The company had revenue of $6.98 billion for the quarter, compared to analysts' expectations of $7.23 billion. During the same quarter in the previous year, the company posted $0.79 EPS. The business's revenue was up .1% compared to the same quarter last year. As a group, analysts expect that Southern Company will post 4.58 earnings per share for the current fiscal year. ## Southern Dividend Announcement The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, August 17th will be given a $0.76 dividend. The ex-dividend date is Monday, August 17th. This represents a $3.04 annualized dividend and a yield of 3.4%. Southern's payout ratio is 72.90%. ## Southern Profile (Free Report) Southern Company NYSE: SO is an Atlanta-based energy holding company that provides electric and gas utility services and owns power generation assets across the United States. Founded in 1945, the company operates a portfolio of regulated electric utilities and affiliated businesses that generate, transmit and distribute electricity to residential, commercial and industrial customers. Southern's principal regulated electric subsidiaries include Georgia Power, Alabama Power and Mississippi Power, which serve large portions of the southeastern United States. ## See Also - Five stocks we like better than Southern - Blueprint for a Boom: SEC Clears the Crypto Runway - Ross Stores Just Flipped the Off-Price Retail Story After TJX's Marmaxx Miss - Advance Auto Parts Plunged, But Its Turnaround Is Still Working - Is Palo Alto Networks Priced for Perfection Again as AI Security Demand Accelerates? *This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.* Continue following MarketBeat Add MarketBeat as your preferred source on Google to see our latest stories in your feed. Add As Preferred Source ## Should You Invest $1,000 in Southern Right Now? Before you consider Southern, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Southern wasn't on the list. While Southern currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. 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