675,561 Southern Company (The) $SO Shares Sold by Calamos Wealth Management LLC

Calamos Wealth Management LLC cut its stake in shares of Southern Company (The) (NYSE:SO) by 76.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 213,083 shares of the utilities provider’s stock after selling 675,561 shares during the quarter. Calamos Wealth Management LLC’s holdings in Southern were worth $17,662,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Evergreen Advisors LLC acquired a new position in Southern during the first quarter worth $25,000. Scarborough Advisors LLC purchased a new stake in shares of Southern during the 1st quarter worth $25,000. Bullseye Investment Management LLC acquired a new position in shares of Southern during the 2nd quarter worth $26,000. J.Safra Asset Management Corp acquired a new position in shares of Southern during the 2nd quarter worth $30,000. Finally, Frazier Financial Advisors LLC acquired a new position in shares of Southern during the 2nd quarter worth $31,000. 64.10% of the stock is owned by hedge funds and other institutional investors.

Southern News Roundup

Here are the key news stories impacting Southern this week:

• Positive Sentiment: Third-quarter adjusted EPS of $1.94 beat the $1.71 consensus estimate, while revenue rose 13% year over year to $8.84 billion, also ahead of expectations. The company’s earnings release reported $1.77 per share on its stated basis, compared with $1.55 a year earlier. Article: Southern Co. Q3 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Management highlighted surging data-center demand and 21 GW of large-load contracts. Its 2026 EPS guidance of $4.70 is above the $4.59 consensus, and 2028 guidance of $5.25–$5.45 spans from consensus to above it—supporting the longer-term growth outlook. Article: Southern Q3 Earnings Call Highlights Growth and Capital Upside
• Neutral Sentiment: A potential $100 billion capital plan could enable investment to serve rising electricity demand, but its eventual scale and funding needs remain considerations for investors. Article: Southern Q3 Earnings Call Highlights Growth and Capital Upside
• Negative Sentiment: Fourth-quarter 2026 EPS guidance of $0.30 is below analysts’ $0.44 estimate. That near-term shortfall may temper the positive reaction to the quarterly beat and full-year guidance. Article: Southern Company Q3 Earnings Report

Analyst Upgrades and Downgrades

Several analysts recently commented on SO shares. Bank of America reduced their price objective on shares of Southern from $100.00 to $92.00 and set a “neutral” rating for the company in a research note on Tuesday, October 13th. HSBC started coverage on shares of Southern in a research report on Thursday, October 22nd. They set a “buy” rating and a $99.50 target price on the stock. Barclays lowered their target price on shares of Southern from $101.00 to $92.00 and set an “equal weight” rating on the stock in a research report on Friday, October 16th. Truist Financial dropped their target price on shares of Southern from $97.00 to $93.00 and set a “hold” rating for the company in a report on Thursday, October 15th. Finally, KeyCorp reduced their price target on shares of Southern from $79.00 to $74.00 and set an “underweight” rating for the company in a research report on Tuesday, October 13th. Eight analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Southern has an average rating of “Hold” and an average target price of $97.24.

Southern Price Performance

Shares of SO stock traded down $1.18 during mid-day trading on Friday, reaching $92.16. The stock had a trading volume of 7,595,511 shares, compared to its average volume of 5,663,217. Southern Company has a 12-month low of $81.69 and a 12-month high of $99.58. The company has a market cap of $106.02 billion, a P/E ratio of 20.99, a price-to-earnings-growth ratio of 2.49 and a beta of 0.30. The business has a 50-day simple moving average of $88.16 and a 200 day simple moving average of $92.48. The company has a current ratio of 0.79, a quick ratio of 0.59 and a debt-to-equity ratio of 1.62.

Southern (NYSE:SO) last released its quarterly earnings results on Thursday, November 5th. The utilities provider reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.71 by $0.23. The business had revenue of $8.84 billion during the quarter, compared to the consensus estimate of $8.38 billion. Southern had a return on equity of 12.93% and a net margin of 15.43%. The business’s revenue was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.54 EPS. On average, sell-side analysts anticipate that Southern Company will post 4.59 earnings per share for the current year.

Southern Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 7th. Shareholders of record on Monday, November 16th will be given a dividend of $0.76 per share. The ex-dividend date is Monday, November 16th. This represents a $3.04 dividend on an annualized basis and a yield of 3.3%. Southern’s payout ratio is presently 69.25%.

Southern Company Profile

Southern Company is an energy holding company based in Atlanta, Georgia. Through its subsidiaries, it generates, transmits and distributes electricity and provides natural gas service, primarily across the southeastern United States.

Its electric utility businesses include Alabama Power, Georgia Power and Mississippi Power, which serve customers in their respective states. Southern Company also owns Southern Power, which develops and operates wholesale power generation assets, and Southern Company Gas, whose businesses distribute natural gas to customers in several states.

Formed in 1945, Southern Company has grown from a regional electric utility holding company into a diversified energy provider.