Bell Bank 13F: Cuts The Southern (SO) Stake by $1.9M

Bell Bank lowered its investment in The Southern Company NYSE:SO, dropping its holdings by 23,231 shares during the period. The disclosure came in a Form 13F filed with the SEC on October 21, 2026.

SO The Southern Company

$90.59 ▲ +6.46% year to date

1M 3M YTD

Daily close · Oct 21, 2026

What Changed in Bell Bank's The Southern Company Position

Bell Bank reduced its position by 16.57746760290004% to finish the quarter with 116,905 shares. The remaining stake was valued at $9,690,255 based on the filing details, down from its prior holding of 140,136 shares.

Other Institutional Activity in The Southern Company

Other major investment managers adjusted their positions in the utility firm around the same time. Soroban Capital Partners trimmed its holdings by 3,718,097 shares, ending with 2,375,511 shares valued at $227,360,155.64. Quadrant Capital Group reduced its stake by 15,413 shares, or 43.8330062850155%, leaving it with 19,750 shares worth $1,740,173. Franklin Resources, Inc. cut its position by 247,092 shares, a 1.5% decrease, finishing with 16,561,908 shares valued at $1,497,030,854.

The Southern Company Stock Up 1.1%

The shares recently traded around $90.71 as of October 22, 2026, sitting above the closing price of $90.39 recorded on the October 21 filing date. The stock trades near the middle of its 52-week range of $81.69 to $99.58.

Recent Earnings

Recent financial results show trailing-twelve-month revenue of $30,179,000,320 alongside basic earnings of $4.15 per share. The company posted a net profit margin of 15.4% and a return on equity of 11.5%. Its next quarterly earnings report is scheduled for November 5, 2026.

Dividend

The company offers an annual dividend rate of $3.04 per share, translating to a dividend yield of 3.35%. This payout is supported by a dividend payout ratio of 71.8%.

Insider Buying and Selling at The Southern Company

Company insiders executed several stock sales prior to the filing. Officer Matthew M. Kim sold 100 shares on September 1 for $88.45 per share, totaling $8,845, and later sold 1,400 shares on September 3 for $88.87 per share, worth $124,418. Officer Peter P Sena III sold 4,266 shares on September 3 for $88.59 per share, totaling $377,925. Matthew M. Kim also sold another 100 shares on October 1 for $82.73 per share, worth $8,273.

Analysts Set New Price Targets

Wall Street firms updated their views on the stock ahead of the filing. On October 13, 2026, JP Morgan maintained its neutral rating with a $94.00 price target. Truist Securities kept a hold rating and a $93.00 price target on October 15. Barclays maintained an equal-weight rating with a $92.00 target on October 16, while Jefferies kept a hold rating and a $95.00 target on October 20. Morgan Stanley maintained an underweight rating and an $84.00 target on October 21. Overall, 19 analysts track the stock, resulting in a consensus hold recommendation and an average price target of $96.24.

About The Southern Company

Headquartered in Atlanta, Georgia, The Southern Company operates as a major regulated electric utility holding company. Through its utility subsidiaries, the firm provides electricity and energy services to retail and wholesale customers across various markets. Its immense infrastructure supports millions of utility users, making its shares a common holding for institutional portfolios.

Bottom Line

Bell Bank's decision to trim its holdings follows similar adjustments by other large institutional managers. Investors will look toward the company's upcoming earnings release on November 5, 2026, for further updates on utility demand and financial performance.