Quadrant Capital Group 13F: Cuts The Southern (SO) Stake by $1.4M

Quadrant Capital Group cut its position in The Southern Company (NYSE: SO) by 43.8%, shedding 15,413 shares during the period. According to a Form 13F filing with the SEC on October 20, 2026, the fund held 19,750 shares valued at approximately $1,740,173 at the end of the reporting window, down from its previous total of 35,163 shares.

SO The Southern Company

$90.59 ▲ +6.46% year to date

1M 3M YTD

Daily close · Oct 21, 2026

What Changed in Quadrant Capital Group's The Southern Company Position

The investment firm trimmed its holdings significantly, reducing its exposure to the major utility provider by nearly half. The remaining stake of 19,750 shares reflects a smaller footprint in the Atlanta-based electric utility as institutional investors adjust their portfolios ahead of year-end.

Other Institutional Activity in The Southern Company

Other large investors also shifted their positions in the utility sector. Soroban Capital Partners reduced its holdings by 3,718,097 shares, ending with 2,375,511 shares worth about $227,360,155 on May 15, 2026. Franklin Resources, Inc. trimmed its stake by 247,092 shares, or 1.5%, to finish with 16,561,908 shares valued at about $1,497,030,854 on June 30, 2026.

The Southern Company Stock Holds Steady

The stock recently traded around $90.71 as of October 22, 2026, matching its event close of $90.71 on October 20. The shares sit above their 50-day moving average of $87.73 but remain below the 200-day moving average of $92.21.

Recent Earnings

The utility generated trailing twelve-month revenue of $30,179,000,320 alongside basic earnings of $4.15 per share. Its next financial update is scheduled for November 5, 2026.

Dividend

The company distributes an annual dividend rate of $3.04 per share, providing a dividend yield of 3.35%.

Insider Buying and Selling at The Southern Company

Company insiders executed several transactions prior to the filing date. On September 1, 2026, officer Matthew M. Kim sold 100 shares at an average price of $88.45 for a total value of $8,845. Shortly after, on September 3, Peter P Sena III sold 4,266 shares at $88.59 apiece, totaling $377,925, while Matthew M. Kim disposed of another 1,400 shares at $88.87 for $124,418. Later, on October 1, Kim sold an additional 100 shares at $82.73, bringing in $8,273. None of these sales were carried out under a pre-arranged Rule 10b5-1 trading plan.

Analysts Set New Price Targets

Wall Street firms updated their outlooks on the stock through mid-October. On October 13, 2026, JP Morgan maintained its Neutral rating while adjusting its target from $101.00 to $94.00, and Keybanc kept an Underweight rating with a target lowered from $79.00 to $74.00. Truist Securities maintained a Hold rating on October 15 with a target moved from $97.00 to $93.00, while Barclays kept an Equal-Weight rating on October 16, shifting its target from $101.00 to $92.00. Jefferies also maintained a Hold rating on October 20, adjusting its target from $96.00 to $95.00. Overall, the stock holds a consensus recommendation of hold across 19 analyst opinions, backed by a mean price target of $96.24.

About The Southern Company

Headquartered in Atlanta, Georgia, The Southern Company operates as a regulated electric utility holding company that provides electricity to retail and wholesale customers. It also delivers energy-related products and services to natural gas choice markets across its service territories.

Bottom Line

Investors will look closely at the upcoming earnings release on November 5, 2026, for fresh details on operational performance. Monitoring subsequent SEC filings will also show whether other funds follow Quadrant Capital Group's lead in trimming exposure to the utility.