Verdence Capital Advisors 13F: Adds $3.2M to SO Stake
Key Points
- Verdence Capital Advisors now holds 63,702 shares of Southern Company, representing 0.87% of its portfolio and a total reported value of about $5.3 million.
- The fund's stake increased by 148.4%, reflecting a significant boost in its investment in the utility sector.
- As of October 28, 2026, Southern Company trades recently at $92.65, slightly above its closing price of $92.57 on the filing date.
Since the filing, $SO is up 0.1% to date (from the $92.57 close on Oct 26, 2026).
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On October 26, 2026, Verdence Capital Advisors boosted its stake in Southern Company (SO) by 38,059 shares, bringing its total to 63,702 shares valued at about $5.3 million. This information comes from the fund's latest Form 13F filing with the SEC, which covers the quarter ending September 30, 2026.
SO
The Southern Company
Verdence Capital Advisors vs. the S&P 500
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What Changed in Verdence Capital Advisors' Southern Company Position
Verdence Capital Advisors increased its position in Southern Company by 38,059 shares, marking a 148.4% change. The fund's reported value for this position is approximately $5.3 million, contributing to a total portfolio value of about $604.5 million.
Where Southern Company Fits in Verdence Capital Advisors' Portfolio
Southern Company now makes up 0.87% of Verdence Capital Advisors' portfolio, ranking 30th among its 758 reported positions.
Other Institutional Activity in Southern Company
Several other funds have also made moves with Southern Company. Capital Investment Advisors added 37,599 shares, bringing its total to 686,172 shares valued at about $56.9 million. Bell Bank reduced its stake by 23,231 shares, ending with 116,905 shares worth approximately $9.7 million. Soroban Capital Partners cut its holdings significantly, decreasing by 3,718,097 shares to a total of 2,375,511 shares valued at about $227.4 million.
The Southern Company Stock Up 0.1%
Southern Company closed at $92.57 on October 26, 2026, and has recently traded around $92.65 as of October 28, 2026. The stock is currently above its 50-day moving average by 5.6% and slightly above its 200-day average by 0.3%, indicating a stable price trend.
Recent Earnings
For the trailing twelve months, Southern Company reported revenue of approximately $30.2 billion and an EPS of $4.15. The next earnings report is scheduled for November 5, 2026, which could provide further insights into the company's performance.
Dividend
Southern Company pays an annual dividend of $3.04 per share, yielding about 3.28%. This consistent dividend payout reflects the company's commitment to returning value to its shareholders.
Insider Buying and Selling at The Southern Company
Recent insider transactions include several sales by Matthew M. Kim, an officer at the company, who sold 100 shares on October 1, 2026, at an average price of $82.73, totaling $8,273. Another officer, Peter P Sena III, sold 4,266 shares on September 3, 2026, for $377,925. These transactions occurred before the recent filing date and do not imply negative sentiment.
Analysts Set New Price Targets
On October 22, 2026, HSBC initiated coverage on Southern Company with a Buy rating and a price target of $99.50. Other firms, such as Truist Securities and Barclays, maintained ratings of Hold and Equal-Weight, respectively, with price targets of $93.00 and $92.00.
About Southern Company
Southern Company is a major utility firm that provides electricity to retail and wholesale customers. Its subsidiaries engage in the sale of energy-related products and services, making it a key player in the regulated electric utilities sector.
Bottom Line
Investors should keep an eye on Southern Company's upcoming earnings report on November 5, 2026, and any further filings from Verdence Capital Advisors. The recent boost in shares indicates growing confidence in the company's prospects amid a stable utility market.
Related Filing Alerts
Source: Verdence Capital Advisors's 13F filing on $SO (Oct 26, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts