Vanguard Trims Southern Co Stake to 1.7% as of Dec 29, 2023

TL;DR

**Vanguard slightly cut its Southern Co stake to 1.7% as of year-end 2023.**

AI Summary

The Vanguard Group, a major investment firm, filed an amendment (SC 13G/A) on February 13, 2024, updating its beneficial ownership in Southern Co. As of December 29, 2023, Vanguard reported shared voting power over 1,876,183 shares of Southern Co. common stock, representing 1.7% of the company's outstanding shares. This filing indicates a slight decrease in Vanguard's reported ownership percentage from its previous filing, which could signal a minor rebalancing of its portfolio holdings in Southern Co. for investors.

Why It Matters

This filing shows a slight reduction in Vanguard's passive ownership of Southern Co, which could be interpreted as a minor rebalancing by a major institutional investor. While not a significant divestment, it's a data point for investors to consider regarding institutional sentiment.

Risk Assessment

Risk Level: low — This filing is a routine update from a passive institutional investor and does not indicate any significant change in company fundamentals or a major divestment.

Analyst Insight

Investors should note this as a routine update from a major passive investor. While a slight reduction in percentage, it's unlikely to signal a fundamental shift in Southern Co.'s outlook. Monitor future 13F filings for broader institutional sentiment changes.

Key Numbers

• 1,876,183 — Shared Voting Power Shares (The number of Southern Co. shares Vanguard has shared voting power over as of December 29, 2023.)
• 1.7% — Beneficial Ownership Percentage (The percentage of Southern Co. common stock beneficially owned by The Vanguard Group.)
• 0 — Sole Voting Power Shares (The number of Southern Co. shares Vanguard has sole voting power over, indicating a passive investment strategy.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and institutional investor
• Southern Co (company) — subject company whose securities are being reported
• 1,876,183 (dollar_amount) — number of shares with shared voting power held by Vanguard
• 1.7% (dollar_amount) — percentage of class outstanding beneficially owned by Vanguard
• December 29, 2023 (date) — date of event requiring the filing
• February 13, 2024 (date) — filing date of the SC 13G/A

Forward-Looking Statements

• Vanguard will continue to be a significant, but passive, institutional holder of Southern Co. stock. (The Vanguard Group) — high confidence, target: 2025-12-31

FAQ

Filing Documents

• tv0125-southerncothe.htm (SC 13G/A) — 11KB
• 0001104659-24-020117.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: Southern Co/The

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: 30 Ivan Allen Jr. Boulevard NW Atlanta, GA 30308

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 842587107

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration

View Full Filing

View this SC 13G/A filing on SEC EDGAR