Legal & General Group Plc Boosts Stake in Southern Company (The)

The institutional investor now owns 8.5 million shares of the utilities provider's stock.

Mar. 10, 2026 at 11:11am

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Legal & General Group Plc, an institutional investor, increased its stake in shares of Southern Company (The) by 3.5% in the third quarter, according to a recent SEC filing. The firm now owns 8,532,530 shares of the utilities provider's stock, representing a 0.77% ownership stake.

Why it matters

This investment by Legal & General Group Plc, a major institutional investor, signals continued confidence in Southern Company's long-term prospects as a leading utilities provider in the southeastern United States.

The details

According to the SEC filing, Legal & General Group Plc acquired an additional 285,546 shares of Southern Company (The) in the third quarter, bringing its total ownership to 8,532,530 shares. This represents a 3.5% increase in the firm's stake in the utilities provider.

  • The filing covers the third quarter of the year.

The players

Legal & General Group Plc

An institutional investor and one of the largest asset managers in the world, with over $1.6 trillion in assets under management.

Southern Company (The)

An Atlanta-based energy holding company that provides electric and gas utility services and owns power generation assets across the United States.

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The takeaway

This investment by a major institutional investor underscores the continued confidence in Southern Company's position as a leading utilities provider in the southeastern U.S. market.