Clark Capital Management Group Boosts Stake in Southern Company

The investment firm increased its holdings in the utility provider by 2.3% in the third quarter.

Mar. 15, 2026 at 9:51am

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Clark Capital Management Group Inc. lifted its position in shares of Southern Company (NYSE:SO) by 2.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund now owns 851,405 shares of the utilities provider's stock, worth approximately $80.7 million.

Why it matters

Southern Company is one of the largest utility providers in the United States, serving customers across the Southeast. The increase in Clark Capital's stake suggests the firm sees continued growth potential in the company's operations and stock performance.

The details

Clark Capital Management Group acquired an additional 19,319 shares of Southern Company in the third quarter, bringing its total holdings to 851,405 shares. This represents approximately 0.08% of the utility's outstanding stock. The investment firm cited Southern's stable financial performance and growth prospects as reasons for increasing its position.

  • Clark Capital Management Group disclosed its increased stake in Southern Company in a filing with the SEC on March 15, 2026.

The players

Clark Capital Management Group Inc.

An investment management firm that oversees over $25 billion in client assets.

Southern Company (NYSE:SO)

A major electric and gas utility company serving customers across the Southeastern United States.

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The takeaway

The increased stake by Clark Capital Management Group in Southern Company reflects the firm's confidence in the utility's long-term growth potential. As one of the largest players in the Southeastern U.S. energy market, Southern's stable financial performance and expansion plans continue to attract institutional investor interest.