The Southern Company (SO)

NYSE: SO · IEX Real-Time Price · USD
79.29
+0.58 (0.74%)
At close: May 15, 2024, 4:00 PM
79.86
+0.57 (0.72%)
After-hours: May 15, 2024, 7:18 PM EDT
0.74%
Market Cap 86.70B
Revenue (ttm) 25.42B
Net Income (ttm) 4.24B
Shares Out 1.09B
EPS (ttm) 3.86
PE Ratio 20.54
Forward PE 18.56
Dividend $2.88 (3.63%)
Ex-Dividend Date May 17, 2024
Volume 4,129,061
Open 79.11
Previous Close 78.71
Day's Range 79.03 - 79.77
52-Week Range 61.56 - 79.77
Beta 0.48
Analysts Buy
Price Target 75.40 (-4.91%)
Earnings Date May 2, 2024

About SO

The Southern Company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity. The company also develops, constructs, acquires, owns, and manages power generation assets, including renewable energy projects and sells electricity in the wholesale market; and distributes natural gas in Illinois, Georgia, Virginia, and Tennessee, as well as provides gas marketing services, gas distribution operations, and gas pipeline investments operations. In addition, it owns and operates nuclear, coal, hydro, cogenera... [Read more]

Sector Utilities
CEO Christopher C. Womack
Employees 28,100
Stock Exchange NYSE
Ticker Symbol SO
Full Company Profile

Financial Performance

In 2023, SO's revenue was $25.25 billion, a decrease of -13.75% compared to the previous year's $29.28 billion. Earnings were $3.98 billion, an increase of 12.83%.

Financial Statements

Analyst Forecast

According to 15 analysts, the average rating for SO stock is "Buy." The 12-month stock price forecast is $75.4, which is a decrease of -4.91% from the latest price.

Price Target
$75.4
(-4.91% downside)
Analyst Consensus: Buy
Stock Forecasts

News

Pete Sena to succeed Stephen Kuczynski as chairman and CEO of Southern Nuclear

ATLANTA , May 13, 2024 /PRNewswire/ -- Southern Company today announced that  Peter (Pete) P Sena III, president of Southern Nuclear, has been elected by the Southern Nuclear Board of Directors to suc...

2 days ago - PRNewsWire

Southern Company announces upsize and pricing of $1.3 billion in aggregate principal amount of Series 2024A 4.50% Convertible Senior Notes due June 15, 2027

ATLANTA , May 6, 2024 /PRNewswire/ -- Southern Company (NYSE: SO) today announced the pricing of $1.3 billion in aggregate principal amount of its Series 2024A 4.50% Convertible Senior Notes due June ...

9 days ago - PRNewsWire

Southern Company announces offering of $1.1 billion in aggregate principal amount of Convertible Senior Notes due June 15, 2027

ATLANTA , May 6, 2024 /PRNewswire/ -- Southern Company (NYSE: SO) today announced an offering of $1.1 billion in aggregate principal amount of its convertible senior notes due June 15, 2027 (the "Conv...

9 days ago - PRNewsWire

AI could drive a natural gas boom as power companies face surging electricity demand

Natural gas producers are bullish on demand as they see significant upside from the immense energy needs of artificial intelligence and data centers.

Other symbols: DDUKEQTKMI
10 days ago - CNBC

Southern Company reports first-quarter 2024 earnings

ATLANTA , May 2, 2024 /PRNewswire/ -- Southern Company today reported first-quarter earnings of $1.1 billion, or $1.03 per share, in 2024 compared with earnings of $862 million, or 79 cents per share,...

13 days ago - PRNewsWire

Southern Power expands Millers Branch Solar Facility in Texas

ATLANTA , May 1, 2024 /PRNewswire/ -- Southern Power, a leading U.S. wholesale energy provider and subsidiary of Southern Company, today announced the expansion of its 29th solar project — Millers Bra...

14 days ago - PRNewsWire

Southern Power's South Cheyenne Solar Facility in Wyoming is now operational

ATLANTA , April 30, 2024 /PRNewswire/ -- Southern Power, a leading U.S. wholesale energy provider and subsidiary of Southern Company, today announced that the 150-megawatt (MW) South Cheyenne Solar Fa...

15 days ago - PRNewsWire

ALABAMA POWER ANNOUNCES ADDITIONS TO BOARD OF DIRECTORS

BIRMINGHAM, Ala. , April 29, 2024 /PRNewswire/ -- Lee Goodloe, Larry Howell and Will Wilson have been elected to the Alabama Power Board of Directors.

16 days ago - PRNewsWire

Vogtle Unit 4 enters commercial operation

Plant Vogtle now the largest generator of clean energy in U.S. ATLANTA , April 29, 2024 /PRNewswire/ -- Georgia Power declared today that Plant Vogtle Unit 4 has entered commercial operation and is no...

16 days ago - PRNewsWire

Historically Black Colleges and Universities in Georgia and Florida Join Forces with SouthStar Energy Services in Sustainability Partnership

ATLANTA , April 25, 2024 /PRNewswire/ -- SouthStar Energy Services®, a member of the Southern Company family of companies, has entered into a groundbreaking alliance with two Historically Black Colleg...

20 days ago - PRNewsWire

WeaveGrid launches electric vehicle initiatives with Southern Company subsidiaries, simplifying EV home charging in the Southeast

New program unlocks EV driver benefits and grid flexibility. SAN FRANCISCO , April 25, 2024 /PRNewswire/ -- WeaveGrid, a leading software provider whose products help enable accelerated electric vehic...

20 days ago - PRNewsWire

Southern Company increases dividend for 23rd consecutive year; annualized rate rises to $2.88 per share

ATLANTA , April 22, 2024 /PRNewswire/ -- Southern Company today announced it is increasing its dividend by 8 cents per share on an annualized basis to a rate of $2.88 per share.   This marks the 76th ...

23 days ago - PRNewsWire

Revolutionizing Sustainable Energy: Georgia Solar Companies Partner with Georgia Power to Unveil New Parking Deck Solar Array

ATLANTA--(BUSINESS WIRE)--Three Georgia-based solar companies have joined together to design, build and construct an innovative solar array atop the parking deck at Georgia Power's headquarters in Atl...

27 days ago - Business Wire

Give Old Electronics a New Life with Georgia Natural Gas and Lenox Square at Annual Earth Day Recycling Drive

ATLANTA , April 16, 2024 /PRNewswire/ -- Georgia Natural Gas, the state's leading natural gas provider, is teaming up with  Lenox Square to encourage Georgia residents and businesses to drive down was...

Other symbols: SPG
4 weeks ago - PRNewsWire

How AI fits into the future of utility stocks

The utilities sector (XLU) has remained nearly flat year-to-date when compared to the massive gains seen in other sectors in 2024, such as technology. Citi Equity Analyst Ryan Levine believes that the...

Other symbols: JXI
5 weeks ago - Yahoo Finance

Georgia Power highlights training programs and career opportunities during Lineworker Appreciation Month

Partnership with Georgia's technical colleges helping bring new professionals to field; Company expects to hire 170 lineworkers annually in coming years ATLANTA , April 4, 2024 /PRNewswire/ -- April i...

5 weeks ago - PRNewsWire

Southern Company first-quarter earnings to be released May 2

ATLANTA , April 4, 2024 /PRNewswire/ -- Southern Company plans to release its earnings for the first quarter of 2024 by 7:30 a.m. EST on Thursday, May 2, 2024.

5 weeks ago - PRNewsWire

Georgia Power strengthens reliability for customers, marks high performance in 2023

Continued investments in "smarter grid" result in fewer power outages  and quicker restoration times   ATLANTA , March 7, 2024 /PRNewswire/ -- Georgia Power continues to build the future of energy by ...

2 months ago - PRNewsWire

Vogtle Unit 4 connects to electric grid for the first time

Milestone in startup testing marks first generation of electricity from Unit 4 ATLANTA , March 1, 2024 /PRNewswire/ -- Georgia Power announced today that Unit 4 at the Vogtle nuclear expansion project...

2 months ago - PRNewsWire

Southern Company reports fourth-quarter and full-year 2023 earnings

ATLANTA , Feb. 15, 2024 /PRNewswire/ -- Southern Company today reported fourth-quarter earnings of $855 million, or 78 cents per share, in 2023 compared with a loss of $87 million, or 8 cents per shar...

3 months ago - PRNewsWire

City of Aurora, Nicor Gas Unveil New Exhibit on Smart Cities at City Hall

Exhibit spotlights new Smart Neighborhoods™ collaboration between Nicor Gas, Fox Valley Habitat for Humanity and the City of Aurora AURORA, Ill. , Feb. 14, 2024 /PRNewswire/ -- The City of Aurora and ...

3 months ago - PRNewsWire

Vogtle Unit 4 reaches initial criticality

First nuclear reaction safely initiated marks latest step prior to generation of electricity  ATLANTA , Feb. 14, 2024 /PRNewswire/ -- Georgia Power announced today that Unit 4 at the Vogtle nuclear ex...

3 months ago - PRNewsWire

Southern Company Issues Annual Moving to Equity Report for 2023

ATLANTA , Feb. 6, 2024 /PRNewswire/ -- Southern Company today publishes its latest Moving to Equity report, showing notable achievements and impactful initiatives regarding the company's strategy to f...

3 months ago - PRNewsWire

These 3 Utilities Stocks Delivering High-Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high...

Other symbols: DUKNEE
3 months ago - Benzinga

Southern Company Ranks First Among Utilities in Fortune Magazine's World's Most Admired Companies for 2024

ATLANTA , Feb. 5, 2024 /PRNewswire/ -- Southern Company ranks as the No. 1 most-admired electric and gas utility worldwide according to Fortune magazine's World's Most Admired Companies list for 2024.

3 months ago - PRNewsWire