The Southern Company (SO)
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]
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 StatementsAnalyst 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.
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...
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 ...
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...
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.
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,...
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...
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...
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.
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...
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...
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...
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 ...
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...
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...
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...
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...
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.
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 ...
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...
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...
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 ...
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...
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...
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...
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.