The Southern Company (SO)
| Market Cap | 84.80B |
| Revenue (ttm) | 25.42B |
| Net Income (ttm) | 4.24B |
| Shares Out | 1.09B |
| EPS (ttm) | 3.86 |
| PE Ratio | 20.09 |
| Forward PE | 18.12 |
| Dividend | $2.88 (3.71%) |
| Ex-Dividend Date | May 17, 2024 |
| Volume | 2,766,637 |
| Open | 77.28 |
| Previous Close | 77.00 |
| Day's Range | 77.00 - 77.84 |
| 52-Week Range | 61.56 - 80.84 |
| Beta | 0.51 |
| Analysts | Buy |
| Price Target | 75.79 (-2.27%) |
| Earnings Date | Aug 1, 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 14 analysts, the average rating for SO stock is "Buy." The 12-month stock price forecast is $75.79, which is a decrease of -2.27% from the latest price.
News
Southern Company second-quarter earnings to be released August 1
ATLANTA , July 2, 2024 /PRNewswire/ -- Southern Company plans to release its earnings for the second quarter of 2024 by 7:30 a.m. EST on Thursday, August 1, 2024.
Georgia Power Partners with U.S. Army Garrison Eisenhower for Resiliency and to Reduce Carbon Footprint
ATLANTA, July 1, 2024 /PRNewswire/ -- Georgia Power, a Southern Company subsidiary, is partnering with U.S. Army Garrison Fort Eisenhower as a part of a $72 million utility energy service contract (UE...
Failure to meet surging data center energy demand will jeopardize economic growth, utility execs warn
The U.S. is facing a massive surge in power demand from data centers and electrification of the economy. The forecast demand from data centers and electric vehicles alone through 2030 is equivalent to...
U.S. needs major nuclear power expansion to meet rising electricity demand, Southern Company CEO says
The U.S. needs to install more than 10 gigawatts of new nuclear power, said Chris Womack, the CEO of Southern Company. This is equivalent to about 10 new nuclear plants with a single reactor each.
Georgia Power expands Income-Qualified Discount to assist thousands of additional customers
Program expansion approved by the Georgia Public Service Commission now available ATLANTA , June 25, 2024 /PRNewswire/ -- Georgia Power has expanded a program previously known as the "Income-Qualifie...
Nicor Gas releases 2023 Community Impact Report, demonstrating commitment to Illinois communities
More than $5.3 million donated to over 160 nonprofits in Northern Illinois NAPERVILLE, Ill. , June 20, 2024 /PRNewswire/ -- Nicor Gas unveiled its inaugural Community Impact Report that highlights the...
NFWF Announces Record $33.5 Million in Conservation Grants to Restore Longleaf Pine Habitat and Help At-Risk Wildlife
Supporting rural communities, this largest grant slate in program history will impact more than 500,000 acres of longleaf pine habitat, increase longleaf seedling capacity, and improve wildlife popula...
Southern Company CEO expects more industry commitments for lightwater nuclear reactors in U.S. before 2030
Southern Company CEO Chris Womack expects more industry commitments to build large lightwater nuclear reactors in the United States before 2030, the executive said at a nuclear power conference on Mon...
Summer heat is here! Take steps today to save money and energy
Georgia Power offers tips, tools and resources for customers ATLANTA , June 14, 2024 /PRNewswire/ -- With temperatures rising and summer heat arriving across Georgia, Georgia Power is working to help ...
Southern Company announces official partnership with U.S. UNDERRATED Golf Tour
UNDERRATED Golf Tour will kick-off at the Old Barnwell Golf Course in Aiken, SC, June 21 - June 23 ATLANTA , June 11, 2024 /PRNewswire/ -- Southern Company has signed on as an official partner of the ...
Virginia Natural Gas fuels workforce development with $620,000 investment
Strategic contributions to forge a skilled, resilient Virginia workforce VIRGINIA BEACH, Va., June 10, 2024 /PRNewswire/ -- Virginia Natural Gas (VNG) has announced a $620,000 investment in workforce ...
NVDA, SO: Investing Trends in A.I.
Stocks fall following the latest jobs data. Kevin Mahn discusses this, as well as the market outlook in a higher-for-longer rate environment.
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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...