The Southern Company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity. It operates in four segments: Gas Distribution Operations, Gas Pipeline Investments, Wholesale Gas Services, and Gas Marketing Services. The company also constructs, acquires, owns, and manages power generation assets, including renewable energy and battery energy storage 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, wholesale gas services, and gas pipeline investments operations. It owns and/or operates 30 hydroelectric generating stations, 24 fossil fuel generating stations, 3 nuclear generating stations, 13 combined cycle/cogeneration stations, 44 solar facilities, 13 wind facilities, 1 fuel cell facility, and 1 battery storage facility; and constructs, operates, and maintains 75,924 miles of natural gas pipelines and 14 storage facilities with total capacity of 157 Bcf to provide natural gas to residential, commercial, and industrial customers. The company serves approximately 8.6 million electric and gas utility customers. It also provides products and services in the areas of energy efficiency, and utility infrastructure. In addition, the company offers digital wireless communications and fiber optics services. The Southern Company was incorporated in 1945 and is headquartered in Atlanta, Georgia.
IPO Year:
Exchange: NYSE
Website: southerncompany.com
Date | Price Target | Rating | Analyst |
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9/20/2024 | $94.00 | Hold | Jefferies |
9/16/2024 | $90.00 | Outperform → Neutral | Mizuho |
8/2/2024 | Outperform → Peer Perform | Wolfe Research | |
4/4/2024 | Buy → Neutral | UBS | |
1/11/2024 | $72.00 → $77.00 | Market Perform → Outperform | BMO Capital Markets |
12/8/2023 | $82.00 | Buy | Citigroup |
11/3/2023 | $78.00 | Sector Outperform → Sector Perform | Scotiabank |
10/16/2023 | $78.00 | Sector Perform → Sector Outperform | Scotiabank |
9/13/2023 | Underperform → Neutral | BofA Securities | |
8/23/2023 | $68.00 | Equal Weight | Barclays |
ATLANTA, Nov. 22, 2024 /PRNewswire/ -- Georgia Power announced today that it has elected Virgil R. Miller to the company's board of directors, effective January 1, 2025. Miller serves as President of Aflac Incorporated and President of Aflac U.S. Aflac Incorporated is a Fortune 500 company, founded in 1955 and headquartered in Columbus, Georgia, that has helped provide financial protection and peace of mind for nearly seven decades to millions of policyholders and customers through its subsidiaries in the U.S. and Japan. In his senior leadership role with Aflac, Miller is res
ATLANTA, Nov. 21, 2024 /PRNewswire/ -- Southern Power, a leading U.S. wholesale energy provider and subsidiary of Southern Company, today announced an additional expansion of its 29th solar project — Millers Branch Solar Facility. The Phase III expansion will account for an added 132-megawatts (MW) from the previous Phase I and Phase II expansion of 200 MW and 180 MW respectively. This final development will bring the Millers Branch Solar Facility to a total generating capacity of 512 MW. "This expansion of the Millers Branch Solar Facility represents the final phase of constr
On Utility Scam Awareness Day, ComEd, Nicor Gas, Peoples Gas and North Shore Gas provide tips to identify scams used to steal money and personal information from families and businesses As the holiday season approaches, northern Illinois energy companies are joining the Better Business Bureau (BBB) of Chicago and Northern Illinois to warn customers to be on heightened alert for attempted scams, which tend to increase during this time of year. During national Utility Scam Awareness Day, ComEd, Nicor Gas, Peoples Gas and North Shore Gas are reminding families and businesses to stay vigilant to imposters who will show up at homes and businesses, then threaten to turn off utility service if
65 MW Mossy Branch Battery Facility adds resiliency to Georgia's electric grid; Company leadership and elected officials tour site in Talbot County on Thursday ATLANTA, Nov. 8, 2024 /PRNewswire/ -- Georgia Power leaders joined elected officials from the Georgia Public Service Commission (PSC), Georgia legislature, and Talbot and Muscogee counties on Thursday to mark commercial operation of the company's first "grid-connected" battery energy storage system (BESS). The Mossy Branch Battery Facility is capable of 65 megawatts (MW) of battery storage that can be deployed back to the grid over a four-hour period, adding resiliency to the state's power grid and helping ensure reliable energy for a
McIntyre to lead Engineering and Operations team ATLANTA, Nov. 4, 2024 /PRNewswire/ -- Southern Linc, a subsidiary of Southern Company (NYSE:SO), has announced that Alan McIntyre has been named the Vice President of Engineering and Operations by the Southern Linc Board of Directors. He will lead a team that is known for providing highly reliable, highly resilient wireless voice and data services for Southern Company systems and users and for local and state government customers. With 30 years of experience in wireless telecommunications, McIntyre brings significant expertise
ATLANTA, Oct. 31, 2024 /PRNewswire/ -- Southern Company today reported third-quarter earnings of $1.5 billion, or $1.40 per share, in 2024 compared with earnings of $1.4 billion, or $1.30 per share, in the third quarter of 2023. For the nine months ended September 30, 2024, Southern Company reported earnings of $3.9 billion, or $3.53 per share, compared with $3.1 billion, or $2.86 per share, for the same period in 2023. Excluding the items described under "Net Income – Excluding Items" in the table below, Southern Company earned $1.6 billion, or $1.43 per share, during the thi
ATLANTA, Oct. 24, 2024 /PRNewswire/ -- Southern Company Gas today announced that Myra Bierria has been named senior vice president and chief administrative officer, effective Oct. 26. A member of the company's Management Council, Bierria will report directly to Chairman, President and Chief Executive Officer James Y. (Jim) Kerr II and serve as Kerr's chief of staff, with responsibility for the Corporate Communications, Corporate Impact and Facilities organizations. "We are excited to have Myra return to our Southern Company Gas family," said Kerr. "Her depth of experience from
ATLANTA, Oct. 23, 2024 /PRNewswire/ -- Southern Company today announced the retirement of Martin B. Davis as executive vice president and chief information officer, effective April 1, 2025. "Martin has served this company with the utmost distinction," said chairman, president and CEO Chris Womack. "His leadership fostered greater advancement and alignment of the information technology and operations technology functions and delivered increased value to our company and customers. On behalf of the entire enterprise, we extend our great appreciation for all that Martin has done t
Funding focused on innovative approaches to expanding transmission capacity and adding resiliency as company works to meet the energy needs of a growing Georgia ATLANTA, Oct. 21, 2024 /PRNewswire/ -- Georgia Power, the state's largest electric utility serving 2.7 million customers, has been awarded more than $160 million in funding by the Department of Energy (DOE) through its Grid Deployment Office. As Georgia continues to grow, the company is ensuring that customers have access to clean, safe, reliable, and affordable power, and actively pursued the funding available under the Grid Resilience and Innovation Partnerships (GRIP) Program established by the Bipartisan Infrastructure Law to hel
ATLANTA, Oct. 15, 2024 /PRNewswire/ -- Southern Company today announced a regular quarterly dividend of 72 cents per share on the company's common stock, payable December 6, 2024, to shareholders of record as of November 18, 2024. Every quarter for 77 consecutive years, Southern Company has paid a dividend to its shareholders that is equal to or greater than the previous quarter. About Southern Company Southern Company (NYSE:SO) is a leading energy provider serving 9 million customers across the Southeast and beyond through its family of companies. Providing clean, safe, relia
Jefferies initiated coverage of Southern with a rating of Hold and set a new price target of $94.00
Mizuho downgraded Southern from Outperform to Neutral and set a new price target of $90.00
Wolfe Research downgraded Southern from Outperform to Peer Perform
UBS downgraded Southern from Buy to Neutral
BMO Capital Markets upgraded Southern from Market Perform to Outperform and set a new price target of $77.00 from $72.00 previously
Citigroup initiated coverage of Southern with a rating of Buy and set a new price target of $82.00
Scotiabank downgraded Southern from Sector Outperform to Sector Perform and set a new price target of $78.00
Scotiabank upgraded Southern from Sector Perform to Sector Outperform and set a new price target of $78.00
BofA Securities upgraded Southern from Underperform to Neutral
Barclays initiated coverage of Southern with a rating of Equal Weight and set a new price target of $68.00
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ATLANTA, Oct. 15, 2024 /PRNewswire/ -- Southern Company today announced a regular quarterly dividend of 72 cents per share on the company's common stock, payable December 6, 2024, to shareholders of record as of November 18, 2024. Every quarter for 77 consecutive years, Southern Company has paid a dividend to its shareholders that is equal to or greater than the previous quarter. About Southern Company Southern Company (NYSE:SO) is a leading energy provider serving 9 million customers across the Southeast and beyond through its family of companies. Providing clean, safe, relia
ATLANTA, Oct. 4, 2024 /PRNewswire/ -- Southern Company plans to release its earnings for the third quarter of 2024 by 7:30 a.m. ET on Thursday, October 31, 2024. Southern Company Chairman of the Board, President and Chief Executive Officer Christopher C. Womack and Chief Financial Officer Daniel S. Tucker will discuss earnings during a conference call for financial analysts at 1 p.m. ET on Thursday, October 31. Investors, media and the public may listen to a live webcast of the conference call at https://investor.southerncompany.com/events-and-presentations/default.aspx by cli
SAN FRANCISCO, Aug. 20, 2024 (GLOBE NEWSWIRE) -- Southern Company: 23 Consecutive Years of Dividend Increases Southern Company (NYSE:SO) is an energy company providing electric and gas service to nine million customers across the United States. Click to view the SO Fact Sheet Click to view the SO Investor Presentation Advisor Access spoke with Southern Company's chairman, president and CEO, Chris Womack, about the company's business model, culture and plans for future growth. Advisor Access: For readers unfamiliar with Southern Company, would you share an overview of the company? Chris Womack: Southern Company is one of the largest utility holding companies in the United States. We
ATLANTA, July 15, 2024 /PRNewswire/ -- Southern Company today announced a regular quarterly dividend of 72 cents per share on the company's common stock, payable September 6, 2024, to shareholders of record as of August 19, 2024. Every quarter for 76 consecutive years, Southern Company has paid a dividend to its shareholders that is equal to or greater than the previous quarter. About Southern CompanySouthern Company (NYSE:SO) is a leading energy provider serving 9 million customers across the Southeast and beyond through its family of companies. Providing clean, safe, reliabl
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. Southern Company Chairman, President and Chief Executive Officer Christopher C. Womack and Chief Financial Officer Daniel S. Tucker will discuss earnings during a conference call for financial analysts at 1 p.m. EST on Thursday, August 1. Investors, media and the public may listen to a live webcast of the conference call at https://investor.southerncompany.com/events-and-presentations/default.aspx by clicking on the a
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 consecutive year that Southern Company has paid a dividend on its common stock that is equal to or greater than the previous quarter. Additionally, this is the 23rd consecutive year the company has raised its dividend. Southern Company also announced a regular quarterly dividend – including an increase of 2 cents per share over the prior quarter – of 72 cents per share, payable Jun
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. Chairman, president and CEO Christopher C. Womack and CFO Daniel S. Tucker will discuss earnings during a conference call for financial analysts at 1 p.m. EST on Thursday, May 2. Investors, media and the public may listen to a live webcast of the conference call at https://investor.southerncompany.com/events-and-presentations/default.aspx by clicking on the appropriate audio link. A replay of the webcast will be availabl
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 share, in the fourth quarter of 2022. Southern Company also reported full-year 2023 earnings of $4.0 billion, or $3.64 per share, compared with $3.5 billion, or $3.28 per share, in 2022. Excluding the items described under "Net Income – Excluding Items" in the table below, Southern Company earned $700 million, or 64 cents per share, during the fourth quarter of 2023, compared with $285
ATLANTA, Jan. 18, 2024 /PRNewswire/ -- Southern Company today announced a regular quarterly dividend of 70 cents per share on the company's common stock, payable March 6, 2024 to shareholders of record as of February 20, 2024. Every quarter for more than 75 consecutive years, Southern Company has paid a dividend to its shareholders that is equal to or greater than the previous quarter. About Southern CompanySouthern Company (NYSE:SO) is a leading energy provider serving 9 million customers across the Southeast and beyond through its family of companies. Providing clean, safe,
ATLANTA, Jan. 10, 2024 /PRNewswire/ -- Southern Company plans to release its earnings for the fourth quarter of 2023 by 7:30 a.m. EST on Thursday, February 15, 2024. Chairman, president and CEO Christopher C. Womack and CFO Daniel S. Tucker will discuss earnings during a conference call for financial analysts at 1 p.m. EST on Thursday, February 15. Investors, media and the public may listen to a live webcast of the conference call at https://investor.southerncompany.com/events-and-presentations/default.aspx by clicking on the appropriate audio link. A replay of the webcast wil
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Southern's (NYSE:SO) short percent of float has risen 16.49% since its last report. The company recently reported that it has 23.88 million shares sold short, which is 2.19% of all regular shares that are available for trading. Based on its trading volume, it would take traders 6.09 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is im
Barclays analyst Nicholas Campanella maintains Southern (NYSE:SO) with a Equal-Weight and raises the price target from $66 to $71.
Morgan Stanley analyst Stephen Byrd maintains Southern (NYSE:SO) with a Equal-Weight and lowers the price target from $74 to $71.
High-rolling investors have positioned themselves bearish on Southern (NYSE:SO), and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in SO often signals that someone has privileged information. Today, Benzinga's options scanner spotted 10 options trades for Southern. This is not a typical pattern. The sentiment among these major traders is split, with 20% bullish and 50% bearish. Among all the options we identified, there was one put, amounting to $31,080, and 9 calls, totaling $561,860. Predicted Price Range B
B of A Securities analyst Julien Dumoulin-Smith maintains Southern (NYSE:SO) with a Neutral and raises the price target from $73 to $79.
Morgan Stanley analyst Stephen Byrd maintains Southern (NYSE:SO) with a Equal-Weight and raises the price target from $67 to $74.
Congresswoman Marjorie Taylor Greene (R-Ga.), who resumed stock transactions after a two-year hiatus earlier this month, has added more shared to her portfolio, disclosures made on Tuesday showed. What Happened: Green disclosed a series of transactions involving stocks, and T-bills, and all were purchases made between Monday and Tuesday. Securities bought by the representative and the value of the purchases are as follows: CompanyValue RangeAdvanced Micro Devices, Inc. (NASDAQ:AMD)$1,001-$15,000Apple, Inc. (NASDAQ:AAPL)$1,001-$15,000Caterpillar, Inc. (NYSE:CAT)$1,001-$15,000Charles Schwab Corporation (NYSE:SCHW)$1,001-$15,000Kinder Morgan, Inc. (NYSE:KMI)$1,001-$15,000Southern Comp
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 dividend payout. Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy. Below are the ratings of the most accurate analysts for three high-yielding stocks in the utilities sector. Essential Utilities, Inc. (NYSE:WTRG) Dividend Yield: 3.12% Baird analyst Ben Kallo maintained an Outperform rating and cut the pr
Argus Research analyst Marie Ferguson maintains Southern (NYSE:SO) with a Buy and raises the price target from $75 to $90.
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 succeed Stephen Kuczynski as chairman and CEO of Southern Nuclear following Kuczynski's retirement, effective June 28, 2024.
John W. Rogers Jr., Chairman and co-CEO of Ariel Investments, LLC, to join the EOC Management Committee as Chair, plus Edison International, Exelon Corporation, and Southern Company join Xcel Energy, Micron, and Air Products to help expand U.S. procurement and supply chain opportunities for small and historically underutilized businesses NEW YORK, July 18, 2024 /PRNewswire/ -- The Rockefeller Foundation announced today that John W. Rogers Jr., Chairman and co-CEO of Ariel Investments, LLC, has joined the Economic Opportunity Coalition's (EOC) Management Committee as Chair. In addition, the EOC is an innovative initiative that has received new procurement commitments from Edison International
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 is designated nationally as Lineworker Appreciation Month – a time to recognize and celebrate the thousands of lineworkers who work around the clock to keep the lights on for electric customers. This month, Georgia Power is highlighting the successful, forward-thinking collaboration between the company and Georgia's technical colleges to recruit, train and employ the next generation of this critical workforce. For more than a century, Georgia Power has provided high-qu
VIRGINIA BEACH, Va., Dec. 20, 2023 /PRNewswire/ -- The Virginia Natural Gas Foundation has awarded a $60,000 grant to support the Children's Health Investment Program (CHIP) of South Hampton Roads' initiative to improve the health and well-being of children and families in southeastern Virginia. The grant will allow CHIP officials to begin construction of a community kitchen that will seek to address food insecurity, as well as provide educational programs centering on affordable, healthy meals and healthy cooking demonstrations that honor diverse culinary cuisines and traditions.
Georgia Natural Gas employee combines passion for learning with serving Georgia's education community ATLANTA, Sept. 6, 2023 /PRNewswire/ -- Communities In Schools of Georgia has appointed Georgia Natural Gas Data Compliance Manager Rashidah Hasan to the nonprofit's board of directors. With more than 15 years of experience in data compliance and project management, Hasan will lend expertise to CISGA in its mission to empower students to stay in school and achieve in life. "Rashidah's incredible depth of experience and commitment to our mission are invaluable to CISGA. As we em
ATLANTA, Aug. 23, 2021 /PRNewswire/ -- Southern Company today announced that Andrew W. Evans, executive vice president and Chief Financial Officer, announced his plans to retire. Mr. Evans will step down as executive vice president and CFO effective Sept. 1, 2021. He intends to remain employed as a senior advisor to the CEO until his retirement on Dec. 31, 2021. Additionally, he will be joining the Board of Directors of Georgia Power, a Southern Company subsidiary, upon his retirement. Daniel S. Tucker, currently executive vice president, CFO and Treasurer of Georgia Power, will succeed Evans as executive vice president and CFO of Southern Company, effective Sept. 1, 2021.
ATLANTA, Aug. 12, 2021 /PRNewswire/ -- Southern Company, via its technology incubator, has closed a deal to spinout Cloverly, the leading Application Programming Interface (API) for carbon offsetting. Cloverly announced the closing of the successful $2.1 million seed round in June and Southern Company retains a minority ownership stake in the company. The funding round was led by Tech Square Ventures with the SB Opportunity Fund (SoftBank) as well as Circadian Ventures, Knoll Ventures, Panoramic Ventures, and SaaS Ventures participating as other major investors. The deal is f
BIRMINGHAM, Ala., Jan. 13, 2021 /PRNewswire/ -- The board of directors of Alabama Power Company has declared the regular quarterly dividends on the company's outstanding preferred stock as follows: Preferred Stock ($100 Par Value) 4.20% - $1.05 per share 4.52% - $1.13 per share 4.60% - $1.15 per share 4.64% - $1.16 per share 4.72% - $1.18 per share 4.92% - $1.23 per share Class A Preferred Stock ($25 Capital Value) 5.00% - $.3125 per share These dividends are for the quarter ending March 31, 2021, payable April 1, 2021, to shareholders of record on March 17, 2021. Alabama Power, a subsidiary of Atlanta-based Southern Company (NYSE:SO), provide
ATLANTA, Dec. 2, 2020 /PRNewswire/ -- Georgia Power's Board of Directors has elected Dan Tucker as executive vice president, chief financial officer and treasurer for Georgia Power, effective January 1, 2021. In his new role, Tucker will be responsible for overseeing the company's accounting and financial functions. He currently serves as executive vice president and chief financial officer at Southern Company Gas where he oversees finance, accounting, business planning and risk management functions for all Southern Company Gas businesses. Dan Tucker elected executive vice president, chief financial officer and treasurer for Georgia Power, effective January 1, 2021