Southern (SO)
Market Price (12/27/2025): $86.88 | Market Cap: $95.7 BilSector: Utilities | Industry: Electric Utilities
Southern (SO)
Market Price (12/27/2025): $86.88Market Cap: $95.7 BilSector: UtilitiesIndustry: Electric Utilities
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.8%, Dividend Yield is 3.1%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.6% | Weak multi-year price returns2Y Excs Rtn is -9.9%, 3Y Excs Rtn is -40% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 73% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 32%, CFO LTM is 9.4 Bil | Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -6.3% | |
| Low stock price volatilityVol 12M is 18% | Key risksSO key risks include [1] a significant debt burden and execution risk on large-scale construction projects, Show more. | |
| Megatrend and thematic driversMegatrends include Renewable Energy Transition, Smart Grids & Grid Modernization, Electrification of Everything, Energy Transition & Decarbonization, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.8%, Dividend Yield is 3.1%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.6% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 32%, CFO LTM is 9.4 Bil |
| Low stock price volatilityVol 12M is 18% |
| Megatrend and thematic driversMegatrends include Renewable Energy Transition, Smart Grids & Grid Modernization, Electrification of Everything, Energy Transition & Decarbonization, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -9.9%, 3Y Excs Rtn is -40% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 73% |
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -6.3% |
| Key risksSO key risks include [1] a significant debt burden and execution risk on large-scale construction projects, Show more. |
Why The Stock Moved
Qualitative Assessment
AI Analysis | Feedback
<b>1. Multiple Analyst Downgrades and Price Target Reductions:</b> Several analyst firms revised their ratings and significantly lowered their price targets for Southern Company (SO) stock during December 2025. This included UBS reducing its target from $98 to $94 on December 17, Morgan Stanley downgrading the stock from 'Equal Weight' to 'Underweight' and lowering its target from $97 to $81 on December 16, and JP Morgan trimming its target from $104 to $93 on December 15. Keybanc also maintained a 'Sell' rating and reduced its price target from $87 to $76 on December 12.
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<b>2. Heightened Regulatory and Political Risk Concerns:</b> Analysts, particularly Morgan Stanley, cited increased regulatory and political risks for the utilities sector in their 2026 outlook. With 2026 being an election year, these concerns contributed to a more cautious investor sentiment towards Southern Company.
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<b>3. Mild Negative Reaction to Equity Unit Offering:</b> Southern Company's pricing of 35 million 2025 Series A Equity Units at $1.75 billion in early November 2025, which included a contract to purchase common stock in the future, resulted in a mild negative market reaction. This was likely due to the potential for future share dilution and the associated annual distribution obligations of 7.125%.
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<b>4. Comparatively Lower Dividend Growth Rate:</b> Analysis highlighted that Southern Company's dividend growth rate, approximately 2.5%, was significantly below the industry average of about 5.5%. Additionally, its midpoint yield was noted as being lower than the average yield within its coverage, potentially impacting its attractiveness to income-focused investors.
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<b>5. Shifting Market Sentiment Away from Utilities:</b> Some analysts noted a broader shift in market focus, with recommendations to avoid certain utility stocks in favor of sectors perceived to offer higher returns, such as AI. This general rotation of capital could have exerted downward pressure on SO's stock.
Show moreStock Movement Drivers
Fundamental Drivers
The -7.0% change in SO stock from 9/26/2025 to 12/26/2025 was primarily driven by a -10.6% change in the company's P/E Multiple.| 9262025 | 12262025 | Change | |
|---|---|---|---|
| Stock Price ($) | 93.76 | 87.17 | -7.03% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 28363.00 | 28912.00 | 1.94% |
| Net Income Margin (%) | 15.10% | 15.42% | 2.13% |
| P/E Multiple | 24.10 | 21.54 | -10.62% |
| Shares Outstanding (Mil) | 1101.00 | 1102.00 | -0.09% |
| Cumulative Contribution | -7.03% |
Market Drivers
9/26/2025 to 12/26/2025| Return | Correlation | |
|---|---|---|
| SO | -7.0% | |
| Market (SPY) | 4.3% | -20.7% |
| Sector (XLU) | -1.4% | 55.7% |
Fundamental Drivers
The -2.5% change in SO stock from 6/27/2025 to 12/26/2025 was primarily driven by a -6.7% change in the company's Net Income Margin (%).| 6272025 | 12262025 | Change | |
|---|---|---|---|
| Stock Price ($) | 89.45 | 87.17 | -2.55% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 27853.00 | 28912.00 | 3.80% |
| Net Income Margin (%) | 16.54% | 15.42% | -6.74% |
| P/E Multiple | 21.36 | 21.54 | 0.85% |
| Shares Outstanding (Mil) | 1100.00 | 1102.00 | -0.18% |
| Cumulative Contribution | -2.55% |
Market Drivers
6/27/2025 to 12/26/2025| Return | Correlation | |
|---|---|---|
| SO | -2.5% | |
| Market (SPY) | 12.6% | -11.0% |
| Sector (XLU) | 5.9% | 64.2% |
Fundamental Drivers
The 8.7% change in SO stock from 12/26/2024 to 12/26/2025 was primarily driven by a 15.7% change in the company's P/E Multiple.| 12262024 | 12262025 | Change | |
|---|---|---|---|
| Stock Price ($) | 80.16 | 87.17 | 8.75% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 26428.00 | 28912.00 | 9.40% |
| Net Income Margin (%) | 17.87% | 15.42% | -13.68% |
| P/E Multiple | 18.62 | 21.54 | 15.69% |
| Shares Outstanding (Mil) | 1097.00 | 1102.00 | -0.46% |
| Cumulative Contribution | 8.75% |
Market Drivers
12/26/2024 to 12/26/2025| Return | Correlation | |
|---|---|---|
| SO | 8.7% | |
| Market (SPY) | 15.8% | 2.4% |
| Sector (XLU) | 14.5% | 62.9% |
Fundamental Drivers
The 36.0% change in SO stock from 12/27/2022 to 12/26/2025 was primarily driven by a 26.6% change in the company's Net Income Margin (%).| 12272022 | 12262025 | Change | |
|---|---|---|---|
| Stock Price ($) | 64.12 | 87.17 | 35.96% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 27999.00 | 28912.00 | 3.26% |
| Net Income Margin (%) | 12.18% | 15.42% | 26.60% |
| P/E Multiple | 20.34 | 21.54 | 5.92% |
| Shares Outstanding (Mil) | 1082.00 | 1102.00 | -1.85% |
| Cumulative Contribution | 35.91% |
Market Drivers
12/27/2023 to 12/26/2025| Return | Correlation | |
|---|---|---|
| SO | 36.0% | |
| Market (SPY) | 48.0% | 0.8% |
| Sector (XLU) | 43.1% | 70.6% |
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| SO Return | 1% | 16% | 8% | 2% | 23% | 9% | 74% |
| Peers Return | 16% | 38% | -12% | 21% | 26% | 16% | 150% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 18% | 114% |
Monthly Win Rates [3] | |||||||
| SO Win Rate | 67% | 50% | 67% | 50% | 58% | 50% | |
| Peers Win Rate | 52% | 65% | 42% | 68% | 57% | 52% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 73% | |
Max Drawdowns [4] | |||||||
| SO Max Drawdown | -32% | -7% | -8% | -12% | -5% | -2% | |
| Peers Max Drawdown | -34% | -5% | -26% | -7% | -9% | -23% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL. See SO Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/26/2025 (YTD)
How Low Can It Go
| Event | SO | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -23.3% | -25.4% |
| % Gain to Breakeven | 30.3% | 34.1% |
| Time to Breakeven | 600 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -39.0% | -33.9% |
| % Gain to Breakeven | 63.9% | 51.3% |
| Time to Breakeven | 732 days | 148 days |
| 2018 Correction | ||
| % Loss | -18.6% | -19.8% |
| % Gain to Breakeven | 22.9% | 24.7% |
| Time to Breakeven | 457 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -32.1% | -56.8% |
| % Gain to Breakeven | 47.3% | 131.3% |
| Time to Breakeven | 783 days | 1,480 days |
Compare to HPQ, HPE, IBM, CSCO, AAPL
In The Past
Southern's stock fell -23.3% during the 2022 Inflation Shock from a high on 8/19/2022. A -23.3% loss requires a 30.3% gain to breakeven.
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AI Analysis | Feedback
It's like AT&T but for electricity and natural gas in the Southeastern U.S.
Think of it as the Verizon of power, owning the infrastructure to deliver essential energy to homes and businesses.
Imagine Waste Management if it built power plants and electric grids instead of collecting trash, serving millions of customers.
AI Analysis | Feedback
Here are the major services provided by Southern Company (SO):- Electric Utility Services: Southern Company generates, transmits, and distributes electricity to retail and wholesale customers across the southeastern United States.
- Natural Gas Distribution: The company distributes natural gas to residential, commercial, and industrial customers primarily in Georgia, Illinois, and Virginia.
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Southern Company (SO)
Major Customers
Southern Company, through its various operating subsidiaries such as Georgia Power, Alabama Power, Mississippi Power, and Southern Company Gas, primarily sells electricity and natural gas directly to a diverse base of end-users across its service territories. As a utility company, its customer base is broad and segmented rather than consisting of a few major corporate clients. Therefore, its customers are best described by the following categories:
- Residential Customers: This category includes individual households and families that use electricity and natural gas for their homes. These customers represent the largest segment by customer count for Southern Company's utility operations.
- Commercial Customers: This category encompasses a wide range of businesses, institutions, and government entities. Examples include retail stores, office buildings, restaurants, schools, hospitals, and other small to medium-sized enterprises that utilize utility services for their operational needs.
- Industrial Customers: This category includes large manufacturing facilities, heavy industries, and other large-scale enterprises that have significant energy demands for their production processes and operations. These customers often account for a substantial portion of a utility's energy sales due to their high consumption.
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Chris Womack, Chairman of the Board, President and Chief Executive Officer
Chris Womack became Chairman of the Board, President, and Chief Executive Officer of Southern Company in March 2023. He has been with Southern Company since 1988, holding various senior executive roles across the company and its subsidiaries. Prior to his current role, Womack served as chairman, president, and CEO of Georgia Power, Southern Company's largest subsidiary. He also held positions as executive vice president and president of external affairs for Southern Company. Before joining Southern Company, Womack worked on Capitol Hill for the U.S. House of Representatives. There is no information available indicating that he founded or managed other companies outside the Southern Company system, sold companies he was previously involved with, or has a pattern of managing private equity-backed companies.
David Poroch, Executive Vice President and Chief Financial Officer
David Poroch will assume the role of Executive Vice President and Chief Financial Officer of Southern Company on July 31, 2025. Currently, he serves as Senior Vice President, Comptroller, and Chief Accounting Officer of Southern Company. Before joining Southern Company, Poroch was a partner at Deloitte & Touche LLP, where he accumulated nearly two decades of experience in the utilities sector. He has held various financial and regulatory leadership positions across Southern Company's operating companies. There is no information available indicating that he founded or managed other companies, sold companies he was previously involved with, or has a pattern of managing private equity-backed companies.
Bryan Anderson, Executive Vice President and President of External Affairs
Bryan Anderson serves as the Executive Vice President and President of External Affairs for Southern Company. He joined the company in 2010. Prior to this role, he was the Senior Vice President of Governmental Affairs at Southern Company, a position he held since November 2014.
Stan W. Connally, Jr., Executive Vice President and Chief Operating Officer
Stan W. Connally, Jr. is the Executive Vice President and Chief Operating Officer of Southern Company. He began his career with the company in 1989 as a co-op student at Georgia Power. He has held his current position since July 2012. Connally previously served as senior vice president and senior production officer for Georgia Power and was a plant manager at several facilities.
Sterling Spainhour, Executive Vice President and Chief Legal Officer
Sterling Spainhour holds the position of Executive Vice President and Chief Legal Officer at Southern Company. No further background information was found in the search results for this individual regarding past companies founded, managed, sold, or private equity involvement.
AI Analysis | Feedback
Southern Company (SO) faces several key risks inherent to the utility industry and its specific operational and regulatory environment.
- Regulatory Risks: Southern Company operates in a highly regulated industry, making it susceptible to changes in federal, state, and local regulations, including those related to environmental standards, taxation, and rate-setting. Political shifts and regulatory decisions, particularly concerning acceptable profit margins or efforts to manage customer bills, could lead to less predictable outcomes and negatively impact the company's financial performance. For instance, recent concerns have been raised about potential changes in the Georgia Public Service Commission following upcoming elections, which could influence regulatory predictability.
- High Debt Burden and Capital Expenditure/Construction Risks: The company carries a significant debt burden with associated interest payments. It also undertakes large construction projects, which inherently carry risks of budget overruns, delays, and impacts on free cash flow. Historically, projects like the Vogtle nuclear plant have experienced significant construction delays and increased costs. Southern Company's ambitious capital investment plan, focused on expanding capacity and modernizing the grid, particularly to meet demand from data centers, also presents execution risks, including potential cost overruns and delays that could jeopardize projected load growth.
- Environmental Compliance and Climate Change Risks: Southern Company faces substantial costs related to complying with environmental laws and regulations concerning air, water, and waste. Future environmental regulations, especially those targeting greenhouse gas (GHG) emissions and climate change, could further increase these costs. Achieving net-zero GHG emissions goals by 2050 depends on factors beyond the company's control, such as technological advancements and further regulatory changes.
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The increasing adoption of distributed energy resources (DERs) such as rooftop solar and battery storage by customers poses an emerging threat to Southern Company's traditional utility business model. As these technologies become more affordable and prevalent, customers can generate their own electricity and reduce reliance on the centralized grid, potentially leading to decreased sales volumes and challenges to the utility's long-standing revenue streams and infrastructure investments.
AI Analysis | Feedback
Southern Company (symbol: SO) primarily operates in the electricity and natural gas distribution markets in the United States.
Electricity Market
The addressable market for electricity in the U.S. was valued at approximately USD 363.6 billion in 2024. This market is projected to grow to USD 517 billion by 2032, demonstrating a compound annual growth rate (CAGR) of 4.5% between 2026 and 2032. Another estimate places the U.S. power market at USD 363.74 billion in 2024, expecting it to reach USD 543.35 billion by 2033, with a CAGR of 4.56% from 2025 to 2033. The U.S. electricity sector generated $491 billion in revenue in 2023.
Natural Gas Distribution Market
The U.S. addressable market for natural gas distribution was valued at approximately USD 170.0 billion in 2024. It is anticipated to grow to USD 186.0 billion by 2032, with a CAGR of 1.0% from 2025 to 2032. Other data indicates the U.S. natural gas distribution market was valued at $174.7 billion in 2024 and is expected to reach $222.5 billion in 2025. Another report estimates the natural gas distribution market size in the U.S. at USD 219.94 billion in 2024, with a projection to reach USD 318.45 billion by 2032, growing at a CAGR of 4.74% during 2026-2032.
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Southern Company (SO) is expected to drive future revenue growth over the next 2-3 years through a combination of increased customer demand, strategic infrastructure investments, and favorable regulatory environments. Here are the key drivers:
- Customer Growth and Increased Electricity Sales: Southern Company is experiencing growth in its customer base across both residential and commercial sectors. The company added approximately 12,000 new electric customers in Q3 2025, contributing to higher usage. Retail electricity sales are robust, with year-to-date weather-normal retail electricity sales up 1.8% compared to the first three quarters of 2024. This growth is observed across all three customer classes.
- Surging Industrial and Commercial Demand, particularly from Data Centers: A significant driver of increased electricity usage comes from strong industrial demand and a notable rise in commercial sales. Data center power usage, in particular, was up 17% year-over-year in Q3 2025. The company has signed contracts with large load customers representing 7 gigawatts through 2029, ramping to 8 gigawatts into the 2030s, and a total pipeline of potential incremental load is over 50 gigawatts by the mid-2030s across its electric subsidiaries.
- Strategic Capital Investments in Infrastructure and New Generation Resources: Southern Company has a substantial capital investment plan, which has been expanded to $76 billion through 2029 (from an earlier $63 billion). These investments are primarily directed towards state-regulated utilities (95% of the plan) and include significant upgrades to the transmission system, new generation resources (such as the completion of Vogtle Unit 4), and renewable energy projects. These infrastructure commitments are expected to drive long-term regulated earnings growth.
- Constructive Regulatory Relationships and Rate Adjustments: The company's ability to achieve consistent revenue growth is supported by its robust regulatory relationships and the potential for favorable regulatory outcomes. Higher utility revenues, partially influenced by rate changes, were identified as an adjusted earnings driver in Q1 2025. This suggests that regulated rate adjustments will continue to contribute to revenue growth.
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Share Repurchases
- Southern Company repurchased approximately $1.153 billion of convertible notes, including $674.4 million of Series 2023A and $342.0 million of Series 2024A, using proceeds from an equity units offering announced in November 2025.
- In 2024, the company repurchased $2,222 million of long-term debt and $1,020 million of short-term borrowings.
Share Issuance
- In November 2025, Southern Company announced a public offering to sell 35 million equity units at $50 per unit, aiming for an aggregate of $1.75 billion, with an option for underwriters to purchase an additional 5 million units ($250 million).
- Southern Company plans to address a $4 billion equity need through 2029, which includes $1.2 billion from hybrid securities, $1 billion from at-the-market (ATM) equity sales, and $1.8 billion from internal equity generation.
- The company's increased 5-year capital plan is projected to be funded with approximately 40% additional equity or equity equivalents, representing an incremental $5 billion through 2029, with $1.2 billion already secured via ATM programs.
Outbound Investments
- Southern Power completed or is in the process of adding new wind facilities and five battery storage projects.
- The company acquired or partnered with other entities for over 100 MW of energy storage and Bloom Energy Servers.
- Southern Power sold its remaining equity method investments in wind projects, receiving proceeds of $50 million in 2023 and $38 million in 2022.
Capital Expenditures
- Southern Company's capital expenditures averaged $8.216 billion from fiscal years ending December 2020 to 2024, with a median of $7.923 billion. In 2024, property additions totaled $8,955 million, and expected capital expenditures for 2025 are $14.8 billion.
- The company has significantly increased its capital expenditure plans, with a five-year program updated to $48 billion for 2024-2028, later surging to $76 billion for 2025-2029, representing a $13 billion increase from prior projections.
- The primary focus of these capital expenditures is on state-regulated generation and modernization projects (approximately $12 billion of the increase through 2029), including investments in new generation facilities (such as nuclear, renewable energy, and natural gas), environmental compliance, and the expansion and improvement of transmission and distribution infrastructure. Vogtle Unit 3 entered commercial operation in July 2023, and Unit 4 is expected to commence operations in the second quarter of 2024.
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| Southern (SO) Operating Income Comparison | Financials | |
| Southern (SO) Revenue Comparison | Financials |
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Trade Ideas
Select ideas related to SO. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11212025 | PEG | Public Service Enterprise | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -0.3% | -0.3% | -2.4% |
| 09262025 | PCG | PG&E | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 5.5% | 5.5% | -0.8% |
| 09052025 | AES | AES | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 10.2% | 10.2% | -3.2% |
| 09302022 | SO | Southern | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and UpsideBuying quality stocks with strong momentum but still having room to run | 4.5% | -0.9% | -9.6% |
| 02292020 | SO | Southern | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and UpsideBuying quality stocks with strong momentum but still having room to run | -11.1% | -1.8% | -28.4% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for Southern
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 82.66 |
| Mkt Cap | 190.5 |
| Rev LTM | 56,496 |
| Op Inc LTM | 9,485 |
| FCF LTM | 7,327 |
| FCF 3Y Avg | 7,366 |
| CFO LTM | 11,430 |
| CFO 3Y Avg | 11,054 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 7.4% |
| Rev Chg 3Y Avg | 2.2% |
| Rev Chg Q | 8.3% |
| QoQ Delta Rev Chg LTM | 2.0% |
| Op Mgn LTM | 20.1% |
| Op Mgn 3Y Avg | 20.0% |
| QoQ Delta Op Mgn LTM | 0.2% |
| CFO/Rev LTM | 22.2% |
| CFO/Rev 3Y Avg | 23.8% |
| FCF/Rev LTM | 11.6% |
| FCF/Rev 3Y Avg | 12.1% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 190.5 |
| P/S | 3.8 |
| P/EBIT | 21.2 |
| P/E | 33.0 |
| P/CFO | 16.2 |
| Total Yield | 5.2% |
| Dividend Yield | 2.1% |
| FCF Yield 3Y Avg | 5.7% |
| D/E | 0.4 |
| Net D/E | 0.3 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -0.4% |
| 3M Rtn | 4.9% |
| 6M Rtn | 10.9% |
| 12M Rtn | 11.5% |
| 3Y Rtn | 73.6% |
| 1M Excs Rtn | -3.0% |
| 3M Excs Rtn | 0.6% |
| 6M Excs Rtn | -1.3% |
| 12M Excs Rtn | -4.1% |
| 3Y Excs Rtn | -6.2% |
Comparison Analyses
Segment Financials
Assets by Segment| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Traditional Electric Operating Companies | 100,429 | 95,861 | 89,051 | 85,486 | 81,063 |
| Southern Company Gas | 25,083 | 24,621 | 23,560 | 22,630 | 21,687 |
| Southern Power | 12,761 | 13,081 | 13,390 | 13,235 | 14,300 |
| All Other | 2,446 | 2,665 | 2,975 | 3,168 | 3,511 |
| Electric Utilities-Eliminations | -545 | -659 | -667 | -680 | -713 |
| Eliminations | -843 | -678 | -775 | -904 | -1,148 |
| Total | 139,331 | 134,891 | 127,534 | 122,935 | 118,700 |
Price Behavior
| Market Price | $87.17 | |
| Market Cap ($ Bil) | 96.1 | |
| First Trading Date | 12/31/1981 | |
| Distance from 52W High | -11.9% | |
| 50 Days | 200 Days | |
| DMA Price | $90.01 | $90.26 |
| DMA Trend | indeterminate | down |
| Distance from DMA | -3.2% | -3.4% |
| 3M | 1YR | |
| Volatility | 15.8% | 17.7% |
| Downside Capture | -17.88 | -5.81 |
| Upside Capture | -49.04 | 3.34 |
| Correlation (SPY) | -19.7% | 2.5% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.08 | -0.27 | -0.22 | -0.10 | 0.04 | 0.15 |
| Up Beta | 0.06 | 0.12 | 0.07 | -0.02 | 0.06 | 0.13 |
| Down Beta | 0.23 | -0.29 | -0.31 | -0.32 | 0.11 | 0.12 |
| Up Capture | -31% | -45% | -23% | -0% | -0% | 6% |
| Bmk +ve Days | 12 | 25 | 38 | 73 | 141 | 426 |
| Stock +ve Days | 8 | 17 | 30 | 63 | 130 | 393 |
| Down Capture | 29% | -29% | -29% | -9% | -9% | 26% |
| Bmk -ve Days | 7 | 16 | 24 | 52 | 107 | 323 |
| Stock -ve Days | 11 | 24 | 32 | 62 | 117 | 355 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Comparison of SO With Other Asset Classes (Last 1Y) | |||||||
|---|---|---|---|---|---|---|---|
| SO | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 8.7% | 15.2% | 17.8% | 72.1% | 8.6% | 4.4% | -8.3% |
| Annualized Volatility | 17.6% | 15.9% | 19.4% | 19.3% | 15.2% | 17.0% | 35.0% |
| Sharpe Ratio | 0.32 | 0.70 | 0.72 | 2.70 | 0.34 | 0.09 | -0.08 |
| Correlation With Other Assets | 62.9% | 2.5% | 17.6% | -7.8% | 45.2% | -8.4% | |
ETFs used for asset classes: Sector ETF = XLU, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Comparison of SO With Other Asset Classes (Last 5Y) | |||||||
|---|---|---|---|---|---|---|---|
| SO | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 11.8% | 9.7% | 14.7% | 18.7% | 11.5% | 4.6% | 30.8% |
| Annualized Volatility | 18.6% | 17.2% | 17.1% | 15.5% | 18.7% | 18.9% | 48.7% |
| Sharpe Ratio | 0.51 | 0.43 | 0.70 | 0.97 | 0.50 | 0.16 | 0.57 |
| Correlation With Other Assets | 82.2% | 26.8% | 18.3% | 4.8% | 52.5% | 7.2% | |
ETFs used for asset classes: Sector ETF = XLU, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Comparison of SO With Other Asset Classes (Last 10Y) | |||||||
|---|---|---|---|---|---|---|---|
| SO | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 11.2% | 10.5% | 14.8% | 15.3% | 7.0% | 5.3% | 69.2% |
| Annualized Volatility | 21.8% | 19.2% | 18.0% | 14.7% | 17.6% | 20.8% | 55.8% |
| Sharpe Ratio | 0.47 | 0.48 | 0.71 | 0.86 | 0.32 | 0.22 | 0.90 |
| Correlation With Other Assets | 87.8% | 42.4% | 16.3% | 9.8% | 61.2% | 7.2% | |
ETFs used for asset classes: Sector ETF = XLU, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 9302025 | 10302025 | 10-Q 9/30/2025 |
| 6302025 | 7312025 | 10-Q 6/30/2025 |
| 3312025 | 5012025 | 10-Q 3/31/2025 |
| 12312024 | 2202025 | 10-K 12/31/2024 |
| 9302024 | 10312024 | 10-Q 9/30/2024 |
| 6302024 | 8012024 | 10-Q 6/30/2024 |
| 3312024 | 5022024 | 10-Q 3/31/2024 |
| 12312023 | 2152024 | 10-K 12/31/2023 |
| 9302023 | 11022023 | 10-Q 9/30/2023 |
| 6302023 | 8032023 | 10-Q 6/30/2023 |
| 3312023 | 4272023 | 10-Q 3/31/2023 |
| 12312022 | 2162023 | 10-K 12/31/2022 |
| 9302022 | 10272022 | 10-Q 9/30/2022 |
| 6302022 | 7282022 | 10-Q 6/30/2022 |
| 3312022 | 4282022 | 10-Q 3/31/2022 |
| 12312021 | 2172022 | 10-K 12/31/2021 |
Insider Activity
Expand for More| Owner | Title | Filing Date | Action | Price | Shares | TransactedValue | Value ofHeld Shares | Form | |
|---|---|---|---|---|---|---|---|---|---|
| 0 | Spainhour Sterling A Jr. | EVP & CLO | 8122025 | Sell | 95.02 | 2,380 | 226,148 | 1,651,638 | Form |
| 1 | Greene Kimberly S, | Chairman, President & CEO, GPC | 7222025 | Sell | 95.00 | 13,158 | 1,250,010 | 8,897,795 | Form |
| 2 | Cummiskey Christopher | EVP | 5272025 | Sell | 89.54 | 12,335 | 1,104,476 | 2,014,869 | Form |
| 3 | Connally Stan W | EVP & COO | 4012025 | Sell | 92.24 | 12,500 | 1,153,000 | 13,782,409 | Form |
| 4 | Greene Kimberly S, | Chairman, President & CEO, GPC | 3112025 | Sell | 93.12 | 32,190 | 2,997,533 | 9,946,985 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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