Southern Company

Southern Company

SO

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Market Cap$105.97B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Southern CompanySouthern Company24.23.17%12%3.61.8

Earnings Call Q1 2026

April 30, 2026 - AI Summary

Stronger-than-expected start to 2026; steady growth across businesses - Adjusted EPS: $1.32/share for Q1 2026, +9¢ YoY and +12¢ vs. company estimate. - Drivers: customer growth and higher usage (notably data centers), plus gas utility revenue growth and energy-related/unregulated business strength (including Southern Power). - Offsets: higher financing costs and milder weather vs. 2025. - Q2 2026 adjusted EPS forecast: $1.00/share.
Electric demand is accelerating—large load pipeline is the key growth engine (and it’s structured to protect customers) - Weather-normal retail electricity sales: +2.3% YoY in Q1—the strongest first-quarter growth in recent history. - Data center usage: +42% YoY in Q1 (driven by accelerating ramp at large load facilities). - Large-load contracting momentum: - Total late-stage/contracted load: 23 GW. - Signed +1.9 GW in the last ~2 months (high-credit hyperscalers), bringing fully contracted large load to >11 GW across AL/GA/MS. - Active late-stage discussions: 12 GW additional contracted load through the mid-2030s (company says +2 GW vs. last quarter); about ~6 GW expected to be finalized near term. - How it helps affordability/stability: contracts are bilaterally negotiated with minimum bills, collateral, and other protections so customers pay their full incremental cost (management repeatedly emphasized this as the reason for rate stability).
Rate stability/freezes are a major theme—and regulators/capital plans are aligned to load visibility - Management emphasized base-rate stability: Alabama and Georgia held stable until at least 2029/2028 (as stated in the prepared remarks). - Georgia also filed for lower rates related to fuel + storm cost recovery. - Company framed “regulatory strategy” as prioritizing rate stability rather than chasing filings solely due to load optimism. - Investors should note: management said they are “in line” with expectations on load ramp and aim to reach the upper end of the long-term growth range they previously guided (they referenced 7%–8% CAGR; no new numeric CAGR was provided in the Q&A).

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$102.17

Target Price by Analysts

8.7% upsideSouthern Company Target Price DetailsTarget Price
$37.06

Current Fair Value

60.6% downside

Overvalued by 60.6% based on the discounted cash flow analysis.

Share Statistics

Market cap$105.97 Billion
Enterprise Value$170.15 Billion
Dividend Yield$2.98 (3.17%)
Earnings per Share$3.94
Beta0.34
Outstanding Shares1,124,000,000

Return

Return on Equity12.05%ROE
Return on Assets2.79%
Return on Invested Capital-2.11%

Valuation & Multiples

P/E Ratio24.22P/E Ratio
PEG-28.82PEG
Price to Sales3.62Price to Sales
Price to Book Ratio2.76Price to Book Ratio
Enterprise Value to Revenue5.76
Enterprise Value to EBIT-58.17
Enterprise Value to Net Income39
Total Debt to Enterprise0.39
Debt to Equity1.83Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
May 7, 2026
EPS Estimate
$1.22
Average shareholder expectation
Revenue Estimate
-
Average shareholder expectation

Next Earnings Call

Expected Date
July 30, 2026
EPS Estimate
$1.01
Average shareholder expectation
Revenue Estimate
$7.24 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.8004 4.44%
Total Calls4,361,336 83.49%
Total Puts3,490,895 84.36%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %71.49% 0.81%
Total Invested$76.12B 9.49%
Investors Holding2,392 77.00%

ESG Score

No data

About Southern Company

2,018 employees
CEO: Thomas Fanning

Relevant Senate Committees

Joint Committee on Taxation

This committee provides the official revenue estimates and technical analysis for tax legislation, directly influencing corporate tax structures and capital investment credits critical to Southern Company's financial planning.

Finance

This powerful committee controls taxation and trade policy. Its decisions on corporate tax rates, incentives for energy investments, and other fiscal policies directly impact Southern Company's profitability and capital allocation.

Appropriations

This committee directly allocates discretionary federal spending. Its subcommittees determine funding for energy research, infrastructure projects, and resilience grants, which can directly benefit or impact Southern Company's operations and investments.

Energy and Natural Resources

This committee directly oversees national energy policy and the Department of Energy, which are central to Southern Company's business as an energy utility, including nuclear and other generation.

Environment and Public Works

This committee directly regulates the Nuclear Regulatory Commission (NRC), which is crucial for Southern Company's nuclear electric power generation. It also oversees the EPA, impacting environmental regulations for power plants.