Southern Company (SO)
Operator of Southeastern electric utilities, multi-state gas networks, and wholesale generation.
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Delivers regulated electricity through Alabama Power, Georgia Power, and Mississippi Power and distributes natural gas through Southern Company Gas. Regulated utilities anchor the business, complemented by Southern Power’s competitive wholesale generation and battery-storage portfolio.
Supplies electricity through Alabama Power, Georgia Power, and Mississippi Power, vertically integrated utilities that own generation, transmission, and distribution systems across the Southeast. Their regulated retail operations serve homes and businesses, while wholesale sales extend beyond those service territories.
Adds natural-gas distribution through Southern Company Gas in Illinois, Georgia, Virginia, and Tennessee. Southern Power develops, owns, and operates generation and battery-storage assets for competitive wholesale markets, while PowerSecure provides distributed energy and resilience systems.
Combines state-regulated networks with contracted and market-based power sales, supported by a generation mix that includes nuclear, natural gas, coal, hydroelectric, solar, and wind. Results from regulated utilities depend on state utility commissions approving rates and cost recovery, while wholesale generation depends on power contracts and counterparties.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 13, 2026 | Truist Financial | Target | Target: $100 | Target: $97 |
| Jul 31, 2026 | Mizuho Securities | Target | Target: $105 | Target: $106 |
| Jul 27, 2026 | BMO Capital | Reiterate | Rating: —Target: $102 | Target: $104 |
| Jul 23, 2026 | KeyBanc | Downgrade | Target: $76 | Target: $79 |
| Jul 22, 2026 | BMO Capital | Reiterate | Rating: —Target: $80 | Target: $102 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $2.98B · Total debt $77.09B · Total assets $162.03B · Shareholders' equity $39.57B
- Revenue
- $6.98B
- Operating income
- $1.78B
- Net income
- $1.17B
HistoryDividendAnnual yield
| Institutions | 70.99% | 845.72M shares | |
|---|---|---|---|
| 2,421 holders · as of Jun 30, 2026 | |||
| Insiders | 0.11% | 1.27M shares | |
| 18 holders · as of Sep 4, 2026 | |||
| Other | 28.90% | 344.29M shares | |
| remainder | |||
1.19B company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This company has 6 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 7.81% | 92.99M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 6.18% | 73.67M | as of Jun 30, 2026 |
State Street CorpInstitution | 5.44% | 64.81M | as of Jun 30, 2026 |
Capital World InvestorsInstitution | 5.25% | 62.52M | as of Jun 30, 2026 |
Price T Rowe Associates Inc /MD/Institution | 3.90% | 46.42M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 3, 2026 | Matthew M. Kim | officer: Comptroller | −1,400 | $88.87 |
| Sep 3, 2026 | Peter P. III Sena | officer: Chairman,President & CEO, SNC | −4,266 | $88.59 |
| Sep 1, 2026 | Matthew M. Kim | officer: Comptroller | −100 | $88.45 |
| Aug 6, 2026 | Sterling A. Jr. Spainhour | officer: EVP & CLO | −3,333 | $94.02 |
| Aug 3, 2026 | Matthew M. Kim | officer: Comptroller | −100 | $94.28 |
- NextEra Energy
World's largest renewable generator and SO's nearest large-cap Southeast neighbor.
- Duke Energy
Largest U.S. regulated utility by Southeast customers; directly named SO peer across Carolinas and adjacent markets.
- Entergy
Closest Deep South geographic peer; Entergy Mississippi directly abuts Mississippi Power's service territory.
- Dominion Energy
Regulated electric and nuclear utility in Virginia/Carolinas; pending NEE merger intensifies long-term Southeast competitive pressure.
- American Electric Power
Nation's largest transmission network; competes for wholesale and industrial-load contracts across adjacent Southeast territories.
- Constellation Energy
Largest U.S. nuclear operator; competes with Southern's nuclear fleet for carbon-free baseload power deals with hyperscalers.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Southern Company | $83.57 | −1.86% | $97.95B | 20.6 | 17.9 | 3.2 | +0.1% |
| NextEra Energy | $77.59 | −2.11% | $165.33B | 17.8 | 19.1 | 5.7 | +12.5% |
| Duke Energy | $114.41 | −1.63% | $90.67B | 17.5 | 17.0 | 2.7 | +1.1% |
| Entergy | $99.31 | −1.83% | $47.20B | 25.9 | 21.2 | 3.5 | +5.9% |
| Dominion Energy | $61.35 | −1.73% | $54.91B | 21.7 | 16.0 | 3.0 | +17.6% |
| American Electric Power | $118.33 | −1.62% | $65.47B | 20.8 | 17.8 | 2.9 | +7.0% |
| Constellation Energy | $262.66 | −0.30% | $94.61B | 25.6 | 21.1 | 3.0 | +23.0% |
| Median | 21.2 | 18.4 | 3.0 | +9.7% |