Overview Dividends

(SO) Southern - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US8425871071

Electricity, Natural Gas, Renewables, Pipelines, Communications

Electric Utilities
Market Cap in USD: 93,902m

IPO / Inception: 1981-12-31
Return 12m vs S&P 500: -6.37%

EPS (Earnings per Share)

EPS CAGR: 48.85%
EPS Trend: 38.4%

Last SUE: 0.76
Qual. Beats: 0

Revenue

Rev. CAGR: 8.47%
Rev. Trend: 26.5%

Last SUE: -0.11
Qual. Beats: 0

Dividends

Dividend Yield	3.37%
Yield on Cost 5y	5.92%
Yield CAGR 5y	3.01%
Payout Consistency	97.8%
Payout Ratio	69.2%

Risk via 5d forecast
Volatility	17.0%
Value at Risk 5%th	28.1%
Relative Tail Risk	0.16%

Reward TTM
Sharpe Ratio	0.31
Alpha	4.02
CAGR/Max DD	0.71

Character TTM
Hurst Exponent	0.405
Beta	0.020
Beta Downside	0.052

Drawdowns 3y
Max DD	15.46%
Mean DD	4.78%
Median DD	4.08%

Description: SO Southern December 02, 2025

The Southern Company (NYSE: SO) is a vertically integrated utility that generates, transmits, and distributes electricity, while also delivering natural gas across Illinois, Georgia, Virginia, and Tennessee. Its portfolio includes conventional generation, expanding renewable assets, and a suite of ancillary services such as microgrids, distributed-energy solutions, and fiber-optic communications.

Key operating metrics show SO delivering about 96 TWh of electricity in FY 2023, with a regulated dividend yield near 4.3 % and a credit rating of A- (S&P). The company has pledged to add roughly 3 GW of renewable capacity by 2028, a target driven by state-level clean-energy mandates and the broader sector shift toward decarbonization. Capital expenditures are expected to stay above $12 billion annually, reflecting pipeline upgrades, grid modernization, and the need to fund interest-rate-sensitive debt in a rising-rate environment.

For a deeper quantitative view of SO’s valuation sensitivities and scenario analysis, you may find ValueRay’s toolset worth a quick look.

Piotroski VR‑10 (Strict, 0-10) 3.0

Net Income (4.46b TTM) > 0 and > 6% of Revenue (6% = 1.73b TTM)

FCFTA -0.01 (>2.0%) and ΔFCFTA -1.59pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue -14.18% (prev -4.26%; Δ -9.92pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.06 (>3.0%) and CFO 9.38b > Net Income 4.46b (YES >=105%, WARN >=100%)

Net Debt (70.40b) to EBITDA (14.02b) ratio: 5.02 <= 3.0 (WARN <= 3.5)

Current Ratio 0.75 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (1.11b) change vs 12m ago 0.63% (target <= -2.0% for YES)

Gross Margin 49.10% (prev 49.83%; Δ -0.73pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 19.46% (prev 18.36%; Δ 1.10pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 2.76 (EBITDA TTM 14.02b / Interest Expense TTM 3.04b) >= 6 (WARN >= 3)

Altman Z'' 0.72

(A) -0.03 = (Total Current Assets 12.63b - Total Current Liabilities 16.73b) / Total Assets 153.25b

(B) 0.10 = Retained Earnings (Balance) 15.25b / Total Assets 153.25b

(D) 0.18 = Book Value of Equity 20.64b / Total Liabilities 114.97b

Total Rating: 0.72 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 51.46

1. Piotroski 3.0pt

2. FCF Yield -1.22%

3. FCF Margin -6.91%

4. Debt/Equity 2.11

5. Debt/Ebitda 5.02

6. ROIC - WACC (= 2.83)%

7. RoE 13.11%

8. Rev. Trend 26.49%

9. EPS Trend 38.42%

What is the price of SO shares?

As of December 28, 2025, the stock is trading at USD 87.17 with a total of 1,769,884 shares traded.
Over the past week, the price has changed by +2.22%, over one month by -3.40%, over three months by -7.03% and over the past year by +8.75%.

Is SO a buy, sell or hold?

Southern has received a consensus analysts rating of 3.52. Therefor, it is recommend to hold SO.

Strong Buy: 5
Buy: 4
Hold: 10
Sell: 1
Strong Sell: 1

What are the forecasts/targets for the SO price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	96.7	11%
Analysts Target Price	96.7	11%
ValueRay Target Price	93.2	7%

SO Fundamental Data Overview December 28, 2025

Market Cap USD = 93.90b (93.90b USD * 1.0 USD.USD)
P/E Trailing = 21.2139
P/E Forward = 19.0114
P/S = 3.2478
P/B = 2.7438
P/EG = 3.1151
Beta = 0.444
Revenue TTM = 28.91b USD
EBIT TTM = 8.38b USD
EBITDA TTM = 14.02b USD
Long Term Debt = 64.62b USD (from longTermDebt, last quarter)
Short Term Debt = 7.88b USD (from shortTermDebt, last quarter)
Debt = 73.75b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 70.40b USD (from netDebt column, last quarter)
Enterprise Value = 164.31b USD (93.90b + Debt 73.75b - CCE 3.34b)
Interest Coverage Ratio = 2.76 (Ebit TTM 8.38b / Interest Expense TTM 3.04b)
FCF Yield = -1.22% (FCF TTM -2.00b / Enterprise Value 164.31b)
FCF Margin = -6.91% (FCF TTM -2.00b / Revenue TTM 28.91b)
Net Margin = 15.42% (Net Income TTM 4.46b / Revenue TTM 28.91b)
Gross Margin = 49.10% ((Revenue TTM 28.91b - Cost of Revenue TTM 14.72b) / Revenue TTM)
Gross Margin QoQ = 55.02% (prev 50.05%)
Tobins Q-Ratio = 1.07 (Enterprise Value 164.31b / Total Assets 153.25b)
Interest Expense / Debt = 1.02% (Interest Expense 755.0m / Debt 73.75b)
Taxrate = 18.95% (400.0m / 2.11b)
NOPAT = 6.80b (EBIT 8.38b * (1 - 18.95%))
Current Ratio = 0.75 (Total Current Assets 12.63b / Total Current Liabilities 16.73b)
Debt / Equity = 2.11 (Debt 73.75b / totalStockholderEquity, last quarter 35.00b)
Debt / EBITDA = 5.02 (Net Debt 70.40b / EBITDA 14.02b)
Debt / FCF = -35.24 (negative FCF - burning cash) (Net Debt 70.40b / FCF TTM -2.00b)
Total Stockholder Equity = 34.02b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.91% (Net Income 4.46b / Total Assets 153.25b)
RoE = 13.11% (Net Income TTM 4.46b / Total Stockholder Equity 34.02b)
RoCE = 8.50% (EBIT 8.38b / Capital Employed (Equity 34.02b + L.T.Debt 64.62b))
RoIC = 6.61% (NOPAT 6.80b / Invested Capital 102.79b)
WACC = 3.78% (E(93.90b)/V(167.65b) * Re(6.09%) + D(73.75b)/V(167.65b) * Rd(1.02%) * (1-Tc(0.19)))
Discount Rate = 6.09% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: 33.33 | Cagr: 0.52%
Fair Price DCF = unknown (Cash Flow -2.00b)
EPS Correlation: 38.42 | EPS CAGR: 48.85% | SUE: 0.76 | # QB: 0
Revenue Correlation: 26.49 | Revenue CAGR: 8.47% | SUE: -0.11 | # QB: 0
EPS next Quarter (2026-03-31): EPS=1.28 | Chg30d=-0.001 | Revisions Net=-1 | Analysts=8
EPS next Year (2026-12-31): EPS=4.57 | Chg30d=+0.003 | Revisions Net=-1 | Growth EPS=+6.7% | Growth Revenue=+5.3%

Additional Sources for SO Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle