(SO) Southern - Overview

Sector: Utilities | Industry: Utilities - Regulated Electric | Exchange: NYSE (USA) | Market Cap: 106.958m USD | Total Return: 8.9% in 12m

Stock Electricity, Natural Gas, Renewables, Pipelines
Total Rating 38
Risk 68
Buy Signal -0.38
Utilities - Regulated Electric -0.8
Electric Utilities -1.0
Market Cap: 106,958m
Avg Trading Vol: 494M USD
ATR: 1.74%
Peers RS (IBD): 31.5
Risk 5d forecast
Volatility17.7%
Rel. Tail Risk-1.48%
Reward TTM
Sharpe Ratio0.39
Alpha8.52
Character TTM
Beta-0.186
Beta Downside-0.211
Drawdowns 3y
Max DD15.46%
CAGR/Max DD1.05
EPS (Earnings per Share) EPS (Earnings per Share) of SO over the last years for every Quarter: "2021-03": 0.98, "2021-06": 0.84, "2021-09": 1.23, "2021-12": 0.36, "2022-03": 0.97, "2022-06": 1.07, "2022-09": 1.31, "2022-12": 0.26, "2023-03": 0.79, "2023-06": 0.79, "2023-09": 1.42, "2023-12": 0.64, "2024-03": 1.03, "2024-06": 1.1, "2024-09": 1.43, "2024-12": 0.5, "2025-03": 1.23, "2025-06": 0.92, "2025-09": 1.6, "2025-12": 0.55, "2026-03": 0,
EPS CAGR: -48.42%
EPS Trend: -18.0%
Last SUE: -4.00
Qual. Beats: 0
Revenue Revenue of SO over the last years for every Quarter: 2021-03: 5910, 2021-06: 5198, 2021-09: 6238, 2021-12: 5767, 2022-03: 6648, 2022-06: 7206, 2022-09: 8378, 2022-12: 7047, 2023-03: 6480, 2023-06: 5748, 2023-09: 6980, 2023-12: 6045, 2024-03: 6646, 2024-06: 6463, 2024-09: 7274, 2024-12: 6341, 2025-03: 7775, 2025-06: 6973, 2025-09: 7823, 2025-12: 6981, 2026-03: null,
Rev. CAGR: 1.31%
Rev. Trend: 11.3%
Last SUE: 1.28
Qual. Beats: 1
Description: SO Southern February 26, 2026

The Southern Company (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 traditional power plants, expanding renewable-energy projects, extensive natural-gas pipeline infrastructure, and ancillary services such as distributed-energy solutions, microgrids, and fiber-optic communications. Founded in 1946 and headquartered in Atlanta, Georgia, the firm serves both wholesale and retail customers through a mix of regulated and competitive businesses.

Recent performance highlights include FY 2025 adjusted earnings per share of $10.15 and a dividend yield near 4.1%, reflecting the company’s commitment to shareholder returns. Capital expenditures rose to $8.2 billion, driven largely by a $2.3 billion investment in renewable generation that brought total clean-energy capacity to roughly 5,200 MW. A key sector driver remains the accelerating shift toward decarbonization, with state-level clean-energy mandates and rising electricity demand supporting SO’s long-term growth outlook.

For a deeper dive, consider reviewing ValueRay’s platform for additional insights.

Headlines to Watch Out For
  • Regulatory decisions impact utility rate increases
  • Natural gas price volatility affects generation costs
  • Economic growth drives electricity demand
  • Interest rate changes influence financing costs
Piotroski VR‑10 (Strict, 0-10) 4.0
Net Income: 4.34b TTM > 0 and > 6% of Revenue
FCF/TA: -0.02 > 0.02 and ΔFCF/TA -2.49 > 1.0
NWC/Revenue: -20.21% < 20% (prev -19.83%; Δ -0.38% < -1%)
CFO/TA 0.06 > 3% & CFO 9.80b > Net Income 4.34b
Net Debt (64.18b) to EBITDA (14.19b): 4.52 < 3
Current Ratio: 0.65 > 1.5 & < 3
Outstanding Shares: last quarter (1.11b) vs 12m ago -0.31% < -2%
Gross Margin: 43.48% > 18% (prev 0.50%; Δ 4.30k% > 0.5%)
Asset Turnover: 19.64% > 50% (prev 18.41%; Δ 1.23% > 0%)
Interest Coverage Ratio: 2.51 > 6 (EBITDA TTM 14.19b / Interest Expense TTM 3.31b)
Altman Z'' 0.61
A: -0.04 (Total Current Assets 10.92b - Total Current Liabilities 16.89b) / Total Assets 155.72b
B: 0.10 (Retained Earnings 14.86b / Total Assets 155.72b)
C: 0.06 (EBIT TTM 8.30b / Avg Total Assets 150.45b)
D: 0.17 (Book Value of Equity 20.34b / Total Liabilities 116.85b)
Altman-Z'' Score: 0.61 = B
Beneish M -2.96
DSRI: 0.86 (Receivables 4.07b/4.29b, Revenue 29.55b/26.72b)
GMI: 1.15 (GM 43.48% / 49.93%)
AQI: 1.02 (AQ_t 0.20 / AQ_t-1 0.19)
SGI: 1.11 (Revenue 29.55b / 26.72b)
TATA: -0.04 (NI 4.34b - CFO 9.80b) / TA 155.72b)
Beneish M-Score: -2.96 (Cap -4..+1) = A
What is the price of SO shares? As of March 31, 2026, the stock is trading at USD 96.93 with a total of 4,726,992 shares traded.
Over the past week, the price has changed by +3.39%, over one month by -0.46%, over three months by +11.56% and over the past year by +8.88%.
Is SO a buy, sell or hold? Southern has received a consensus analysts rating of 3.52. Therefor, it is recommend to hold SO.
  • StrongBuy: 5
  • Buy: 4
  • Hold: 10
  • Sell: 1
  • StrongSell: 1
What are the forecasts/targets for the SO price?
ISSUER TARGET UP/DOWN
Wallstreet Target Price 101.2 4.4%
Analysts Target Price 101.2 4.4%
SO Fundamental Data Overview March 31, 2026
P/E Trailing = 24.375
P/E Forward = 20.5339
P/S = 3.6192
P/B = 2.9026
P/EG = 2.6686
Revenue TTM = 29.55b USD
EBIT TTM = 8.30b USD
EBITDA TTM = 14.19b USD
Long Term Debt = 65.65b USD (from longTermDebt, last quarter)
Short Term Debt = 169.0m USD (from shortTermDebt, last quarter)
Debt = 65.82b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 64.18b USD (from netDebt column, last quarter)
Enterprise Value = 171.14b USD (106.96b + Debt 65.82b - CCE 1.64b)
Interest Coverage Ratio = 2.51 (Ebit TTM 8.30b / Interest Expense TTM 3.31b)
EV/FCF = -52.08x (Enterprise Value 171.14b / FCF TTM -3.29b)
FCF Yield = -1.92% (FCF TTM -3.29b / Enterprise Value 171.14b)
FCF Margin = -11.12% (FCF TTM -3.29b / Revenue TTM 29.55b)
Net Margin = 14.69% (Net Income TTM 4.34b / Revenue TTM 29.55b)
Gross Margin = 43.48% ((Revenue TTM 29.55b - Cost of Revenue TTM 16.70b) / Revenue TTM)
Gross Margin QoQ = 18.81% (prev 55.02%)
Tobins Q-Ratio = 1.10 (Enterprise Value 171.14b / Total Assets 155.72b)
Interest Expense / Debt = 1.46% (Interest Expense 962.0m / Debt 65.82b)
Taxrate = 16.56% (828.0m / 5.00b)
NOPAT = 6.93b (EBIT 8.30b * (1 - 16.56%))
Current Ratio = 0.65 (Total Current Assets 10.92b / Total Current Liabilities 16.89b)
Debt / Equity = 1.83 (Debt 65.82b / totalStockholderEquity, last quarter 36.02b)
Debt / EBITDA = 4.52 (Net Debt 64.18b / EBITDA 14.19b)
 Debt / FCF = -19.53 (negative FCF - burning cash) (Net Debt 64.18b / FCF TTM -3.29b)
 Total Stockholder Equity = 34.72b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.89% (Net Income 4.34b / Total Assets 155.72b)
RoE = 12.50% (Net Income TTM 4.34b / Total Stockholder Equity 34.72b)
RoCE = 8.27% (EBIT 8.30b / Capital Employed (Equity 34.72b + L.T.Debt 65.65b))
RoIC = 6.57% (NOPAT 6.93b / Invested Capital 105.43b)
WACC = 3.76% (E(106.96b)/V(172.78b) * Re(5.33%) + D(65.82b)/V(172.78b) * Rd(1.46%) * (1-Tc(0.17)))
Discount Rate = 5.33% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.92%
Shares Correlation 3-Years: 33.33 | Cagr: 0.48%
 [DCF] Fair Price = unknown (Cash Flow -3.29b)
 EPS Correlation: -17.97 | EPS CAGR: -48.42% | SUE: -4.0 | # QB: 0
Revenue Correlation: 11.30 | Revenue CAGR: 1.31% | SUE: 1.28 | # QB: 1
EPS next Quarter (2026-06-30): EPS=1.04 | Chg7d=+0.003 | Chg30d=-0.018 | Revisions Net=+1 | Analysts=11
EPS current Year (2026-12-31): EPS=4.57 | Chg7d=+0.002 | Chg30d=-0.001 | Revisions Net=+2 | Growth EPS=+6.2% | Growth Revenue=+4.5%
EPS next Year (2027-12-31): EPS=4.92 | Chg7d=+0.004 | Chg30d=+0.007 | Revisions Net=+3 | Growth EPS=+7.7% | Growth Revenue=+5.3%
[Analyst] Revisions Ratio: +0.33 (2 Up / 1 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 3.8% (Discount Rate 7.9% - Earnings Yield 4.1%)
[Growth] Growth Spread = -1.7% (Analyst 2.1% - Implied 3.8%)
Additional Sources for SO Stock Fund Manager Positions: Dataroma · Stockcircle