Southern Company (SO)

• Market cap: $90.8B
• 1 day: 1.32%
• 5 days: -0.36%
• 1 month: -5.81%
• 3 months: -7.63%
• 6 months: 5.06%
• Year to date: 16.95%
• 1 year: 18.90%
• 5 years: 29.75%
• 10 years: 67.87%
• Sector: Utilities
• Industry: Electric Services

About: Southern is one of the largest utilities in the U.S. The company serves 9 million customers with vertically integrated electric utilities in three states and natural gas distribution utilities in four states. It owns 50 gigawatts of rate-regulated generating capacity, primarily for serving customers in Georgia, Alabama, and Mississippi. Subsidiary Southern Power owns 13 gigawatts of natural gas generation and renewable energy across the U.S. and sells the electricity primarily under long-term contracts.

Employees: 28,100

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

109% more first-time investments, than exits

New positions opened: 215 | Existing positions closed: 103

65% more call options, than puts

Call options by funds: $609M | Put options by funds: $370M

38% more funds holding in top 10

Funds holding in top 10: 16 [Q2] → 22 (+6) [Q3]

14% more capital invested

Capital invested by funds: $58.6B [Q2] → $66.9B (+$8.28B) [Q3]

6% more funds holding

Funds holding: 1,858 [Q2] → 1,970 (+112) [Q3]

10% more repeat investments, than reductions

Existing positions increased: 760 | Existing positions reduced: 693

0.19% more ownership

Funds ownership: 68.11% [Q2] → 68.3% (+0.19%) [Q3]

Research analyst outlook

5 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $83 0% upside
• Avg. target: $92 11% upside
• High target: $98 18% upside

5 analyst ratings

• positive: 3 60%
• neutral: 2 40%
• negative: 0 0%

Scotiabank Andrew Weisel 46% 1-year accuracy 13 / 28 met price target	18% upside $98	Sector Outperform Maintained	12 Dec 2024
Morgan Stanley Stephen Byrd 52% 1-year accuracy 58 / 111 met price target	3% upside $85	Equal-Weight Maintained	22 Nov 2024
BMO Capital James Thalacker 64% 1-year accuracy 49 / 77 met price target	17% upside $97	Outperform Maintained	1 Nov 2024
Barclays Nicholas Campanella 63% 1-year accuracy 45 / 71 met price target	0% upside $83	Equal-Weight Maintained	15 Oct 2024
Guggenheim Shahriar Pourreza 74% 1-year accuracy 14 / 19 met price target	17% upside $97	Buy Maintained	2 Oct 2024