SweetValueLab
Write for us

The Southern Company — Intrinsic Value & Fair Price

SO
NYSEUtilitiesRegulated ElectricCIK 0000092122southerncompany.comAbout SO
Last close · Oct 16, 202691.18+2.00 (+2.24%)
Market cap$104.9B
Model value · P/E · own history
96.99
Southern closed at $91.18 — undervalued by 6% vs model.
91.58the model's range105.01

P/E · own history leads for a regulated utility. From its own five-year median P/E applied to its earnings.

Other models
57.10 – 146.95
Wall St. target
93.00 2% below
Below model, 1y
7 of 20 days

Price and model value

Embed this card

SO's close against its model value, as a 420×168 card for your own page. It updates nightly with this site and links back here.

Free to embed; keep the attribution link.
Loading chart…
What the marks mean
Daily close

Dividends

Quarterly · as of Oct 16, 2026
Yield, trailing 12 months
3.29%
Past 2 years
low 2.93%high 3.64%
Dividends per share, a year at a time
$2.60Aug ’21$2.68Aug ’22$2.76Aug ’23$2.84Aug ’24$2.92Aug ’25$3.00TTM
Coverage
—
Raised
25 years in a row
Growth, 5 yrs
2.9% a year
Last change
+2.7% · May 2026
Every payment, with ex-dates · latest $0.76, paid Sep 8, 2026

Research on SO

No posts on SO yet.
Studied SO from its filings? Guest posts are reviewed before they go live.Write about SO →

How it is valued

Valued asRegulated utility
Low/slowing growth (~8% recent)Moderate margins (15% net margin)Pays dividendsHighly cyclical earningsHigh leverage (D/E 2.0x)Negative free cash flow
What growth the price implies: the reverse DCF

Key figures

FY2025 · chosen for utilities
P/E
23.3×
EV / EBITDA
12.3×
FCF yield
-2.9%
Dividend yield, TTM
3.29%
Beta
0.30
Cost of capital (WACC)
6.05%
Full financials

Analyst actions

third-party, quoted
10-16Barclays · target92.00
10-15Truist Financial · target93.00
10-13KeyBanc · target74.00
07-23Keybanc · “Underweight” from “Sector Weight”downgrade
Ratings, targets and estimates

The weekly

One email a week across every stock we cover: 13F filings, insider trades, earnings and new research. It covers the whole market, not just SO. No account.

About Southern

The Southern Company operates as an energy utility, primarily involved in the production, transmission, and distribution of electricity. Its operations are segmented into Gas Distribution Operations, Gas Pipeline Investments, Wholesale Gas Services, and Gas Marketing Services. The company also undertakes the development, construction, acquisition, ownership, and management of various power generation assets, including renewable energy ventures, and supplies electricity to the wholesale market. Complementing its power business, it distributes natural gas in Illinois, Georgia, Virginia, and Tennessee, while also offering gas marketing services, wholesale gas services, and managing gas pipeline investments. Its extensive portfolio of generating assets includes 30 hydroelectric, 24 fossil fuel, three nuclear, 13 combined cycle/cogeneration, 45 solar, 15 wind, one fuel cell, and four battery storage facilities. In terms of natural gas infrastructure, the company builds, operates, and maintains 76,289 miles of pipelines and 14 storage facilities with a total capacity of 157 billion cubic feet, delivering natural gas to residential, commercial, and industrial clients. The Southern Company serves approximately 8.7 million electric and gas utility customers in total. Furthermore, it provides digital wireless communications and fiber optics services. The company was founded in 1945 and maintains its corporate headquarters in Atlanta, Georgia.

CEO
Christopher C. Womack
Headquarters
Atlanta, GA
Employees
29,651
IPO
1981-12-31
Full company profile

Model estimates for research reference only, not investment advice. Every model rests on assumptions that may not match what happens; the formulas are in how we value a stock.