Southern CompanySO
Market Cap: 89.8B
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 Q1 SEC filings by fund managers ($100M+ AUM)
140% more call options, than puts
Call options by funds: $423M | Put options by funds: $176M
10.48% more ownership
Funds ownership: 64.14% [Q4 2023] → 74.63% (+10.48%) [Q1 2024]
6% more repeat investments, than reductions
Existing positions increased: 707 | Existing positions reduced: 670
2% more capital invested
Capital invested by funds: $49.1B [Q4 2023] → $50.2B (+$1.16B) [Q1 2024]
0% more funds holding in top 10
Funds holding in top 10: 11 [Q4 2023] → 11 (+0) [Q1 2024]
2% less funds holding
Funds holding: 1,792 [Q4 2023] → 1,758 (-34) [Q1 2024]
23% less first-time investments, than exits
New positions opened: 116 | Existing positions closed: 150
Research analyst outlook
15 Wall Street Analysts provided 1 year price forecasts over the past 6 months
15 analyst ratings
Barclays Nicholas Campanella | 14%downside $71 | Equal-Weight Maintained | 9 Jul 2024 |
Morgan Stanley Stephen Byrd | 14%downside $71 | Equal-Weight Maintained | 24 Jun 2024 |
B of A Securities Julien Dumoulin-Smith | 4%downside $79 | Neutral Maintained | 31 May 2024 |
Morgan Stanley Stephen Byrd | 10%downside $74 | Equal-Weight Maintained | 28 May 2024 |
Argus Research Marie Ferguson | 10%upside $90 | Buy Maintained | 15 May 2024 |
Financial journalist opinion
Based on 25 articles about SO published over the past 30 days