Southern Co
Southern Co (SO) is listed on NYSE and classified in Utilities - Regulated Electric, part of the Utilities sector. It is headquartered in Atlanta, United States and has 29,502 employees. The company is worth $107.93B and trades at 22.6x its earnings of the last twelve months; the median for its sector is 20.5x. Revenue was $29.55B in fiscal 2025, up 10.4% from the year before. Net income was $4.34B. The share price is 5.8% below its 52-week high of $99.58. It pays a dividend yielding 3.24%, and has raised its annual dividend for 25 years in a row in our records. 6 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Ken Griffin (Citadel Advisors), at $112.28M. In that quarter, 3 of them opened or added to the position and 2 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▲ +49.2% over 5Y.
today you would have $1,756.47▲ +75.6%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 19 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $87.20 | $82.32 | $70.12 | $71.41 | $68.58 | $61.43 | $63.70 | $43.92 | $48.09 | $49.19 | $46.79 | $49.11 | $41.11 | $42.81 | $46.29 | $38.23 | $33.32 |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 6.0% a year plus a 3.2% dividend yield. Growth capped at 25%.
Median P/E of 20.5 among peers in the sector.
Median P/E of 19.4 across this company’s own years on record.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Sector median of 13.3x operating profit, less net debt. Banks have no EBITDA.
Dividend growing 4.8% a year against a 7.0% required return, from the stock’s beta.
Companies of similar size in Utilities, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| DUKDuke Energy CORP | $125.40 | 18.9x | 1.8x | 3.46% | 9.86% | $97.77B |
| CEGConstellation Energy Corp | $255.21 | 24.9x | 2.8x | 0.67% | 15.05% | $90.42B |
| NGGNational Grid PLC | $82.64 | 18.4x | 9.4x | 3.92% | 8.41% | $83.08B |
| AEPAmerican Electric Power Co Inc | $130.64 |
| $37.00 |
| $38.75 |
| P/E | 19.4x | 22.2x | 20.6x | 19.4x | 21.9x | 30.6x | 21.0x | 14.2x | 20.2x | 57.3x | 19.3x | 18.1x | 22.5x | 22.0x | 16.0x | 18.2x | 16.2x | 16.2x | 16.4x | 17.0x |
| P/S | 2.4x | 3.3x | 3.4x | 3.0x | 2.7x | 3.1x | 3.1x | 3.0x | 1.8x | 2.1x | 2.5x | 2.4x | 2.4x | 2.1x | 2.2x | 2.3x | 1.9x | 1.7x | 1.7x | 1.9x |
| P/B | 2.2x | 2.7x | 2.7x | 2.4x | 2.6x | 2.6x | 2.3x | 2.4x | 1.8x | 2.0x | 2.0x | 2.1x | 2.2x | 1.9x | 2.0x | 2.2x | 1.9x | 1.8x | 2.1x | 2.3x |
| EPS | $3.92 | $3.99 | $3.62 | $3.26 | $2.24 | $2.93 | $4.50 | $2.17 | $0.84 | $2.55 | $2.59 | $2.18 | $1.87 | $2.67 | $2.55 | $2.36 | $2.06 | $2.25 | $2.28 |
| Dividend yield | 4.24% | 3.37% | 3.47% | 3.96% | 3.78% | 3.82% | 4.13% | 3.86% | 5.42% | 4.78% | 4.52% | 4.60% | 4.24% | 4.89% | 4.54% | 4.05% | 4.72% | 5.20% | 4.49% | 4.12% |
| Payout | 82.82% | 75.00% | 71.68% | 76.80% | 82.82% | 116.96% | 86.69% | 54.67% | 109.68% | 273.81% | 87.18% | 83.17% | 95.50% | 107.54% | 72.77% | 73.49% | 76.40% | 84.17% | 73.91% | 70.04% |
| Profit margin | 11.71% | 14.69% | 16.44% | 15.74% | 11.71% | 9.84% | 14.71% | 20.99% | 9.11% | 4.02% | 12.71% | 13.92% | 11.00% | 10.01% | 14.60% | 12.84% | 11.69% | 10.85% | 10.55% | 11.61% |
| ROE | 11.82% | 12.05% | 13.25% | 12.64% | 11.27% | 8.28% | 11.09% | 17.25% | 9.30% | 3.83% | 10.21% | 11.82% | 10.18% | 9.00% | 13.20% | 12.40% | 12.06% | 10.96% | 12.92% | 13.61% |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
6 methods answered, across 3 families.
Room for errors in the reported numbers.
+6.2% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 22.6x |
| 2.2x |
| 2.97% |
| 10.13% |
| $71.12B |
| NEENextera Energy Inc | $81.90 | 14.8x | 3.1x | 3.04% | 11.68% | $170.84B |
| DDominion Energy Inc | $65.40 | 22.6x | 2.1x | 4.08% | 8.28% | $57.52B |