Every quarter for 76 consecutive years, Southern Company has paid a dividend to its shareholders that is equal to or greater than the previous quarter. SOURCE Southern Company ATLANTA, July 15, 2024 /PRNewswire/ -- Southern Company today announced a regular quarterly dividend of 72 cents per share on the company's common stock, payable September 6, 2024, to shareholders of record as of August 19, 2024. Southern Company (NYSE: SO) is a leading energy provider serving 9 million customers across the Southeast ...

The latest trading session saw Southern Co. (SO) ending at $79.99, denoting a +0.16% adjustment from its last day's close. The stock's change was less than the S&P 500's daily gain of 0.55%. Elsewhere, the Dow saw an upswing of 0.62%, while the tech-heavy Nasdaq appreciated by 0.63%. SO's full-year Zacks Consensus Estimates are calling for earnings of $4 per share and revenue of $26.7 billion. These results would represent year-over-year changes of +9.59% and +5.73%, respectively. The Zacks Rank system, str ...

Core Viewpoint - Southern Co. has shown a stable performance with a 0% change in share price over the past month, underperforming the Utilities sector and the S&P 500 [1] Company Performance - In the latest trading session, Southern Co. closed at $79.86, reflecting a +1.81% increase from the previous day, outperforming the S&P 500 which saw a loss of 0.88% [5] - The upcoming earnings report is anticipated on August 1, 2024, with expected earnings per share (EPS) of $0.90, indicating a growth of 13.92% year-over-year, and projected revenue of $6.26 billion, representing an 8.88% increase from the same quarter last year [9] Analyst Estimates - Recent changes in analyst estimates for Southern Co. suggest a favorable outlook on the company's business health and profitability, with a 0.1% increase in the Zacks Consensus EPS estimate over the last 30 days [2][7] - The Zacks Consensus Estimates project earnings of $4 per share and revenue of $26.7 billion for the full year, reflecting changes of +9.59% and +5.73% respectively from the prior year [6] Valuation Metrics - Southern Co. has a Forward P/E ratio of 19.62, which is a premium compared to the industry average Forward P/E of 15.56 [3] - The company currently trades at a PEG ratio of 2.82, higher than the industry average PEG ratio of 2.53 [11] Industry Context - The Utility - Electric Power industry holds a Zacks Industry Rank of 96, placing it in the top 39% of over 250 industries, indicating strong performance potential [8]

About Monteverde & Associates PC Click here for more information https://monteverdelaw.com/case/southern-california-bancorp/. It is free and there is no cost or obligation to you. 1. Do you file class actions and go to Court? 2. When was the last time you recovered money for shareholders? 3. What cases did you recover money in and how much? Contact: Juan Monteverde, Esq. MONTEVERDE & ASSOCIATES PC The Empire State Building 350 Fifth Ave. Suite 4740 New York, NY 10118 United States of America [email protecte ...

Currently, SO has a Zacks Rank #3 (Hold). Some better-ranked stocks in the utility sector are National Fuel Gas Company (NFG) , Atmos Energy (ATO) and Portland General Electric (POR) . National Fuel Gas Companypresently sports a Zacks Rank #1 (Strong Buy), while Atmos Energy and Portland General Electric carry a Zacks Rank #2 (Buy) each. You can see the complete list of today's Zacks #1 Rank stocks here. National Fuel Gas Company is an integrated energy company that owns natural gas assets in the prolific A ...

"At Norfolk Southern, we are dedicated to leaving the planet better than we found it, each customer and community well-served, and each employee experience enriched," said Norfolk Southern President and CEO Alan H. Shaw. "Our investments in safety, our people, and sustainability are not only fundamental to our values but are also aligned to our strategy of driving innovation, operational excellence, and sustainable growth, ensuring long-term value for all stakeholders." An approximate 38% reduction in mainl ...

Core Viewpoint - Norfolk Southern (NYSE:NSC) is positioned to potentially outperform the market in the coming years despite recent challenges, particularly the financial impact of the East Palestine derailment, which incurred $1.7 billion in additional costs [1][9]. Financial Performance - Norfolk Southern's stock has shown volatility, with a downgrade to hold after a soft Q1 2024 report, but there is optimism for recovery as the stock has underperformed the market by over 21 percentage points since then [2]. - The company is expected to report a revenue growth of 4% to $3.1 billion in Q2, driven by increased volumes and lower input costs, with an anticipated EPS growth above 5% [8]. Market Dynamics - The Association of American Railroads (AAR) reported a 39% increase in intermodal originations, which is significant for Norfolk as intermodal accounts for about 25% of its revenue [3][4]. - Chemicals, a key commodity for Norfolk, saw a 6.7% increase in June, indicating potential growth in manufacturing and related sectors [5]. Operational Efficiency - Norfolk's operating ratio (OR) is expected to improve as traffic increases, although it currently stands above 90% due to the derailment costs; adjusted figures suggest an OR closer to 70% [4][6]. - The company typically spends around $500 million per quarter in capital expenditures, leading to an expected free cash flow (FCF) yield of 4.1%, which is higher than the current 3% due to derailment costs [8]. Investment Outlook - The current price-to-earnings (PE) ratio is 34, but the forward PE is projected to be below 22, suggesting that Norfolk's earnings could be higher than expected, potentially reaching close to $12 per share [8][9]. - The company’s dividend payout ratio is currently affected by the derailment costs but typically ranges from 30% to 35%, indicating a stable return for investors [8].

I The F i I t I ANTELY T 1 A 2018 12:57 TID yangphoto It's becoming obvious that the U.S. is going to need to generate substantially more power than it is today. Southern Company (NYSE:SO) is well positioned to answer the challenge. The Buy Thesis Southern Company is trading at a reasonably cheap valuation that does not account for its future growth rate. Specifically, I think the market is missing three key aspects: 1. Current mix of energy production facilitates cheap cost per MW on new builds 2. 9.5 GW c ...

"My team and I are very excited to join the Bank of Southern California," said Ayub Kathrada, Executive Vice President, Regional Manager of Bank of Southern California. "We believe the Los Angeles-area market provides a wonderful opportunity for relationship-based banking and we look forward to contributing to the Bank's growth." Ayaz Dadabhoy, FVP, Portfolio Manager, brings more than 25 years of banking experience and a history of growing a middle-market loan portfolio through both existing and new relatio ...

ATLANTA, July 2, 2024 /PRNewswire/ -- Southern Company plans to release its earnings for the second quarter of 2024 by 7:30 a.m. EST on Thursday, August 1, 2024. Southern Company Chairman, President and Chief Executive Officer Christopher C. Womack and Chief Financial Officer Daniel S. Tucker will discuss earnings during a conference call for financial analysts at 1 p.m. EST on Thursday, August 1. Investors, media and the public may listen to a live webcast of the conference call at https://investor.souther ...