mgstudyo Overview I always find it cool that you're able to invest your money in things that increase the quality of our lives. I strongly believe that The Southern Company (NYSE:SO) is one of those businesses because everyone benefits from electricity. A bonus is that these types of businesses are usually cash intensive since everyone typically pays for this utility and therefore, the dividend is usually consistent. The Southern Company is "involved in the generation, transmission, and distribution of elec ...

Southern Co. (SO) closed the most recent trading day at $69.11, moving -0.19% from the previous trading session. The stock trailed the S&P 500, which registered a daily loss of 0.07%. On the other hand, the Dow registered a gain of 0.16%, and the technology-centric Nasdaq decreased by 0.36%.Coming into today, shares of the power company had lost 1.31% in the past month. In that same time, the Utilities sector lost 6.48%, while the S&P 500 gained 3.05%.The investment community will be closely monitoring the ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Southern Co. (SO) . This company, which is in the Zacks Utility - Electric Power industry, shows potential for another earnings beat.This power company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 7.17%.For the most ...

Companies to invest in harvesting plant to beneficially reuse millions of tons of coal ash to be used in Green Cement across the Southeast region SOUTH JORDAN, Utah and MOBILE, Ala., Jan. 25, 2024 /PRNewswire/ -- Eco Material Technologies ("Eco Material" or the "Company"), the leading producer of sustainable cementitious materials and near-zero carbon cement replacement products in North America, announced today a collaboration with Alabama Power, a subsidiary of Southern Company, to harvest millions of to ...

ATLANTA, Jan. 18, 2024 /PRNewswire/ -- Southern Company today announced a regular quarterly dividend of 70 cents per share on the company's common stock, payable March 6, 2024 to shareholders of record as of February 20, 2024. Every quarter for more than 75 consecutive years, Southern Company has paid a dividend to its shareholders that is equal to or greater than the previous quarter. About Southern CompanySouthern Company (NYSE: SO) is a leading energy provider serving 9 million customers across the South ...

Southern Co. (SO) closed the latest trading day at $71.42, indicating a +1.19% change from the previous session's end. The stock's change was more than the S&P 500's daily gain of 0.08%. Elsewhere, the Dow lost 0.31%, while the tech-heavy Nasdaq added 0.02%.Prior to today's trading, shares of the power company had lost 1.29% over the past month. This has was narrower than the Utilities sector's loss of 4.22% and lagged the S&P 500's gain of 3.52% in that time.The investment community will be closely monitor ...

ATLANTA, Jan. 10, 2024 /PRNewswire/ -- Southern Company plans to release its earnings for the fourth quarter of 2023 by 7:30 a.m. EST on Thursday, February 15, 2024. Chairman, president and CEO Christopher C. Womack and CFO Daniel S. Tucker will discuss earnings during a conference call for financial analysts at 1 p.m. EST on Thursday, February 15. Investors, media and the public may listen to a live webcast of the conference call at https://investor.southerncompany.com/events-and-presentations/default.aspx ...

Southern Company (SO -0.06%) just did something rare in the U.S. electricity market: It brought a large-scale nuclear power plant on line. It was the first time that has been done in over three decades. And the utility is about to do it again, in early 2024, when it attaches a second nuclear power plant to the grid. This is a huge event for investors looking at Southern, but there's a bigger story here that needs to be discussed before you buy the stock.Southern's nuclear success was hard wonTo say that Sou ...

The Southern Company (SO -0.46%) is one the largest regulated utilities in the United States. It has an enviable track record when it comes to rewarding investors, noting the 22 consecutive years of annual dividend increases it has under its belt. But for the last decade the business has been overshadowed by a massive capital investment project. The next three years should be very different.Southern is almost done with VogtleThe biggest news in 2023 for Southern was that it brought Vogtle Unit 3 online. Thi ...

Financial Data and Key Metrics Changes - For Q3 2023, adjusted earnings were $1.42 per share, which is $0.12 higher than estimates and $0.11 higher than the previous year [53] - For the nine months ended September 30, 2023, adjusted earnings per share were $3.01, down from $3.35 for the same period in 2022, primarily due to mild weather conditions [54][55] - The adjusted estimate for Q4 is $0.59 per share, implying a full-year result of approximately $3.60 on an adjusted basis [56] Business Line Data and Key Metrics Changes - Southern Power announced the acquisition of two solar facilities, adding to a portfolio of 5,500 megawatts of carbon-free generating capacity [14] - Alabama Power's Barry Unit 8, a 720-megawatt combined cycle unit, was successfully placed in service on schedule and on budget [15] Market Data and Key Metrics Changes - Year-to-date 2023 weather-normal retail electricity sales were approximately 0.5% lower than the first nine months of 2022 [57] - Approximately 35,000 electric customers and 19,000 gas customers were added year-to-date, trends that continue to outpace pre-pandemic levels [57] Company Strategy and Development Direction - Georgia Power is proposing additional investments in its integrated resource plan (IRP) to ensure resilience, reliability, and flexibility for customers [7] - The company aims to reach net zero by 2050 and has signed a memorandum with the U.S. General Services Administration to develop carbon-free electricity solutions [8] Management's Comments on Operating Environment and Future Outlook - Management expressed excitement about economic growth in the Southeast and the role of utilities in attracting new jobs and investments [6] - The company anticipates a shift in electricity sales growth to a mid- to high single-digit range over the next five years due to new data-centric businesses and manufacturing facilities [59] Other Important Information - The Georgia Public Service Commission is expected to vote on the Vogtle Unit 3 and 4 cost recovery application on December 19 [66] - Management highlighted the importance of maintaining a sustainable payout ratio for dividends, aiming for a ratio that starts with a six to support higher growth rates [107] Q&A Session Summary Question: Discussion on CapEx and ownership opportunities in Alabama - Management indicated that the CapEx upside is additional to existing plans and that ownership will be a mix of owned and third-party PPAs [19][22] Question: Outlook for 2024 amidst headwinds and load growth - Management stated it is premature to provide guidance for 2024, with a focus on assessing economic development activities and interest rate headwinds [27][28] Question: Update on Vogtle Unit 4 pump issue - Management confirmed that the pump replacement process is underway and expressed confidence in the timeline for bringing the unit online [63][70] Question: Impact of load growth on CapEx and customer bills - Management noted that the new customers are expected to use electricity consistently, which will provide sufficient revenue to cover capital investments [75] Question: Interest rate sensitivities and management strategies - Management discussed strategies to mitigate interest rate impacts, including creative financing approaches [44] Question: Update on Georgia elections and implications for Southern Company - Management indicated that the Rose case is still pending and that they cannot predict the outcomes of upcoming elections [88][90] Question: Future of natural gas supply and infrastructure - Management is actively working on expanding pipeline capacity to meet customer demands [92] Question: Green hydrogen's role in the IRP - Management is exploring opportunities for green hydrogen as part of their renewable resource strategy [94] Question: Management changes at Alabama Power - Management clarified that recent leadership changes are due to retirements and succession planning, not indicative of larger issues [102]