The Southern Company (SO) has materially reported on numerous fronts. The Company significantly extended its dividend for the 23rd successive year, with an annualized rate ascending to $2.88 per share, exhibiting a persistent commitment to shareholders. Notably, for Q1 2024, their Earnings Call Transcript signaled positive growth. SO also managed to surpass earnings expectations, leading to positive speculation on future direction. There are predictions the company will fare considerably better in the coming three years. Their Q4 earnings report showed an upward trend, while successfully managing an upsize and pricing of $1.3 billion of Series 2024A at 4.50. The company made a significant offering of $1.1 billion in aggregate principal amount of Convertible Senior Notes. While their Vogtle Unit 3 faced delay due to COVID-19, the company bounced back with Q4 revenue outperforming estimates. With a Return on Equity at 9.6%, the company's stock demonstrated a downfall in the broader market leading to potential undervaluation at 22%. Nonetheless, it was noted for decreased operating expenses and upon analyses, their stock can be considered a utility gem due to a strong start in 2024. Lastly, the company has been awarded first place among Utilities in Fortune Magazine's World's Most Admired Companies for 2024.
The Southern Company SO News Analytics from Thu, 03 Aug 2023 07:00:00 GMT to Sun, 12 May 2024 21:09:51 GMT -
Rating 8
- Innovation 4
- Information 7
- Rumor 2
