The Southern Company (SO) has had a robust and eventful year, with many vital developments, coupled with market variations. Throughout the year, the company displayed strong earnings and growth outlook, targeting a 6% EPS growth in 2025. Fostering a culture of growth and expansion, the company reported its
final quarter and
full-year earnings for 2024, showing a substantial profit. The full-year earnings reached $4.4B in 2024, according to recent analysis. However, Q4 earnings lagged estimates, with the company highlighting booming utility growth boosting revenue, but concessions granted that rising costs impinged profits.
Strategic investments, a capital investment plan of $63B, increased capital spending by 30% through 2030 owing to surging electricity demand. The company is now eyeing to meet Georgia's energy needs, showcasing their commitment to near-term and long-term growth, even amidst challenges.Investor sentiments showed a bullish outlook as Southern Company's stock gained following its Q4 revenue topping market estimates. Contrarily, price target was raised from $85 to $90 at Mizuho and from $93 to $95 by Wells Fargo. Yet, there were moments of decline, causing potential concern for investors. Pivotal changes in leadership and board members were announced, adding a new dynamic to the company's leadership. Further, the company increased its dividend for the 23rd consecutive year as part of its long-term income strategy for shareholders.
The Southern Company SO News Analytics from Mon, 22 Apr 2024 07:00:00 GMT to Sat, 22 Feb 2025 13:21:26 GMT -
Rating 8
- Innovation 6
- Information 7
- Rumor -5
