The attention on Southern Company (SO) has been spiked with several industry developments. The company has managed to increase its dividend for the 24th consecutive year, reaching an annualized rate of $2.96 per share. An significant move, they unveiled a $1.25B Debt Refinancing Strategy through New Convertible Notes, magnified to a $1.4B offering. The company has also been actively involved in power agreements with the PGA TOUR for their 165,000-sq-ft media facility. SO's first-quarter 2025 earnings have been reported, and the Q1 earnings exceeded estimates, reinforcing investor confidence. Opinions on the attractiveness of SO's stock fluctuated with some thinning it's not enticing, while others identify it as a safe bet.
Where some see Southern Company as a prime defensive stock during market volatility, others have downgraded its stock to underweight. A growing debate swirls around whether it is outperforming the NASDAQ or S&P 500. Despite some analysts predicting a drop in the stock, the company is viewed positively by institutional owners, holding 69% of the company.
The Southern Company SO News Analytics from Tue, 15 Oct 2024 07:00:00 GMT to Fri, 23 May 2025 10:28:00 GMT - Rating 6 - Innovation 0 - Information 5 - Rumor -3
