The Southern Company (SO) has been a major player in the current investment news cycle. Various finance firms have adjusted their price targets, with
Morgan Stanley reducing theirs and
Jefferies and
Raymond James giving SO an upgrade due to growth prospects. The company has hiked its dividend for the
24th successive year, achieving an annualized rate increase to
$2.96 per share. The company's equity return of 12% combined with its ability to power
long-term optimism makes it a potential asset for long-term passive income. Its Q1 2025 earnings beat estimates, with market speculations indicating that it might remain unfeasibly difficult to buy into SO on the cheap. Despite market fluctuations, the company's data center expansion catalyzes stronger investment interests. However,
KeyBanc has downgraded the company to underweight. Amidst the variable analyst predictions, there are rumors of the company unveiling a
$1.25B debt refinancing plan facilitated by new convertible notes, alongside a possible future stock outperforming the Dow and Nasdaq. The company is digitally transforming being a key power source for the
PGA TOUR's media facility, has upsized its
convertible notes offering to $1.45 billion, and is reportedly planning to fast-track energy innovation with
EPRI.
The Southern Company SO News Analytics from Wed, 18 Sep 2024 07:00:00 GMT to Fri, 20 Jun 2025 16:45:00 GMT -
Rating 6
- Innovation 5
- Information 8
- Rumor -7
