SO · NYQ S&P 500

The Southern Company

Utilities · Utilities - Regulated Electric

$93.65 +$0.08 (+0.09%) today

Closing price on Nov 10, 2026 · Source: Yahoo Finance

Consensus of 23 analysts

Hold

Median price target $96.50 +3.0%

Open: $92.92
Day range: 92.50 – $94.15
52-week range: 81.69 – $99.58
Volume: 4,443,719
Market cap: $109,033M
P/E (TTM): 21.4x
EPS (TTM): $4.38
EPS est. 2026: $4.63
P/E est. 2026: 20.2x
Dividend yield: 3.2%
Beta: 0.29
Payout: 68%

Southern financials

Q3 2026 results, quarter ended Sep 30, 2026

Metric	Q3 2026	1-year change
Total revenue	$8,843M	+13.0%
Net income	$2,046M	+19.6%
Earnings per share	$1.76	+14.3%
Net margin	23.1%	+1.3 pp
Free cash flow	$39M	−92.6%
Debt / equity	1.80	−14.8%

Revenue and net income ($M)

Total revenueNet income

Quarter	Total revenue	Net income
Q3 2025	$7,823M	$1,711M
Q4 2025	$6,981M	$416M
Q1 2026	$8,397M	$1,356M
Q2 2026	$6,977M	$1,174M
Q3 2026	$8,843M	$2,046M

Southern earnings per share (EPS)

Consensus estimates

Period	EPS est.	1-year change
Current quarterQ4 2026 · Analysts: 4	$0.3100.30 – 0.32	−43.6%$0.550
Next quarterQ1 2027 · Analysts: 9	$1.3421.24 – 1.42	+1.7%$1.320
Current year2026 · Analysts: 22	$4.6314.55 – 4.71	+7.7%$4.300
Next year2027 · Analysts: 21	$4.9344.84 – 5.05	+6.6%$4.631

Forward P/E: 20.2x (2026) and 19.0x (2027) at the current price.

Actual and estimated EPS ($)

Actual EPSEstimated EPS

Quarter	Actual EPS	Estimated EPS
Q3 2025	$1.540	—
Q4 2025	$0.550	$0.558
Q1 2026	$1.320	$1.213
Q2 2026	$1.130	$1.011
Q3 2026	$1.940	$1.707
Q4 2026	—	$0.310
Q1 2027	—	$1.342

Year	Actual EPS	Estimated EPS
2022	$3.260	—
2023	$3.620	—
2024	$3.990	—
2025	$3.920	—
2026	—	$4.631
2027	—	$4.934

EPS trend

Quarter	EPS	YoY change
Q1 2027Estimated	$1.342	+1.7%
Q4 2026Estimated	$0.310	−43.6%
Q3 2026	$1.940est. $1.707 · surprise +13.7%	+26.0%
Q2 2026	$1.130est. $1.011 · surprise +11.8%	n/a
Q1 2026	$1.320est. $1.213 · surprise +8.9%	n/a
Q4 2025	$0.550est. $0.558 · surprise −1.4%	n/a
Q3 2025	$1.540	n/a

Year	EPS	Annual change
2027Estimated	$4.934	+6.5%
2026Estimated	$4.631	+18.1%
2025	$3.920	−1.8%
2024	$3.990	+10.2%
2023	$3.620	+11.0%
2022	$3.260	n/a

Normalised EPS according to the analyst consensus collected by Yahoo Finance; it may differ from the reported EPS in the results table.

Southern dividend

Yield and payments

Dividend yield (TTM)	3.2%
Forward yield (next 12m)	3.2%
Dividend per share (TTM)	$3.00
Forward dividend (next 12m)	$3.04
Payout (TTM)	68%
Last dividend	$0.76Aug 17, 2026
Next ex-dividend date	Nov 16, 2026

Dividend per share by year ($)

PaidEstimated

Year	Dividend per share
2019	$2.46
2020	$2.54
2021	$2.62
2022	$2.70
2023	$2.78
2024	$2.86
2025	$2.94
est. 12m	$3.04

Southern forecasts

23 analyst ratings

Buy35% Hold52% Sell13%

Consensus: Hold · 8 buy, 12 hold, 3 sell

1-year price forecast

Share price Price target (high, median, low)

12-month price targets
Target	Price	Upside
High	$115.00	+22.8%
Median	$96.50	+3.0%
Low	$74.00	−21.0%

Monthly close (last 12 months)
Date	Close
Nov 28, 2025	$91.12
Dec 31, 2025	$87.20
Jan 30, 2026	$89.31
Feb 27, 2026	$97.38
Mar 31, 2026	$96.52
Apr 30, 2026	$96.70
May 29, 2026	$92.05
Jun 30, 2026	$95.71
Jul 31, 2026	$94.54
Aug 31, 2026	$88.00
Sep 30, 2026	$82.89
Oct 30, 2026	$93.71
Nov 10, 2026	$93.65

Southern peers

Ticker	Company	Market cap ($M)	P/E	Price ($)	1-day change	52-week range
SO	Southern	109,033	21.4x	93.65	+0.09%	81.6999.58
NEE	NextEra Energy	180,935	15.5x	86.27	−0.68%	74.4198.75
DUK	Duke Energy	100,536	18.9x	128.94	+0.66%	112.40134.49
AEP	American Electric Power	69,612	20.9x	127.84	+0.38%	112.54140.58
D	Dominion Energy	60,136	22.6x	68.37	+0.19%	55.8572.99
ETR	Entergy	53,378	25.6x	111.71	−0.07%	90.87118.45