Southern Company
- Industry
- Electric Utilities
- Exchange
- US
- Country
- USA
- IPO date
- Dec 31, 1981
- Employees
- 29,502
- Website
- www.southerncompany.com
Composite valuation range · conservative $45–$60 / fair $70–$85 / optimistic $95–$115. At $96.48, Within the optimistic intrinsic-value range · much expectation priced in.
At publication $94.55 (May 25, 2026)
Data from EODHD, shown in the reporting currency; for reference only, not investment advice.
The Southern Company, through its subsidiaries, engages in the sale of electricity. The company offers electric service to retail customers and wholesale customers; and energy-related products and services to natural gas choice markets. It also develops, constructs, acquires, owns, operates, and manages power generation assets, as well as battery energy storage projects; sells electricity at market-based rates in the wholesale market; and deploys microgrids for commercial, industrial, governmental, and utility customers. In addition, the company is involved in the distribution of natural gas in Illinois, Georgia, Virginia, and Tennessee; distributes energy and resilience solutions; and invests in telecommunications. The Southern Company was incorporated in 1945 and is headquartered in Atlanta, Georgia.
History
The Southern Company was incorporated in 1945 and is headquartered in Atlanta, Georgia. It went public with an IPO dated December 31, 1981. As a holding company, it operates through subsidiaries including the traditional electric utilities Alabama Power, Georgia Power, and Mississippi Power. The company has raised its dividend for 25 consecutive years and has not paid a dividend below the prior year for 79 years, and in April 2026 it increased its annualized dividend to $3.04 per share. Its Vogtle units 3 and 4 have been placed in service and entered the rate base.
Industry position
Southern Company is a U.S. regulated electric and gas utility holding company headquartered in Atlanta, with subsidiaries including Alabama Power, Georgia Power, Mississippi Power, Southern Power (wholesale generation), Southern Company Gas (state-regulated gas distribution), and PowerSecure. Per its May 2026 overview, its electric business serves 4.6 million customers and its gas distribution business serves 4.4 million, roughly 9 million total, with system installed capacity around 46,000 MW; it also distributes natural gas in Illinois, Georgia, Virginia, and Tennessee. In 2025 revenue was about $29.6 billion, with over 90% of profit from state-regulated electric and gas utilities, and the company employs 29,502 people. Data center sales grew about 42% year over year in the first quarter of 2026.