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Southern Company: How One Of The Best Utilities Could Return Over 10% Per Year
Seeking Alpha· 2024-03-13 18:58
choness/iStock via Getty ImagesIntroduction When I started to get more serious about dividend investing in 2019/2020 (that's when I went all-in), I made one mistake. That mistake was underestimating the Southern Company (NYSE:SO). Although I never disliked the company, I did not buy it for my personal account, as I wanted exposure to faster-growing areas like renewables. Thankfully, I turned much more bullish on Southern Company in recent years, as it is far from a boring utility. Sure, utilities, in ge ...
Meena Beyers of Nicor Gas to Speak at SXSW 2024
Prnewswire· 2024-03-08 15:00
Energy Industry Veteran Innovator Talks Climate Innovation AUSTIN, Texas, March 8, 2024 /PRNewswire/ -- Nicor Gas announced today that Meena Beyers, vice president of Community and Business Development for Nicor Gas, will be a featured speaker at the SXSW session entitled, "Solving for the Climate Crisis: One Startup at a Time." The session will discuss innovative ways of addressing climate change. Beyers' session, part of SXSW x Midwest House's Chicago Day, will take place on March 9, 2024, from 3-4pm CT a ...
Southern Co. (SO) Ascends But Remains Behind Market: Some Facts to Note
Zacks Investment Research· 2024-03-08 00:21
In the latest market close, Southern Co. (SO) reached $69.25, with a +0.98% movement compared to the previous day. The stock's performance was behind the S&P 500's daily gain of 1.03%. Elsewhere, the Dow gained 0.34%, while the tech-heavy Nasdaq added 1.51%.The the stock of power company has risen by 2.43% in the past month, lagging the Utilities sector's gain of 2.77% and the S&P 500's gain of 3.21%.Investors will be eagerly watching for the performance of Southern Co. in its upcoming earnings disclosure. ...
Georgia Power strengthens reliability for customers, marks high performance in 2023
Prnewswire· 2024-03-07 14:57
Continued investments in "smarter grid" result in fewer power outages and quicker restoration times  ATLANTA, March 7, 2024 /PRNewswire/ -- Georgia Power continues to build the future of energy by making valuable investments in Georgia's energy grid to make it stronger and more resilient for customers. Over the past 10 years, the company has invested more than $10 billion in strengthening the power grid through programs and initiatives approved by the Georgia Public Service Commission (PSC). Georgia Power c ...
Southern Co. (SO) Stock Slides as Market Rises: Facts to Know Before You Trade
Zacks Investment Research· 2024-03-02 00:16
Southern Co. (SO) closed the latest trading day at $66.86, indicating a -0.58% change from the previous session's end. The stock's change was less than the S&P 500's daily gain of 0.8%. Elsewhere, the Dow saw an upswing of 0.23%, while the tech-heavy Nasdaq appreciated by 1.14%.The the stock of power company has fallen by 4.61% in the past month, lagging the Utilities sector's gain of 0.14% and the S&P 500's gain of 5.2%.Market participants will be closely following the financial results of Southern Co. in ...
Vogtle Unit 4 connects to electric grid for the first time
Prnewswire· 2024-03-01 20:00
Milestone in startup testing marks first generation of electricity from Unit 4 ATLANTA, March 1, 2024 /PRNewswire/ -- Georgia Power announced today that Unit 4 at the Vogtle nuclear expansion project near Waynesboro, Georgia, has achieved another major milestone in startup testing by generating electricity and successfully synchronizing and connecting to the electric grid for the first time. This milestone follows initial criticality, reached on February 14, when operators safely started the nuclear reactio ...
Southern Co. (SO) Nuclear Plant Achieves Initial Criticality
Zacks Investment Research· 2024-02-19 19:36
U.S.-based, The Southern Company (SO) has announced that Unit 4 at its Vogtle Nuclear plant has reached initial criticality. This is a crucial step in the start-up testing sequence. The company also mentioned that the initial criticality stage has been reached safely, which means operators have started the nuclear reaction inside the reactor for the first time. The nuclear fuel in the reactor will split the atoms and generate heat, which will be used to produce steam later.Following this achievement, Vogtle ...
Southern (SO) Q4 Earnings Beat on Lower Costs, Sales Miss
Zacks Investment Research· 2024-02-19 14:10
Power supplier The Southern Company (SO) reported fourth-quarter 2023 earnings per share (excluding certain one-time items) of 64 cents, ahead of the Zacks Consensus Estimate of 59 cents and significantly above the year-ago adjusted profit of 26 cents. The outperformance reflects lower-than-expected operating expenses to go with the positive effects of weather, rates, usage and pricing changes.Meanwhile, the utility reported revenues of $6 billion. The top line missed the Zacks Consensus Estimate of $7.7 bi ...
Southern Company(SO) - 2023 Q4 - Earnings Call Transcript
2024-02-15 19:32
The Southern Company (NYSE:SO) Q4 2023 Earnings Conference Call February 15, 2024 1:00 PM ET Company Participants Scott Gammill - Vice President-Investor Relations & Treasurer Chris Womack - Chairman, President & Chief Executive Officer Dan Tucker - Chief Financial Officer Conference Call Participants Shar Pourreza - Guggenheim Partners Steve Fleishman - Wolfe Research Carly Davenport - Goldman Sachs Julien Dumoulin-Smith - Bank of America Nick Campanella - Barclays David Arcaro - Morgan Stanley Jeremy Tone ...
Southern Company(SO) - 2023 Q4 - Earnings Call Presentation
2024-02-15 17:44
>90% of Earnings from state-regulated utilities Customer +8¢ +8¢ Strong near-term adjusted EPS projections and a clean, simple growth story * Future dividends are subject to approval of the Southern Company Board of Directors and depend on earnings, financial condition and other factors. 2002 2023 2020 Southern Company's weighted average long-term debt maturity is over 16 years | --- | --- | --- | --- | --- | |---------------------------------|--------|------------------|--------|-----------| | Long-term De ...