Since that point, things have been going better. The first reason can be found on the company's balance sheet. If you are a conservative investor, an ETF makes a lot of sense. However, it has significantly underperformed both the S&P 500 and the Utilities Select Sector ETF (NYSEMKT:XLU) on a total return basis in large part because of a huge albatross around its neck: Developing the Vogtle nuclear plant. The company was founded in 1945 and is based out of Atlanta, GA. Southern Company is subject to substantial regulation from federal, state and local regulatory agencies, and its costs of compliance with environmental laws are Find real-time SO - Southern Co stock quotes, company profile, news and forecasts from CNN Business. These deals have helped The Southern Company to streamline its portfolio, pay for new reactors for its Vogtle Project, and raise cash for debt repayments. Furthermore, you should look at expert predictions about the future of the company, which is especially important if you want to add a dividend stock to your portfolio that will remain solid in the long-term.
The most important questions for many investors are whether a company has a high yield and if a company has a strong history in terms of dividend payouts. Which Leveraged Bond ETF is Right For You?
Southern Company stock is trading at a PE (price-to-earnings) valuation of 19x its estimated earnings for the next year. The Southern Company () is one of the largest utilities in the United States. SO Financial Debt to Equity (Quarterly) data by YCharts. Southern Company (SO) continues to progress toward completing the Units 3 and 4 of the Vogtle nuclear project by the November 2021 and November 2022 regulatory approved in-service dates. If you are a dividend-focused investor looking to add some diversification to your portfolio via a utility investment, The Southern Company should be on your short list. Skip to main content Market Activity
Market data powered by FactSet and Web Financial Group. Southern Company (SO) stock seems to have slowed down a bit recently after a 40% run so far this year. XLU represents the top utility stocks in the country. This implies a potential upside of just 1% based on its current market price of $227.50. If you do the math on that, the company has been reliably returning cash to investors since 1948. Seeking Alpha answers these questions with information about both the current yield and the history of dividend payouts. And the company was able to cover its trailing interest expenses by 3.3 times in the first quarter, better than its closest peers. Notably, it didn't change that number when it announced first-quarter earnings, despite the expected economic impact of the COVID-19 health crisis. Positive developments at Plant Vogtle led largely to Southern Company’s rally this year. That represents a potential upside of just 4% of the current market price of $60.70. Skip to Main Content Skip to Search Dow Jones, a News Corp company … But the relatively generous yield, coupled with a solid business and great history of returning value to shareholders via regular dividend increases, is worth the modest added risks here. Peer NextEra Energy (NEE) stock is trading at a PE of 25x, much higher than its historical average. However, investors seem to be keen on Plant Vogtle updates rather than the bottom line. The monopoly it has been granted in the areas it serves requires it to get regulator approval for rate changes. There's less execution risk with a pipeline, for sure, but neither Duke nor Dominion is risk-free. That said, Dominion and Duke are partners on a controversial project of their own, the Atlantic Coast Pipeline. Find the latest Southern Company (The) (SO) stock quote, history, news and other vital information to help you with your stock trading and investing. For more on this industry, please read Why Utilities Could Keep Smashing in the Fourth Quarter. However, if you are looking to be more engaged in your investment selections or are specifically seeking to generate current income, Southern still comes out looking pretty good.
Between then and 2017, the sector had 19 percent year-over-year growth.
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