43.00 -0.11 (-0.26%)
After hours: 7:04PM EDT
|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||43.02 - 44.18|
|52 Week Range||42.38 - 53.51|
|PE Ratio (TTM)||51.32|
|Earnings Date||May 1, 2018 - May 7, 2018|
|Forward Dividend & Yield||2.32 (5.29%)|
|1y Target Est||45.95|
Southern Company (SO) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Georgia-based Southern Company (SO), the second-largest regulated utility in the country, is currently trading at a yield of 5.3%. Southern Company’s yield has not fallen below the industry average in more than five years. Although Southern Company is trading at an attractive yield, its dividend growth rate in the last five years was well below its peers.
On March 21, 2018, the Fed, under the chairmanship of Jerome Powell, delivered its first 2018 rate hike of a quarter of a point. Utilities, which are generally perceived as rate-sensitive, continue to be the yield leaders in the broader markets. The Utilities Select Sector SPDR ETF (XLU), which tracks the S&P 500 Utilities Index, is currently trading at a dividend yield of 4.3%, while the broader markets are currently yielding 1.8%.
ATLANTA, March 20, 2018 /PRNewswire/ -- Today is the first day of Spring and Georgia Power reminds customers to spring into energy savings by focusing on energy efficiency throughout the house. Spring is a great time to evaluate home energy usage and make adjustments and upgrades that can deliver big savings during the heat of summer. Focus on the Fridge: Proper cleaning and maintenance of the refrigerator, such as dusting the dirt from refrigerator coils and removing food to allow air to circulate, can reduce its energy consumption.
Company offers safety, preparation information and outage resources for customers ATLANTA , March 19, 2018 /PRNewswire/ -- With the threat of severe weather, including heavy thunderstorms and possible ...
ATLANTA, March 13, 2018 /PRNewswire/ -- Georgia Power has added 970 MW* of solar capacity in Georgia in recent years and plans to continue this renewable energy growth throughout 2018. A national leader in developing cost-effective renewable energy resources to serve customers, the company works with the Georgia Public Service Commission (PSC) to introduce new renewable programs, products and services to benefit all customers. Most recently under these programs, Georgia Power awarded power purchase agreements (PPAs) for 510 MW of new solar projects to be built as part of the company's Renewable Energy Development Initiative (REDI).
On average, utilities (XLU) are expected to increase their dividend per share 4%–6% for the next few years—in line with their earnings growth. Interestingly, NextEra Energy’s (NEE) above average dividend growth is expected to continue for the next few years—mainly because of its higher earnings growth. NextEra Energy is aiming for annual dividend growth of ~13% for the next few years.
U.S. tax reform is going to result in generating savings of around $1.2 billion for Southern Company's (SO) subsidiary, Georgia Power's customers.
"Developing the Smart Neighborhood is just one of the ways that we are staying at the forefront of emerging technology while ensuring that we are prepared to continue to meet our customers' changing energy needs," said Pedro Cherry, executive vice president of customer service and operations for Georgia Power.