The Southern Company (SO)
Utilities · Regulated Electric · Data as of 2026-10-22
Bottom line
SO is trading near its usual valuation, near its historical support zone, and recent volume suggests money flowing in. Historically, this combination has been a favourable starting point for further research. Past patterns are not a guarantee of future results.
Valuation — Trading near its usual range (Yellow)
SO trades at 22× earnings, roughly in line with its own 5-year average of 21× and roughly in line with similar utilities companies we track (21×, 31 peers). That is roughly what the market has typically paid for this stock. Its free-cash-flow yield is about 2.5%. Growth is slower than its 3-year pace, which deserves some caution. Its current multiple sits around the 39th percentile of its own last five years — toward the low end of its own range. About 54% of its reported earnings arrived as free cash over the last year.
Price zones — Near its historical support zone (Green)
At $93.82, the stock is close to the lower end of its recent range. Over the past year SO has traded between $81.69 and $99.58; its historical support zone sits near $92.27 and resistance near $99.58. It is above both its 50- and 200-day averages, which has historically signalled an uptrend.
52-week range $81.69–$99.58 · 50-day average $87.73 · 200-day average $92.27
Money flow — Money is flowing in (Green)
Recent trading in SO shows more volume on rising days than falling days, a pattern often described as accumulation. Volume on up days has been about 1.1× volume on down days over the last 30 sessions.
Dividends & company facts
SO paid $3.76 a share in dividends over the past year — 4.0% of today's price — and has raised it in each of the last five years.
- Dividend yield (12 months)
- 4.01%
- Paid over 12 months
- $3.76 a share
- Payout ratio
- 66.6%
- Shares, past year
- +3.3%
- Revenue, 12 months
- $30.2B
- Profit, 12 months
- $4.7B
- Employees
- 29,651
- CEO
- Christopher C. Womack
- Headquarters
- Atlanta, GA
- Listed since
- 1981 · NYSE
About the company
The Southern Company operates as an energy utility, primarily involved in the production, transmission, and distribution of electricity. Its operations are segmented into Gas Distribution Operations, Gas Pipeline Investments, Wholesale Gas Services, and Gas Marketing Services. The company also undertakes the development, construction, acquisition, ownership, and management of various power generation assets, including renewable energy ventures, and supplies electricity to the wholesale market.
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一句话结论
SO 估值接近其惯常水平，接近其历史支撑区，近期成交量显示资金正在流入。从历史来看，这样的组合是一个值得进一步研究的有利起点。过去的形态并不能保证未来的结果。
估值 — 处于其惯常的估值区间
SO 目前的市盈率为 22×，大致持平于其自身 5 年平均的 21×，并且大致持平于我们追踪的同类Utilities公司（21×，31 家）。这大致就是市场以往为这只股票所付出的水平。其自由现金流收益率约为 2.5%。增速已慢于其 3 年的平均步伐，这一点值得留意。它当前的估值倍数大约位于自身过去五年分布的第 39 百分位——处于自身区间的偏低位置。过去一年，其报告利润中约有 54% 转化为自由现金。
价格区间 — 接近其历史支撑区
目前价格为 $93.82，接近其近期区间的下沿。过去一年 SO 的价格在 $81.69 到 $99.58 之间波动；其历史支撑区在 $92.27 附近，阻力区在 $99.58 附近。它同时位于 50 日和 200 日均线上方，这在历史上通常对应上升趋势。
资金流向 — 资金正在流入
SO 近期上涨日的成交量高于下跌日，这种形态常被称为吸筹。过去 30 个交易日，上涨日的成交量约为下跌日的 1.1×。
股息与公司概况
SO 过去一年每股派息 3.76 美元，相当于当前股价的 4.0%，过去五年每年都有上调。
UnderTheLight 用直白的语言解释股票——估值、价格区间与资金流向。它只描述数据，不构成任何投资建议。
UnderTheLight explains stocks in plain English — valuation, price zones and money flow as traffic lights, recomputed nightly. It describes data; it is not investment advice and never recommends a trade.