Southern Company operates regulated electric and gas utilities serving 9 million customers across Georgia, Mississippi, Alabama, and the Carolinas, plus a wholesale generation business. The company benefits from a captive customer base and cost-of-service regulation that allows it to recover capital investments and earn a regulated return, creating predictable cash flows. Growth hinges on capital deployment into grid modernization and renewable generation, with the company targeting $40 billion in cumulative capex through 2028. The forward PE of 17.5x is reasonable for a utility with mid-single-digit earnings growth, but the 0.1% revenue growth and 11.5% ROE suggest the business is mature and capital-constrained. The thesis works only if you believe Southern Company can execute its renewable build-out faster than peers and convince regulators to approve higher returns on that incremental investment, a bet that requires conviction on both execution and regulatory tailwinds that are not yet visible in the numbers.
Plain-English pros, cons, and what to watch. Pro feature.
See what each model says, the assumptions behind it, the bad, normal and good cases, and why the fair value changed.
The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.
The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.
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Follow the informed money: 13F position changes, insider and Congress trades, and 13D activist filings.
| Date | Type | New | Previous | Price |
|---|---|---|---|---|
| 19 Oct 2026, 19:04 CEST | Fair value | $67.60 | $69.98 | $91.18 |
| 19 Oct 2026, 19:04 CEST | Rating | Overvalued | first publication | $91.18 |
| 15 Oct 2026, 00:00 CEST | Fair value | $69.98 | $74.57 | $88.11 |
| 11 Oct 2026, 00:00 CEST | Fair value | $74.57 | $71.47 | $86.17 |
| 28 Sept 2026, 00:00 CEST | Fair value | $71.47 | $72.95 | $82.88 |
| 19 Sept 2026, 00:00 CEST | Fair value | $72.95 | $74.14 | $86.76 |
| 18 Sept 2026, 00:00 CEST | ACCE price target | $86.00 | first publication | $86.76 |
| 14 Sept 2026, 00:00 CEST | Fair value | $74.14 | $75.50 | $87.17 |
| 31 Aug 2026, 00:00 CEST | Fair value | $75.50 | $71.17 | $88.25 |
| 29 Aug 2026, 00:00 CEST | Fair value | $71.17 | $69.87 | $88.54 |
Answered from Southern Company (The) Common Stock fundamentals + recent valuations. Every number shows its source and date.
| Company | Price | Fair value | vs fair value | P/E | ROE | Quality | Score |
|---|---|---|---|---|---|---|---|
| SO Southern Company (The) Common Stock | $92.89 | $68 | 37% above | 22.4x | 11.5% | 64 | 56 |
| DUK Duke Energy Corporation (Holding Company) Common Stock | $125.40 | $103 | 22% above | 18.2x | 9.9% | 64 | 52 |
| NGG National Grid Transco PLC National Grid PLC (NEW) American Depositary Shares | $82.64 | - | - | 18.8x | 8.4% | 73 | 54 |
| NG.L National Grid | £12.24 | - | - | 18.8x | 8.4% | 73 | 54 |
| AEP American Electric Power Company Inc. Common Stock | $130.64 | $146 | 10% below | 22.6x | 10.1% | 60 | 53 |
| NEE NextEra Energy Inc. Common Stock | $81.90 | $60 | 38% above | 14.8x | 11.7% | 71 | 60 |
| D Dominion Energy Inc. Common Stock | $65.40 | $44 | 49% above | 22.6x | 8.3% | 64 | 57 |
Where SO ranks against its sector peers on each metric.