--- title: "Southern (NYSE:SO) Updates FY 2028 Earnings Guidance" type: "News" locale: "en" url: "https://longbridge.com/en/news/294370037.md" description: "Southern Company (NYSE: SO) updated its FY 2028 earnings guidance, projecting EPS of $5.25-$5.45, aligning with consensus estimates. The company also revised FY 2026 EPS guidance to $4.50-$4.60. Additionally, Southern announced a quarterly dividend of $0.76 per share, payable on September 8th, representing a 3.2% yield. Recent analyst activity includes upgrades and price target increases from firms like Citigroup and Raymond James, while institutional investors such as Price T Rowe Associates increased their stakes." datetime: "2026-07-30T12:56:22.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294370037.md) - [en](https://longbridge.com/en/news/294370037.md) - [zh-HK](https://longbridge.com/zh-HK/news/294370037.md) --- # Southern (NYSE:SO) Updates FY 2028 Earnings Guidance Southern (NYSE:SO - Get Free Report) updated its FY 2028 earnings guidance on Thursday. The company provided earnings per share guidance of 5.250-5.450 for the period, compared to the consensus earnings per share estimate of 5.250. The company issued revenue guidance of -. Southern also updated its FY 2026 guidance to 4.500-4.600 EPS. ## Analyst Upgrades and Downgrades - Sony Is Going All-Digital—But Investors Should Watch This Instead Several research firms recently commented on SO. Citigroup reissued a "buy" rating on shares of Southern in a research note on Friday, April 10th. Raymond James Financial reissued an "outperform" rating and set a $104.00 price objective on shares of Southern in a research report on Friday, May 1st. BMO Capital Markets upped their target price on shares of Southern from $102.00 to $104.00 and gave the stock an "outperform" rating in a research note on Monday. JPMorgan Chase & Co. raised their target price on shares of Southern from $101.00 to $104.00 and gave the company a "neutral" rating in a report on Thursday, July 16th. Finally, Wall Street Zen upgraded shares of Southern from a "sell" rating to a "hold" rating in a report on Saturday, June 20th. Seven analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $100.21. **Get Our Latest Analysis on SO** ## Southern Trading Down 0.6% - Microsoft’s Xbox Problem Is Bigger Than a Console War Shares of Southern stock opened at $96.24 on Thursday. The company has a current ratio of 0.65, a quick ratio of 0.45 and a debt-to-equity ratio of 1.68. The company has a fifty day simple moving average of $94.59 and a 200-day simple moving average of $93.94. The stock has a market cap of $108.49 billion, a price-to-earnings ratio of 24.49, a PEG ratio of 1.86 and a beta of 0.34. Southern has a 12-month low of $83.80 and a 12-month high of $100.83. Southern (NYSE:SO - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.13 EPS for the quarter, topping the consensus estimate of $1.01 by $0.12. Southern had a net margin of 14.46% and a return on equity of 12.64%. The firm had revenue of $6.98 billion for the quarter, compared to analyst estimates of $7.23 billion. On average, equities analysts forecast that Southern will post 4.58 EPS for the current fiscal year. ## Southern Announces Dividend - How the Memory Shortage Is Crushing the Gaming Industry The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, August 17th will be issued a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Monday, August 17th. Southern's payout ratio is presently 77.35%. ## Institutional Investors Weigh In On Southern Several large investors have recently modified their holdings of SO. Price T Rowe Associates Inc. MD increased its stake in Southern by 18.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 34,459,462 shares of the utilities provider's stock valued at $3,004,866,000 after buying an additional 5,436,212 shares during the period. Soroban Capital Partners LP grew its holdings in Southern by 83.8% during the second quarter. Soroban Capital Partners LP now owns 4,097,422 shares of the utilities provider's stock worth $376,266,000 after acquiring an additional 1,867,912 shares during the period. Renaissance Technologies LLC acquired a new position in Southern during the fourth quarter worth $131,968,000. Canada Pension Plan Investment Board raised its position in Southern by 1,518.4% in the second quarter. Canada Pension Plan Investment Board now owns 1,044,101 shares of the utilities provider's stock worth $95,880,000 after acquiring an additional 979,587 shares in the last quarter. Finally, Balyasny Asset Management L.P. lifted its holdings in Southern by 790.6% in the second quarter. Balyasny Asset Management L.P. now owns 811,737 shares of the utilities provider's stock valued at $74,542,000 after acquiring an additional 720,589 shares during the period. 64.10% of the stock is owned by institutional investors and hedge funds. ## About Southern (Get Free Report) Southern Company NYSE: SO is an Atlanta-based energy holding company that provides electric and gas utility services and owns power generation assets across the United States. Founded in 1945, the company operates a portfolio of regulated electric utilities and affiliated businesses that generate, transmit and distribute electricity to residential, commercial and industrial customers. Southern's principal regulated electric subsidiaries include Georgia Power, Alabama Power and Mississippi Power, which serve large portions of the southeastern United States. ## Further Reading - Five stocks we like better than Southern - Palantir’s Earnings Setup Puts Its AI Growth Story Back on Trial Again - Mining For Megawatts: AMD's Billion-Dollar Grid Grab - Circle’s IBM Patent Deal Could Redraw the Stablecoin Infrastructure Race - Survey Reveals: 62% of US Households Are Cutting Back on Protein as Grocery Prices Rise \[2026\] _This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com._ ## Should You Invest $1,000 in Southern Right Now? Before you consider Southern, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Southern wasn't on the list. While Southern currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. 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