The Southern Company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity. The company also develops, constructs, acquires, owns, and manages power generation assets, including renewable energy projects and sells electricity in the wholesale market; and distributes natural gas in Illinois, Georgia, Virginia, and Tennessee, as well as provides gas marketing services, gas distribution operations, and gas pipeline investments operations. In addition, it owns and operates nuclear, coal, hydro, cogeneration, solar, wind, battery storage, and fuel cell facilities. Further, the constructs, operates, and maintains approximately 77,900 miles of natural gas pipelines and 14 storage facilities with total capacity of 157 Bcf to provide natural gas to residential, commercial, and industrial customers. The company serves approximately 8.9 million electric and gas utility customers. Further, it develops distributed energy and resilience solutions; deploys microgrids for commercial, industrial, governmental, and utility customers; and offers digital wireless communications and fiber optics services. The Southern Company was incorporated in 1945 and is headquartered in Atlanta, Georgia.

Southern Company (The)

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the WisdomTree U.S. LargeCap Dividend Fund (Symbol: DLN) where we have detected an approximate $543.5 million dollar inflow -- that's a 9.8% increase week over week in outstanding units (from 62,900,000 to 69,050,000). Among the largest underlying components of DLN, in trading today Altria Group Inc (Symbol: MO) is up about 0.1%, Southern Company (Symbol: SO) is up about 1.5%, and NextEra Energy Inc (Symbol: NEE) is up by about 1.3%. For a complete list of holdings, visit the DLN Holdings page » The chart below shows the one year price performance of DLN, versus its 200 day moving average:
Looking at the chart above, DLN's low point in its 52 week range is $69.32 per share, with $88.59 as the 52 week high point — that compares with a last trade of $88.56. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Free Report: Top 8%+ Dividends (paid monthly)
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Also see:
STI market cap history
HFWA Split History
GNPX Split History
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

DLN, MO, SO, NEE: ETF Inflow Alert

NextEra Energy’s NEE shares are trading at a forward 12-month price/earnings (P/E) ratio of 20.56X, a premium compared with the Zacks Utility - Electric Power industry’s average of 14.75X. NEE’s current valuation is higher than the broader Zacks Utilities sector’s average of 15.43X.
Image Source: Zacks Investment Research
The company benefits from the well-chalked-out investment plan to strengthen operations, strategic acquisitions, rising customer base and improvement in the economic condition in its service regions.
NextEra Energy is trading at a premium compared with other utilities operating in the same industry like The Southern Company SO and Duke Energy Corporation DUK. Both SO and DUK are working to add more clean power generation assets to their portfolio. The current P/E F12M of SO and DUK are pegged at 18.39X and 17.04X, respectively.
NEE’s Price Performance
The increase in NextEra Energy’s share prices is a reflection of its strong performance and focus on emission reduction and customer growth.
Image Source: Zacks Investment Research
Is it wise to add NEE to your portfolio solely because the stock is showing positive price momentum? Let’s take a closer look at the key factors that can help investors determine whether now is a favorable entry point for buying NEE’s shares.
Drivers Behind NEE’s Strong Performance
Florida’s strengthening economic environment is fueling population growth and rising energy needs, enabling NEE to broaden its customer base. The company’s subsidiary, Florida Power & Light (“FPL”), continues to offer residential electricity rates that are significantly lower than the national average, boosting customer appeal and reinforcing its competitive position.
Nearly 89% of NextEra Energy’s customers are residential, with commercial and industrial users making up the remaining 11%. The company’s exceptional scale, advanced technology and operational proficiency allow it to generate steady, above-average returns. NextEra Energy’s broad operational footprint and growing renewable energy portfolio further strengthen its competitive edge.
FPL plans to invest nearly $43 billion from 2025 to 2029 to enhance system reliability and service quality. Its long-term strategy includes adding more than 25 GW of new generation and storage by 2034, supported by approximately $19.5 billion in clean-energy projects during that same period. These modernization efforts, combined with the nation’s largest owned solar portfolio, have already saved customers nearly $16 billion in fuel costs since 2001. High-quality service and costs lower than the industry average attract more customers.
NextEra Energy is strengthening its long-term clean energy strategy through significant investments and a well-developed project pipeline. The company, through its unit Energy Resources, aims to add 36.5-46.5 GW of new renewable capacity between 2024 and 2027 and plans to invest $31.3 billion from 2025 to 2029 to expand and enhance operations. With a sizable backlog of 29.6 GW in signed contracts, the company maintains strong visibility into growth. The demand for clean energy is increasing in the United States. By 2027, the Energy Resources unit anticipates operating more than 70 GW of generation and storage capacity and catering to the rising demand for clean electricity.
NextEra Energy, a capital-intensive company with a domestic focus, stands to gain from the Federal Reserve's decision to cut interest rates. The Fed has now reduced the benchmark rate to 3.50-3.75% from the peak 5.25-5.5% range. Additional rate cuts anticipated in 2026 could further reduce the company’s capital servicing costs.
NextEra Energy’s Earnings Estimates Up Y/Y
NextEra Energy expects its 2025 earnings per share in the range of $3.45-$3.70 compared with $3.43 a year ago. The Zacks Consensus Estimate for NEE’s 2025 and 2026 earnings per share indicates year-over-year growth of 7.29% and 7.84%, respectively.
Image Source: Zacks Investment Research
NEE’s Earnings Surprise
Courtesy of the efficient execution of plans and smart capital investment, NextEra Energy's earnings surpassed expectations in the fourth quarter. The company’s earnings surpassed expectations in each of the past four quarters, with an average surprise of 4.39%.
Image Source: Zacks Investment Research
The Southern Company’s earnings surpassed estimates in three out of the last four quarters and missed in another quarter, resulting in an average beat of 2.95%. Duke Energy’s earnings surpassed estimates in the last four quarters, resulting in an average beat of 5.72%.
NextEra Energy Raises Shareholders’ Value
NextEra Energy plans to increase the dividend rate annually by 10%, at least through 2026, from the 2024 base, subject to its board’s approval. The current annual dividend of the company is $2.27 per share, and the dividend yield of 2.79% is better than the Zacks S&P 500 composite’s yield of 1.43%. NextEra Energy has increased its dividend five times in the last five years. Check NEE’s dividend history here.
NEE Stock Returns Better Than Its Industry
Return on equity (“ROE”) is a financial ratio that measures how well a company uses its shareholders’ equity to generate profits. The current ROE of the company indicates that it is using shareholders’ funds more efficiently than peers.
NextEra Energy’s trailing 12-month ROE is 12.42%, ahead of the industry average of 9.9%.
Image Source: Zacks Investment Research
Wrapping Up
NextEra Energy continues to post steady performance, driven by rising clean energy demand across its service territories. The company is steadily expanding its clean energy portfolio to keep pace with this growing need. Florida’s healthy economic backdrop is also creating additional growth opportunities for the utility.
Given the improvement in earnings estimates and return on equity, it will be wise to remain invested in this Zacks Rank #3 (Hold) utility. Since NEE is trading at a premium, it is better to wait for a while and look for a better entry point.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here
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NextEra Energy, Inc. (NEE) : Free Stock Analysis Report
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NEE Stock Trades at Premium Value: Should You Buy, Hold or Sell?

The Southern Company's SO shares have lost 5.9% over the past six months against the Zacks Utility-Electric Power industry’s gain of 9.1% and the broader utility sector’s rise of nearly 7.3%.
Shares of other operators in the same industry, such as Ameren Corporation AEE, CenterPoint Energy, Inc. CNP and Dominion Energy, Inc. D, have gained 2%, 3.5% and 4.5%, respectively, during the aforementioned period. Ameren has benefited from its systematic and consistent investments in growth projects and infrastructural upgrades in recent times. CenterPoint Energy is benefiting from rising electricity consumption, driven by the electrification of transportation and buildings. Dominion Energy has a well-chalked-out long-term capital expenditure plan to strengthen and expand its infrastructure, which will strengthen its operations.
Stock Price Change Over the Past Six Months
Image Source: Zacks Investment Research
Given the current underperformance in price, should you consider including Southern Company in your portfolio? Let's examine the factors in detail and assess the investment prospects.
Factors Driving the Performance of SO Stock
Exceptional Large-Load Growth and Demand Visibility: Southern Company stands at the center of a once-in-a-generation demand boom, driven by data centers, industrial expansions and rising commercial loads. The company has already secured 7 GW of contracted large-load demand through 2029, with a pipeline exceeding 50 GW. These long-term, credit-quality contracts include minimum billing mechanisms that ensure full cost recovery and protect existing customers, creating a durable earnings and cash-flow runway through the decade.
Constructive Regulatory Environment Supporting Long-Term Stability: Southern Company benefits from highly supportive state regulatory frameworks across Georgia, Alabama and Mississippi. Georgia Power’s rate plan extends base-rate stability until 2029, reinforcing affordability and transparency for customers while providing predictable returns for investors. These constructive, long-standing regulatory relationships allow SO to approve and execute major generation and infrastructure expansions efficiently, lowering project risk and strengthening the company’s premium utility profile. Recently, Alabama Power, a subsidiary of Southern Company, also declared that it commits to offering families and businesses a steady rate through 2027.
Massive Capital Investment Pipeline With Low Execution Risk: With a $76 billion capital plan through 2029, SO is positioned to modernize its grid, expand natural gas and storage capacity, and develop new generation to meet surging demand. Projects such as 11 battery storage sites, multiple new gas units and the 900 MW Lindsay Hill acquisition are already underway or approved. This robust pipeline, backed by regulatory alignment and proven construction capabilities, provides long-term rate-base growth and future EPS expansion potential with limited execution uncertainty.
High-Quality Customer Growth and Expanding Economic Base: The Southeast remains one of the fastest-growing U.S. regions, and Southern Company is capturing that momentum. Retail electricity sales rose across all customer classes, with commercial sales up 3.5% and residential customers increasing by 12,000 in the third quarter alone. Economic development remains strong, with 22 companies announcing expansions or new facilities in SO’s territories. This expanding regional economic ecosystem drives structural, not cyclical, load growth — supporting durable long-term revenue expansion.
SO Stock’s Earnings Estimate
The Zacks Consensus Estimate for SO’s 2025 earnings per share (EPS) indicates an increase of 5.7% year over year.
SO’s Earnings Estimates
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for Ameren, CenterPoint Energy and Dominion Energy’s 2025 EPS indicates an increase of about 8%, 9.3% and 22.7%, respectively, year over year.
SO’s Dividend History
The consistently strong performance of the company has enabled it to reward its shareholders through annual dividend rate hikes. Currently, its annual dividend is $2.96 per share with a favorable annualized yield of 3.4% when compared to its peers. The annualized dividend yield of Ameren, CenterPoint Energy and Dominion Energy stands at 2.9%, 2.3% and 4.6% respectively.
Dividend Yield
Image Source: Zacks Investment Research
Southern Company’s payout climbed by about 3% during the last five years, with its payout ratio at 70% of its profits. It is anticipated that the company will continue to increase its dividend in the future, driven by its sustained earnings growth. Check Southern Company’s dividend history here.
SO Stock Trades at a Premium
From a valuation perspective — in terms of forward price-to-earnings ratio — Southern Company is trading at a premium valuation of 18.7X compared with the industry average of 14.8X.
SO’s Premium Valuation
Image Source: Zacks Investment Research
Summing Up
Southern Company is benefiting from a unique surge in large-load demand, backed by 7 GW of contracted growth and a 50-GW pipeline, ensuring strong long-term visibility. Supportive regulation across Georgia, Alabama and Mississippi — with rate stability through 2027-2029 — further strengthens its investment appeal. A $76B capital plan, including major gas and storage projects, enhances grid capacity while maintaining low execution risk. Rapid customer additions and robust regional economic expansion continue to fuel sustained revenue and load growth.
However, the company’s premium valuation and lower return than the industry and peers are concerning at the moment. The investors can retain this Zacks Rank #3 (Hold) stock for now and enjoy the benefits of regular dividends and earnings growth estimates. The new investors can wait and look for a better entry point.
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The next phase of the AI explosion is poised to create significant wealth for investors, especially those who get in early. It will add literally trillion of dollars to the economy and revolutionize nearly every part of our lives.
Investors who bought shares like Nvidia at the right time have had a shot at huge gains.
But the rocket ride in the "first wave" of AI stocks may soon come to an end. The sharp upward trajectory of these stocks will begin to level off, leaving exponential growth to a new wave of cutting-edge companies.
Zacks' AI Boom 2.0: The Second Wave report reveals 4 under-the-radar companies that may soon be shining stars of AI’s next leap forward.
Access AI Boom 2.0 now, absolutely free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

SO Stock Declines 6% in Past 6 Months: Here's How to Play

Key Points
Data center power demand is projected to grow by 160% by 2030, creating unprecedented opportunities for energy infrastructure companies.
Nuclear power is experiencing a renaissance as hyperscalers seek 24/7 carbon-free electricity for AI workloads.
Natural gas pipelines and turbine manufacturers are critical bottlenecks in the race to power the AI era.
For decades, U.S. electricity demand was relatively flat. That era is over. The rise of artificial intelligence (AI) has triggered a paradigm shift in global energy demand comparable to the industrial revolution.
According to Goldman Sachs, data center power demand is projected to grow 160% by 2030. The International Energy Agency estimates that by 2030, data centers could consume as much electricity as Japan does today. The critical factor is baseload reliability. AI models require 24/7 uptime, meaning intermittent renewables alone will not suffice. That reality has sparked a nuclear renaissance and a massive resurgence in natural gas infrastructure.
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Here are 10 energy stocks building the backbone of this AI-powered future.
1. Nuclear's undisputed king
Constellation Energy (NASDAQ: CEG) owns the largest nuclear fleet in the U.S., producing 24/7 carbon-free energy -- the holy grail for hyperscalers with net-zero targets. The company signed a landmark power deal with Microsoft (NASDAQ: MSFT) that underpins the effort to restart the Three Mile Island Unit 1 reactor. A pending acquisition of Calpine (including debt) for roughly $26.6 billion would add a massive fleet of natural gas plants.
2. Renewables meet nuclear
NextEra Energy (NYSE: NEE) is the world's largest producer of wind and solar energy -- and now the company is making aggressive moves into nuclear. NextEra partnered with Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL) to restart the Duane Arnold nuclear plant in Iowa, with the 615-megawatt reactor targeted to come online by 2029 and the bulk of its output contracted to power Google's data centers.
3. The Southeast's data center landlord
Southern Company (NYSE: SO) is a regulated utility giant whose primary market, Georgia, has become the epicenter of data center growth in the American South. Southern has over 50 gigawatts (GW) of potential large-load growth in the pipeline, with roughly 40 GW concentrated in Georgia and a large portion tied to data centers.
4. Data Center Alley's incumbent
Dominion Energy (NYSE: D) serves Northern Virginia, where roughly 70% of the world's internet traffic flows. Dominion is in contract talks for roughly 40 GW to 47 GW of new data center capacity and expects peak electricity load in its territory to rise sharply over the next decade.
5. The hybrid power play
Vistra (NYSE: VST) combines a large nuclear fleet with efficient gas generation, making it one of the best-performing stocks in the sector. Vistra owns the Comanche Peak nuclear plant and has been in active discussions with hyperscalers about co-locating data centers with its nuclear and gas plants, including potential long-term supply deals.
6. Gulf Coast power broker
Entergy (NYSE: ETR) is the dominant utility in the Gulf Coast region, an area known for its affordable land and extensive energy infrastructure. Entergy has a pipeline of 7 GW to 12 GW of data center projects and has secured deals with Amazon, Alphabet, and Meta Platforms.
7. The natural gas gatekeeper
Williams Companies (NYSE: WMB) controls 30% of U.S. natural gas volume. In a strategic pivot, Williams is developing behind-the-meter and co-located gas-fired generation for data centers, aiming to relieve local grid bottlenecks and guarantee power availability.
8. Pipeline infrastructure giant
Kinder Morgan (NYSE: KMI) is one of the largest energy infrastructure companies in the S&P 500, with pipelines that move about 40% of U.S. natural gas. As AI demand outstrips renewable capacity, Kinder Morgan's network is crucial for supplying the gas-fired power plants that utilities are rapidly building.
9. The turbine maker
GE Vernova (NYSE: GEV) is the arms dealer of the energy transition -- whether the world chooses wind, gas, or nuclear, GE Vernova manufactures the turbines and generators needed to produce the electrons. The company is experiencing a surge in gas turbine orders, with multi-gigawatt deals explicitly tied to powering AI and data centers.
10. The uranium supplier
Cameco (NYSE: CCJ) is the Western world's premier uranium supplier. With Microsoft, Alphabet, and Amazon all signing deals to restart or build nuclear reactors, these commitments significantly tilt the odds in favor of higher long-term uranium demand. Cameco also owns a 49% stake in Westinghouse, the company that actually builds nuclear reactors.
Powering the revolution
These 10 companies span nuclear operators, regulated utilities, natural gas infrastructure, and equipment manufacturers. The AI energy supercycle is just beginning, and the companies controlling electrons are positioned to benefit for decades. For investors seeking AI exposure beyond the obvious tech names, the energy sector offers a compelling -- and often overlooked -- opportunity.
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George Budwell, PhD has positions in Microsoft and NextEra Energy. The Motley Fool has positions in and recommends Alphabet, Amazon, Cameco, Constellation Energy, Goldman Sachs Group, Kinder Morgan, Meta Platforms, Microsoft, and NextEra Energy. The Motley Fool recommends Dominion Energy and Ge Vernova and recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

10 Energy Stocks to Buy Right Now

The companies operating in the Zacks Utility -Electric Power industry offer a compelling long-term investment case driven by its highly regulated structure, which provides predictable cash flows and stable returns. Most utilities operate with a domestic focus, benefiting from rate-based growth tied to infrastructure upgrades, grid modernization and reliability improvements. This regulatory oversight helps shield earnings from economic volatility, making the sector attractive for income-oriented and defensive investors.
The utility industry is navigating a major transition toward cleaner energy sources. Utilities are steadily reducing emissions by retiring coal facilities, expanding renewable generation and investing in transmission projects to support wind and solar. Nuclear power is also regaining strategic importance as a reliable, carbon-free baseload resource that complements intermittent renewables. Amid such a backdrop, let us compare Vistra Corp. VST and The Southern Company SO. These prominent U.S. electric utilities are actively investing in renewable energy, making them pivotal players in the shift toward cleaner power generation.
Vistra is rapidly establishing itself as a key force in the nuclear power landscape. The company’s 2023 acquisition of Energy Harbor substantially expanded its nuclear portfolio and paved the way for the launch of Vistra Vision, a subsidiary dedicated to delivering zero-carbon generation. Vistra is also moving forward with clean hydrogen initiatives tied to its nuclear assets, capitalizing on attractive federal tax credits available through the Inflation Reduction Act.
The Southern Company provides dependable long-term value through its regulated utility businesses and targeted investments in cleaner power sources. Supported by a broad generation portfolio, a solid customer base and a favorable regulatory framework, the company maintains steady earnings and consistent dividend growth. The company’s ongoing decarbonization efforts, highlighted by nuclear expansion and increased renewable deployment, have strengthened its position for success in the accelerating energy transition.
As both companies hold strong positions in the utility sector, examining their core fundamentals is essential. A focused comparison can clarify which one presents the more compelling investment opportunity.
VST & SO’s Earnings Growth Projections
The Zacks Consensus Estimate for Vistra’s earnings per share in 2025 and 2026 has increased 1.18% and 0.71%, respectively, in the past 60 days. Long-term (three to five years) earnings growth per share is pegged at 11.67%.
Image Source: Zacks Investment Research
The same for The Southern Company’s 2025 and 2026 earnings per share has remained unchanged in the past 60 days. Long-term earnings growth per share is pegged at 7.23%.
Image Source: Zacks Investment Research
Return on Equity
Return on equity (“ROE”) is an essential financial indicator that evaluates a company’s efficiency in generating profits from the equity invested by its shareholders. It demonstrates how well management is utilizing the capital provided to increase earnings and deliver value.
VST’s current ROE is 64.04% compared with SO’s 12.52%. Vistra outperforms the industry’s ROE of 9.64%.
Image Source: Zacks Investment Research
VST & SO’s Sales Estimates
The Zacks Consensus Estimate for Vistra’s sales estimates in 2025 and 2026 reflects year-over-year growth of 18.01% and 29.81%, respectively.
The same for The Southern Company’s sales estimates in 2025 and 2026 reflects year-over-year growth of 8.73% and 4.87%, respectively.
Debt to Capital
The Zacks Utilities sector is a capital-intensive one, and huge investments are required at regular intervals to upgrade, maintain and expand operations. The usage of new evolving technology also requires investments. Therefore, utilities borrow from the market and add it to their internal cash generation to fund their long-term investments. The decline in interest rate to the 3.75% to 4% range will be beneficial for both utilities.
Vistra’s debt-to-capital currently stands at 75.38% compared with The Southern Company’s 65.34%. Both companies are using higher debt to fund their business, as the industry’s debt-to-capital stands at 59.51%.
The Times Interest Earned Ratio of VST and SO at the end of the previous reported quarter was 2.2 and 2.8, respectively, which indicates both have enough financial capacity to meet their interest obligation without any difficulties.
Valuation
Vistra currently appears to be trading at a premium compared with The Southern Company on a Price/Earnings Forward 12-month basis. (P/E- F12M).
VST is currently trading at 20.93X, while SO is trading at 19.55X compared with the industry’s 15.27X.
Price Performance
In the past six months, Vistra’s shares have risen 10.7% against The Southern Company’s decline of 0.6%.
Price Performance (Six Months)
Image Source: Zacks Investment Research
Summing Up
Vistra and The Southern Company are investing in strengthening their infrastructure and are focused on adding more clean electricity generation assets to their portfolio.
Based on the above discussion, Vistra currently has a marginal edge over The Southern Company, despite both stocks carrying a Zacks Rank #3 (Hold). VST’s stronger movement in sales and earnings estimates, better ROE and healthier price movement make it a better choice in the utility space.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

VST vs. SO: Which Utility Stock Looks More Attractive for Now?

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the JPMorgan Global Select Equity ETF (Symbol: JGLO) where we have detected an approximate $252.7 million dollar inflow -- that's a 3.7% increase week over week in outstanding units (from 102,850,000 to 106,700,000). Among the largest underlying components of JGLO, in trading today Walt Disney Co. (Symbol: DIS) is up about 0.4%, Mastercard Inc (Symbol: MA) is up about 2.5%, and Southern Company (Symbol: SO) is higher by about 0.8%. For a complete list of holdings, visit the JGLO Holdings page » The chart below shows the one year price performance of JGLO, versus its 200 day moving average:
Looking at the chart above, JGLO's low point in its 52 week range is $51.78 per share, with $69.39 as the 52 week high point — that compares with a last trade of $65.94. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Also see:
CTCM market cap history
LYV shares outstanding history
RAVE Average Annual Return
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Noteworthy ETF Inflows: JGLO, DIS, MA, SO

For Immediate Release
Chicago, IL – November 21, 2025 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Visa Inc. V, Merck & Co., Inc. MRK, The Southern Co. SO, Community Bancorp CMTV and Comstock Holding Companies, Inc. CHCI.
Here are highlights from Thursday’s Analyst Blog:
Top Analyst Reports for Visa, Merck and Southern Cos
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Visa Inc., Merck & Co., Inc. and The Southern Co., as well as two micro-cap stocks Community Bancorp and Comstock Holding Companies, Inc. The Zacks microcap research is unique as our research content on these small and under-the-radar companies is the only research of its type in the country.
These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
Ahead of Wall Street
The daily 'Ahead of Wall Street' article is a must-read for all investors who would like to be ready for that day's trading action. The article comes out before the market opens, attempting to make sense of that morning's economic releases and how they will affect that day's market action. You can read this article for free on our home page and can actually sign up there to get an email notification as this article comes out each morning.
Today's Featured Research Reports
Visa’s shares have outperformed the Zacks Financial Transaction Services industry over the year-to-date period (+3.3% vs. -13.9%). The company’s fourth quarter earnings beat estimates. Its strong market position is underpinned by consistent volume-driven growth, acquisitions and technological leadership in digital payments.
Expansion in cross-border volumes, rising transactions and investments in AI and stablecoin infrastructure enhance its future prospects. Its total revenue rose 11% YoY in FY25 along with 13% growth in cross-border volume. A robust financial position with ample liquidity and shareholder returns further supports long-term growth.
However, it faces rising client incentives and expenses, which can weigh on margins. Regulatory pressures and potential legislative changes pose additional risks to its fee structure. While declining cash volumes align with its digital strategy, regional softness warrants monitoring. As such, the stock warrants a cautious stance.
(You can read the full research report on Visa here >>>)
Shares of Merck have underperformed the Zacks Large Cap Pharmaceuticals industry over the year-to-date period (-1.7% vs. +17.9%). The company is facing rising competitive and generic pressure on some drugs, and persistent challenges for Gardasil in China remain overhangs. There are concerns about Merck’s ability to successfully navigate the Keytruda loss of exclusivity period and potential competition for the drug.
Merck’s third-quarter earnings and sales beat estimates. Its blockbuster drug, Keytruda, and new products have been driving sales. With label expansion into new indications, particularly earlier-stage launches, Keytruda is expected to see continued growth.
Animal health is also contributing to growth. Merck has been making meaningful pipeline progress. Moreover, it is actively pursuing M&A deals to enhance its pipeline and diversify away from Keytruda.
(You can read the full research report on Merck here >>>)
Southern Company’s shares have gained +11.7% over the year-to-date period against the Zacks Utility - Electric Power industry’s gain of +29.4%. The company, being a leading U.S. electric utility in the Southeast, offers a solid opportunity with its recession-proof model, substantial load pipeline, and investments in regulated utilities like natural gas and battery storage.
Southern Company’s strategic contracts and protective tariff structures provide a stable earnings outlook, while its $76 billion capital plan supports growth through grid modernization. Management has signaled a potential upward revision in earnings growth by 2027.
However, Southern faces risks from high leverage, which limits financial flexibility, and its cautious approach to nuclear energy may leave it behind peers. Also, regulatory challenges, economic slowdowns, and increasing competition from decentralized energy solutions pose threats. Therefore, the company warrants a cautious stance from investors.
(You can read the full research report on Southern Company here >>>)
Shares of Community Bancorp have outperformed the Zacks Banks - Northeast industry over the year-to-date period (+47.8% vs. +1.7%). This microcap company with a market capitalization of $130.91 million delivers strong investment appeal, backed by sustained earnings momentum, driven primarily by robust net interest income growth and disciplined cost control.
Earnings rose sharply in 2025, supported by favorable loan repricing and lower borrowing costs. Broad-based loan growth across residential, commercial, municipal and purchased segments has been achieved without compromising credit quality, with declining nonperformers and stable reserves. Capital strength continues to build, reflected in rising book value and reduced unrealized securities losses, enhancing flexibility for dividends and future growth.
Non-interest income expanded steadily, providing valuable revenue diversification amid rate volatility, while expense discipline preserved operating leverage. Continued dividend increases underscore a consistent shareholder-return focus.
(You can read the full research report on Community Bancorp here >>>)
Comstock’s shares have outperformed the Zacks Building Products - Home Builders industry over the year-to-date period (+69.8% vs. -7.1%). This microcap company with a market capitalization of $135.46 million reinforces its position as a premier developer of transit-oriented mixed-use real estate due to its strategic execution. A landmark lease with Booz Allen Hamilton at Reston Station enhances cash flow stability and brand prestige.
The JW Marriott Reston Station opening elevates Comstock’s hospitality footprint, offering premium amenities and strong recurring income. The Rockville multifamily acquisition via the Institutional Venture Platform supports growth, diversification and capital efficiency.
However, rising labor costs, excessive reliance on related-party revenues and weak free cash flow pressure margins and liquidity. Additionally, compliance risks and geographic concentration in the D.C. metro area expose the firm to regulatory and regional volatility. Despite these headwinds, the stock has significantly outperformed peers, and valuation remains attractive relative to its growth potential.
(You can read the full research report on Comstock here >>>)
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
5 Stocks Set to Double
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The Zacks Analyst Blog Highlights Visa, Merck, Southern Company, Community Bancorp and Comstock

Fintel reports that on November 20, 2025, Barclays maintained coverage of Southern (NYSE:SO) with a Equal-Weight recommendation.
Analyst Price Forecast Suggests 14.69% Upside
As of November 17, 2025, the average one-year price target for Southern is $101.57/share. The forecasts range from a low of $73.85 to a high of $114.45. The average price target represents an increase of 14.69% from its latest reported closing price of $88.56 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Southern is 28,926MM, an increase of 0.04%. The projected annual non-GAAP EPS is 4.37.
What is the Fund Sentiment?
There are 3,117 funds or institutions reporting positions in Southern. This is an increase of 31 owner(s) or 1.00% in the last quarter. Average portfolio weight of all funds dedicated to SO is 0.34%, an increase of 5.71%. Total shares owned by institutions increased in the last three months by 2.15% to 951,509K shares. The put/call ratio of SO is 0.49, indicating a bullish outlook.
What are Other Shareholders Doing?
Jpmorgan Chase holds 69,820K shares representing 6.34% ownership of the company. In its prior filing, the firm reported owning 68,964K shares , representing an increase of 1.23%. The firm decreased its portfolio allocation in SO by 89.89% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 35,408K shares representing 3.22% ownership of the company. In its prior filing, the firm reported owning 34,593K shares , representing an increase of 2.30%. The firm decreased its portfolio allocation in SO by 8.80% over the last quarter.
Capital World Investors holds 33,549K shares representing 3.05% ownership of the company. In its prior filing, the firm reported owning 7,981K shares , representing an increase of 76.21%. The firm increased its portfolio allocation in SO by 307.66% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 31,198K shares representing 2.83% ownership of the company. In its prior filing, the firm reported owning 30,445K shares , representing an increase of 2.41%. The firm decreased its portfolio allocation in SO by 9.08% over the last quarter.
Price T Rowe Associates holds 29,023K shares representing 2.64% ownership of the company. In its prior filing, the firm reported owning 17,527K shares , representing an increase of 39.61%. The firm decreased its portfolio allocation in SO by 18.33% over the last quarter.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
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This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Barclays Maintains Southern (SO) Equal-Weight Recommendation

Thursday, November 20, 2025
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Visa Inc. (V), Merck & Co., Inc. (MRK) and The Southern Co. (SO), as well as two micro-cap stocks Community Bancorp (CMTV) and Comstock Holding Companies, Inc. (CHCI). The Zacks microcap research is unique as our research content on these small and under-the-radar companies is the only research of its type in the country.
These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
You can see all of today’s research reports here >>>
Ahead of Wall Street
The daily 'Ahead of Wall Street' article is a must-read for all investors who would like to be ready for that day's trading action. The article comes out before the market opens, attempting to make sense of that morning's economic releases and how they will affect that day's market action. You can read this article for free on our home page and can actually sign up there to get an email notification as this article comes out each morning.
You can read today's AWS here >>> BLS Jobs, Jobless Claims, Walmart Warnings All Up Slightly
Today's Featured Research Reports
Visa’s shares have outperformed the Zacks Financial Transaction Services industry over the year-to-date period (+3.3% vs. -13.9%). The company’s fourth quarter earnings beat estimates. Its strong market position is underpinned by consistent volume-driven growth, acquisitions and technological leadership in digital payments.
Expansion in cross-border volumes, rising transactions and investments in AI and stablecoin infrastructure enhance its future prospects. Its total revenue rose 11% YoY in FY25 along with 13% growth in cross-border volume. A robust financial position with ample liquidity and shareholder returns further supports long-term growth.
However, it faces rising client incentives and expenses, which can weigh on margins. Regulatory pressures and potential legislative changes pose additional risks to its fee structure. While declining cash volumes align with its digital strategy, regional softness warrants monitoring. As such, the stock warrants a cautious stance.
(You can read the full research report on Visa here >>>)
Shares of Merck have underperformed the Zacks Large Cap Pharmaceuticals industry over the year-to-date period (-1.7% vs. +17.9%). The company is facing rising competitive and generic pressure on some drugs, and persistent challenges for Gardasil in China remain overhangs. There are concerns about Merck’s ability to successfully navigate the Keytruda loss of exclusivity period and potential competition for the drug.
Merck’s third-quarter earnings and sales beat estimates. Its blockbuster drug, Keytruda, and new products have been driving sales. With label expansion into new indications, particularly earlier-stage launches, Keytruda is expected to see continued growth.
Animal health is also contributing to growth. Merck has been making meaningful pipeline progress. Moreover, it is actively pursuing M&A deals to enhance its pipeline and diversify away from Keytruda.
(You can read the full research report on Merck here >>>)
Southern Company’s shares have gained +11.7% over the year-to-date period against the Zacks Utility - Electric Power industry’s gain of +29.4%. The company being a leading U.S. electric utility in the Southeast, offers a solid opportunity with its recession-proof model, substantial load pipeline, and investments in regulated utilities like natural gas and battery storage.
Southern Company’s strategic contracts and protective tariff structures provide a stable earnings outlook, while its $76 billion capital plan supports growth through grid modernization. Management has signaled a potential upward revision in earnings growth by 2027.
However, Southern faces risks from high leverage, which limits financial flexibility, and its cautious approach to nuclear energy may leave it behind peers. Also, regulatory challenges, economic slowdowns, and increasing competition from decentralized energy solutions pose threats. Therefore, the company warrants a cautious stance from investors.
(You can read the full research report on Southern Company here >>>)
Shares of Community Bancorp have outperformed the Zacks Banks - Northeast industry over the year-to-date period (+47.8% vs. +1.7%). This microcap company with a market capitalization of $130.91 million delivers strong investment appeal, backed by sustained earnings momentum, driven primarily by robust net interest income growth and disciplined cost control.
Earnings rose sharply in 2025, supported by favorable loan repricing and lower borrowing costs. Broad-based loan growth across residential, commercial, municipal and purchased segments has been achieved without compromising credit quality, with declining nonperformers and stable reserves. Capital strength continues to build, reflected in rising book value and reduced unrealized securities losses, enhancing flexibility for dividends and future growth.
Non-interest income expanded steadily, providing valuable revenue diversification amid rate volatility, while expense discipline preserved operating leverage. Continued dividend increases underscore a consistent shareholder-return focus.
(You can read the full research report on Community Bancorp here >>>)
Comstock’s shares have outperformed the Zacks Building Products - Home Builders industry over the year-to-date period (+69.8% vs. -7.1%). This microcap company with a market capitalization of $135.46 million reinforces its position as a premier developer of transit-oriented mixed-use real estate due to its strategic execution. A landmark lease with Booz Allen Hamilton at Reston Station enhances cash flow stability and brand prestige.
The JW Marriott Reston Station opening elevates Comstock’s hospitality footprint, offering premium amenities and strong recurring income. The Rockville multifamily acquisition via the Institutional Venture Platform supports growth, diversification and capital efficiency.
However, rising labor costs, excessive reliance on related-party revenues and weak free cash flow pressure margins and liquidity. Additionally, compliance risks and geographic concentration in the D.C. metro area expose the firm to regulatory and regional volatility. Despite these headwinds, the stock has significantly outperformed peers, and valuation remains attractive relative to its growth potential.
(You can read the full research report on Comstock here >>>)
Other noteworthy reports we are featuring today include Take-Two Interactive Software, Inc. (TTWO), Entergy Corp. (ETR) and GE HealthCare Technologies Inc. (GEHC).
Mark Vickery
Senior Editor
Note: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. He is frequently quoted in the print and electronic media and publishes the weekly Earnings Trends and Earnings Preview reports. If you want an email notification each time Sheraz publishes a new article, please click here>>>
Today's Must Read
Featured Reports
Investments Aid Entergy Corporation (ETR) Amid Poor Solvency
Per the Zacks analyst, Entergy Corp. makes disciplined investment to maintain and upgrade the reliability of its electric utility systems. Yet its poor financial ratios indicate weak solvency position
GE HealthCare (GEHC) To Gain from Rising Product Demand
Per the Zacks analyst, GE HealthCare's topline is likely to driven by rising demand for its products as it cater to growing markets. However, choppy macro environment to weigh on the stock.
High-Margin Vaca Muerta Operations to Boost YPF's Profitability
YPF's shift toward shale oil operations in Vaca Muerta, away from mature conventional fields, is expected to boost output and profitability. However, significant debt levels concern the Zacks analyst.
Acquisition of Uni-Select Aids LKQ Amid Softness in Repairable Claims
Per the Zacks analyst, the acquisition of Uni-Select has expanded LKQ's global vehicle parts distribution business. However, softness in repairable claims remains a concern.
Rising Loan Originations Aid Sallie Mae (SLM), High Expenses Persist
Per the Zacks analyst, Sallie Mae's strong focus on private student loans and rising loan originations aids long-term growth. Yet, rising compensation and benefits costs weigh on the bottom line.
Adtalem (ATGE) Gains on Enrollment Growth, Margin Pressures Persist
Per the Zacks analyst, robust enrollment gains and operational efficiencies supported Adtalem's strong results. However, margin pressure at Chamberlain and rising expenses remain key risks.
EMEA Strength to Drive Under Armour's (UAA) Global Growth
Per the Zacks analyst, Under Armour's strong revenue gains in EMEA and solid momentum in Latin America highlight strong demand across channels, supporting its multi-year international growth strategy.
New Upgrades
Strong Portfolio Aids Take Two (TTWO) Amid Stiff Competition
Per the Zacks analyst, Take-Two's popular franchises including NBA 2K26 and Grand Theft Auto V is helping it to counter stiff competition from the likes of EA and Activision Blizzard.
Robust Pipeline Activity and Deal Wins Benefit Guidewire (GWRE)
Per the Zacks analyst, 19 deal wins by the Guidewire cloud platform, coupled with increasing migration activities and a robust business pipeline, are cushioning Guidewire's performance.
CNA Financial (CNA) Poised to Grow on Improving Premiums
Per the Zacks analyst, CNA Financial is poised to row on rising premiums driven by compelling product portfolio, better retention, improving pricing, and new business growth.
New Downgrades
Norfolk Southern (NSC) Hit By Freight Downturn and High Debt Load
The Zacks analyst is worried about the decreasing freight revenues and volumes. The company's high debt load and share price volatility are also causes for worry.
Soft Air Bookings Amid Macroeconomic Headwinds Hurt Sabre (SABR)
Per the Zacks analyst, weaker air bookings, resulting from macroeconomic uncertainties and the U.S. government shutdown, are likely to hurt Sabre's prospects in the near term.
Order Timing Uncertainty Pressures Super Micro (SMCI)
Per the Zacks Analyst, delays in customer orders tied to upcoming AI platform launches are driving revenue volatility and limiting Super Micro's near-term performance clarity.
Zacks' Research Chief Names "Stock Most Likely to Double"
Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.
This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Top Analyst Reports for Visa, Merck & Southern Company

Southern Company’s SO shares gained roughly 10.1% year to date (“YTD”), outperforming TransAlta Corporation TAC, which advanced about 1.3%, and Centuri Holdings’ CTRI solid 6.1% rise. The stock, however, lagged the Electric Power utility sub-industry, which delivered a strong 26.9% return, and the broader utility sector’s growth of nearly 22.7% over the same period. Meanwhile, MGE Energy, Inc. MGEE delivered the weakest performance, declining around 12.3%. With such mixed relative performance, many investors are now left wondering — is Southern Company gearing up for its next leg higher, or should they wait for a more attractive entry point?
Year-to-Date Performance Snapshot
Image Source: Zacks Investment Research
SO’s Legacy of Growth and Stability
Established in 1945 and headquartered in Atlanta, Southern Company has grown into one of the most influential names in the U.S. regulated utility landscape. The company now delivers electricity and natural gas to nearly 9 million customers through seven operating companies. Its energy network is extensive, supported by roughly 46 gigawatts of generating capacity, approximately 200,000 miles of electric transmission and distribution lines, and more than 80,000 miles of natural gas pipelines.
Southern Company has evolved far beyond a conventional electric utility. Its asset base spans coal, natural gas, nuclear facilities and hydroelectric units, along with an expanding mix of renewable and storage solutions. The acquisition of AGL Resources in 2016 significantly broadened the natural gas footprint, wholesale operations and long-term strategic positioning, reinforcing its role as a diversified energy platform with meaningful scale.
With shares delivering gains so far this year, a key question now surfaces for investors — does the current momentum still offer an attractive entry point, or is patience the smarter move?
SO Stock’s Earnings Estimates
Image Source: Zacks Investment Research
Over the past 60 days, the Zacks Consensus Estimate for SO’s earnings per share has been revised upward by 7.02% for the first quarter and 0.81% for the second quarter, while estimates for both the current fiscal year (F1) and the next fiscal year (F2) remained unchanged, indicating only modest positive revisions despite the stock’s steady performance.
Why Southern Company Looks Well-Positioned
Exceptional Load Growth and Economic Development: Southern Company is seeing unprecedented electricity demand, especially from data centers and industrial customers. Weather-normalized retail sales increased 2.6% in the third quarter of 2025, supported by a 17% year-over-year rise in data center usage. This scale of demand acceleration stands out even when compared with peers such as TransAlta Corporation, Centuri Holdings and MGE Energy, which also benefit from regulated and stable service territories but do not currently match Southern Company’s pipeline intensity and expected annual sales growth of around 8% through 2029.
Strong and Demonstrated Execution on Large-Load Contracts: The company continues to successfully convert its large-load development pipeline into long-term contractual agreements. Southern Company secured 2 gigawatts of new signed contracts in the latest quarter, increasing its contracted base to 8 gigawatts. Compared with TransAlta Corporation, which is expanding its renewable portfolio, Centuri Holdings, which focuses heavily on utility infrastructure services, and MGE Energy, known for balanced clean-energy execution, Southern Company’s minimum-bill and cost-recovery contract structure provides stronger downside protection and enhances earnings visibility.
Significant and Predominantly Regulated Capital Investment Opportunity: Southern Company has a clear visibility on a massive $76 billion, five-year capital plan, with 95% of the spending allocated to low-risk, state-regulated utilities. Furthermore, there is an identified potential for an additional $5 billion in regulated capital opportunities, primarily in Georgia. This heavily regulated focus provides predictable cash flows and reduces business volatility, making earnings more stable and dependable for investors.
Long and Consistent Dividend Growth Track Record: Southern Company offers an attractive and reliable income stream, highlighted by its 24 consecutive years of dividend increases and a 78-year history of not reducing the dividend. This long-term commitment to returning capital to shareholders is a cornerstone of its value proposition, appealing to income-focused investors and signaling strong financial health and management confidence in future cash flows.
Strategic Investment in Grid Modernization and Diverse Energy Resources: The company is not just building for demand but is also modernizing its grid with a balanced and forward-looking resource plan. For example, Georgia Power's 10-gigawatt request includes a significant portion of battery energy storage systems and renewables alongside highly efficient natural gas generation. This diversified approach enhances grid reliability, positions the company for a lower-carbon future and mitigates over-reliance on a single fuel source.
While SO benefits from exceptional load growth, a strong pipeline of long-term contracts and a solid capital investment plan, investors should be mindful of certain risks.
What Could Derail the Growth Narrative
Significant and Ongoing Exposure to Regulatory and Construction Risks: Southern Company's growth is contingent on timely and favorable regulatory approvals for massive projects, such as the 10 gigawatts of new resources in Georgia. Any delays, cost disallowances or unfavorable terms from public service commissions could negatively impact projected returns and profitability. The complexity and scale of these infrastructure projects inherently carry the risk of schedule and budget overruns, as historically seen with projects like Plant Vogtle.
High P/E Ratio Signals Potential Overvaluation: Another key concern for SO is its high P/E ratio of 19.66, which stands above the sector average of 16.19. This suggests that investors may be pricing in more growth than what the company could realistically deliver. As a result, investors may want to exercise caution before taking new positions, as the stock appears slightly stretched on valuation.
Persistent Pressure From Rising Interest Expenses: The company continues to face elevated borrowing costs, with more than $27 billion in maturities scheduled between 2025 and 2027. High interest burdens could dilute earnings momentum. Comparatively, TransAlta Corporation recently focused on capital-structure optimization, while Centuri Holdings typically relies on contracted utility-service cash flows for stability, leaving Southern Company comparatively more sensitive to rates.
Competitive Threats From Alternative Energy and Market Dynamics: The company acknowledges competition from the development of alternative energy sources. The rise of decentralized generation, like rooftop solar, and the potential for corporate power purchase agreements directly with independent developers could erode the traditional utility business model over the long term. Southern Company must continuously adapt to these evolving market dynamics to retain its customer base.
Vulnerability to Macroeconomic Downturns and Demand Shocks: Southern Company’s load-growth outlook depends heavily on continued data-center and industrial build-outs in the Southeast. Any recessionary shock or technology-sector slowdown could halt expansion plans. This risk profile differs from Centuri Holdings, which enjoys contracted utility-service demand, and MGE Energy, which operates in a slower-growth but highly stable regional market.
Should Investors Wait or Act on SO Stock?
Southern Company has several strengths, including exceptional load growth driven by increased demand from data centers and industrial customers, a strong pipeline of long-term contracts and a robust $76 billion capital investment plan. Additionally, the company offers a reliable income stream through a long history of dividend growth and is strategically modernizing its grid with a balanced energy resource mix.
However, significant risks include exposure to regulatory and construction delays, a high P/E ratio indicating potential overvaluation, rising interest expenses, competition from alternative energy sources and vulnerability to macroeconomic downturns that could impact demand. Given this mix of strengths and potential challenges, investors should wait for a more opportune entry point instead of adding this Zacks Rank #3 (Hold) utility stock to their portfolios.
Zacks Names #1 Semiconductor Stock
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	S/L 5%RUB 88.28	S/L 10%RUB 92.49	S/L 15%RUB 96.69
Day	0.00%	0.00%	0.00%
Week	5.41%	0.00%	0.00%
Month	34.72%	4.50%	0.25%

Southern Company (The)

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