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SO

Southern Company

6/20/2013, 2:29 AM ET

Quote & Headlines Market Currents StockTalk

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Saturday, June 8, 9:05 AM Boring stocks can bring exciting returns, Mark Hulbert discovers, as his research reveals stocks exhibiting the least historical volatility on average comfortably outperform the most "exciting" (i.e., volatile) issues. One believer in the boring-is-beautiful school, Guggenheim Partners' Nardin Baker, likes these stocks: SO. D, KMB, CL, COST. Too volatile are AAPL, GS, C, MS, HPQ. MET. 6 Comments [Quick Ideas]
Thursday, May 30, 11:17 AM Utilities are getting a bit of a reprieve after taking a beating over the past few days. Option implied volatility has been increasing as investors rotate out of high dividend yield positions in the wake of a rise in treasury yields: AEE +1.7%, D +0.3%, DTE +1.9%, EIX +0.6%, ETR +1.3%, EXC +0.7%, FE +0.9%, NEE +1.7%, PEG +0.8%, PPL +0.5%, SRE +1.3%, TE +0.5%, AEP +0.8%, DUK +0.6%, ED NU +1.6%, PCG +1.2%, SO +0.4%, XEL +1.3%. 5 Comments [Energy, On the Move, U.S. Economy]
Tuesday, May 28, 6:41 PM American Electric Power (AEP), Southern Co. (SO) and other utilities that have traditionally burned coal to generate electricity are exploring entering the rooftop-solar business, WSJ reports. They're testing the waters because they're feeling a pinch: Demand for electricity is barely growing in the sluggish economy, and developers of small-scale solar systems are giving customers another option for buying power. Comment! [Energy]
Monday, May 20, 6:29 PM Southern Co. (SO) replaces the head of its Mississippi utility amid growing concern about the cost of its Kemper coal power plant whose estimated price tag has ballooned to $4.3B. General counsel Ed Holland is named CEO of Mississippi Power following the sudden retirement of Ed Day, who had headed the utility since 2010. SO took $540M in charges against earnings related to Kemper in Q1. 4 Comments [Energy]
Wednesday, April 24, 7:33 AM Southern (SO): Q1 EPS of $0.49 misses by $0.01. Revenue of $3.89B beats by $0.14B. (PR) 1 Comment [Earnings, Breaking News]
Wednesday, April 24, 12:05 AM Notable earnings before Wednesday’s open: ABB, ABX, ASH, ATI, AVY, BA, BYD, CFR, CKSW, COR, CP, CS, CVE, DPS, EDU, ELN, EMN, ERIC, F, FDML, GD, GLW, GRA, HCBK, HES, ICON, LAD, LL, LLY, LO, MDCO, MSI, MTH, NDAQ, NOC, NS, NVS, NYCB, OC, OCR, OSIS, PG, PLD, PX, RES, ROK, S, SO, SVU, TEL, TKR, TMO, TROW, TUP, USG, VLY, VMED, WAB, WHR, WLP, WM, WYN Comment! [Earnings]
Tuesday, April 23, 6:42 PM Southern Company (SO) says it will take a $540M pre-tax, $333M after-tax charge related to increased costs at its Mississippi coal plant. (8-K) 6 Comments [Breaking News, Energy]
Tuesday, April 23, 5:30 PM Notable earnings before Wednesday’s open: ABB, ABX, ASH, ATI, AVY, BA, BYD, CFR, CKSW, COR, CP, CS, CVE, DPS, EDU, ELN, EMN, ERIC, F, FDML, GD, GLW, GRA, HCBK, HES, ICON, LAD, LL, LLY, LO, MDCO, MSI, MTH, NDAQ, NOC, NS, NVS, NYCB, OC, OCR, OSIS, PG, PLD, PX, RES, ROK, S, SO, SVU, TEL, TKR, TMO, TROW, TUP, USG, VLY, VMED, WAB, WHR, WLP, WM, WYN Comment! [Earnings]
Tuesday, April 23, 2:41 PM First Solar (FSLR +3.3%) has sold its 139MW Campo Verde solar plant project (located in Imperial County, CA) to a Southern Company (SO +0.1%) subsidiary and Turner Renewable Energy for an undisclosed sum. First Solar will finish building Campo Verde, which is expected to begin commercial operation this fall, and will operate/maintain the plant for 10 years. The news comes 8 months after First Solar announced it would develop the project. (PR) 2 Comments [Tech, M&A]
Monday, April 15, 4:39 PM The Southern Company (SO) declares $0.5075/share quarterly dividend, 3.56% increase from prior dividend of $0.49. Forward yield 4.29%. For shareholders of record May 06. Payable June 06. Ex-div date May 02. (PR) 3 Comments [Dividends]
Tuesday, April 2, 7:05 PM Citi strategists tweak the criteria for their top dividend-paying stock picks, lowering the standard for dividend yield while adding a new filter for dividend momentum “to give more emphasis on dividend safety and growth." The full list: MO, AEP, T, AVB, BMY, ED, D, DD, DUK, INTC, KMB, KRFT, LLY, MCD, MRK, MSFT, NU, NOC, OXY, PFE, PM, RTN, SRE, SO, SYY, XEL. 5 Comments [Quick Ideas]
Thursday, February 21, 10:51 AM Southern Co. (SO) says it expects to reach a final agreement with the Obama administration on a loan guarantee for its new nuclear power plant in Georgia by the middle of this year. Disputes over the loan have centered on "process" rather than the amount the company and its partners would pay the government to insure taxpayers against possible losses, SO says. Comment! [Energy]
Thursday, February 14, 2:59 PM Nuclear Energy Institute President Marvin Fertel says the Department of Energy is close to closing a loan guarantee deal with Southern Co. (SO -0.6%) that would back two new nuclear power reactors under construction in Georgia. Fertel says he isn't involved directly in the talks, but his understanding is SO believes the issues holding up the loan guarantee aren't "insurmountable." Comment! [Energy]
Thursday, February 7, 2:50 PM Exelon's (EXC) dividend cut is a bad sign for income investors, Paul Ausick writes, citing the forces that led EXC's move which exert a similar power over other utilities: higher depreciation and amortization expenses due to added capital spending, and a variety of costs - warmer weather, low electricity demand, tighter emission regulations - over which they have little or no control. 12 Comments [Energy]
Wednesday, January 30, 7:32 AM Southern (SO): Q4 EPS of $0.44 beats by $0.04. Revenue of $3.70B (+7% Y/Y) misses by $0.88B. (PR) Comment! [Earnings, Breaking News]
Wednesday, January 30, 12:05 AM Notable earnings before Wednesday’s open: ABFS, ADT, AUDC, BA, BAH, BOH, CEVA, CVLT, HCBK, HES, LLL, MPC, MTOR, MWV, NOC, NYCB, PSX, ROK, SO, TCB, VLY WEC Comment! [Earnings]