uploads/2015/10/1-Stock-Returns1.jpg

Southern Company to Report 3Q15 Results on October 28

By

Updated

Stock performance

Southern Company (SO) will release its 3Q15 earnings on October 28, 2015. In this series, we’ll look at the performance of Southern Company’s stock to date. We’ll also look at analyst estimates for earnings and revenue for 3Q15, its expected dividends, its latest acquisitions, and recommendations of various analysts regarding future performance of SO stock.

Let’s first analyze SO’s returns in the current year and its performance with respect to the S&P 500 Index (SPX) and the Utilities Select Sector SPDR ETF (XLU).

The performance of the S&P 500 in 2015 has been neutral. Year-to-date, returns of the S&P 500 are -2%. The Utilities Select Sector SPDR ETF (XLU) underperformed the S&P 500 with year-to-date returns of -6%.

Southern Company’s year-to-date returns of -7% were in line with XLU’s returns. Southern Company’s competitors Duke Energy (DUK) and NextEra Energy (NEE) underperformed and overperformed XLU, respectively, with year-to-date returns of -13% and -3%, respectively.

Article continues below advertisement

About Southern Company

Southern Company is the fourth largest producer of electricity in the United States. It’s headquartered in Atlanta and is the holding company of four power utilities: Alabama Power, Georgia Power, Gulf Power, and Mississippi Power. These utilities cover an area of 120,000 square miles and cater to a population of approximately 16 million with a transmission and distribution capacity of about 37,000 megawatts.

Apart from these regulated utilities, Southern Company caters to the unregulated wholesale market through its subsidiary Southern Power. It has a generation capacity of more than 9,000 megawatts.

For find out more about Southern Company, you can read Southern Company: Analyzing the Power Utility Company.

Advertisement

More From Market Realist