Upside case
Bull case
$51+136.3%
SOJC would need investors to value it at roughly 11x earnings — about 7x more generous than today's 5x forward P/E. That requires meaningful multiple expansion on top of continued earnings growth.
Analysis OverviewNo CoverageUpdated —
The Southern Company JR 2017B NT 77 (SOJC) Stock Analysis
Wall Street verdict, consensus price target, and analyst rating breakdown — everything needed to frame the risk/reward at today's price.
Analyst consensus
Mixed
Covering
—
analysts
0 bullish · 0 bearish · 0 covering SOJC
Strong Buy
0
Buy
0
Hold
0
Sell
0
Strong Sell
0
Consensus Target
—
— vs today
Scenario Range
$13 – $51
Model bear to bull value window
Coverage
—
Published analyst ratings
Valuation Context
4.8x
Forward P/E · Market cap $21.8B
SOJC price targets
Three scenarios for where SOJC stock could go
Current
~$22
Confidence
52 / 100
Updated
—
Where we are now
Current · $22
Bear
$13
Base
$28
Bull
$51
Market caseClosest to today
Base case
$28+30.1%
At 6x on FY1 earnings, the base case reflects a reasonable but not stretched valuation. It prices in continued growth without assuming an exceptional setup.
Stress case
Bear case
$13-38.1%
If investor confidence fades or macro conditions deteriorate, a 2x multiple contraction could push SOJC down roughly 38% from where it trades now.
Not financial advice. Model confidence reflects internal scenario assumptions, not a guarantee of returns. Past performance does not predict future results.
The Southern Company JR 2017B NT 77
SOJC · NYSEUtilitiesRegulated ElectricDecember year-end
Southern Company is a major electric utility holding company that generates and distributes electricity across the southeastern United States. It makes money primarily through regulated utility operations — selling electricity to retail customers in its service territories — supplemented by wholesale power sales from its generation assets and natural gas distribution. Its key advantage is its regulated monopoly status in its core service areas, providing stable cash flows through government-approved rates.
Market Cap
$21.8B
Revenue TTM
$29.6B
Net Income TTM
$4.3B
Net Margin
14.7%
SOJC Revenue and Earnings Performance
Quarterly beat-or-miss track record against analyst estimates, plus forward revenue and EPS outlook for the next two fiscal years.
EPS Beat Rate
67%Exceptional
12 quarters tracked
Revenue Beat Rate
92%Exceptional
vs consensus estimates
Avg EPS Surprise
+3.8%
above Street consensus
Beat / Miss Record
BeatMissLeft = EPS · Right = Revenue
Q3 2025
Q4 2025
Q4 2025
Q1 2026
Last 4 Quarters
EPS beats: 2 of 4Q3 2025
EPS
$0.79/$0.88
Revenue
$7.0B/$6.4B
Q4 2025
EPS
$1.54/$1.51
Revenue
$7.8B/$7.6B
Q4 2025
EPS
$1.54/$1.51
Revenue
$7.8B/$7.6B
Q1 2026
EPS
$0.55/$0.56
Revenue
$7.0B/$6.1B
| Quarter | EPS (Actual / Est) | EPS Surprise | Revenue (Actual / Est) | Rev Surprise |
|---|---|---|---|---|
| Q3 2025 | $0.79/$0.88 | -9.3% | $7.0B/$6.4B | +9.6% |
| Q4 2025 | $1.54/$1.51 | +2.0% | $7.8B/$7.6B | +2.7% |
| Q4 2025 | $1.54/$1.51 | +2.0% | $7.8B/$7.6B | +2.7% |
| Q1 2026 | $0.55/$0.56 | -1.4% | $7.0B/$6.1B | +14.5% |
FY1–FY2 Estimates
Revenue Outlook
FY1
$31.4B
+6.4% YoY
FY2
$33.5B
+6.6% YoY
EPS Outlook
FY1
$4.70
+20.2% YoY
FY2
$5.10
+8.4% YoY
Trailing FCF (TTM)$9.8B
FCF Margin: 33.2%
Next Earnings
—
Expected EPS
—
Expected Revenue
—
SOJC beat EPS estimates in 2 of 4 tracked quarters. Mixed delivery makes the upcoming report a key data point for re-rating.
SOJC Revenue Breakdown by Segment
Product and geographic revenue mix from the latest annual disclosure, with year-over-year growth by segment.
Latest disclosure
FY 2025
Total disclosed revenue $10.1B
Product Mix
Latest annual revenue by segment or product family
Southern Company Gas
50.0%
+13.2% YoY
Tap, hover, or focus a slice to inspect segment detail.
Geographic Mix
Latest annual revenue by reported region
Segment breakdown not available for this company.
Southern Company Gas is the largest disclosed segment at 50.0% of FY 2025 revenue, up 13.2% YoY.
SOJC Valuation Snapshot
Current multiples compared to the S&P 500, the company's sector, and its own five-year average.
Relative Value Signal
Significantly Undervalued
Fair value est. $74 — implies +242.3% from today's price.
Upside to Fair Value
242.3%
potential upside
Deep DiscountFair ValueVery Expensive
vs S&P 500 Trailing P/E
SOJC
5.6x
vs
S&P 500
25.1x
78% discount
vs Utilities Trailing P/E
SOJC
5.6x
vs
Utilities
19.5x
72% discount
vs SOJC 5Y Avg P/E
Today
5.6x
vs
5Y Average
7.2x
22% discount
Forward PE
4.8x
S&P 500
19.1x
-75%
Utilities
17.3x
-72%
5Y Avg
—
—
Trailing PE
5.6x
S&P 500
25.1x
-78%
Utilities
19.5x
-72%
5Y Avg
7.2x
-22%
PEG Ratio
0.82x
S&P 500
1.70x
-52%
Utilities
1.69x
-52%
5Y Avg
—
—
EV/EBITDA
7.2x
S&P 500
15.3x
-53%
Utilities
12.0x
-40%
5Y Avg
8.4x
-15%
Price/FCF
—
S&P 500
21.4x
—
Utilities
16.2x
—
5Y Avg
120.5x
—
Price/Sales
0.7x
S&P 500
3.1x
-76%
Utilities
2.2x
-67%
5Y Avg
1.0x
-22%
Dividend Yield
12.48%
S&P 500
1.90%
+558%
Utilities
3.10%
+302%
5Y Avg
11.79%
+6%
| Metric | SOJC | S&P 500 | Utilities | 5Y Avg SOJC |
|---|---|---|---|---|
| Forward PE | 4.8x | 19.1x-75% | 17.3x-72% | — |
| Trailing PE | 5.6x | 25.1x-78% | 19.5x-72% | 7.2x-22% |
| PEG Ratio | 0.82x | 1.70x-52% | 1.69x-52% | — |
| EV/EBITDA | 7.2x | 15.3x-53% | 12.0x-40% | 8.4x-15% |
| Price/FCF | — | 21.4x | 16.2x | 120.5x |
| Price/Sales | 0.7x | 3.1x-76% | 2.2x-67% | 1.0x-22% |
| Dividend Yield | 12.48% | 1.90% | 3.10% | 11.79% |
SOJC trades above S&P 500 benchmarks on 0 of 5 measured multiples — appears modestly priced relative to the S&P 500 on most measures.
Forward P/E and PEG reflect analyst consensus estimates. Historical averages use trailing ratios where forward data is unavailable.S&P 500 and sector benchmarks both use trailing median P/E — similar readings indicate the broader index and sector are priced alike.
Open valuation toolSOJC Financial Health
Verdict
Exceptional
SOJC earns 24.6% operating margin on regulated earnings, 12.5% dividend yield. Utilities carry higher leverage than industrials as a structural feature of the business model.
Regulated Operations
Revenue, regulated margins, and earnings
Revenue (TTM)
Trailing-twelve-month sales base
$29.6B
Revenue Growth
TTM vs prior year
+10.6%
Operating Margin
Operating income divided by revenue
24.6%
Net Margin
Net income divided by revenue
14.7%
EPS (TTM)
Diluted earnings per share, trailing twelve months
$3.91
Operating Margin
Operating income over revenue — primary regulated earnings signal
24.6%
Capital Quality
ROIC, leverage, and debt serviceability
ROIC
Return on invested capital — primary competitive quality signal
5.1%
ROA
Return on assets, trailing twelve months
2.9%
Cash & Equivalents
Liquid assets on the balance sheet
$1.6B
Net Debt
Total debt minus cash
$73.7B
Debt Serviceability
Net debt as a multiple of annual free cash flow
7.5× FCF
Regulated utilities typically operate at 3–5× net debt/FCF — this is structural, not a risk flag.
ROE
Return on equity, trailing twelve months
11.4%
Shareholder Returns
How capital is returned to owners
Total shareholder yield
12.5%
Dividend
12.5%
Buyback
0.0%
Share Repurchases
Trailing buyback outflow — dollar magnitude of capital returned
$0
Dividend / Share
Annualized trailing dividend per share
$2.72
Payout Ratio
Share of earnings distributed as dividends
69.5%
Shares Outstanding
Current diluted share count
999M
All figures from the trailing twelve months. Utilities operate with structural leverage (3–5× net debt/FCF) due to regulated, predictable cash flows.
Open full ratios pageSOJC Stock Risk Factors
Key factors that could pressure the stock price, compress the multiple, or weigh on future results.
AI analysis · updated April 29, 2026
High Risk
Market Volatility and Economic Climate
SOJC stock has experienced a 52-week low, reflecting a decline in investor confidence due to a challenging economic climate. Its performance is susceptible to shifts in U.S. Treasury yields and overall risk sentiment in fixed income markets.
High Risk
Industry-Specific Pressures
As a utility company, SOJC faces significant industry-wide pressures that could impact future earnings. Unanticipated severe weather events and changes in state or federal energy policy may lead to increased operational costs and altered capital expenditure requirements.
Medium
Operational Costs and Demand Fluctuations
Severe weather events can result in unbudgeted operational costs for SOJC, affecting profitability. Additionally, broader macroeconomic shifts may influence consumer energy demand patterns, further complicating revenue projections.
Medium
Valuation and Growth Prospects
SOJC's Price-to-Earnings (P/E) ratio stands at 5.4, which is low compared to industry peers, suggesting potential undervaluation or weaker growth prospects. This disparity could impact investor perception and stock performance.
Lower
Analyst Sentiment and Earnings Revisions
While some analysts have revised earnings expectations upward for SOJC, indicating potential positive sentiment, it is essential to monitor these revisions closely. The overall analyst rating landscape remains neutral, suggesting a cautious approach.
Lower
Risk-Adjusted Performance
SOJC ranks 43 for risk/return, indicating a typical balance of risk and reward. Although it does not stand out, it is not flagged as a significant red flag, suggesting it could be a reasonable choice if aligned with investor goals.
Lower
Drawdowns
The maximum drawdown for SOJC was 22.06% on March 18, 2020, with recovery taking 51 trading sessions. This historical volatility highlights the potential risks associated with investing in this stock.
These are risk mechanisms, not predictions. The key question is which would force a cut to earnings estimates or a lower multiple than the market currently prices in.
Why SOJC Stock Could Outperform
Structural drivers behind the upside case and why the stock could outperform over the next 12 months.
AI analysis · updated April 29, 2026
Financial Stability and Dividends
Southern Company has a history of consistent dividend payments, maintaining them for an impressive 55 consecutive years. They reported a net income of $4.3 billion and a net profit margin of 14.7% on trailing twelve-month revenue of $29.6 billion, with a 6.20% dividend yield over the last twelve months.
Revenue Growth and Profitability
Despite facing industry pressures, the company has demonstrated revenue growth of 5.83% while maintaining a healthy gross profit margin of nearly 50%. This indicates strong operational efficiency and resilience in its business model.
Analyst Sentiment
Analysts have revised their earnings expectations upward for the upcoming period, reflecting positive sentiment towards the company's future performance. The average one-year price target from analysts is $24.51, with forecasts ranging from $19.00 to $28.60.
Liquidity
The days to cover for SOJC stock is low at 1.0 days, suggesting high liquidity. This indicates that the stock can be traded easily without significantly impacting its price.
A real bull case compounds — each driver matters most when it strengthens margins, supports capital returns, and keeps the company above the market's minimum growth bar simultaneously.
SOJC Stock Price Performance
52-week range context and price returns across multiple time horizons. Dividend contribution is shown separately in the Capital Return section.
Current Price
$21.78
52W Range Position
88%
52-Week Range
Current price plotted between the 52-week low and high.
52-Week Low
$5.84
+272.9% from the low
52-Week High
$24.04
-9.4% from the high
1 Month
+2.93%
3 Month
-1.98%
YTD
-0.4%
1 Year
+1.3%
3Y CAGR
-3.8%
5Y CAGR
-4.1%
10Y CAGR
-1.4%
Range context matters because valuation compression and earnings misses rarely hit from the same starting point. A stock already far below its high can still fall, but it is no longer carrying the same embedded optimism as one pressing a fresh peak.
SOJC vs Peers
Valuation, growth, and margin comparison against the closest publicly traded peers for this company.
Peer Set
Accurate peer set
Forward PE
4.8x
vs 18.6x median
-74% below peer median
Revenue Growth
+6.4%
vs +5.7% median
+13% above peer median
Net Margin
14.7%
vs 15.4% median
-5% below peer median
| Company | Mkt Cap | Fwd PE | Rev Grw | Margin | Rating | Upside |
|---|---|---|---|---|---|---|
SOJ SOJC The Southern Company JR 2017B NT 77 | $21.8B | 4.8x | +6.4% | 14.7% | — | — |
NEE NEE NextEra Energy, Inc. | $194.6B | 23.1x | +9.1% | 29.3% | Buy | +5.2% |
DUK DUK Duke Energy Corporation | $97.3B | 18.6x | +2.4% | 15.4% | Hold | +8.5% |
D D Dominion Energy, Inc. | $54.2B | 17.2x | +5.7% | 13.5% | Hold | +7.5% |
AEP AEP American Electric Power Company, Inc. | $71.7B | 20.8x | +6.3% | 16.5% | Buy | +3.4% |
EXC EXC Exelon Corporation | $45.4B | 15.6x | +2.9% | 11.2% | Hold | +10.7% |
This peer comparison reflects companies with similar business models, product lines, or market positioning, supplemented by industry grouping when direct matches are limited.
SOJC Dividend and Capital Return
SOJC returns 12.5% total yield, led by a 12.48% dividend.
Dividend WatchFCF Well Covered
Total Shareholder Yield
12.5%
Dividend + buyback return per year
Buyback Yield
0.0%
Dividend Yield
12.48%
Payout Ratio
69.5%
How SOJC Splits Its Return
Div 12.48%
Dividend 12.48%Buybacks 0.0%
Dividend Profile
Yield, cadence, and growth quality
Dividend / Share
Trailing annualized cash dividend
$2.72
Growth Streak
Consecutive years of dividend increases
1Y
3Y Div CAGR
0.2%
5Y Div CAGR
-0.1%
Ex-Dividend Date
—
Payment Cadence
Semi-Annual
5 payments over the last 12 months
Buyback Engine
How much per-share support comes from repurchases
Repurchases (TTM)
Cash used for buybacks in the latest trailing period
$0
Estimated Shares Retired
0
Approx. Share Reduction
0.0%
Shares Outstanding
Current diluted share count from the screening snapshot
999M
| Year | Div / Share | YoY Grw | BB Yield | Total Yield |
|---|---|---|---|---|
| 2026 | $0.66 | — | — | — |
| 2025 | $1.31 | -0.0% | 0.0% | 12.6% |
| 2024 | $1.31 | 0.0% | 0.0% | 12.2% |
| 2023 | $1.31 | +0.6% | 0.0% | 11.5% |
| 2022 | $1.31 | -0.6% | 0.0% | 12.7% |
FAQ
6 questionsSOJC Investor Questions
Common questions answered from live analyst data and company financials.
01Is The Southern Company JR 2017B NT 77 (SOJC) stock a buy or sell in 2026?
The Southern Company JR 2017B NT 77 (SOJC) has limited published analyst coverage at this time. The model scenario range runs from $13 to $51 around a current price of $22. Use the scenario targets and valuation multiples on this page as a guide.
02Is The Southern Company JR 2017B NT 77 (SOJC) stock overvalued in 2026?
SOJC trades at 4.8x times forward earnings. The stock currently trades at a discount to the broader market. Based on current multiples versus the peer group, the relative model signals significantly undervalued. Whether the stock is over or undervalued ultimately depends on whether consensus earnings estimates are achievable.
03What are the main risks for The Southern Company JR 2017B NT 77 (SOJC) stock in 2026?
The primary risks for SOJC in 2026 are: (1) Market Volatility and Economic Climate — SOJC stock has experienced a 52-week low, reflecting a decline in investor confidence due to a challenging economic climate. (2) Industry-Specific Pressures — As a utility company, SOJC faces significant industry-wide pressures that could impact future earnings. (3) Operational Costs and Demand Fluctuations — Severe weather events can result in unbudgeted operational costs for SOJC, affecting profitability. Each factor has the potential to pressure earnings or compress the stock's valuation multiple.
04What is The Southern Company JR 2017B NT 77's revenue and earnings forecast?
Analyst consensus estimates SOJC will report consensus revenue of $31.4B (+6.4% year-over-year) and EPS of $4.70 (+20.2% year-over-year) for the upcoming fiscal year. The following year, analysts project $33.5B in revenue.
05When does The Southern Company JR 2017B NT 77 (SOJC) report its next earnings?
A confirmed upcoming earnings date for SOJC is not yet available. Check the Earnings section above for the most recent quarterly report dates and forward estimates.
06How much free cash flow does The Southern Company JR 2017B NT 77 generate?
The Southern Company JR 2017B NT 77 (SOJC) generated $9.8B in free cash flow over the trailing twelve months — a free cash flow margin of 33.2%. SOJC returns capital to shareholders through dividends (12.5% yield) and share repurchases ($0 TTM).