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SOJDSouthern Company (The) Series 2
$17.42$19.5B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
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Income StatementBalance SheetCash FlowRatios & Margins
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P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
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SOJD logo

Southern Company (The) Series 2

SOJD
NYSE · Electric Utilities
$17.42
At close - Oct 23, 4:00 PM EDT - USD
Market Cap$19.5B
P/E4.4x
52W High$21.28
Volume53.35K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Rate Base Growth Offsets Rising Leverage Risks

Southern Company's regulated utility model is driving steady revenue growth, averaging ~8% YoY, supported by a 13.5% YoY increase in PPE net to $117.2B. However, aggressive capex ($2.9B/quarter) has pushed debt-to-equity to 1.90 and current ratio down to 0.65,...

GrowthStable
ProfitabilityStable
ValuationAttractive
TechnicalsWeak
Explore valuation models
MARKET ACTION

SOJD price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

No Data

No recent earnings data

02

Valuation risk

-80% Peers

P/E is 80% below peer median

03

Market leadership

RS 45 · Lag

Laggard (Underperforming 55% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystNext earnings unconfirmed
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue growth has been steady at ~8% YoY, with operating margins stable around 25-33% in recent quarters, though Q4 2025 saw a dip to 13.1% due to seasonal factors.

Analyst Consensus
Hold(0 analysts)
0 Buy0 Hold0 Sell

The Bull Case

Upside Catalysts

Stable Income Stream

SOJD is a preferred stock, offering a fixed annual dividend of $1.24 per share, which translates to a yield of 6.08%. This predictable income stream is particularly attractive for investors during uncertain economic times.

Utility Sector Stability

Southern Company operates in the utility sector, focusing on electricity generation, transmission, and distribution in the southeastern United States. Utility companies are typically defensive investments, providing essential services that make them less vulnerable to economic downturns.

Lower Volatility

Preferred stocks like SOJD tend to exhibit lower volatility compared to common stocks. They provide more predictable returns and have a higher claim on assets and earnings than common shareholders in the event of liquidation.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 10/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
SOJD-10.45%
S&P 500 (^GSPC)+11.24%
1-Year Return
SOJD-11.66%
S&P 500 (^GSPC)+13.13%
3-Year Return
SOJD+7.05%
S&P 500 (^GSPC)+80.89%
5-Year Return
SOJD-12.11%
S&P 500 (^GSPC)+66.68%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
4.4x
Forward P/EExpansion
3.8x
EV/EBITDA0th %ile
7.0x
FCF YieldCash Flow
N/A

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
4.4x
6.0x
0th· Low
EV/EBITDA
7.0x
8.1x
0th· Low
Price/FCF
N/A
113.5x
N/A
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$86.99+399.4%
Base (Fair)$86.25+395.1%
Bull$91.80+427.0%
$86.99 Bear$86.25 Base$91.80 Bull
Current Market Price: $17.42
Trades at a 79.8% discount to Base DCF ($86.25)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$29.55B+10.6% YoY
Net income
$4.34B-1.4% YoY
Free cash flow
-$3.59B-1886.1% YoY
Operating margin
24.7%-1.8 pts YoY
ROIC (TTM)5.1%
Avg ROIC 5Y-
ROE (TTM)11.5%
Piotroski Score4 / 9
Financial Statements →
04

Compare before deciding

Benchmark SOJD against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Southern Company (The) Series 2 (SOJD)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
SOJD logoSOJDSouthern Company (The) Series 2Current
$17.42$19.5B4.4410.59%14.69%11.49%15.61%
NEE logoNEENextEra Energy, Inc.
$82.10$171.24B24.9511%39.92%16.89%—
DUK logoDUKDuke Energy Corporation
$124.98$97.43B19.816.19%15.72%9.58%—
D logoDDominion Energy, Inc.
$65.20$57.35B18.9014.16%13.93%7.71%—
AEP logoAEPAmerican Electric Power Company, Inc.
$129.67$70.55B19.479.37%13.95%9.66%—
EXC logoEXCExelon Corporation
$44.43$45.46B16.225.34%10.99%9.61%—

Compare SOJD vs Peers

Southern Company (The) Series 2 (SOJD) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs NEE

Most directly comparable listed peer for SOJD.

Scale Benchmark

vs GE

Larger-name benchmark to compare SOJD against a more recognizable public peer.

Peer Set

Compare Top 5

vs NEE, DUK, D, AEP

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

SOJD SEC Filings & Documents

Southern Company (The) Series 2 (SOJD) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Jul 30, 2026·SEC

Material company update

Jun 8, 2026·SEC

Material company update

May 15, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 19, 2026·SEC

FY 2025

Feb 20, 2025·SEC

10-Q Quarterly Reports

4
FY 2026

Jul 30, 2026·SEC

FY 2025

Oct 30, 2025·SEC

FY 2025

Jul 31, 2025·SEC

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SOJD Frequently Asked Questions

Southern Company (The) Series 2 (SOJD) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Southern Company (The) Series 2's revenue?

Southern Company (The) Series 2 (SOJD) reported $30.18B in revenue for fiscal year 2025. This represents a 82% increase from $16.54B in 2012.

How fast is Southern Company (The) Series 2 growing?

Southern Company (The) Series 2 (SOJD) grew revenue by 10.6% over the past year. This is steady growth.

Is SOJD profitable?

Yes, Southern Company (The) Series 2 (SOJD) is profitable, generating $4.66B in net income for fiscal year 2025 (14.7% net margin).

Dividend & Returns
Does SOJD pay dividends?

Yes, Southern Company (The) Series 2 (SOJD) pays a dividend with a yield of 15.61%. This makes it attractive for income-focused investors.

What is SOJD's return on equity?

Southern Company (The) Series 2 (SOJD) has a return on equity (ROE) of 11.5%. This is reasonable for most industries.

What is Southern Company (The) Series 2's free cash flow?

Southern Company (The) Series 2 (SOJD) generated $15.79B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

Industry Metrics
Is SOJD's dividend sustainable?

Southern Company (The) Series 2 (SOJD) has a dividend payout ratio of 69%. This suggests the dividend is well-covered and sustainable.

What if you invested $1,000 in SOJD back in 2012?

Total return calculator · dividends reinvested · 14+ years of data

See returns →