Recent Analysts’ Ratings Changes for Southern (SO)

Several brokerages have updated their recommendations and price targets on shares of Southern (NYSE: SO) in the last few weeks:

• 3/5/2026 – Southern was upgraded by Evercore Inc from “in-line” to “outperform”. They now have a $111.00 price target on the stock.
• 3/4/2026 – Southern was upgraded by KeyCorp from “underweight” to “sector weight”.
• 2/23/2026 – Southern had its “hold” rating reaffirmed by Jefferies Financial Group Inc.. They now have a $102.00 price target on the stock.
• 2/20/2026 – Southern had its “underweight” rating reaffirmed by Morgan Stanley.
• 2/20/2026 – Southern had its price target raised by Scotiabank from $101.00 to $103.00. They now have a “sector perform” rating on the stock.
• 2/20/2026 – Southern was given a new $103.00 price target by Truist Financial Corporation.
• 2/20/2026 – Southern had its “outperform” rating reaffirmed by BMO Capital Markets.
• 2/20/2026 – Southern was given a new $104.00 price target by Mizuho. They now have an “outperform” rating on the stock.
• 2/20/2026 – Southern was given a new $96.00 price target by Wells Fargo & Company. They now have an “equal weight” rating on the stock.
• 2/20/2026 – Southern was upgraded by Wells Fargo & Company from “underweight” to “equal weight”. They now have a $96.00 price target on the stock, up from $84.00.
• 2/20/2026 – Southern was upgraded by Mizuho from “neutral” to “outperform”. They now have a $104.00 price target on the stock, up from $89.00.
• 1/23/2026 – Southern had its “sector perform” rating reaffirmed by Royal Bank Of Canada. They now have a $105.00 price target on the stock.
• 1/21/2026 – Southern had its “buy (b)” rating reaffirmed by Weiss Ratings.
• 1/21/2026 – Southern had its “underweight” rating reaffirmed by Morgan Stanley. They now have a $85.00 price target on the stock.
• 1/20/2026 – Southern was downgraded by Wells Fargo & Company from “equal weight” to “underweight”. They now have a $84.00 price target on the stock, down from $97.00.
• 1/15/2026 – Southern had its price target lowered by Barclays PLC from $91.00 to $88.00. They now have an “equal weight” rating on the stock.

Southern Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 6th. Shareholders of record on Tuesday, February 17th will be issued a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Tuesday, February 17th. Southern’s dividend payout ratio (DPR) is currently 75.32%.

Southern Company (NYSE: SO) is an Atlanta-based energy holding company that provides electric and gas utility services and owns power generation assets across the United States. Founded in 1945, the company operates a portfolio of regulated electric utilities and affiliated businesses that generate, transmit and distribute electricity to residential, commercial and industrial customers.

Southern’s principal regulated electric subsidiaries include Georgia Power, Alabama Power and Mississippi Power, which serve large portions of the southeastern United States.