The Southern Company

The Southern Company

The Southern Company

Overview
Date Founded

1945

Headquarters

30 Ivan Allen Jr. Boulevard NW,Atlanta, GA 30308

Type of Company

Public

Employees (Worldwide)

27.7K

Industries

Power & Utilities
IT Consulting & Services

Company Description

Southern Company is an American gas and electric utility holding company based in the southern United States. It is headquartered in Atlanta, Georgia, with executive offices also located in Birmingham, Alabama. The company is currently the second largest utility company in the U.S. in terms of customer base. Through its subsidiaries it serves 9 million gas and electric utility customers in 6 states. Southern Company's regulated regional electric utilities serve a 120,000-square-mile (310,000 km2) territory with 27,000 miles (43,000 km) of distribution lines.

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Executives & Employees

President, Chairman of the Board & Chief Executive Officer

Chief Operating Officer & Executive Vice President

Executive Vice President, Chief Legal Officer & Chief Compliance Officer

Chief Executive Officer, Southern Powersecure Holdings

Chairman, President & Chief Executive Officer, Southern Company Gas

Chairman, President & Chief Executive Officer, Southern Nuclear Operating Company

Chairman of the Board, President & Chief Executive Officer of Mississippi Power

Executive Vice President, Chairman & Chief Executive Officer of Southern Power

Executive Vice President & Chief Information Officer

President, Southern Company Gas Services

Board of Directors

Former President, Chairman of the Board & Chief Executive Officer at The Southern Company

Former Chief Executive Officer at Vulcan Materials Company

Former Founding Partner at Maynard Cooper & Gale PC

Former Chief Executive Officer & President at PG&E Corp.

Former Chief Executive Officer of SunTrust Bank, Central Group, Executive Vice President at SunTrust Banks, Inc.

Chief Executive Officer at Nuclear Threat Initiative

Chief Operating Officer & Executive Vice President at The Baranco Automotive Group

Chief Executive Officer & Director at Capital City Services Co.

Former Chief Executive Officer & Director at Tae Technologies, Inc.

Founder at Grain Management, LLC

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The Southern Company
Owners & Shareholders
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MFS Investment Management employs a variety of methods to evaluate securities, including fundamental analysis and quantitative analysis. The firm offers fundamental, active and research-driven equity strategies that strive for less volatility relative to benchmarks and greater value through changing markets. Fixed income strategy offers total return focused and credit-oriented approach. Multi-Asset strategy is goal-oriented, diversified and disciplined investment approach that combines broad diversification across multiple asset classes, active asset allocation, and bottom-up security selection. MFS' retirement solutions are designed with a goal of maximizing growth and supporting income over a lifetime by focusing on long-term returns. MFS Blended Research is an approach to active equity management that combines the firm’s fundamental research expertise with highly systematic quantitative research.

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Franklin Advisers provides advisory services to a range of products and separate accounts which utilize various investment strategies including: equity, fixed income, core, hybrid, and multi-asset strategies. The accounts advised by the firm accommodate a variety of investment goals and risk tolerance – from capital appreciation (with more growth-oriented strategies) to capital preservation (with fixed income strategies). Each portfolio emphasizes different strategies and invests in different types of securities.

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NWQ is a long-term investor which implements its investment strategies through an active research-driven, fundamentals-based, value-oriented process across the capitalization spectrum. Utilizing a corporate finance-oriented, cash flow focused discipline to identify potential investments trading at attractive absolute valuations, the firm typically invests in companies that it believes are undervalued, have downside protection, and possess catalysts or inflection points expected to help unlock value. NWQ employs a conservative approach to risk-adjusted performance by remaining disciplined in their approach, while weighing downside risk. Their stock selection process is driven by bottom-up fundamental research. NWQ’s research analysts constantly evaluate companies within their defined investable universe based upon a variety of both qualitative and quantitative criterion.

Recent Transactions
Details Hidden

Southern Power Co., The Southern Company purchase Deuel Harvest Wind Farm from Invenergy LLC

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The Southern Company purchases Invenergy LLC /56-Mw Beech Ridge Ii Wind Park from Invenergy LLC

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Dominion Energy, Inc. purchases Pivotal LNG, Inc. from The Southern Company

Insider Transactions
Details Hidden
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Transaction Advisors
Accountant

Advised onThe Southern Company purchases Consolidated Electric Power Asia Ltd. from Hopewell Holdings Ltd.

Legal Advisor

Advised onThe Southern Company purchases Southern Company Gas

Legal Advisor

Advised onThe Southern Company purchases Southern Company Gas

Legal Advisor

Advised onThe Southern Company purchases Southern Company Gas

Associate

Advised onAustin Energy purchases Southern Power Co. /Nacogdoches Generating Facility from The Southern Company

Legal Advisor

Advised onThe Southern Company purchases Southern Company Gas

Advisors & Consultants
Legal Advisor

Partner at Jones Day

Advisor

Partner at Troutman Pepper Hamilton Sanders LLP

Legal Advisor

Partner at Jones Day

Clients

Morgan Stanley operates as a global financial services company. The firm provides investment banking products and services to its clients and customers including corporations, governments, financial institutions, and individuals. It operates through the following business segments: Institutional Securities, Wealth Management, and Investment Management. The Institutional Services segment provides financial advisory, capital-raising services, and related financing services on behalf of institutional investors. The Wealth Management segment offers brokerage and investment advisory services covering various types of investments, including equities, options, futures, foreign currencies, precious metals, fixed-income securities, mutual funds, structured products, alternative investments, unit investment trusts, managed futures, separately managed accounts, and mutual fund asset allocation programs. The Investment Management segment provides equity, fixed income, alternative investments, real estate, and merchant banking strategies. The company was founded by Harold Stanley and Henry S. Morgan on September 16, 1935 and is headquartered in New York, NY.

Salesforce.com, Inc. provides enterprise cloud computing applications. It provides a comprehensive customer and collaboration relationship management service to businesses of all sizes and industries and also provides a technology platform for customers and developers to build and run applications. The company has designed and developed its applications to be easy-to-use and intuitive solutions that can be deployed rapidly, customized easily and integrated with other software applications. Salesforce.com offers its services on a subscription basis, primarily through its direct sales efforts and indirectly through partners. The company operates in one segment. It was founded by Marc Benioff, Parker Harris, Dave Moellenhoff, and Frank Dominguez in February 1999 and is headquartered in San Francisco, CA.

Duke Energy Corp. engages in the distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure; Gas Utilities and Infrastructure; and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations in Duke Energy's regulated electric utilities in the Carolinas, Florida and the Midwest. The Gas Utilities and Infrastructure segment focuses on Piedmont, Duke Energy's natural gas local distribution companies in Ohio and Kentucky, and Duke Energy's natural gas storage and midstream pipeline investments. The Commercial Renewables segment acquires, develops, builds, operates, and owns wind and solar renewable generation throughout the continental United States. The company was founded on April 30, 1904 and is headquartered in Charlotte, NC.

Key Stats and Financials As of 2020
Market Capitalization
$66.4B
Total Enterprise Value
$120B
Earnings Per Share
$2.93
Revenue
$20.2B
EBITDAMargin
44.16%
Net Profit
$3.13B
EBITDA
$8.94B
Enterprise Value EBITDAOperating
13.21x
TEVNet Income
38.27x
Debt TEV
0.43x
Enterprise Value / Sales
5.93x
Total Debt
$51B
Total Equity
$32.5B
Three Year Compounded Annual Growth Rate Of Revenue
-4.33%
Non-Profit Donations & Grants
Political Donations
$2,000
2014
$1,500
2014
$1,500
2014
Investments
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Station A, Inc. operates as a software company. It engages in collecting, analysing and developing clean energy solutions. The company was founded by Kevin Berkemeyer, Sam Steyer, Jeremy Lucas, and Manos Saratsis in 2018 and is headquartered in San Francisco, CA.

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Advanced Microgrid Solutions (AMS) is pioneering the use of energy storage systems for electric utility grid support. Using a technology-agnostic approach, the company designs, finances, installs and manages advanced energy storage solutions for commercial, industrial and government building owners.

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Perfect Commerce LLC develops cloud-based procurement solutions and sell-side ecommerce software for the public and private market sectors. Its services include implementation, tail spend management, auctions as a service, catalog content, strategic sourcing, and group purchasing. The company was founded in 1994 and is headquartered in Newport News, VA.

Investors
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Director at Eaton Corporation

Suppliers
Williams Industrial Services Group, Inc. Other Manufacturing | Irving, TX

Global Power, is a design, engineering and manufacturing firm providing a broad array of equipment and services to the global power infrastructure, energy and process industries. Through its Services Division, the Company provides on-site specialty support and outage management services for commercial nuclear reactors in the United States and maintenance services to fossil and hydroelectric power plants and other industrial operations. Through its Products Division, the Company designs, engineers and manufactures a comprehensive portfolio of equipment for gas turbine power plants and power-related equipment for industrial operations, with over 40 years of power generation industry experience. With a strong competitive position in its product lines, the Company benefits from a large installed base of equipment in domestic and international markets

Select Income REIT Trusts & Funds | Newton, MA

Select Income REIT operates as a real estate investment trust which owns and invests in single tenant leased properties. Its portfolio includes office and industrial properties as well as leasable land parcels and easements. The company was founded on December 19, 2011 and is headquartered in Newton, MA.

Pike Corp. Automobiles | Mount Airy, North Carolina

Pike Corp. engages in the provision of construction, repair, and engineering services for distribution and transmission powerlines and substations. It also offers renewable maintenance services, storm restoration, gas distribution, system hardening, testing and commissioning, renewable system design, technical services, and project management services. The company was founded by Floyd S. Pike in 1945 and is headquartered in Mount Airy, NC.

Awards & Honors
Rank #162
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #162
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
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