Nordea Investment Management AB Divests from The Southern Company
January 6, 2023
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It is the parent company of several subsidiaries that provide electricity to customers in the southeastern United States. The Southern Company ($NYSE:SO) owns and operates regulated electric and natural gas utilities, as well as provides wholesale energy services. Recently, Nordea Investment Management AB announced that it has sold its shares of The Southern Company.
In addition, the company’s coal-fired power plants have faced stiff opposition from environmental groups due to their contribution to air pollution. Despite these concerns, The Southern Company has stated its commitment to transition to cleaner sources of energy and reduce its carbon footprint. In an effort to reduce its environmental impact, the company has invested in renewable energy sources such as solar and wind power.
Additionally, The Southern Company has implemented efficiency measures such as LED lighting and smart meters for customers. Analysts believe that the company’s assets and investments in renewable energy sources will help it remain competitive in the long term. Furthermore, The Southern Company has been able to maintain a strong customer base and is continuously expanding its services to new markets.
Price History
News surrounding The Southern Company has been mostly mixed lately, yet on Tuesday, SOUTHERN COMPANY stock opened at $71.4 and closed at $71.9, up by 0.7% from its previous closing price of 71.4. This slight increase could be a result of Nordea Investment Management AB’s recent decision to divest from the company. It’s decision to divest from The Southern Company marks a significant shift in their portfolio allocation. It is unclear exactly why the company chose to divest from SOUTHERN COMPANY, but the move could have a major impact on the company’s stock price. The Southern Company is one of the largest electricity providers in the United States, with a portfolio of investments in nuclear, coal, natural gas, and renewable energy sources.
Its stock has seen some ups and downs over the past few months, but many analysts remain optimistic about the company’s future growth prospects. The Southern Company’s stock is likely to be affected by the Nordea Investment Management AB divestment, although the exact impact is still unknown. Investors should watch for further news and updates on SOUTHERN COMPANY’s movements in the coming weeks and months. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Southern Company. More…
| Total Revenues | Net Income | Net Margin |
| 28k | 3.4k | 11.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Southern Company. More…
| Operations | Investing | Financing |
| 6.11k | -7.46k | 1.26k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Southern Company. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 134k | 98.29k | 28.92 |
Key Ratios Snapshot
Some of the financial key ratios for Southern Company are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.6% | -2.9% | 20.8% |
| FCF Margin | ROE | ROA |
| -5.1% | 12.1% | 2.7% |
VI Analysis
Southern Company is an energy conglomerate which provides electricity to millions of customers in the United States. Although its fundamentals reflect its long-term potential, it is important to understand any associated risks when making an investment decision. The VI App provides a Risk Rating that allows investors to assess the overall risk associated with Southern Company. It has been assigned a medium risk investment rating, which is largely informed by its financial and business aspects. The app also identifies potential risks associated with the company’s income statement and balance sheet. Investors can register with the app to gain access to further details on these risk warnings. Investors should also be aware of other potential risks, such as changing government regulations or environmental factors, that may affect the company’s performance. It is important to understand the full range of risks before investing in Southern Company, or any other company for that matter. Overall, Southern Company is an attractive company for long-term investors. However, it is important to weigh the associated risks with any investment decision. The VI App can assist investors in making informed decisions by providing risk ratings and identifying potential risk warnings. More…
VI Peers
In the electric utility industry, there is intense competition between Southern Co and its competitors: NextEra Energy Inc, Avangrid Inc, Entergy Corp. These companies are all vying for market share in the Southeast region of the United States.
– NextEra Energy Inc ($NYSE:NEE)
NextEra Energy Inc is a leading clean energy company with operations in 27 states and Canada. The company has a market cap of 143.98B as of 2022 and a Return on Equity of 4.45%. NextEra Energy Inc is committed to providing clean, safe and reliable energy to its customers. The company has a diversified portfolio of generation assets that includes wind, solar, nuclear and natural gas. NextEra Energy Inc is also one of the largest electric utilities in the United States.
– Avangrid Inc ($NYSE:AGR)
Avangrid Inc is a leading energy services and delivery company with operations in 26 states. It has a market cap of 15.4 billion and a return on equity of 3.84%. The company is involved in the generation, transmission, and distribution of electricity and natural gas. It also provides renewable energy solutions.
– Entergy Corp ($NYSE:ETR)
Entergy Corporation is an integrated energy company engaged primarily in electric power production and retail distribution operations. Entergy owns and operates power plants with approximately 30,000 megawatts of electric generating capacity, including nearly 10,000 megawatts of nuclear power. Entergy delivers electricity to 2.9 million utility customers in Arkansas, Louisiana, Mississippi, and Texas.
Summary
The Southern Company is an electric utility holding company based in the United States. It operates in Georgia, Alabama, Mississippi, and Florida and is a major provider of electricity to business and residential customers in the Southeast. Investment analysis of the Southern Company has been mixed in recent times. Investors have noted the company’s large customer base, strong growth prospects, and relatively stable financials.
However, potential risks include low natural gas prices, potential regulatory changes, and the potential need to invest in new infrastructure. Overall, investors may see the Southern Company as a moderate risk/reward play in the energy sector.
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