Insider transaction details
On March 18, 2026, Stan W. Connally, Jr., who serves as Executive Vice President and Chief Operating Officer of Southern Company, sold 12,500 shares of Southern Co (NYSE: SO) at $97.13 per share. The reported transaction totaled approximately $1.21 million. After the sale, Connally is recorded as owning 161,481 shares of Southern Company common stock directly. In addition to his direct holdings, Connally also has an indirect stake of 15,562.7052 shares through a 401(k).
Valuation context and shareholder returns
The share sale takes place while the $107.86 billion utility company is trading above its InvestingPro Fair Value, an indication used by InvestingPro to suggest the stock may be overvalued at current market levels. InvestingPro Tips referenced in the company profile note that Southern Company has increased its dividend for 24 consecutive years and currently yields 3.07%.
Capital markets activity
Separately, Southern Co announced the issuance of $1.3 billion in Series 2026A 6.00% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due April 1, 2058. The notes are part of the company’s broader financing efforts and were underwritten with the support of multiple financial institutions, including Citigroup Global Markets and J.P. Morgan Securities.
Earnings and analyst coverage
On the corporate results front, Southern Company reported fourth-quarter 2025 adjusted earnings per share of $0.55, up from $0.50 in the comparable prior-year quarter. For the full year 2025, adjusted EPS came in at $4.30, which the company reported as the top end of its guidance range. Market analysts have reacted to the company’s performance and outlook: Evercore ISI upgraded Southern Co to Outperform from In Line and raised its price target to $111 from $103; TD Cowen lifted its price target to $112 from $108 while maintaining a Buy rating, citing the company’s growth strategy in Georgia; KeyBanc moved its rating to Sector Weight from Underweight and commented on valuation shifts.
Leadership appointment at subsidiary
In other corporate personnel news, Mississippi Power, a Southern Company subsidiary, named Fredie Carmichael as vice president of Customer Solutions and Corporate Communications, effective March 16.
This article presents the reported insider sale alongside recent financing, earnings, and analyst activity for Southern Company to provide a consolidated view of current company developments.