Valued at a market cap of $94.5 billion, The Southern Company (SO) engages in the generation, transmission, and distribution of electricity. Based in Atlanta, Georgia, the company also develops and manages power generation assets, including renewable energy projects and provides gas distribution and marketing services as well.
Companies valued at $10 billion or more are generally considered “large-cap” stocks, and Southern Company fits this criterion perfectly. Southern Company’s valuation above this mark is not surprising, considering it serves approximately nine million electric and gas utility customers through its several wholesale and retail electric and natural gas distribution units, making the company one of the largest utilities in the United States.
