SO Southern Company (The) Common Stock

NYSE · Utilities
$89.41
Price · Aug 24, 2026

About Southern Company (The) Common Stock Company overview from Wikipedia

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 located in Birmingham, Alabama. As of 2021 it is 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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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 located in Birmingham, Alabama. As of 2021 it is 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.

Overview

Southern Company, a for-profit corporation, is one of the largest energy providers in the United States and in 2025, is ranked 163rd on the Fortune 500 listing of the largest U.S. corporations. The company has approximately 31,300 employees. Southern Company subsidiaries are operating or developing renewable power across the U.S., as well as opening the first new nuclear units in the U.S. in 30 years at Plant Vogtle near Augusta, Georgia.

Southern Company's three retail operating companies — Alabama Power, Georgia Power, and Mississippi Power — cover 120,000 square miles (310,000 km2) in three states. Southern Power serves wholesale electricity customers across the country, and Southern Company Gas serves utility customers in seven states.

Southern Company owns the following companies:

Alabama Power - operating company, based in Birmingham, Alabama. Serves the southern two-thirds of Alabama.

Georgia Power - operating company, based in Atlanta. Serves all of Georgia, except for mostly rural counties.

Mississippi Power - operating company, based in Gulfport, Mississippi. Serves the Mississippi Gulf Coast.

Southern Company Services (originally named Southern Services, Inc.) - Birmingham, Alabama - Common Services

Southern Linc - cellular telephone provider - Atlanta, Georgia

Southern Nuclear - engineering and operations for nuclear power plants - Birmingham, Alabama (Southern Company is the majority owner and operator of the Farley, Hatch, and Vogtle nuclear power plants.)

Southern Company Generation - fossil fuels and hydro operations - Birmingham, Alabama.

Southern Power - wholesale power generation - Birmingham, Alabama.

Southern Telecom - wholesale fiber optic communications and data services - Atlanta, Georgia.

Southern Company Gas - serves gas utility customers and operates natural gas pipelines - Atlanta, Georgia.

Southern Natural Gas Company - 6,900-mile pipeline system joint venture with Kinder Morgan - Birmingham, Alabama

PowerSecure - distributed infrastructure technologies - Wake Forest, North Carolina.

Atlanta Gas Light - provides natural gas delivery service to more than 1.6 million customers in Georgia.

Chattanooga Gas - provides retail natural gas sales and transportation services to approximately 66,000 customers in Hamilton and Bradley counties in southeast Tennessee.

Nicor Gas - Provider of natural gas throughout northern Illinois.

Virginia Natural Gas - Provider of Natural Gas in southeastern Virginia.

Sequent Energy Management - optimizes natural gas assets and effectively utilize transportation and storage services.

Southern Wholesale Energy - markets the retail operating companies' surplus generating capacity to the wholesale market.

Southern Company Transmission - conducts transmission business in accordance with the Southern Companies Open Access Transmission Tariff approved by FERC.

Prior to 2019, Southern Company also owned Gulf Power, an electric utility based in Pensacola, Florida that serves most of the Florida Panhandle. An agreement was reached in May 2018 to sell Gulf Power to rival utility company NextEra Energy. The sale was completed on January 1, 2019. Gulf Power would become the Northwest Florida division of Florida Power & Light (FPL) in 2021, with the Gulf Power name retired in favor of FPL in 2022.

History

Southern Company can be traced back to 1924, when Southeastern Power & Light was formed as a holding company for Alabama Traction, Light and Power (formed 1906), the immediate forerunner of Alabama Power. Later that year, it formed Mississippi Power as a subsidiary, with Gulf Power following in 1925. In 1926, it merged with Georgia Power (formed 1902).

In 1930, Southeastern Power & Light merged into the Commonwealth & Southern Corporation. The new system included five Northern companies and six Southern companies. However, in the late 1940s Commonwealth & Southern was dissolved to meet the Public Utility Holding Company Act of 1935. Four of Commonwealth & Southern's Deep South operating companies—Alabama Power, Georgia Power, Gulf Power, and Mississippi Power—were deemed to be an integrated system and thus were allowed to remain under common ownership. A new holding company, Southern Company, was incorporated in Delaware on November 9, 1945. It commenced operation in 1949, and moved to Georgia in 1950. In 1954–55, the company was involved in the Dixon-Yates contract with the Atomic Energy Commission, and the associated political controversy.

In 1981, Southern Company became the first electric utility holding company in 46 years to diversify its operations by forming an unregulated subsidiary. In January 1982, Southern Energy, Inc., began official operations as a global energy company, growing to serve 10 countries on four continents. On April 2, 2001, Southern Company completed the spinoff of Southern Energy as Mirant Corporation. Another Southern Company subsidiary—Southern Nuclear—began providing services in 1991 to the system's nuclear power plants.

In 1996, Southern Communications Services began providing digital wireless communications services to Southern Company's subsidiaries and also began marketing these services to the public within the Southeast as Southern Linc. Southern Telecom, a telecommunications subsidiary of Southern Company, was founded in 1997. Southern Telecom provides colocation and dark fiber optic lines to network businesses. On January 9, 2001, Southern Company received final approval from the Securities and Exchange Commission to form Southern Power, a subsidiary to own, manage and finance wholesale generating assets in the Southeast. The new subsidiary targets wholesale customers. On July 19, 2002, Southern Company Gas received certification from the Georgia Public Service Commission to enter the retail gas market. After nearly four years of operations, the company was sold and customers transferred to Cobb EMC's newly formed affiliate, Gas South. In 2011, Southern Company and Turner Renewable Energy purchased a 30 MW solar project from First Solar. Located in Cimarron, New Mexico, it began generating electricity in 2011. In June 2012, the Nacogdoches Generating Facility began its commercial operation. The facility is a 115 MW biomass-fueled electric generating plant, located near Sacul in Nacogdoches County, Texas.

In 2016, Southern Company acquired PowerSecure, a distributed energy infrastructure technologies company, and AGL Resources (which was renamed Southern Company Gas). The takeover of AGL was valued at $12 billion, including $8 billion of equity. As a result of the AGL Resources merger, Southern Company doubled its customer base to approximately 9 million and expanded its footprint and broadened the scope of its business by increasing its natural gas presence. In 2018, Southern Company sold Gulf Power and its gas plant shares of 100% in Plant Oleander and 65% in Stanton Energy Center to NextEra for $6.5 billion.

In September 2023, it was announced Southern Company's subsidiary, Southern Power had acquired the 200MW Millers Branch Solar Facility in Haskell County, Texas from EDF Renewables North America, for an undisclosed amount.

In February 2026, the United States Department of Energy (DOE) awarded a $26.54 billion loan to Southern Company, the largest loan in DOE's history. The loan will finance 16 GW of power, including about 5 GW of new natural gas generation, 6 GW of nuclear upgrades and license renewals, hydropower modernization, battery energy storage systems, and 1,300 miles of transmission infrastructure and grid enhancement projects. The loan will be split between subsidiaries Georgia Power receiving $22.4 billion and Alabama Power receiving $4.1 billion.

Governance

Board of directors

Christopher C. Womack – Chairman of the Board, President and CEO

Janaki Akella

Shantella E Cooper

David J. Grain

Donald M. James

John D. Johns

Executive management

Christopher C. Womack – Chairman of the Board, President and CEO

Bryan Anderson – Executive Vice President and President of External Affairs

David P. Poroch – Executive Vice President and CFO

Stan W. Connally, Jr. – Executive Vice President and COO

Chris Cummiskey – Executive Vice President and CCO

Martin B. Davis – Executive Vice President and CIO

Sloane Drake – Executive Vice President and CHRO

Plant Vogtle

Southern Company subsidiaries operate hydroelectric, gas, coal, and nuclear generation sources to generate approximately 200 terawatt-hours of electricity. In 2009, coal represented 57 percent of the company's output, followed by nuclear (23%) and natural gas (16%). Renewable hydroelectric power represented 4 percent of Southern's generation. Coal-based generation dropped significantly in 2009 from an average of 70% between 2005 and 2008. As of 2017 Coal-based generation had dropped to 30%.

In June 2010, the United States Department of Energy awarded an $8.3 billion loan guarantee to facilitate the construction of two new nuclear reactors at Plant Vogtle, near Augusta, Georgia. A Southern Company subsidiary, Georgia Power, owns 45.7% of the current 2,430 MW facility, with co-owners Oglethorpe Power (30%) Municipal Electric Authority of Georgia (22.7%) and the City of Dalton (1.6%). The plant is operated by Georgia Power. The $14 billion construction project is scheduled to be completed by 2022 and would double the plant's capacity.

The construction of two 1,154 MW reactors has been hailed by Energy Secretary Steven Chu as "the first new nuclear power plant to break ground in decades". It is expected to create up to 3,500 jobs during the construction phase, and 800 once operational. However, in March 2017 Westinghouse Electric Company, who were building the plant, filed for Chapter 11 bankruptcy because of $9 billion of losses from its two U.S. nuclear construction projects. The U.S. government had given $8.3 billion of loan guarantees on the financing of the four nuclear reactors being built in the U.S., and it is expected a way forward to completing the plant can be agreed.

Commercial operations of the plant’s Unit 3 began in July 2023, while Unit 4’s commercial operations began in April 2024. The added reactors will supply enough energy for about 1 million customers.

Plant Ratcliffe

In September 2013 the EPA introduced new provisions regarding output of carbon emissions in new power facilities. The proposed emission limit for new energy sources will be 1,100lbs of carbon dioxide per megawatt hour of electricity. Preemptively recognizing the need for these changes, Southern Company broke ground on its 21st-century clean coal facility in June 2010. Southern's subsidiary, Mississippi Power will operate the plant. The Kemper County Energy Facility, or Kemper Project, takes advantage of the abundant lignite, or poor quality coal, available in Mississippi. Additionally, it employs Transport Gasifier (TRIG) technology. TRIG technology is built on the idea of dry-feed, non-slag gasifiers, which operate at lower temperatures than other coal gasifiers. This dry-feed is crushed, heated, and circulated in the gasifier, producing a flammable synthetic gas, syngas. Syngas can generate electricity with fewer emissions. Of course, other byproducts are produced, like ammonia and sulphuric acid. These particular products are sold for commercial use.

The EPA considers the Kemper Coal Project and other planned facilities like it, to be a lifeline for the coal industry in the wake of the new climate change plan. Between 2010 and 2014, approximately 150 coal plants were shut down.

As of April 2014, the US Department of Energy had invested $270m in this project. Southern Company, and its subsidiary, Mississippi Power anticipate that the Kemper Coal Plant will generate enough energy to serve more than 187,000 customers. Upon opening, the Kemper Coal Project is expected to be capable of stripping out at least 65% of the carbon dioxide, significantly exceeding the EPA's proposed requirement of 40%.

Partnerships

Southern Company works with the U.S. Department of Energy on a variety of projects including transmission and distribution of infrastructure and smart grid initiatives, environmental research programs, and nuclear generation. One of the more significant joint efforts, the DOE's National Carbon Capture Center, is managed by Southern Company and represents national efforts to reduce greenhouse gas emissions from coal-based power generation. At this location, Southern Company has been working with scientists and technology developers from government, industry, and universities who are creating the next generation of carbon capture technologies.

Along with the DOE, Southern Company has been working with KBR, another technology partner, to perfect its TRIG advanced coal gasification technology. This process of breaking down "dirty coal", or lignite, into its chemical components is not only cleaner, but it is also less expensive and more reliable. This technology is currently being implemented at Southern Company's Kemper County power plant, one of the few new coal facilities working to keep the U.S. coal industry alive. This new facility will be built on a lignite seam, is expected to strip out two-thirds of carbon dioxide emissions, leaving emissions at about the same level as natural gas. The Kemper Coal Plant is expected to fall well under new regulations implemented by the EPA, which limits coal plants to 1,100lbs of carbon dioxide emissions per megawatt hour of electricity.

In an effort to make this technology more attainable, Southern Company has partnered with China's Shenhua Group to collaborate on further research, development, and deployment of clean coal technologies in the US, China, and around the world. This partnership with Shenhua, who is currently expected to add more than 400,000 megawatts of coal-fired capacity by 2035, could lead to wide deployment of TRIG-equipped power plants across Asia. TRIG technology has the potential to not only assist China with their growing carbon issue, but also enable the country to tap into their own low quality coal.

In 2009, the U.S. Department of Energy granted Southern Company a $165 million Smart Grid Investment Grant to implement a smart grid and to make the grid more reliable. Through matching funds and other investments, the company spent $363 million on the initiative, which it completed in 2014. The upgraded smart grid allows Southern Company the ability to monitor and control its electric infrastructure in real time and respond to problems.

Financial data

Political donations

In May 2018, it was reported that Southern Company had donated $1 million to America First Policies, a pro-Donald Trump advocacy group.

Controversies

Environmental impact

Southern Company is the third-largest producer of greenhouse gas emissions in the United States, emitting 86,244,286 metric tons of carbon dioxide equivalent in 2019. In 2005, the company announced it would open a Mercury Research Center at Plant Crist Pensacola, Florida, hoping to find new ways to reduce mercury emissions. On April 25, 2006, Alabama Power, a subsidiary of Southern Company, agreed to pay $200M to settle allegations that its coal-fired James H. Miller, Jr. Plant near West Jefferson, Alabama emitted harmful amounts of SO2 and NOx.

In response to growing public and financial community interest, the company has enacted assorted environmental measures. Southern Company participates in Renew Our Rivers, a volunteer program to remove debris from rivers and other waterways throughout the Southeast, which claims over 11 million pounds of trash removed or recycled in Renew Our Rivers events. The company also manages and operates the National Carbon Capture Center, a focal point of the US Department of Energy's efforts to develop carbon capture and greenhouse gas reduction technologies, under which various projects to test geologic sequestration are in progress at Plant Gorgas in Alabama, Plant Daniel in Mississippi and other company sites. However, critics have argued that CCS seldom works and prolongs the life of fossil fuels.

Climate change denial

Southern Company has a long history of funding climate change denial and has been a "driving force behind climate disinformation", sponsoring campaigns in opposition to climate science, against limiting greenhouse gas emissions, and slowing the transition to renewable energy sources.

Between 1993 and 2004 Southern Company paid over $62 million to organizations that spread disinformation about climate change. The utility paid for advertising claiming that climate change was not real and made payments to public relations companies, industry groups, law firms and thinktanks to dispute the scientific consensus for climate change and attack legislative solutions. The utility paid $20 million to the trade group Edison Electric Institute, which creates media campaigns to attack proponents of global warming. In the 1990s, Southern Company and the Center for Energy and Economic Development hosted energy workshops broadcast to schoolteachers through the company's satellite network to promote pro-coal messages about climate change and the environment.

Southern Company had spent more than $135 million from 2010 to 2020 on lobbying at a federal level.

Kemper Project controversies

In February 2015, the Mississippi Supreme Court ordered Southern Company's subsidiary Mississippi Power to restore $377 million to South Mississippi ratepayers for rate increases related to the Kemper Project, a "clean" coal plant. These fees were derived from Mississippi's Baseload Act, allowing Mississippi Power to charge ratepayers for powerplants under construction.

In May 2016, Southern Company and its subsidiary Mississippi Power announced they were being investigated by the Securities and Exchange Commission related to overruns at the Kemper Project. The project had been repeatedly delayed and costs increased from $2.88 billion to $6.58 billion. In recorded conversations, at least six engineers from the Kemper Project claimed that delays, cost overruns, safety violations, and shoddy work, were in part due to mismanagement or fraud.

In June 2016, Mississippi Power was sued by Treetop Midstream Services over the cancellation of a contract to receive carbon dioxide from the Kemper Project as part of the carbon capture and storage design. Treetop had contracted to buy carbon dioxide from the Kemper plant and had built a pipeline in preparation to receive the gas. Treetop alleged Mississippi Power had fraudulently and "intentionally misrepresenting and concealing the start date" for the Kemper Project, though Mississippi Power stated the suit was without merit.

The company was also found to have unlawfully fired a whistle-blower who had criticized alleged false statements by company management.

Vogtle nuclear power plant

In June 2021, Georgia Power, a subsidiary of Southern Company, was scrutinized by the Georgia Public Service Commission over the lengthy delays and ballooning costs of its new Vogtle nuclear plant in Burke County, Georgia.

Willie Soon

In February 2015, it was revealed that climate change denier Willie Soon had been paid by Southern Company and several other fossil fuel interest groups. Over the course of 14 years, Soon received a total of $1.25m from Southern Company, Exxon Mobil, the American Petroleum Institute (API) and a foundation run by the Koch brothers, the documents obtained by Greenpeace show. At $469,560, Southern Company was the largest donor. The scientist described his studies to fossil fuel executives as "deliverables", and permitted anonymous pre-publication reviews. Soon advanced the widely discredited theory that changes in solar activity are to blame for climate change, and called into question the severity and extent of climate change in all his studies, never revealing his backers.

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

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SO Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$89.41
Market Cap
P/E (TTM)
EPS (TTM)
Revenue (TTM)
Div Yield
ROE
Debt/Equity
52W Range
$84 – $101

SO Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income
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Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

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Peer Median

Profitability Gross, operating and net margins; ROE, ROA, ROIC

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Financial Health Debt, liquidity, solvency — balance sheet strength

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Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

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Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

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Capital Efficiency Asset turnover, inventory turnover, receivables turnover

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Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield
Payout Ratio
5Y Div CAGR
Ex-dateAmount
Aug. 17, 2026$0.7600
May 18, 2026$0.7600
Feb. 17, 2026$0.7400
Nov. 17, 2025$0.7400
Aug. 18, 2025$0.7400
May 19, 2025$0.7400
Feb. 18, 2025$0.7200
Nov. 18, 2024$0.7200
Aug. 19, 2024$0.7200
May 17, 2024$0.7200
Feb. 16, 2024$0.7000
Nov. 17, 2023$0.7000
Aug. 18, 2023$0.7000
May 12, 2023$0.7000
Feb. 17, 2023$0.6800
Nov. 18, 2022$0.6800
Aug. 12, 2022$0.6800
May 13, 2022$0.6800
Feb. 18, 2022$0.6600
Nov. 12, 2021$0.6600

SO Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 33 analysts
  • Strong Buy 5 15.2%
  • Buy 9 27.3%
  • Hold 17 51.5%
  • Sell 2 6.1%
  • Strong Sell 0 0.0%

12-Month Price Target

19 analysts · 2026-08-23
Median target $101.00 +13.0%
Mean target $100.29 +12.2%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Beat Rate
62.5%
Avg Surprise
0.04%
Period EPS Actual EPS Est Surprise
June 30, 2026 $1.13 $1.03 0.10%
March 31, 2026 $1.32 $1.25 0.07%
Dec. 31, 2025 $0.55 $0.59 -0.04%
Sept. 30, 2025 $1.60 $1.55 0.05%
June 30, 2025 $0.92 $0.92 -0.00%
March 31, 2025 $1.23 $1.23 -0.00%
Sept. 30, 2000 $1.03 $0.93 0.10%
June 30, 2000 $0.52 $0.48 0.04%

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
SO
NEE $167.22B 24.3 9.8% 26.5% 13.1%
CEG $110.22B 47.7 8.3% 9.1% 16.8%
DUK $91.19B 18.6 5.6% 15.7% 9.7%
AEP 17.3 10.9% 16.9% 12.7%
ETR 23.6 9.0% 13.7% 11.1%
XEL $46.06B 21.6 9.4%
EXC $44.59B 15.3 5.3% 11.4% 9.9%
PCG $35.32B 13.6 2.1% 10.8% 8.6%
EIX $23.09B 5.2 9.8% 23.1% 26.9%
FE $25.87B 25.4 12.0% 6.8% 8.2%

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Institutional owners (13F) 2,562 filers · $47.6B total · As of June 30, 2026

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
125 (-136 vs prior Q) 109 (+16 vs prior Q) 1,069 (+104 vs prior Q) 727 (-53 vs prior Q) +84.5M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
VANGUARD CAPITAL MANAGEMENT LLC $7,050,489,019 73,665,124 14.82% Shares
STATE STREET CORP $6,202,937,153 64,809,708 13.04% Shares
Capital World Investors $5,984,032,125 62,518,698 12.58% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $2,586,437,465 27,023,691 5.44% Shares
GEODE CAPITAL MANAGEMENT, LLC $2,464,237,665 25,551,541 5.18% Shares
NORGES BANK $1,374,286,682 14,358,862 2.89% Shares
GOLDMAN SACHS GROUP INC $903,161,992 9,436,443 1.90% Shares
FMR LLC $882,472,962 9,220,279 1.85% Shares
AMERIPRISE FINANCIAL INC $785,552,175 8,207,696 1.65% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $706,949,377 7,386,369 1.49% Shares
VANGUARD FIDUCIARY TRUST CO $605,871,673 6,330,286 1.27% Shares
WELLINGTON MANAGEMENT GROUP LLP $461,948,909 4,826,548 0.97% Shares
Pictet Asset Management Holding SA $360,474,774 3,766,323 0.76% Shares
LPL Financial LLC $306,591,140 3,203,334 0.64% Shares
Swiss National Bank $304,319,516 3,179,600 0.64% Shares
Mawer Investment Management Ltd. $289,361,192 3,023,312 0.61% Shares
National Pension Service $280,715,324 2,932,978 0.59% Shares
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND $273,393,509 2,856,478 0.57% Shares
Mitsubishi UFJ Asset Management Co., Ltd. $264,828,996 2,766,994 0.56% Shares
ENVESTNET ASSET MANAGEMENT INC $240,519,003 2,513,008 0.51% Shares
Sumitomo Mitsui Trust Group, Inc. $238,545,977 2,492,383 0.50% Shares
Vanguard Global Advisers, LLC $233,029,348 2,434,744 0.49% Shares
VANGUARD ASSET MANAGEMENT, Ltd $228,996,512 2,392,608 0.48% Shares
BANK OF AMERICA CORP /DE/ $227,772,898 2,379,823 0.48% Shares
Ensign Peak Advisors, Inc $222,082,517 2,320,369 0.47% Shares
RAYMOND JAMES FINANCIAL INC $221,882,632 2,318,281 0.47% Shares
BARCLAYS PLC $216,024,074 2,257,069 0.45% Shares
BANK OF MONTREAL /CAN/ $215,621,518 2,252,863 0.45% Shares
DIMENSIONAL FUND ADVISORS LP $204,032,323 2,131,777 0.43% Shares
California Public Employees Retirement System $194,544,357 2,032,644 0.41% Shares
RHUMBLINE ADVISERS $188,289,215 1,967,290 0.40% Shares
Legal & General Group Plc $182,601,760 1,907,865 0.38% Shares
JENNISON ASSOCIATES LLC $179,068,529 1,870,949 0.38% Shares
COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS $171,902,434 1,796,076 0.36% Shares
Soroban Capital Partners LP $161,585,949 1,688,287 0.34% Shares
BNP PARIBAS FINANCIAL MARKETS $158,164,221 1,652,536 0.33% Shares
Empower Advisory Group, LLC $156,479,281 1,634,931 0.33% Shares
BlackRock, Inc. $147,535,147 1,541,481 0.31% Shares
Energy Income Partners, LLC $141,433,251 1,477,727 0.30% Shares
HighTower Advisors, LLC $141,357,703 1,476,938 0.30% Shares
CANADA PENSION PLAN INVESTMENT BOARD $139,457,605 1,457,085 0.29% Shares
PRINCIPAL FINANCIAL GROUP INC $138,212,609 1,444,077 0.29% Shares
Boston Partners $134,882,860 1,409,287 0.28% Shares
Focus Partners Wealth $134,742,475 1,407,819 0.28% Shares
JANE STREET GROUP, LLC $131,907,522 1,378,200 0.28% Call option
CONFLUENCE INVESTMENT MANAGEMENT LLC $130,753,264 1,366,140 0.27% Shares
MANUFACTURERS LIFE INSURANCE COMPANY, THE $128,955,730 1,347,359 0.27% Shares
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM $123,247,160 1,276,908 0.26% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $111,253,304 1,162,400 0.23% Put option
CAPITAL ADVISORS INC/OK $109,016,009 1,139,024 0.23% Shares
Vanguard Investments Australia, Ltd. $107,776,351 1,126,072 0.23% Shares
Nuveen Asset Management, LLC $105,050,198 1,276,120 0.22% Shares
ALLIANCEBERNSTEIN L.P. $102,789,746 1,064,958 0.22% Shares
NewEdge Advisors, LLC $102,143,309 1,067,217 0.21% Shares
ZACKS INVESTMENT MANAGEMENT $99,330,143 1,037,823 0.21% Shares
Capital International Investors $99,228,300 1,036,760 0.21% Shares
CITADEL ADVISORS LLC $99,174,032 1,036,193 0.21% Shares
NEW YORK STATE COMMON RETIREMENT FUND $98,942,605 1,033,775 0.21% Shares
UBS Group AG $96,899,388 1,012,427 0.20% Shares
JONES FINANCIAL COMPANIES LLLP $93,265,943 959,921 0.20% Shares
STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM $90,561,472 946,207 0.19% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $90,541,660 946,000 0.19% Call option
Stonegate Investment Group, LLC $84,628,591 892,989 0.18% Shares
Portman Square Capital LLP $84,243,942 880,200 0.18% Put option
CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC $83,728,544 874,815 0.18% Shares
COMMONWEALTH EQUITY SERVICES, LLC $83,648,434 873,978 0.18% Shares
APG Asset Management N.V. $79,917,641 954,653 0.17% Shares
Cetera Investment Advisers $78,442,193 819,582 0.16% Shares
Mitsubishi UFJ Trust & Banking Corp $77,634,401 811,142 0.16% Shares
Welch Group, LLC $75,404,248 787,841 0.16% Shares
MACQUARIE GROUP LTD $74,947,343 783,067 0.16% Shares
CITADEL ADVISORS LLC $74,500,664 778,400 0.16% Call option
Korea Investment CORP $72,367,671 756,114 0.15% Shares
Bank Julius Baer & Co. Ltd, Zurich $71,577,705 746,107 0.15% Shares
VICTORY CAPITAL MANAGEMENT INC $67,712,240 707,473 0.14% Shares
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP $67,389,411 704,100 0.14% Shares
Balyasny Asset Management L.P. $67,094,528 701,019 0.14% Shares
Quantinno Capital Management LP $67,013,623 700,173 0.14% Shares
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC $64,833,063 671,706 0.14% Shares
Nuveen, LLC $63,540,338 663,884 0.13% Shares
FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ $62,379,950 651,760 0.13% Shares
FEDERATED HERMES, INC. $62,220,592 650,095 0.13% Shares
Capital Investment Advisors, LLC $62,074,916 648,573 0.13% Shares
Universal- Beteiligungs- und Servicegesellschaft mbH $61,584,213 646,054 0.13% Shares
ROYAL BANK OF CANADA $61,106,000 638,451 0.13% Shares
PRUDENTIAL FINANCIAL INC $58,188,043 607,962 0.12% Shares
Assenagon Asset Management S.A. $57,943,695 605,409 0.12% Shares
STATE OF WISCONSIN INVESTMENT BOARD $57,239,557 598,052 0.12% Shares
Clark Capital Management Group, Inc. $56,773,448 593,182 0.12% Shares
Magellan Asset Management Ltd $56,685,970 592,268 0.12% Shares
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC $53,723,867 570,498 0.11% Shares
CITADEL ADVISORS LLC $52,640,500 550,000 0.11% Put option
SCHRODER INVESTMENT MANAGEMENT GROUP $51,388,376 531,146 0.11% Shares
VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. $50,867,472 531,475 0.11% Shares
OSAIC HOLDINGS, INC. $50,215,062 524,420 0.11% Shares
Asset Management One Co., Ltd. $50,023,227 518,268 0.11% Shares
Investment Management Corp of Ontario $50,001,201 522,424 0.11% Shares
WORLDQUANT MILLENNIUM ADVISORS LLC $49,016,728 512,138 0.10% Shares
Verition Fund Management LLC $48,660,400 508,415 0.10% Shares
OpenArc Corporate Advisory, LLC $48,277,242 504,412 0.10% Shares

Company insiders 59 insiders · 31 officers · 28 directors

Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Ii James Y Kerr, Chairman, President & CEO, GAS Oct. 4, 2024 S 145,088 0 0 $0
Anthony L Wilson President & CEO, MPC Aug. 2, 2024 G 84,168 0 0 $0
Kimberly S, Greene Chairman, President & CEO, GPC May 2, 2024 S 110,630 0 0 $0
Stephen E Kuczynski CEO, Southern Nuclear March 11, 2024 S 126,528 0 0 $0
James Jeffrey Peoples Chairman, President & CEO, APC Feb. 13, 2024 M 18,712 0 0 $0
Christopher C Womack CEO, President and Chairman Feb. 7, 2024 M 85,694 0 0 $0
Mark A. Crosswhite Chairman, President & CEO, APC Feb. 13, 2022 M 194,118 0 0 $0
Mark Lantrip Chairman, President & CEO, SCS Feb. 27, 2021 M 71,568 0 0 $0
William P Bowers Chairman & CEO, GPC Feb. 27, 2021 M 211,821 0 0 $0
Edison G Holland CEO, Mississippi Power Co. Jan. 12, 2015 F 19,582 0 0 $0
Charles D Mccrary President & CEO, APC Jan. 13, 2014 F 27,880 0 0 $0
Susan N Story President & CEO, SCS March 6, 2013 M 8,370 0 0 $0
Iv Edward Day, President and CEO, MPC Feb. 11, 2013 A 4,203 0 0 $0
James H Miller III President & CEO, So Nuclear May 11, 2011 M 1,079 0 0 $0
Alan C Martin Pres & CEO, SCS Sept. 22, 2010 M 1,691 0 0 $0
David M Ratcliffe President, CEO & Chairman April 28, 2010 D 4,662 0 0 $0
Michael D Garrett President & CEO of Ga. Power Feb. 16, 2009 A 0 0 $0
Daniel S Tucker Executive Vice President & CFO Feb. 13, 2024 M 46,153 0 0 $0
Andrew W Evans Executive Vice President & CFO Feb. 27, 2021 M 192,553 0 0 $0
Art P Beattie Executive Vice President & CFO Feb. 12, 2018 M 42,382 0 0 $0
Anthony J Topazi Executive VP & COO June 7, 2012 G 3,624 0 0 $0
Bryan D Anderson EVP & Pres. External Affairs Sept. 6, 2024 S 44,467 0 0 $0
Sterling A Spainhour Jr. EVP, Chief Legal Officer & CCO Aug. 5, 2024 S 12,500 0 0 $0
Sloane N Drake EVP, CHRO July 3, 2024 S 16,771 0 0 $0
Christopher Cummiskey EVP & CCCS Officer Feb. 16, 2024 S 22,502 0 0 $0
Martin Bernard Davis EVP and CIO Feb. 13, 2024 M 89,563 0 0 $0
David P. Poroch Comptroller Feb. 13, 2024 M 34,596 0 0 $0
Stan W Connally Executive Vice President, SCS Feb. 13, 2024 M 140,389 0 0 $0
Ann P Daiss Comptroller Feb. 13, 2023 M 19,689 0 0 $0
Nancy E Sykes EVP & CHRO Feb. 12, 2018 M 3,863 0 0 $0
Ron W Hinson Comptroller March 6, 2013 M 3,247 0 0 $0
Anthony F Earley JR Director Feb. 26, 2026 G 9,261 0 0 $0
Kristine L Svinicki Director Oct. 1, 2024 A 0 0 $0
Janaki Akella Director Oct. 1, 2024 A 0 0 $0
Shantella E. Cooper Director Oct. 1, 2024 A 0 0 $0
Dale E. Klein Director Oct. 1, 2024 A 0 0 $0
Henry A Clark III Director Oct. 1, 2024 A 2,000 0 0 $0
Lizanne Thomas Director Oct. 1, 2024 A 700 0 0 $0
David J Grain Director Oct. 1, 2024 A 500 0 0 $0
John D Johns Director Oct. 1, 2024 A 670 0 0 $0
Donald M James Director Oct. 1, 2024 A 0 0 0 $0
David E Meador Director Oct. 1, 2024 A 0 0 $0
William G Smith JR Director Oct. 1, 2024 A 962 0 0 $0
Ernerst J Moniz Director April 1, 2024 A 3,500 0 0 $0
WOOD E JENNER III Director April 1, 2024 A 5,000 0 0 $0
Colette D Honorable Director July 3, 2023 A 0 0 $0
Thomas A Fanning Director June 9, 2023 S 844,239 0 0 $0
Juanita P Baranco Director April 1, 2022 A 0 0 $0
Steven R. Specker Director April 1, 2021 A 0 0 $0
Jon A Boscia Director April 1, 2021 A 55,000 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 220 ETFs

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
VPU · VANGUARD WORLD FUND 6.87% 7,717,457 SH Aug. 19, 2026 Daily
FUTY · FIDELITY COVINGTON TRUST 6.64% 1,687,042 NS April 30, 2026 N-PORT
IDU · iShares Trust 6.43% 943,119 SH Aug. 21, 2026 Daily
UPW · ProShares Trust 5.47% 11,450 NS May 31, 2026 N-PORT
RCTR · First Trust Exchange-Traded Fund II 4.64% 12,998 NS June 30, 2026 N-PORT
JXI · iShares Trust 4.63% 155,217 SH Aug. 21, 2026 Daily
UTSL · Direxion Shares ETF Trust 4.54% 20,435 NS April 30, 2026 N-PORT
POWR · iShares, Inc. 4.03% 203,421 SH Aug. 21, 2026 Daily
ZAP · Global X Funds 3.53% 166,558 NS April 30, 2026 N-PORT
CCOR · Listed Funds Trust 3.18% 9,068 NS April 30, 2026 N-PORT
RSPU · Invesco Exchange-Traded Fund Trust 3.18% 184,114 SH Aug. 21, 2026 Daily
FPWR · First Trust Exchange-Traded Fund IV 3.17% 8,794 NS April 30, 2026 N-PORT
PUI · Invesco Exchange-Traded Fund Trust 3.06% 17,970 SH Aug. 21, 2026 Daily
TIME · Tidal Trust II 2.88% 4,480 NS May 31, 2026 N-PORT
IGF · iShares Trust 2.82% 3,267,377 SH Aug. 21, 2026 Daily
EMLP · First Trust Exchange-Traded Fund IV 2.67% 1,125,424 NS April 30, 2026 N-PORT
SIXH · EXCHANGE TRADED CONCEPTS TRUST 2.49% 146,865 NS May 31, 2026 N-PORT
SIXA · EXCHANGE TRADED CONCEPTS TRUST 2.49% 131,600 NS May 31, 2026 N-PORT
FDL · First Trust Exchange-Traded Fund 2.32% 1,764,772 NS June 30, 2026 N-PORT
PGX · Invesco Exchange-Traded Fund Trust … 2.29% 4,410,250 Aug. 21, 2026 Daily
PFF · iShares Trust 2.05% 9,976,264 SH Aug. 21, 2026 Daily
MFSV · MFS Active Exchange Traded Funds Tr… 2.00% 102,877 NS May 31, 2026 N-PORT
ESLV · Strategy Shares 1.99% 2,415 NS April 30, 2026 N-PORT
EIPI · First Trust Exchange-Traded Fund VI… 1.96% 223,851 NS May 31, 2026 N-PORT
UPGD · Invesco Exchange-Traded Fund Trust 1.85% 24,228 SH Aug. 21, 2026 Daily
EIPX · First Trust Exchange-Traded Fund IV 1.73% 94,998 NS April 30, 2026 N-PORT
VRP · Invesco Exchange-Traded Fund Trust … 1.63% 48,104,000 Aug. 21, 2026 Daily
HDV · iShares Trust 1.49% 2,495,456 SH Aug. 21, 2026 Daily
FDV · Federated Hermes ETF Trust 1.49% 115,165 NS April 30, 2026 N-PORT
NFRA · FlexShares Trust 1.40% 444,512 NS April 30, 2026 N-PORT
USMV · iShares Trust 1.37% 3,607,796 SH Aug. 21, 2026 Daily
ALTL · Pacer Funds Trust 1.35% 13,396 NS April 30, 2026 N-PORT
VCLN · Virtus ETF Trust II 1.21% 801 NS April 30, 2026 N-PORT
FDVV · FIDELITY COVINGTON TRUST 1.21% 1,152,147 NS April 30, 2026 N-PORT
SPLV · Invesco Exchange-Traded Fund Trust … 1.12% 863,974 SH Aug. 21, 2026 Daily
ACIO · ETF Series Solutions 1.12% 264,462 NS April 30, 2026 N-PORT
ADME · ETF Series Solutions 1.10% 30,097 NS April 30, 2026 N-PORT
ACWV · iShares, Inc. 1.04% 382,899 SH Aug. 21, 2026 Daily
ESUM · Strategy Shares 1.01% 16,096 NS April 30, 2026 N-PORT
PAYR · Federated Hermes ETF Trust 1.00% 3,766 NS April 30, 2026 N-PORT
ELCV · Strategy Shares 0.99% 22,618 NS April 30, 2026 N-PORT
VFMV · VANGUARD WELLINGTON FUND 0.97% 42,194 SH Aug. 19, 2026 Daily
QLV · FlexShares Trust 0.94% 16,471 NS April 30, 2026 N-PORT
ICAP · Series Portfolios Trust 0.94% 11,061 NS May 31, 2026 N-PORT
RBLD · First Trust Exchange-Traded Fund II 0.93% 3,941 NS June 30, 2026 N-PORT
EQWL · Invesco Exchange-Traded Fund Trust 0.92% 281,517 SH Aug. 21, 2026 Daily
ZECP · Zacks Trust 0.92% 34,252 NS May 31, 2026 N-PORT
IQRA · New York Life Investments Active ET… 0.84% 603 NS April 30, 2026 N-PORT
FXU · First Trust Exchange-Traded AlphaDE… 0.83% 77,227 NS April 30, 2026 N-PORT
JOYT · J.P. Morgan Exchange-Traded Fund Tr… 0.81% 7,205 NS April 30, 2026 N-PORT