5 Biggest Utility Companies in the US

3. The Southern Company (NYSE:SO)

Market Capitalization as of December 23, 2022: $78 billion

The Southern Company (NYSE:SO) distributes gas and electricity, and it also generates its own electricity. The firm operates nuclear, wind, solar, hydroelectric, and fossil fuel power plants.

The Southern Company (NYSE:SO) is heavily focusing its efforts to build nuclear power plants, with the two plants that are scheduled to come online next year being the first that have been built in the U.S. in three decades. Combined, the pair can generate 2,430 megawatts of electricity.

31 out of the 920 hedge funds polled by Insider Monkey for their September quarter of 2022 investments had held a stake in The Southern Company (NYSE:SO).

The Southern Company (NYSE:SO)’s largest investor is Jim Simons’ Renaissance Technologies which owns 3 million shares that are worth $208 million.

Follow Southern Co (NYSE:SO)