The Southern Company JR SUB NT 76 (SOJB)

The Southern Company JR SUB NT 76 (SOJB) — VMCI valuation read

The Southern Company JR SUB NT 76 (SOJB) carries a VMCI composite of 54/100, 4 points above the Utilities sector median of 50. Among mid-cap names, that gap places SOJB in the top third on the five-pillar weighting (Value 35%, Quality 30%, Integrity 15%, Growth 12%, Risk 8%).

The SOJB insider tape has been silent for the past 30 days on Form 4. Where executives neither buy nor sell, the bull and bear cases lean harder on filings cadence and the next earnings line.

**Investor frame.** Value reads SOJB trades at 24.0x earnings, 33% above the Utilities median of 18.0x, which compresses or extends through the 11.0x EV/EBITDA versus a Utilities 12.0x. Quality: ROIC of 10.0% sits 0.0pp above the Utilities median (10.0%). Risk: net debt to EBITDA of 3.4x is the binding constraint on the bear case, the line to track on The Southern Company JR SUB NT 76's next 10-Q.

SOJB fell 0.9% over the trailing 7 days, with a -12.5% read on a 30-day basis.