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Southern is one of the largest utilities in the US. The company serves 9 million customers with vertically integrated electric utilities in three states and natural gas distribution utilities in four states. It owns 46 gigawatts of rate-regulated generating capacity, primarily for serving customers in Georgia, Alabama, and Mississippi. Subsidiary Southern Power owns 13 gigawatts of natural gas generation and renewable energy across the US and sells the electricity primarily under long-term contracts.

NiSource is one of the nation's largest natural gas distribution companies with 2.4 million customers in Kentucky, Maryland, Ohio, Pennsylvania, and Virginia. NiSource also serves 1.4 million gas and electric customers in Indiana. The regulated electric utility owns 4 gigawatts of generation capacity, including coal, natural gas, and renewable energy.

Dominion Energy provides regulated electric and natural gas utility operations. A potential all-stock merger with NextEra is currently pending shareholder and regulatory approval. The company generates, transmits, and distributes electricity and has retail and wholesale operations. Dominion's portfolio consists of about 31 GW of generation capacity, 80,400 miles of electric distribution lines, and 10,800 miles of electric transmission lines. Currently, electric service is provided to 3.6 million customers, with natural gas provided to 500,000 customers in South Carolina. Revenues in 2025 were about $16.5 billion, of which 72% was from DEV. The company operates five nuclear generation sites, and Dominion's fuel mix is 41% nuclear, 44% natural gas, 9% coal, and 6% renewable sources. To change this mix, Dominion is developing renewable sources, including solar power. However, it does not expect to achieve net-zero emissions until 2050, in line with peers heavily reliant on coal. Dominion underwent a business review that ended in March 2024. As a result, Dominion sold its LNG operations, three gas distribution companies, and an interest in its Virginia wind farm in 2023 and 2024. These divestitures followed the sale of pipeline assets in 2022. In May 2026, the boards of Dominion Energy and NextEra Energy agreed to combine the two companies, but there has been resistance from Virginia lawmakers. Dominion's market cap is $58 billion, and the stock is a component of the S&P 500.

To make calls on momentum, we look at several factors, including stocks trading above or below key trendlines, highs and lows, and indices versus moving averages. Right now, market momentum is mixed. Currently, 47% of stocks are trading above their 20-day moving averages, just below the demarcation level of 50%. This short-term technical metric had been in a bullish pattern of higher highs and higher lows following a recent low of 34% in May 2026, but has seen recent declines. Despite a more-positive trend over the long term, there is room for further downward movement given the one-year low of 17%. Meanwhile, longer-term trends are more bullish. The percentage of stocks trading above their 100-day moving averages is in positive territory, currently at 58%. This metric last bottomed near 35% in March 2026 and has been in a bullish pattern since. And there is still headroom before the ceiling is hit, given the five-year high of 79%. From a longer-term technical perspective, the percentage of stocks above their 200-day trendline is also positive (current reading of 60%), and this metric has maintained a short-term bullish pattern of higher highs and higher lows that dates to late March. It remains well above a low of 14% in April 2025, but still has room to run before it nears the five-year high of 72%. Turning to the indices, the S&P 500 remains well above the 200-day moving average at 5,574. The trendline's slope is positive, another bullish indicator.