NEW YORK (TheStreet) -- Southern Co. (SO - Get Report) reported better-than-expected earnings and revenue for the 2016 third quarter on Monday.

Before the market open, the Atlanta-based utility holding company posted adjusted earnings of $1.28 per share on revenue of $6.26 billion.

Analysts surveyed by FactSet were projecting earnings of $1.17 per share on revenue of $6.09 billion.

"We are pleased with the performance of our electric and gas businesses so far this year, including the strong performance of our wholesale generation subsidiary, Southern Power," CEO Thomas Fanning said in a statement.

Shares of Southern closed lower on Friday.

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Separately, TheStreet Ratings Team has a "Buy" rating with a score of A on the stock.

The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, good cash flow from operations, notable return on equity and solid stock price performance. 

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: SO