The Southern Company (SO) has seen a period of exciting growth, with Gilbert & Cook Inc. acquiring 462 shares and a 31% projected increase in intrinsic value, signalling strong confidence in the company's future. Despite a reduction in ownership by TrinityPoint Wealth LLC, other institutions own a significant 65% stake in the company. Stakeholders are divided over whether Southern Company stock constitutes a good buy, with Wall Street's opinion being similarly polarized. Positive news include
Southern's increased dividends for 23 consecutive years, solid-state battery investment, Bank of America's raised price target, and stronger Q1 2024 earnings beating estimates. The Vogtle Project also secured approval from Georgia PSC, lending further credibility. However, the company did fall short of revenue estimates by 5.5%, potentially causing some concern. Comparatively, first-quarter 2024 earnings, a plausible 10% annual return, and higher projected Q3 2024 earnings offer much-needed reassurance. Southern Co also seems to be navigating the AI boom well, with a favourable outlook for their dividend and stock.
The Southern Company SO News Analytics from Thu, 03 Aug 2023 07:00:00 GMT to Sun, 02 Jun 2024 14:24:01 GMT -
Innovation 5
- Information 9
- Rumor 2
