Several stakeholders demonstrate a variety of positions on The Southern Company (NYSE:SO). Investment firms like Baillie Gifford & Co., Kovack Advisors Inc. and Wellington Management Group LLP have been purchasing assets, implying confidence in the organization. Conversely, firms like First Trust Direct Indexing L.P., State of Alaska Department of Revenue, and Fiduciary Alliance LLC have sold shares diminishing their investment.
Despite fluctuating market activity, Southern Co. continues to show growth, having increased its dividend for the 23rd consecutive year and reported higher-than-expected first-quarters earnings for 2024. Its yield is 3.7%, while intrinsic value estimates suggest share prices could be 31% above their current levels. Despite such positive news, imminent reports of second-quarter earnings imply mixed sentiment with some analysts predicting a lukewarm performance.
Promisingly, the company is also extending its environmental efforts, most notably through initiatives with subsidiaries to simplify EV home charging in Southeast America, and partnering with Johnson Energy Storage.
The Southern Company SO News Analytics from Sun, 08 Oct 2023 07:00:00 GMT to Sun, 07 Jul 2024 13:29:08 GMT - Rating 5 - Innovation 3 - Information 6 - Rumor -3
