Nwam LLC has increased its position in The Southern Company (NYSE:SO), and so has Vanguard Group Inc., which now holds approximately $7.18 billion stakes in the company. Oppenheimer Asset Management Inc. on the other hand, has scaled down their holdings in Southern Company. The company performed strongly in the Q1 2024 earnings report and has issued a $0.72 quarterly dividend, marking a 23rd consecutive year of dividend increase. The company's annualized rate now stands at $2.88 per share. The Return on Equity (ROE) is expected to surpass the industry average. Despite the market dip, there has been a steady rise in Southern Co.'s stock and analysts have predicted that the intrinsic value of its shares could be 31% more than their present value. The company's fourth-quarter performance was impressive and its electric utility yielded 3.7%. Despite a premium valuation, the growth has been lukewarm. In a span of three years, it will be interesting to see the company's growth trajectory given the improving earnings and decreasing operation costs. Investors will need to watch how the company fares in the Q2 2024 earnings report.
The Southern Company SO News Analytics from Sun, 08 Oct 2023 07:00:00 GMT to Sun, 21 Jul 2024 21:39:12 GMT -
Rating 8
- Innovation 2
- Information 7
- Rumor -6
