The Southern Company (NYSE:SO) has had a busy period, recording several noteworthy achievements and facing challenges head-on. The company announced executive leadership changes for their gas division in line with their strategic succession planning. They experienced a drop in stock holdings from Duff & Phelps Investment Management. The company continues to enjoy strong institutional ownership. Q2 earnings anticipation suggests they are on track with a positive streak in earnings. Georgia Power, owned by Southern Co, has given key damage estimates from Hurricane Helene and are making steady restoration progress. A marked 29% surge in Southern Company's share was noted. Their first and second quarter 2024 earnings indicated strong performance. Southern Co. recorded higher electricity sales for Q2, beating earnings estimates. Improved energy consumption and strong financial results suggest performance is on the upswing. Despite this positive outlook, opinions diverge with some recommending 'Hold' on the company's stock. A few stockholders, including Toronto Dominion Bank, APG Asset Management, and Zions Bancorporation, have trimmed holdings while others have increased them. Lastly, the company is forging ahead with its AI investments and 100% renewable energy commitment for the PGA TOUR Championship.
The Southern Company SO News Analytics from Fri, 22 Dec 2023 08:00:00 GMT to Sun, 29 Sep 2024 20:53:04 GMT -
Rating 7
- Innovation 4
- Rumor -6
