Significant movements are being observed with The Southern Company (NYSE:SO). Marcum Wealth LLC and Fulton Bank N.A. have reduced their stock holdings in SO, while on the contrary, Virginia Wealth Management Group Inc. and HBW Advisory Services LLC have increased theirs. Cornerstone Management Inc. sold 8,498 shares and amidst all this, there's a general consensus that the company's shares may have progressed too quickly. On the humanitarian front, Southern Company's Georgia Power has restored 95% of power following Hurricane Helene and, along with the company's charitable foundations, donated $3 million for the hurricane relief. Southern Co. has outperformed the broader market and drawn investor attention with its promising Q2 earnings. Despite these developments, their stock fell more steeply than the market average, raising concerns. The company is also undergoing executive leadership changes as part of its long-term strategic succession planning and continues to surge ahead in the AI sector. Simultaneously, the company announced a quarterly dividend and was lauded for leading the US energy transition.
The Southern Company SO News Analytics from Fri, 29 Dec 2023 08:00:00 GMT to Sat, 12 Oct 2024 09:09:47 GMT -
Rating 6
- Innovation 7
- Information 6
- Rumor 7
