International Assets Investment Management LLC and other major investment firms and banks, including
Eastern Bank and
Creative Planning, have increased their stake in The Southern Company (SO). Meanwhile, SO shares surged 29% year-to-date, achieving an all-time high stock price. Key developments include the appointment of
Myra Bierria as Senior Vice President and Chief Administrative Officer, and SO's CIO Martin Davis's retirement plans for 2025 were announced. Southern Company continued to exceed earnings expectations, outperforming the broader market and maintaining a strong dividend record, increasing for the 23rd consecutive year. A noteworthy achievement was receiving a $160M loan from the Department of Energy to strengthen the power grid.
High energy consumption boosted SO's second-quarter performance significantly. Despite this success, some analysts such as KeyCorp have a negative outlook for SO's Q4 earnings. Looking at innovation, Southern Company made significant strides in adopting AI and leading the energy transition in the U.S., highlighting its commitment to long-term, strategic succession planning and renewable energy adoption.
The Southern Company SO News Analytics from Thu, 18 Jan 2024 08:00:00 GMT to Sat, 26 Oct 2024 08:41:32 GMT -
Rating 7
- Innovation 5
- Information 7
- Rumor -3
