After browsing numerous reports on The Southern Company (SO), it is clear that the company has witnessed activities relevant to investment and their ongoing business developments. It has garnered abundant interest from investors. Several financial institutions, including Huntington National Bank, Mizuho Securities USA LLC, and Empower Advisory Group LLC, have taken significant stock positions or increased their holdings in the company. Also, Kentucky Retirement Systems and Sheaff Brock Investment Advisors LLC reduced their position in SO, hinting at a mixed sentiment among institutional investors.
In terms of business developments, SO's recent advancements include deploying AI-powered robotic mowers as part of their commitment to clean technology, and the appointment of Alan McIntyre as Vice President of Southern Linc, their wireless subsidiary. They also reported billion dollar revenues for the second and third-quarters and raised their annualized dividend.
Notably, Southern Co's stock has risen to an all-time high, and Citi and Morgan Stanley have also increased their SO price target. Some argue the stock is overvalued, while others see it as a quality investment.
The Southern Company SO News Analytics from Mon, 22 Apr 2024 07:00:00 GMT to Sat, 16 Nov 2024 15:14:35 GMT - Rating 6 - Innovation 5 - Information 6 - Rumor 7
