The Southern Company (SO) is a popular preference among hedge funds and institutional owners—holding up to 69% of the company. Recently,
Farmers Trust Co acquired 11,605 of the company's shares, and Georgia Power, a subsidiary of SO, restored power to over 230,000 customers post-Winter Storm Cora. Furthermore, Wall Street Analysts are generally bullish on its stock, which recently yielded the company a quarterly dividend. Two new board members were elected to Southern Company Gas' board. Yet, it's also worth noting that International Assets Investment Management LLC sold 1,486,900 shares of the SO. The company also reported a robust performance in the second and third quarters of 2024. Leadership changes were announced at Southern Company Gas as part of its strategic succession plan. SO is also moving steadily towards becoming a dividend aristocrat. The third quarter saw higher electricity sales, overshadowing earnings estimates. The Southern Company is now seen as a leader in energy innovation, with significant investments in advanced technologies and R&D. It continues to perform resiliently, with quarterly revenues slightly missing the mark, but EPS beating expectations. Lastly, charitable foundations under Georgia Power, Southern Company, and Southern Company Gas donated $3 million for Hurricane Helene Relief.
The Southern Company SO News Analytics from Mon, 22 Apr 2024 07:00:00 GMT to Sat, 11 Jan 2025 16:49:06 GMT -
Rating 8
- Innovation 7
- Information 8
- Rumor -3
