The Southern Company (SO) has been in the spotlight with myriad recent transactions: purchases of large share amounts by Henrietta Hennessy Advisors Inc. and Cvfg LLC, solid commercial data center load trends, and the projected Q4 2024 earning release date set for February 20. The company is favored by institutional owners, holding a significant 69% of the company. This utility magnate is increasingly catching investors' attention, and it is close to becoming a dividend aristocrat. Strategically, SO has initiated executive leadership changes as part of its long-term succession planning, as it continues to lead energy innovation with advanced technologies and R&D investments for a cleaner energy future. Despite some stock sell-offs, the company's stock is soaring to all-time highs, backed by its robust second and third-quarter 2024 earnings and rated very profitable in the renewable energy stock segment. SO also reports a billion-dollar profit in Q2, with a $160M DOE loan to enhance the power grid signaling great potential and resilience.
The Southern Company SO News Analytics from Mon, 22 Apr 2024 07:00:00 GMT to Sat, 18 Jan 2025 14:00:23 GMT -
Rating 8
- Innovation 6
- Information 9
- Rumor -4
