Southern Company (The) Looks To Continue To Trade Above Its ...| MENAFN.COM

Monday, 15 August 2022 07:09 GMT

Southern Company (The) Looks To Continue To Trade Above Its Annual-High Share Price Today


(MENAFN- Investor Brand Network)

Shares of Southern Company (The) (NYSE:SO) traded at a new 52-week high today of $78.78. So far today approximately 1.1 million shares have been exchanged, as compared to an average 30-day volume of 4.4 million shares.

Southern Co. is one of the largest utilities in the U.S. The company distributes electricity and natural gas to approximately 9 million customers in nine states. It owns 50 gigawatts of rate-regulated generating capacity, primarily for serving customers in Georgia, Alabama, and Mississippi. Subsidiary Southern Power Co. owns 12 gigawatts of mostly non-rate-regulated renewable energy capacity and sells the electricity primarily under long-term power sales agreements. The solar and wind farms are located in Southern's regulated jurisdictions but also in Texas, California, and other states.

Southern Company (The) (NYSE:SO) is currently priced 23.7% above its average consensus analyst price target of $60.03.

In the past 52 weeks, Southern Company (The) share prices are bracketed by a low of $60.99 and a high of $78.78 and is now at $78.64, 29% above that low price.

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