New insider activity at Southern Co ( (SO) ) has taken place on March 5, 2025.
Director Christopher Womack has sold 24,407 shares of Southern Co stock, amounting to a total of $2,199,802. Meanwhile, Director Martin Bernard Davis has sold 1,125 shares, with the transaction valued at $100,811.
Recent Updates on SO stock
Southern Company recently held its Q4 2024 earnings call, reporting record-breaking earnings growth with adjusted EPS at the top of their guidance range, reflecting an 11% increase from 2023. The company announced a significant $63 billion capital investment plan over the next five years, primarily directed towards state-regulated utilities, which is expected to drive a 7% rate base growth. Despite challenges from high interest rates and temporary sales losses due to Hurricane Helene, Southern Company remains optimistic about its long-term growth, projecting a 5% to 7% EPS growth rate. Mizuho raised its price target for Southern Company, citing the revised capex plan as a positive driver for rate base growth, although it maintains a Neutral rating due to perceived fair valuation of the shares.
More about Southern Co
YTD Price Performance: 10.00%
Average Trading Volume: 4,689,316
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $98.48B