Southern Company (The) (NYSE:SO) traded at a new 52-week high today of $72.22. Approximately 453,000 shares have changed hands today, as compared to an average 30-day volume of 6.2 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) share prices have moved between a 52-week high of $72.22 and a 52-week low of $60.12 and are now trading 20% above that low price at $72.11 per share.
There is potential upside of 0.0% for shares of Southern Company (The) based on a current price of $72.11 and an average consensus analyst price target of $72.13.
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