Shares of Southern Company (The) (NYSE:SO) traded today at $79.54, eclipsing its 52-week high. Approximately 568,000 shares have changed hands today, as compared to an average 30-day volume of 4.2 million shares.
Based on a current price of $79.37, Southern Company (The) is currently 21.3% above its average consensus analyst price target of $62.50.
Southern Company (The) share prices have moved between a 52-week high of $79.54 and a 52-week low of $60.99 and are now trading 30% above that low price at $79.37 per share.
Southern Co. is one of the largest utilities in the U.S. The company serves 9 million customers with vertically integrated electric utilities in three states and natural gas distribution utilities in four 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 across the U.S. and sells the electricity primarily under long-term contracts.
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