The Southern Company (NYSE:SO) traded today at a new 12-month high of $68.21. Approximately 3.7 million shares have changed hands today, as compared to an average 30-day volume of 4.8 million shares.
Over the past year, The Southern Company has traded in a range of $56.69 to $68.21 and is now at $67.59, 19% above that low.
The Southern Company has potential upside of 4.5% based on a current price of $67.59 and analysts’ consensus price target of $70.61.
The 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 generating capacity, primarily for serving regulated customers in Georgia, Alabama, and Mississippi. Wholly owned unregulated Southern Power Co. owns 12 gigawatts of mostly 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.
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