Shares of Southern Company (The) (NYSE:SO) traded at a new 52-week high today of $67.54. So far today approximately 590,000 shares have been exchanged, as compared to an average 30-day volume of 4.1 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 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.
Based on a current price of $67.40, Southern Company (The) is currently 0.9% above its average consensus analyst price target of $66.80.
In the past 52 weeks, Southern Company (The) share prices are bracketed by a low of $51.22 and a high of $67.54 and is now at $67.40, 32% above that low price.
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