Shares Of The Southern Company (SO) Have Risen Above Previous 52-Week High

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.

Shares of The Southern Company 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.

The Southern Company 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, The Southern Company is currently 0.9% above its average consensus analyst price target of $66.80.

In the past 52 weeks, The Southern Company share prices are bracketed by a low of $51.22 and a high of $67.54 and are now at $67.40, 32% above that low price.

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The preceding post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice.

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