Southern Company (The) (NYSE:SO) has climbed 0.08% in the past week and advanced 5.14% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 1.28% and the outperformance has advanced to 4.18% for the last 4 weeks period.
Southern Company (The) (NYSE:SO): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $51.18 and $50.66 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $51.21. The buying momentum continued till the end and the stock did not give up its gains. It closed at $51.15, notching a gain of 0.18% for the day. The total traded volume was 9,984,898 . The stock had closed at $51.06 on the previous day.
The company shares have rallied 19.71% from its 1 Year high price. On Apr 1, 2016, the shares registered one year high at $51.79 and the one year low was seen on Jun 26, 2015. The 50-Day Moving Average price is $49.92 and the 200 Day Moving Average price is recorded at $48.76.
On the companys insider trading activities, The officer (Pres. & CEO, Southern Nuclear), of Southern Co, Kuczynski Stephen E had unloaded 62,729 shares at $51.43 per share in a transaction on May 4, 2016. The total value of transaction was $3,226,152. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Scotia Howard Wiel initiates coverage on Southern Company (The) (NYSE:SO). According to the latest information available, the shares are now rated Sector Perform by the analysts at the agency. The rating by the firm was issued on May 13, 2016. Currently the company Insiders own 1% of Southern Company (The) shares according to the proxy statements. Institutional Investors own 49.98% of Southern Company (The) shares. During last six month period, the net percent change held by insiders has seen a change of -18.9%.
Southern Company is an operating public utility company. The primary business of the Southern Company is electricity sales by the traditional operating companies and Southern Power. Southern Companys business segments are the sale of electricity by the four traditional operating companies and Southern Power. The four traditional operating companies, including Alabama Power, Georgia Power, Gulf Power and Mississippi Power, are vertically integrated utilities providing electric service in four Southeastern states. Southern Company owns all of the common stock of Southern Power Company, which is also an operating public utility company. Southern Power constructs, acquires, owns, and manages generation assets, including renewable energy projects, and sells electricity at market-based rates in the wholesale market. The Company also operates the All Other segment.