Southern Co (SO): Stephen E Kuczynski , Pres. & CEO, Southern Nuclear of Southern Co sold 62,729 shares on May 4, 2016. The Insider selling transaction was reported by the company on May 5, 2016 to the Securities and Exchange Commission. The shares were sold at $51.43 per share for a total value of $3,226,190.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 3, 2016, Stephen E Kuczynski (Pres. & CEO, Southern Nuclear) sold 75,000 shares at $50.45 per share price.On May 2, 2016, Christopher C Womack (EVP & Pres. External Affairs) sold 101,022 shares at $50.00 per share price.Also, On Apr 4, 2016, Ann P Daiss (Comptroller) sold 17,830 shares at $51.38 per share price.On Mar 8, 2016, Ii James Y Kerr, (Executive VP & General Counsel) purchased 1,000 shares at $48.52 per share price.
Southern Co: On Wednesday, May 4, 2016 heightened volatility was witnessed in Southern Co which led to swings in the share price. The shares opened for trading at $50.32 and hit $51.54 on the upside , eventually ending the session at $51.36, with a gain of 1.70% or 0.86 points. The heightened volatility saw the trading volume jump to 62,79,429 shares. The 52-week high of the share price is $51.79 and the company has a market cap of $46,884 M . The 52-week low of the share price is at $41.4.
Company has been under the radar of several Street Analysts.Southern Co is Reiterated by Argus to Buy and the brokerage firm has raised the Price Target to $ 54 from a previous price target of $50 .The Rating was issued on Feb 17, 2016.
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 Company’s 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.