Southern Co (SO): Mark Lantrip , President & CEO, SCS of Southern Co sold 35,884 shares on Jul 5, 2016. The Insider selling transaction was reported by the company on Jul 6, 2016 to the Securities and Exchange Commission. The shares were sold at $54.00 per share for a total value of $1,937,736.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jul 6, 2016, Art P Beattie (Executive Vice President & CFO) sold 123,207 shares at $54.12 per share price.On Jul 5, 2016, Ann P Daiss (Comptroller) sold 7,000 shares at $53.28 per share price.Also, On May 5, 2016, Stephen E Kuczynski (Pres. & CEO, Southern Nuclear) sold 62,729 shares at $51.43 per share price.On May 2, 2016, Christopher C Womack (EVP & Pres. External Affairs) sold 101,022 shares at $50.00 per share price.
Southern Co: On Tuesday, Jul 6, 2016 heightened volatility was witnessed in Southern Co which led to swings in the share price. The shares opened for trading at $53.8 and hit $54.42 on the upside , eventually ending the session at $54.25, with a gain of 0.78% or 0.42 points. The heightened volatility saw the trading volume jump to 63,21,686 shares. The 52-week high of the share price is $54.42 and the company has a market cap of $49,816 M . The 52-week low of the share price is at $41.81.
Company has been under the radar of several Street Analysts.Southern Co is Initiated by Scotia Howard Weil to Sector Perform and the brokerage firm has set the Price Target at $52. The Rating was issued on May 13, 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.