Fannie Mae, Freddie Mac shares tumble after conservatorship comments
Christopher Cummiskey, Executive Vice President of Southern Co (NYSE:SO), sold 12,335 shares of the company’s common stock on May 23, 2025. The shares were sold at a price of $89.54 each, totaling approximately $1.1 million. The transaction comes as Southern Co, a utility giant with a market capitalization of nearly $99 billion, trades near its 52-week high of $94.45. According to InvestingPro analysis, the company maintains a "GOOD" Financial Health score and has demonstrated remarkable dividend consistency, raising payouts for 23 consecutive years. Following this transaction, Cummiskey holds 22,502.4417 shares directly. Additionally, he maintains an indirect ownership of 5,662.6702 shares through a 401(k) plan. The stock currently offers a 3.3% dividend yield, with InvestingPro analysis indicating the company is trading above its Fair Value. For deeper insights into insider trading patterns and access to 12+ additional exclusive ProTips, explore Southern Co’s comprehensive Pro Research Report.
In other recent news, Southern Company reported its first-quarter earnings for 2025, surpassing expectations with an earnings per share (EPS) of $1.23, higher than the forecasted $1.19. The company also reported revenue of $7.78 billion, exceeding the projected $7.31 billion. Scotiabank (TSX:BNS) analyst Andrew Weisel maintained a Sector Outperform rating for Southern Company, with a price target of $98, citing the company’s consistent EPS growth and low risks due to favorable regulatory environments. Weisel noted that despite soft demand trends, the company’s management expressed a positive outlook. Additionally, Southern Company upsized its convertible notes offering to $1.45 billion, with proceeds intended to repurchase existing notes and reduce commercial paper borrowings. The company’s strategic position to capitalize on data center growth and domestic manufacturing was also highlighted. These developments reflect Southern Company’s strong financial health and strategic positioning in the energy sector.
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