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Southern Company (NYSE:SO) Executive Vice President Christopher Cummiskey has recently sold shares of the company’s common stock. The utility giant, currently trading at $87.80 with a market capitalization of $96.4 billion, has demonstrated strong financial health according to InvestingPro analysis. According to a recent SEC filing, Cummiskey sold a total of 944 shares at a price of $86 each, amounting to a total transaction value of $81,184. Following this transaction, Cummiskey holds 34,837.4417 shares directly. Additionally, he maintains an indirect ownership of 5,662.8945 shares through a 401(k) plan. The company has maintained dividend payments for 55 consecutive years and currently offers a 3.3% yield. Based on InvestingPro’s Fair Value analysis, the stock appears slightly overvalued at current levels. Discover more insights about Southern Company and 1,400+ other stocks through comprehensive Pro Research Reports.
In other recent news, Southern Company reported its fourth-quarter 2024 earnings, which did not meet analyst expectations for earnings per share (EPS). The utility company posted an adjusted EPS of $0.50, falling short of the estimated $0.53. However, Southern Co ’s revenue for the quarter was slightly above expectations, reaching $6.34 billion compared to the forecasted $6.31 billion, marking a 4.9% increase from the previous year. For the full year 2024, the company’s operating revenues totaled $26.7 billion, reflecting a 5.8% rise from 2023.
The company reported fourth-quarter earnings of $534 million, or $0.49 per share, a decrease from $855 million, or $0.78 per share, in the same quarter of the previous year. Adjusted earnings for the quarter were $544 million, or $0.50 per share, down from $700 million, or $0.64 per share, in the prior year. On a full-year basis, Southern Co’s earnings increased to $4.4 billion, or $4.02 per share, from $4.0 billion, or $3.64 per share, in 2023. The adjusted full-year earnings were $4.4 billion, or $4.05 per share, compared to $4.0 billion, or $3.65 per share, the previous year. The company attributed its annual earnings growth to higher utility revenues, although this was partially offset by increased operational expenses.
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