The Chair, President & CEO, SCS of Southern Co is Exercising Options

By Carrie Williams

Today it was reported that the Chair, President & CEO, SCS of Southern Co (SOResearch Report), Mark Lantrip, exercised options to sell 33,000 SO shares at $41.28 a share, for a total transaction value of $1.63M.

Following Mark Lantrip’s last SO Sell transaction on December 06, 2018, the stock climbed by 2.7%. In addition to Mark Lantrip, one other SO executive reported Sell trades in the last month.

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Based on Southern Co’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $6.2 billion and quarterly net profit of $1.17 billion. In comparison, last year the company earned revenue of $5.76 billion and had a net profit of $501 million. SO’s market cap is $50.8B and the company has a P/E ratio of 20.59. Currently, Southern Co has an average volume of 3.82M.

Based on 9 analyst ratings, the analyst consensus is Hold with an average price target of $47.44, reflecting a -3.6% downside.

The insider sentiment on Southern Co has been negative according to 62 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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The Southern Co. is a holding company, which engages in the sale of electricity. It operates through the following segments: Traditional Electric Operating Companies, Southern Power, Southern Company Gas, and All Other.