The EVP, Chief Legal Officer & CCO of Southern Co is Exercising Options

By Carrie Williams

Yesterday it was reported that the EVP, Chief Legal Officer & CCO of Southern Co (SOResearch Report), James Kerr, exercised options to sell 100,000 SO shares at $42.16 a share, for a total transaction value of $5.44M.

Following James Kerr’s last SO Sell transaction on October 24, 2017, the stock climbed by 6.6%. In addition to James Kerr, 6 other SO executives reported Sell trades in the last month.

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SO’s market cap is $56.68B and the company has a P/E ratio of 16.89. Currently, Southern Co has an average volume of 3.4M.

Based on 7 analyst ratings, the analyst consensus is Hold with an average price target of $53.25, reflecting a -2.4% downside.

In the last 30 days, insiders have sold $25.4M worth of SO shares and purchased $63.34K worth of SO shares. The insider sentiment on Southern Co has been negative according to 61 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 and Southern Company Gas.