The President of Southern Co (NYSE: SO) is Selling Shares

By Carrie Williams

Yesterday, the President of Southern Co (NYSE: SO), Wilson Anthony, sold shares of SO for $109.5K.

Based on Southern Co’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $6.22 billion and quarterly net profit of $1.08 billion. In comparison, last year the company earned revenue of $5.18 billion and had a net profit of $233 million. The company has a one-year high of $53.51 and a one-year low of $42.63. SO’s market cap is $44.78B and the company has a P/E ratio of 79.24.

Based on 5 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $47.13, reflecting a -7.5% downside. Three different firms, including Merrill Lynch and Credit Suisse, currently also have a Sell rating on the stock.

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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.