Cannon Financial Strategists acquired shares in The Southern Company, reporting earnings surpassing expectations and a 12.4% revenue increase.
Cannon Financial Strategists Inc. acquired 9,827 shares of The Southern Company, valued at $762,000, amid a quarter where the company reported earnings of $1.10 per share, surpassing expectations. Southern's revenue reached $6.46 billion, a 12.4% increase from last year. The company declared a quarterly dividend of $0.72. Institutional investors are actively adjusting their stakes, with several firms upgrading their price targets for the stock.
October 02, 2024
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