Allworth Financial LP increases stake, Southern Co. beats earnings estimates, raises dividend, and analysts raise price targets.
Allworth Financial LP increased its stake in The Southern Company to 32,860 shares, valued at $2.96 million. CEO James Y. Kerr II sold 30,000 shares amid other institutional trading. Southern reported earnings of $1.10 per share, exceeding estimates, and a revenue increase to $6.46 billion. The company announced a quarterly dividend of $0.72. Analysts have raised price targets, with a consensus rating of "Hold." Southern has a market cap of $100.46 billion.
October 28, 2024
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