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Southern Company saw increased investment and raised its dividend, reporting strong Q1 earnings.
Sumitomo Mitsui Trust Group Inc. increased its holdings in Southern Company (NYSE:SO) by 0.9%, owning 2,617,558 shares valued at $240.7 million.
Southern Company reported Q1 earnings of $1.23 per share, beating estimates by $0.03, with revenue of $7.78 billion.
Analysts predict 4.29 EPS for the year.
The company also raised its quarterly dividend to $0.74 per share, yielding 3.26%.
Southern Company is involved in electricity generation, transmission, and distribution, including renewable energy projects.
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Southern Company vio un aumento de la inversión y aumentó su dividendo, reportando fuertes ganancias del primer trimestre.