NEW YORK (
) hit a new 52-week high Wednesday as it is currently trading at $40.97, above its previous 52-week high of $40.87 with 2.3 million shares traded as of 10:52 a.m. ET. Average volume has been 5.3 million shares over the past 30 days.
Southern has a market cap of $34.3 billion and is part of the
industry. Shares are up 6.3% year to date as of the close of trading on Tuesday.
Southern Company, through its subsidiaries, operates as a utility company that provides electric service in the southeastern United States. The company generates, transmits, and distributes electricity through coal, nuclear, oil and gas, and hydro resources. The company has a P/E ratio of 17, below the average utilities industry P/E ratio of 17.2 and below the S&P 500 P/E ratio of 17.7.
- Practice your SO trading strategies and win cash in our stock game.
TheStreet Ratings rates Southern as a
. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, good cash flow from operations, solid stock price performance and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full
52-week high stocks
or get investment ideas from our