Soroban Capital Partners Reduces $350M in The Southern Company ($SO)
Key Points
- Soroban Capital Partners changed its The Southern Company ($SO) stake by 61.02% last quarter, cutting to 2,375,511 shares worth $223.30 million.
- Wall Street's consensus rating on $SO is Hold and an average price target of $100.29.
- $SO last traded around $94.
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Soroban Capital Partners reduced its position in The Southern Company ($SO) by 61.02% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,375,511 shares of The Southern Company after selling 3,718,097 shares during the quarter. Soroban Capital Partners's holdings in The Southern Company were worth $223.30 million as of its most recent filing.
The Southern Company Stock Up 6.5%
Shares of The Southern Company ($SO) traded around $94 on Saturday, up 6.5% for the day.
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About The Southern Company
The Southern Company, through its subsidiaries, engages in the sale of electricity. The company offers electric service to retail customers and wholesale customers; and energy-related products and services to natural gas choice markets. It also develops, constructs, acquires, owns, operates, and manages power generation assets, as well as battery energy storage projects; sells electricity at market-based rates in the wholesale market; and deploys microgrids for commercial, industrial, governmental, and utility customers. In addition, the company is involved in the distribution of natural gas in Illinois, Georgia, Virginia, and Tennessee; distributes energy and resilience solutions; and invests in telecommunications. The Southern Company was incorporated in 1945 and is headquartered in Atlanta, Georgia.
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