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President & CEO, APC of Southn Company Charles D McCrary sold $8,367,006 worth of shares
Posted by: GuruFocus (IP Logged)
Date: June 7, 2012 06:16PM
Southern Energy acquires, develops, builds, owns and operates power production and delivery facilities and provides a broad range ofenergy-related services to utilities and industrial companies in selectedcountries around the world. Southn Company has a market cap of $39.62 billion; its shares were traded at around $47.31 with a P/E ratio of 18.4 and P/S ratio of 2.2. The dividend yield of Southn Company stocks is 4.3%. Southn Company had an annual average earnings growth of 2.9% over the past 10 years.
On June 6, 2012, President & CEO, APC of Southn Company (SO,) Charles D McCrary sold 179,165 shares at an average price of $46.7. The total transaction amount is $8,367,006.
Born in 1951, McCrary joined the company as an assistant project planning engineer with Alabama Power in 1973. Previously, McCrary was chief production officer for Southern Company and president and CEO of Southern Power. He has held executive positions at Alabama Power and Southern Nuclear as well as various jobs in engineering, system planning, fuels, and environmental affairs. He assumed his current position in 2001.
On May 1, 2012, McCrary sold 328,202 shares of stock at the average price of $46.20. Other directors and officers, such as William G. Smith Jr, Anthony J. Topazi, and W. Ron Hinson have also sold shares of SO stock during February, May, and March.
GuruFocus guru, Ken Fisher has kept his position in Southern Energy unchanged or slightly adjusted, therefore he owns 5,082 shares of SO stock. No gurus have increased or decreased their amount of shares.
Southern Company reported their 2012 first quarter earnings ended March 31, 2012. The Company announced that net income of $368, or 42 cents per share and revenueof $3.60 billion had a 10.2% decrease compared to the $4.01 billion in the first quarter of 2011.