MPC President & CEO Wilson Anthony L sells 6,900 shares of Southern Co (SO) for $535.5K; retains 85.3K shares
Wilson Anthony L, President & CEO of Southern Company's Mississippi Power subsidiary, sold 6,900 shares at $77.61 on 2024-07-05, reducing his direct holdings by 7.5% while maintaining a substantial position of 85,309 shares. The sale occurred near the 52-week high of $80.71, with the stock currently trading at $77.80 after a 90-day rally of +10.2%. The company's annual revenue declined 13.8% year-over-year, and the valuation carries a P/E of 20.64, suggesting the market has priced in recovery expectations. This is a moderately-sized disposition that represents neither portfolio concentration nor full exit, consistent with a partial rebalancing within a large retained stake.