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Southern Co is Among the Companies in the Electric Utilities Industry With the Highest Level of Cash (SO, HE, NEE, GXP, EIX)

By Shiri Gupta

Below are the three companies in the Electric Utilities industry with the highest cash equivalents (CE). Analysts use CE as a measure to compare the cash cushion of companies in the same industry.

Southern Co ranks highest with a CE of $2,000. Following is Hawaiian Elec with a CE of $2,000. Nextera Energy ranks third highest with a CE of $2,000.

Great Plains Ene follows with a CE of $1,000, and Edison Intl rounds out the top five with a CE of $1,000.

SmarTrend recommended that subscribers consider buying shares of Southern Co on December 17th, 2019 as our technology indicated a new Uptrend was in progress when shares hit $63.30. Since that recommendation, shares of Southern Co have risen 10.3%. We continue to monitor Southern Co for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: highest level of cash southern co hawaiian elec nextera energy great plains ene edison intl

Ticker(s): SO HE NEE GXP EIX