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JPMorgan Chase & Co. Reduces Stake in Southern Co.
JPMorgan Chase & Co. has significantly reduced its stake in Southern Co. by selling over 20 million shares, a 33.13% decrease, at $97.38 per share. This move is part of the financial powerhouse’s ongoing portfolio management, even as Southern Co. maintains its position as a leading utility provider with strong financial metrics and investor appeal. The transaction resulted in a minimal impact on Southern Co.'s stock price.