Southern Co defensive utility play with high Div% at good value

Price Target $60
EPS this Y +109%
Gross Margin +89.2%
Profit Margin +15.8%
52W High -23%
Short Float 1.1%
P/E 17.91
Div 4.69%

Lets see if it can maintain being over the 20dma, and if it can breakout of this wedge.