Currently, there are 1.10B common shares owned by the public and among those 1.09B shares have been available to trade.
Insiders at the company have transacted a total of 26 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 4 of these insider trades were purchases, accounting for 56,917 shares. Insider sales of the common stock occurred on 22 occasions, with total insider shares sold totaling 325,129 shares.
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However, the script later moved the day high at 68.34, up 0.84%. The company’s stock has a 5-day price change of -1.86% and -4.60% over the past three months. SO shares are trading -4.39% year to date (YTD), with the 12-month market performance up to 1.79% higher. It has a 12-month low price of $61.56 and touched a high of $75.80 over the same period. SO has an average intraday trading volume of 4.53 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.67%, -3.91%, and -3.60% respectively.
Institutional ownership of Southern Company (NYSE: SO) shares accounts for 64.82% of the company’s 1.10B shares outstanding.
It has a market capitalization of $73.14B and a beta (3y monthly) value of 0.49. The stock’s trailing 12-month PE ratio is 18.49, while the earnings-per-share (ttm) stands at $3.63. The company has a PEG of 2.28 and a Quick Ratio of 0.53 with the debt-to-equity ratio at 2.02. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.29% over the week and 1.80% over the month.
Analysts forecast that Southern Company (SO) will achieve an EPS of $0.88 for the current quarter, $0.94 for the next quarter and $4.31 for 2025. The lowest estimate earnings-per-share for the quarter is $0.78 while analysts give the company a high EPS estimate of $0.91. Comparatively, EPS for the current quarter was $0.79 a year ago. Earnings per share for the fiscal year are expected to increase by 10.10%, and 7.64% over the next financial year. EPS should shrink at an annualized rate of 8.10% over the next five years, compared to 10.78% over the past 5-year period.
Looking at the support for the SO, a number of firms have released research notes about the stock. BMO Capital Markets stated their Outperform rating for the stock in a research note on January 11, 2024, with the firm’s price target at $72-$77. Citigroup coverage for the Southern Company (SO) stock in a research note released on December 08, 2023 offered a Buy rating with a price target of $82. Scotiabank was of a view on November 03, 2023 that the stock is Sector Perform, while Scotiabank gave the stock Sector Outperform rating on October 16, 2023, issuing a price target of $78. BofA Securities on their part issued Neutral rating on September 13, 2023.
