Investors Should Take Note Of Southern Company (SO)

Southern Company (SO) concluded trading on Wednesday at a closing price of $70.98, with 3.8 million shares of worth about $269.61 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 13.19% during that period and on April 3, 2024 the price saw a loss of about -0.50%. Currently the company’s common shares owned by public are about 1.10B shares, out of which, 1.09B shares are available for trading.

However, the stock later moved at a day high price of 69.51, or with a loss of -0.50%. Stock saw a price change of 2.47% in past 5 days and over the past one month there was a price change of 4.08%. Year-to-date (YTD), SO shares are showing a performance of 1.23% which increased to 2.01% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $61.56 but also hit the highest price of $75.80 during that period. The average intraday trading volume for Southern Company shares is 4.58 million. The stock is currently trading 1.68% above its 20-day simple moving average (SMA20), while that difference is up 3.43% for SMA50 and it goes to 2.64% higher than SMA200.

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Southern Company (NYSE: SO) currently have 1.10B outstanding shares and institutions hold larger chunk of about 65.50% of that.

The stock has a current market capitalization of $77.44B and its 3Y-monthly beta is at 0.49. PE ratio of stock for trailing 12 months is 19.58, while it has posted earnings per share of $3.63 in the same period. Its PEG reads 2.68 and has Quick Ratio of 0.53 while making debt-to-equity ratio of 2.02. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SO, volatility over the week remained 1.59% while standing at 1.41% over the month.

Stock’s fiscal year EPS is expected to rise by 10.11% while it is estimated to increase by 7.59% in next year. EPS is likely to shrink at an annualized rate of 7.30% for next 5-years, compared to annual growth of 10.78% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BMO Capital Markets on January 11, 2024 offering an Outperform rating for the stock and assigned a target price range of between $72 and $77 to it. Coverage by Citigroup stated Southern Company (SO) stock as a Buy in their note to investors on December 08, 2023, suggesting a price target of $82 for the stock. On November 03, 2023, Scotiabank Downgrade their recommendations, while on October 16, 2023, Scotiabank Upgrade their ratings for the stock with a price target of $78. Stock get a Neutral rating from BofA Securities on September 13, 2023.

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