Southern Company (SO) concluded trading on Thursday at a closing price of $78.04, with 3.04 million shares of worth about $237.3 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 12.37% during that period and on June 27, 2024 the price saw a loss of about -0.22%. Currently the company’s common shares owned by public are about 1.10B shares, out of which, 1.09B shares are available for trading.
Stock saw a price change of -1.05% in past 5 days and over the past one month there was a price change of 0.64%. Year-to-date (YTD), SO shares are showing a performance of 11.29% which increased to 9.73% 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 $80.84 during that period. The average intraday trading volume for Southern Company shares is 4.70 million. The stock is currently trading -0.86% below its 20-day simple moving average (SMA20), while that difference is up 1.40% for SMA50 and it goes to 10.00% higher than SMA200.
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Southern Company (NYSE: SO) currently have 1.10B outstanding shares and institutions hold larger chunk of about 65.54% of that.
The stock has a current market capitalization of $85.33B and its 3Y-monthly beta is at 0.50. PE ratio of stock for trailing 12 months is 20.18, while it has posted earnings per share of $3.87 in the same period. Its PEG reads 2.76 and has Quick Ratio of 0.63 while making debt-to-equity ratio of 2.04. 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 1.45% while standing at 1.53% over the month.
Stock’s fiscal year EPS is expected to rise by 10.14% while it is estimated to increase by 7.47% 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.
Coverage by BMO Capital Markets stated Southern Company (SO) stock as an Outperform in their note to investors on January 11, 2024, suggesting a price target of $77 for the stock. On December 08, 2023, Citigroup Initiated their recommendations, while on November 03, 2023, Scotiabank Downgrade their ratings for the stock with a price target of $78. Stock get a Sector outperform rating from Scotiabank on October 16, 2023.
