Reviewing The Case For Southern Company (SO) Going Higher

Currently, there are 1.10B common shares owned by the public and among those 1.09B shares have been available to trade.

The company’s stock has a 5-day price change of 2.50% and 12.08% over the past three months. SO shares are trading 18.91% year to date (YTD), with the 12-month market performance up to 15.25% higher. It has a 12-month low price of $61.56 and touched a high of $83.46 over the same period. SO has an average intraday trading volume of 4.09 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 4.04%, 5.23%, and 15.32% respectively.

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Institutional ownership of Southern Company (NYSE: SO) shares accounts for 68.10% of the company’s 1.10B shares outstanding.

It has a market capitalization of $91.17B and a beta (3y monthly) value of 0.50. The stock’s trailing 12-month PE ratio is 21.57, while the earnings-per-share (ttm) stands at $3.87. The company has a PEG of 2.95 and a Quick Ratio of 0.63 with the debt-to-equity ratio at 2.04. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.48% over the week and 1.30% over the month.

Earnings per share for the fiscal year are expected to increase by 10.35%, and 7.33% over the next financial year. EPS should shrink at an annualized rate of 7.30% over the next five years, compared to 10.78% over the past 5-year period.

BMO Capital Markets coverage for the Southern Company (SO) stock in a research note released on January 11, 2024 offered a Outperform rating with a price target of $77. Citigroup was of a view on December 08, 2023 that the stock is Buy, while Scotiabank gave the stock Sector Perform rating on November 03, 2023, issuing a price target of $78. Scotiabank on their part issued Sector Outperform rating on October 16, 2023.

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