Southern Company (SO) concluded trading on Wednesday at a closing price of $92.29, with 3.42 million shares of worth about $315.2 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 32.22% during that period and on October 16, 2024 the price saw a gain of about 1.74%. 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 3.78% in past 5 days and over the past one month there was a price change of 2.94%. Year-to-date (YTD), SO shares are showing a performance of 31.62% which increased to 36.73% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $64.53 but also hit the highest price of $91.86 during that period. The average intraday trading volume for Southern Company shares is 4.31 million. The stock is currently trading 2.66% above its 20-day simple moving average (SMA20), while that difference is up 4.19% for SMA50 and it goes to 18.83% higher than SMA200.
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Southern Company (NYSE: SO) currently have 1.10B outstanding shares and institutions hold larger chunk of about 68.94% of that.
The stock has a current market capitalization of $101.02B and its 3Y-monthly beta is at 0.51. PE ratio of stock for trailing 12 months is 22.00, while it has posted earnings per share of $4.19 in the same period. Its PEG reads 3.67 and has Quick Ratio of 0.64 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 1.44% while standing at 1.48% over the month.
Stock’s fiscal year EPS is expected to rise by 10.64% while it is estimated to increase by 7.05% in next year. EPS is likely to shrink at an annualized rate of 6.00% 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 Jefferies on September 20, 2024 offering a Hold rating for the stock and assigned a target price of $94 to it. Coverage by Mizuho stated Southern Company (SO) stock as a Neutral in their note to investors on September 16, 2024, suggesting a price target of $90 for the stock. Stock get an Outperform rating from BMO Capital Markets on January 11, 2024.
