Investors Should Take Note Of Southern Company (SO)

Southern Company (SO) concluded trading on Wednesday at a closing price of $88.75, with 5.24 million shares of worth about $465.15 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 3.05% during that period and on Wednesday the price saw a loss of about -1.22%. 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 2.62% in past 5 days and over the past one month there was a price change of 2.60%. Year-to-date (YTD), SO shares are showing a performance of 7.81% which increased to 31.11% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $65.99 but also hit the highest price of $94.45 during that period. The average intraday trading volume for Southern Company shares is 4.58 million. The stock is currently trading 3.30% above its 20-day simple moving average (SMA20), while that difference is up 5.63% for SMA50 and it goes to 4.66% higher than SMA200.

Southern Company (NYSE: SO) currently have 1.10B outstanding shares and institutions hold larger chunk of about 68.68% of that.

The stock has a current market capitalization of $97.34B and its 3Y-monthly beta is at 0.45. PE ratio of stock for trailing 12 months is 22.24, while it has posted earnings per share of $3.99 in the same period. Its PEG reads 3.39 and has Quick Ratio of 0.46 while making debt-to-equity ratio of 2.00. 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 2.38% while standing at 1.96% over the month.

Stock’s fiscal year EPS is expected to rise by 6.02% while it is estimated to increase by 6.71% in next year. EPS is likely to grow at an annualized rate of 6.56% for next 5-years, compared to annual growth of -2.34% made by the stock over the past 5-years.

Coverage by Jefferies stated Southern Company (SO) stock as a Hold in their note to investors on September 20, 2024, suggesting a price target of $94 for the stock. Stock get a Neutral rating from UBS on April 04, 2024.

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