Why Should You Put Southern Company (NYSE: SO) On Your Portfolio?

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

Insiders at the company have transacted a total of 0 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 0 of these insider trades were purchases, accounting for 0 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.

The company’s stock has a 5-day price change of 0.04% and 0.17% over the past three months. SO shares are trading 9.20% year to date (YTD), with the 12-month market performance up to 33.67% higher. It has a 12-month low price of $66.62 and touched a high of $94.45 over the same period. SO has an average intraday trading volume of 4.71 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 3.23%, 6.30%, and 5.72% respectively.

Institutional ownership of Southern Company (NYSE: SO) shares accounts for 68.75% of the company’s 1.10B shares outstanding.

It has a market capitalization of $98.59B and a beta (3y monthly) value of 0.39. The stock’s trailing 12-month PE ratio is 22.53, while the earnings-per-share (ttm) stands at $3.99. The company has a PEG of 3.43 and a Quick Ratio of 0.46 with the debt-to-equity ratio at 2.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.78% over the week and 1.90% over the month.

Analysts forecast that Southern Company (SO) will achieve an EPS of 1.18 for the current quarter, 1.1 for the next quarter and 4.57 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 1.08 while analysts give the company a high EPS estimate of 1.08. Comparatively, EPS for the current quarter was 1.03 a year ago. Earnings per share for the fiscal year are expected to increase by 6.02%, and 6.71% over the next financial year. EPS should grow at an annualized rate of 6.56% over the next five years, compared to -2.34% over the past 5-year period.

Jefferies coverage for the Southern Company (SO) stock in a research note released on September 20, 2024 offered a Hold rating with a price target of $94. UBS on their part issued Neutral rating on April 04, 2024.

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