The Southern Company (NYSE: SO) growth is a big Buy opportunity

The Southern Company (NYSE: SO) is 0.23% higher on its value in year-to-date trading and has touched a low of $41.96 and a high of $71.10 in the current 52-week trading range. The SO stock was last observed hovering at around $61.14 in the last trading session, with the day’s gains setting it 0.43% off its average median price target of $63.50 for the next 12 months. It is also 17.91% off the consensus price target high of $75.00 offered by 17 analysts, but current levels are -16.17% lower than the price target low of $53.00 for the same period.

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Currently trading at $61.57, the stock is 2.08% and 1.30% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.96 million and changing 0.70% at the moment leaves the stock 9.12% off its SMA200. SO registered -2.67% loss for a year compared to 6-month gain of 15.67%. The firm has a 50-day simple moving average (SMA 50) of $60.61 and a 200-day simple moving average (SMA200) of $56.73.

The stock witnessed a 0.93% loss in the last 1 month and extending the period to 3 months gives it a 4.87%, and is 0.23% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.24% over the week and 1.70% over the month.

The Southern Company (SO) has around 27943 employees, a market worth around $64.58B and $20.17B in sales. Current P/E ratio is 20.66 and Fwd P/E is 18.55. Profit margin for the company is 15.70%. Distance from 52-week low is 46.73% and -13.40% from its 52-week high. The company has generated returns on investments over the last 12 months (8.00%).

The Southern Company (SO) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for The Southern Company (SO) is a “Overweight”. 17 analysts offering their recommendations for the stock have an average rating of 2.70, where 7 rate it as a Hold and 0 think it is a “Overweight”. 7 of the analysts rate the stock as a “Buy”. 2 analysts have rated the stock as a Sell or Underperform.

The Southern Company is expected to release its quarterly report on 05/05/2021 and quarterly earnings per share for the current quarter are estimated at $0.4 with sales reaching $5.8B over the same period.The EPS is expected to grow by 109.90% this year, but quarterly earnings will post -0.40% year-over-year. Quarterly sales are estimated to grow 18.00% in year-over-year returns.

The Southern Company (SO) Top Institutional Holders

1,700 institutions hold shares in The Southern Company (SO), with 1.4M shares held by insiders accounting for 0.13% while institutional investors hold 59.91% of the company’s shares. The shares outstanding are 1.06B, and float is at 1.05B with Short Float at 0.83%. Institutions hold 59.83% of the Float.

The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 91.01 million shares valued at $4.93 billion. The investor’s holdings represent 8.62% of the SO Shares outstanding. As of Sep 29, 2020, the second largest holder is Blackrock Inc. with 73.92 million shares valued at $4.01 billion to account for 7.00% of the shares outstanding. The other top investors are State Street Corporation which holds 54.07 million shares representing 5.12% and valued at over $2.93 billion, while Price (T.Rowe) Associates Inc holds 3.50% of the shares totaling 37.01 million with a market value of $2.01 billion.

The Southern Company (SO) Insider Activity

A total of 20 insider transactions have happened at The Southern Company (SO) in the last six months, with sales accounting for 14 and purchases happening 6 times. The most recent transaction is an insider sale by Kuczynski Stephen E, the company’s Pres. & CEO, Southern Nuclear. SEC filings show that Kuczynski Stephen E sold 2,500 shares of the company’s common stock on Dec 10 at a price of $60.93 per share for a total of $0.15 million. Following the sale, the insider now owns 64496.0 shares.

The Southern Company disclosed in a document filed with the SEC on Dec 03 that Greene Kimberly S, (Chair & CEO, Southern Co. Gas) sold a total of 30,000 shares of the company’s common stock. The trade occurred on Dec 03 and was made at $61.96 per share for $1.86 million. Following the transaction, the insider now directly holds 50291.0 shares of the SO stock.

Still, SEC filings show that on Nov 10, Kuczynski Stephen E (Pres. & CEO, Southern Nuclear) disposed off 2,500 shares at an average price of $62.62 for $0.16 million. The insider now directly holds 66,996 shares of The Southern Company (SO).

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The Southern Company (SO): Who are the competitors?

The company’s main competitors (and peers) include NextEra Energy Inc. (NEE) that is trading 33.50% up over the past 12 months. FirstEnergy Corp. (FE) is -37.52% down on the 1-year trading charts. Short interest in the company’s stock has fallen -37.73% from the last report on Nov 12, 2020 to stand at a total of 12.01 million short shares sold with a short interest ratio of 2.43.

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