Southern Company (NYSE: SO) is -1.21% lower on its value in year-to-date trading and has touched a low of $61.56 and a high of $75.80 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SO stock was last observed hovering at around $69.76 in the last trading session, with the day’s loss setting it -0.49%.
Currently trading at $69.27, the stock is 0.59% and 1.10% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.36 million and changing -0.70% at the moment leaves the stock 0.17% off its SMA200. SO registered 0.99% gain for a year compared to 6-month loss of -0.03%. The firm has a 50-day simple moving average (SMA 50) of $5.48 and a 200-day simple moving average (SMA200) of $11.74.
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The stock witnessed a 4.56% gain in the last 1 month and extending the period to 3 months gives it a -0.24%, and is -1.34% down 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 1.03% over the week and 1.38% over the month.
Southern Company (SO) has around 28100 employees, a market worth around $75.57B and $25.25B in sales. Current P/E ratio is 19.11 and Fwd P/E is 16.02. Profit margin for the company is 15.75%. Distance from 52-week low is 12.52% and -8.61% from its 52-week high. The company has generated returns on investments over the last 12 months (4.42%).
Southern Company quarterly earnings per share for the current quarter are estimated at $0.9 with sales reaching $6.62B over the same period.The EPS is expected to grow by 10.11% this year, but quarterly earnings will post 6.70% year-over-year. Quarterly sales are estimated to grow 7.70% in year-over-year returns.
Southern Company (SO) Top Institutional Holders
2,205 institutions hold shares in Southern Company (SO), with institutional investors hold 66.39% of the company’s shares. The shares outstanding are 1.10B, and float is at 1.09B with Short Float at 1.34%. Institutions hold 66.29% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 99.22 million shares valued at $6.97 billion. The investor’s holdings represent 9.10% of the SO Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 78.11 million shares valued at $5.49 billion to account for 7.16% of the shares outstanding. The other top investors are State Street Corporation which holds 62.62 million shares representing 5.74% and valued at over $4.4 billion, while Price (T.Rowe) Associates Inc holds 3.97% of the shares totaling 43.32 million with a market value of $3.04 billion.
Southern Company (SO) Insider Activity
The most recent transaction is an insider sale by Kuczynski Stephen E,the company’sCEO, Southern Nuclear. SEC filings show that Kuczynski Stephen E sold 5,000 shares of the company’s common stock on Mar 11 ’24 at a price of $68.92 per share for a total of $0.34 million. Following the sale, the insider now owns 0.13 million shares.
Southern Company disclosed in a document filed with the SEC on Feb 16 ’24 that Cummiskey Christopher (EVP & CCCS Officer) sold a total of 902 shares of the company’s common stock. The trade occurred on Feb 16 ’24 and was made at $65.99 per share for $59523.0. Following the transaction, the insider now directly holds 22502.0 shares of the SO stock.
Still, SEC filings show that on Feb 15 ’24, Cummiskey Christopher (EVP & CCCS Officer) disposed off 12,985 shares at an average price of $67.18 for $0.87 million. The insider now directly holds 23,404 shares of Southern Company (SO).
