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SO Stock Forecast: All the More Reason to Consider Southern Company (SO) Now

Southern Company (NYSE: SO) is 1.74% higher 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 continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SO stock was last observed hovering at around $71.10 in the last trading session, with the day’s gains setting it 0.24%.

Currently trading at $71.34, the stock is 2.42% and 4.02% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.83 million and changing 0.34% at the moment leaves the stock 3.17% off its SMA200. SO registered 3.30% gain for a year compared to 6-month gain of 10.23%. The firm has a 50-day simple moving average (SMA 50) of $5.57 and a 200-day simple moving average (SMA200) of $11.94.

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The stock witnessed a 6.70% loss in the last 1 month and extending the period to 3 months gives it a 1.74%, and is 2.26% 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 1.50% over the week and 1.47% over the month.

Southern Company (SO) has around 28100 employees, a market worth around $77.83B and $25.25B in sales. Current P/E ratio is 19.68 and Fwd P/E is 16.50. Profit margin for the company is 15.75%. Distance from 52-week low is 15.89% and -5.88% 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 7.00% year-over-year. Quarterly sales are estimated to grow 7.70% in year-over-year returns.

Southern Company (SO) Top Institutional Holders

2,188 institutions hold shares in Southern Company (SO), with institutional investors hold 66.42% of the company’s shares. The shares outstanding are 1.10B, and float is at 1.09B with Short Float at 1.47%. Institutions hold 66.31% 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).

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