Southern Company (NYSE: SO) is 25.09% higher on its value in year-to-date trading and has touched a low of $65.80 and a high of $94.45 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 $88.33 in the last trading session, with the day’s loss setting it -0.62%.
Currently trading at $87.71, the stock is -3.09% and -2.48% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.15 million and changing -0.70% at the moment leaves the stock 10.22% off its SMA200. SO registered 28.80% gain for a year compared to 6-month gain of 11.43%. The firm has a 50-day simple moving average (SMA 50) of $89.9416 and a 200-day simple moving average (SMA200) of $79.57555.
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The stock witnessed a -2.37% loss in the last 1 month and extending the period to 3 months gives it a 0.60%, and is -1.12% 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 1.53% over the week and 1.59% over the month.
Southern Company (SO) has around 28100 employees, a market worth around $96.10B and $26.43B in sales. Current P/E ratio is 20.43 and Fwd P/E is 20.32. Profit margin for the company is 17.87%. Distance from 52-week low is 33.30% and -7.14% from its 52-week high. The company has generated returns on investments over the last 12 months (4.93%).
with sales reaching $6.15B over the same period.The EPS is expected to grow by 10.62% this year, but quarterly earnings will post 3.90% year-over-year. Quarterly sales are estimated to grow 1.70% in year-over-year returns.
Southern Company (SO) Top Institutional Holders
2368.0 institutions hold shares in Southern Company (SO), with institutional investors hold 71.06% of the company’s shares. The shares outstanding are 1.10B, and float is at 1.09B with Short Float at 1.68%. Institutions hold 70.95% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 100.76 million shares valued at $7.82 billion. The investor’s holdings represent 9.2106% of the SO Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 77.69 million shares valued at $6.03 billion to account for 7.1015 of the shares outstanding. The other top investors are STATE STREET CORP which holds 57.38 million shares representing 5.2452% and valued at over $4.45 billion, while JPMORGAN CHASE & CO holds 3.6489 of the shares totaling 39.92 million with a market value of $3.1 billion.
Southern Company (SO) Insider Activity
The most recent transaction is an insider sale by Spainhour Sterling A Jr., the company’s EVP, Chief Legal Officer & CCO. SEC filings show that Spainhour Sterling A Jr. sold 793 shares of the company’s common stock on Nov 04 ’24 at a price of $88.54 per share for a total of $70212.0. Following the sale, the insider now owns 11707.0 shares.
Still, SEC filings show that on Oct 04 ’24, Kerr, II James Y (Chairman, President & CEO, GAS) disposed off 30,000 shares at an average price of $89.64 for $2.69 million. The insider now directly holds 145,088 shares of Southern Company (SO).
