Closing Strong: Southern Company (SO) Ends at 78.14, Down -0.14 from Last Close

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After finishing at $78.25 in the prior trading day, Southern Company (NYSE: SO) closed at $78.14, down -0.14%. In other words, the price has decreased by -$0.14 from its previous closing price. On the day, 4.94 million shares were traded. SO stock price reached its highest trading level at $78.74 during the session, while it also had its lowest trading level at $77.84.

Ratios:

Our goal is to gain a better understanding of SO by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.63 and its Current Ratio is at 0.92. In the meantime, Its Debt-to-Equity ratio is 2.04 whereas as Long-Term Debt/Eq ratio is at 1.90.

On January 11, 2024, BMO Capital Markets Upgraded its rating to Outperform which previously was Market Perform and also upped its target price recommendation from $72 to $77.

On December 08, 2023, Citigroup started tracking the stock assigning a Buy rating and target price of $82.Citigroup initiated its Buy rating on December 08, 2023, with a $82 target price.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 02 ’24 when Greene Kimberly S, sold 10,874 shares for $75.01 per share. The transaction valued at 815,659 led to the insider holds 110,630 shares of the business.

Greene Kimberly S, sold 9,126 shares of SO for $684,815 on May 01 ’24. The Chairman, President & CEO, GPC now owns 121,504 shares after completing the transaction at $75.04 per share. On Mar 11 ’24, another insider, Kuczynski Stephen E, who serves as the CEO, Southern Nuclear of the company, sold 5,000 shares for $68.92 each. As a result, the insider received 344,600 and left with 126,528 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SO now has a Market Capitalization of 85440618496 and an Enterprise Value of 153885310976. As of this moment, Southern’s Price-to-Earnings (P/E) ratio for their current fiscal year is 20.21, and their Forward P/E ratio for the next fiscal year is 18.09. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.77. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.36 while its Price-to-Book (P/B) ratio in mrq is 2.68. Its current Enterprise Value per Revenue stands at 6.054 whereas that against EBITDA is 12.887.

Stock Price History:

The Beta on a monthly basis for SO is 0.50, which has changed by 0.078983665 over the last 52 weeks, in comparison to a change of 0.26265144 over the same period for the S&P500. Over the past 52 weeks, SO has reached a high of $78.29, while it has fallen to a 52-week low of $61.56. The 50-Day Moving Average of the stock is 9.86%, while the 200-Day Moving Average is calculated to be 12.66%.

Shares Statistics:

The stock has traded on average 5.03M shares per day over the past 3-months and 5857020 shares per day over the last 10 days, according to various share statistics. A total of 1.10B shares are outstanding, with a floating share count of 1.09B. Insiders hold about 0.20% of the company’s shares, while institutions hold 65.86% stake in the company. Shares short for SO as of 1714435200 were 18104179 with a Short Ratio of 3.60, compared to 1711584000 on 15962728. Therefore, it implies a Short% of Shares Outstanding of 18104179 and a Short% of Float of 1.66.

Dividends & Splits

In the trailing 12 months, SO’s forward annual dividend rate was 2.8, compared to 2.80 this year. Against a Trailing Annual Dividend Yield of 0.035782747The stock’s 5-year Average Dividend Yield is 4.07. The current Payout Ratio is 76.77% for SO, which recently paid a dividend on 2024-02-16 with an ex-dividend date of 1715904000. Stock splits for the company last occurred on 2001-04-03 when the company split stock in a 10000:6109 ratio.

Earnings Estimates

Current recommendations for the stock of the company come from 12.0 analysts. On average, analysts expect EPS of $0.91 for the current quarter, with a high estimate of $1.04 and a low estimate of $0.86, while EPS last year was $0.79. The consensus estimate for the next quarter is $1.47, with high estimates of $1.6 and low estimates of $1.4.

Analysts are recommending an EPS of between $4.11 and $3.83 for the fiscal current year, implying an average EPS of $4.0. EPS for the following year is $4.31, with 19.0 analysts recommending between $4.55 and $4.15.

Revenue Estimates

8 analysts predict $5.98B in revenue for the current quarter. It ranges from a high estimate of $6.24B to a low estimate of $5.27B. As of the current estimate, Southern Company’s year-ago sales were $6.47BFor the next quarter, 8 analysts are estimating revenue of $7.35B. There is a high estimate of $8.88B for the next quarter, whereas the lowest estimate is $6.33B.

A total of 17 analysts have provided revenue estimates for SO’s current fiscal year. The highest revenue estimate was $32.34B, while the lowest revenue estimate was $24.25B, resulting in an average revenue estimate of $26.77B. In the same quarter a year ago, actual revenue was $25.25BBased on 16 analysts’ estimates, the company’s revenue will be $27.84B in the next fiscal year. The high estimate is $33.93B and the low estimate is $24.62B.

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