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In the latest session, Southern Company (NYSE: SO) closed at $78.44 up 0.41% from its previous closing price of $78.12. In other words, the price has increased by $0.41 from its previous closing price. On the day, 2.44 million shares were traded. SO stock price reached its highest trading level at $78.54 during the session, while it also had its lowest trading level at $77.79.
Ratios:
For a deeper understanding of Southern Company’s stock, let’s take a closer look at its various 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Jul 05 ’24 when Wilson Anthony L sold 6,900 shares for $77.61 per share. The transaction valued at 535,509 led to the insider holds 85,309 shares of the business.
Drake Sloane N sold 12,000 shares of SO for $931,320 on Jul 03 ’24. The EVP, CHRO now owns 16,771 shares after completing the transaction at $77.61 per share. On May 02 ’24, another insider, Greene Kimberly S,, who serves as the Chairman, President & CEO, GPC of the company, sold 10,874 shares for $75.01 each. As a result, the insider received 815,659 and left with 110,630 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 85768650752 and an Enterprise Value of 154213351424. As of this moment, Southern’s Price-to-Earnings (P/E) ratio for their current fiscal year is 20.29, and their Forward P/E ratio for the next fiscal year is 18.15. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.78. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.37 while its Price-to-Book (P/B) ratio in mrq is 2.69. Its current Enterprise Value per Revenue stands at 6.067 whereas that against EBITDA is 12.933.
Stock Price History:
The Beta on a monthly basis for SO is 0.50, which has changed by 0.09736991 over the last 52 weeks, in comparison to a change of 0.24919295 over the same period for the S&P500. Over the past 52 weeks, SO has reached a high of $80.84, while it has fallen to a 52-week low of $61.56. The 50-Day Moving Average of the stock is 0.69%, while the 200-Day Moving Average is calculated to be 10.10%.
Shares Statistics:
For the past three months, SO has traded an average of 4.52M shares per day and 2902960 over the past ten days. 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 65.57% stake in the company. Shares short for SO as of 1718323200 were 23884717 with a Short Ratio of 5.28, compared to 1715731200 on 21808821. Therefore, it implies a Short% of Shares Outstanding of 23884717 and a Short% of Float of 2.19.
Dividends & Splits
According to the company, the forward annual dividend rate for SO is 2.82, from 2.8 in the trailing year. Against a Trailing Annual Dividend Yield of 0.035842292The stock’s 5-year Average Dividend Yield is 4.04. The current Payout Ratio is 76.77% for SO, which recently paid a dividend on 2024-05-17 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.
