Southern Company [SO] stock prices are up 0.88% to $68.58 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The SO shares have gain 2.65% over the last week, with a monthly amount glided 2.08%, and seem to be holding up well over a long-time horizon.
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On 4, March 2024, Vogtle Unit 4 Connects to Electric Grid for the First Time. In a post published today on Yahoo Finance, Southern CompanySouthern Company
From an analyst’s perspective:
Southern Company [NYSE: SO] stock has seen the most recent analyst activity on January 11, 2024, when BMO Capital Markets upgraded its rating to a Outperform and also boosted its price target to $77 from $72. Previously, Citigroup started tracking the stock with Buy rating on December 08, 2023, and set its price target to $82. On November 03, 2023, downgrade downgraded it’s rating to Sector Perform but maintained its price target of $78 on the stock. Scotiabank upgraded its rating to a Sector Outperform but stick to its price target of $78 on October 16, 2023. BofA Securities upgraded its rating to a Neutral. Barclays started tracking with a Equal Weight rating for this stock on August 23, 2023, and assigned it a price target of $68. In a note dated August 10, 2023, Morgan Stanley upgraded an Equal-Weight rating on this stock and boosted its target price from $60 to $69.
The stock price of Southern Company [SO] has been fluctuating between $61.56 and $75.80 over the past year. Currently, Wall Street analysts expect the stock to reach $74 within the next 12 months. Southern Company [NYSE: SO] shares were valued at $68.58 at the most recent close of the market. An investor can expect a potential return of 7.9% based on the average SO price forecast.
Analyzing the SO fundamentals
The Southern Company [NYSE:SO] reported sales of 25.25B for trailing twelve months, representing a drop of -14.23%. Gross Profit Margin for this corporation currently stands at 0.46% with Operating Profit Margin at 0.23%, Pretax Profit Margin comes in at 0.17%, and Net Profit Margin reading is 0.16%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.13 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.02.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 68.07 points at the first support level, and at 67.56 for the second support level. However, for the 1st resistance point, the stock is sitting at 69.00, and for the 2nd resistance point, it is at 69.43.
Southern Company [SO] reported earnings per share of $0.64 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.6/share, meaning a difference of $0.04 and a surprise factor of 6.70%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.42 per share as compared to estimates of $1.32 per share, a difference of $0.1 representing a surprise of 7.60%.
Ratios To Look Out For
It’s worth pointing out that Southern Company [NYSE:SO]’s Current Ratio is 0.77. In addition, the Quick Ratio stands at 0.53 and the Cash Ratio stands at 0.06. Considering the valuation of this stock, the price to sales ratio is 2.96, the price to book ratio is 2.40 and price to earnings (TTM) ratio is 18.92.
Transactions by insiders
Recent insider trading involved Cummiskey Christopher, EVP & CCCS Officer, that happened on Feb 16 ’24 when 902.0 shares were sold. EVP & CCCS Officer, Cummiskey Christopher completed a deal on Feb 15 ’24 to sell 12985.0 shares. Meanwhile, CEO, Southern Nuclear Kuczynski Stephen E sold 5000.0 shares on Feb 12 ’24.
