In yesterday’s Wall Street session, Southern Company (NYSE:SO) shares traded at $69.77, down -1.16% from the previous session.
SO stock price is now 1.45% away from the 50-day moving average and 0.93% away from the 200-day moving average. The market capitalization of the company currently stands at $76.12B.
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On January 11, 2024, BMO Capital Markets Upgraded its previous ‘Market Perform’ rating to ‘Outperform’ on the stock increasing its target price from $72 to quote $77, while ‘Citigroup’ rates the stock as ‘Buy’
In other news, Kuczynski Stephen E, CEO, Southern Nuclear sold 5,000 shares of the company’s stock on Mar 11 ’24. The stock was sold for $344,600 at an average price of $68.92. Upon completion of the transaction, the CEO, Southern Nuclear now directly owns 126,528 shares in the company, valued at $8.83 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 16 ’24, EVP & CCCS Officer Cummiskey Christopher sold 902 shares of the business’s stock. A total of $59,523 was realized by selling the stock at an average price of $65.99. This leaves the insider owning 22,502 shares of the company worth $1.57 million. A total of 0.22% of the company’s stock is owned by insiders.
During the past 12 months, Southern Company has had a low of $61.56 and a high of $75.80. As of last week, the company has a debt-to-equity ratio of 2.02, a current ratio of 0.77, and a quick ratio of 0.53. According to the stock market information, the enterprise value for the company is $139.76B, which is based on a 19.25 price-to-earnings ratio, a 2.63 price-to-earnings-growth ratio, and a beta of 0.49. The fifty day moving average price for SO is $68.78 and a two-hundred day moving average price translates $69.13 for the stock.
The latest earnings results from Southern Company (NYSE: SO) was released for Dec, 2023. According to the Utilities – Regulated Electric Company, earnings per share came in at $0.64, beating analysts’ expectations of $0.6 by 0.04. This compares to -$0.09 EPS in the same period last year. The net profit margin was 15.75% and return on equity was 12.86% for SO. The company reported revenue of $6.04 billion for the quarter, compared to $7.05 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -14.22 percent. For the current quarter, analysts expect SO to generate $6.42B in revenue.
