In yesterday’s Wall Street session, Southern Company (NYSE:SO) shares traded at $81.66, down -1.22% from the previous session.
SO stock price is now 3.33% away from the 50-day moving average and 13.33% away from the 200-day moving average. The market capitalization of the company currently stands at $89.29B.
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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, Wilson Anthony L, President & CEO, MPC sold 6,900 shares of the company’s stock on Jul 05 ’24. The stock was sold for $535,509 at an average price of $77.61. Upon completion of the transaction, the President & CEO, MPC now directly owns 85,309 shares in the company, valued at $6.97 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 03 ’24, EVP, CHRO Drake Sloane N sold 12,000 shares of the business’s stock. A total of $931,320 was realized by selling the stock at an average price of $77.61. This leaves the insider owning 16,771 shares of the company worth $1.37 million. A total of 0.20% 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 $82.84. As of last week, the company has a debt-to-equity ratio of 2.04, a current ratio of 0.92, and a quick ratio of 0.63. According to the stock market information, the enterprise value for the company is $157734174720, which is based on a 21.12 price-to-earnings ratio, a 2.89 price-to-earnings-growth ratio, and a beta of 0.49. The fifty day moving average price for SO is $79.0902 and a two-hundred day moving average price translates $72.13975 for the stock.
The latest earnings results from Southern Company (NYSE: SO) was released for 2024-03-31. The net profit margin was 16.70% and return on equity was 13.59% for SO. The company reported revenue of $6.65 billion for the quarter, compared to $6.48 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.56 percent.
