In yesterday’s Wall Street session, Southern Company (NYSE:SO) shares traded at $89.13, up 0.25% from the previous session.
SO stock price is now 7.14% away from the 50-day moving average and 19.32% away from the 200-day moving average. The market capitalization of the company currently stands at $97.56B.
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, while ‘BMO Capital Markets’ rates the stock as ‘Outperform’
In other news, Stephen E. Kuczynski, Officer bought 24,000 shares of the company’s stock on Sep 03 ’24. The stock was bought for $2,059,200 at an average price of $85.80. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 05 ’24, EVP, Chief Legal Officer & CCO Spainhour Sterling A Jr. sold 2,380 shares of the business’s stock. A total of $211,796 was realized by selling the stock at an average price of $88.99. This leaves the insider owning 12,500 shares of the company worth $1.11 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 $89.68. As of last week, the company has a debt-to-equity ratio of 2.02, a current ratio of 0.91, and a quick ratio of 0.64. According to the stock market information, the enterprise value for the company is $165346836480, which is based on a 21.25 price-to-earnings ratio, a 2.91 price-to-earnings-growth ratio, and a beta of 0.50. The fifty day moving average price for SO is $83.1894 and a two-hundred day moving average price translates $74.69575 for the stock.
The latest earnings results from Southern Company (NYSE: SO) was released for 2024-06-30. The net profit margin was 17.64% and return on equity was 14.60% for SO. The company reported revenue of $6.46 billion for the quarter, compared to $5.75 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 12.44 percent.
