In yesterday’s Wall Street session, Southern Company (NYSE:SO) shares traded at $92.70, up 0.44% from the previous session.
SO stock price is now 4.53% away from the 50-day moving average and 19.19% away from the 200-day moving average. The market capitalization of the company currently stands at $101.47B.
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With the price target of $94, Jefferies recently initiated with Hold rating for Southern Company (NYSE: SO). On September 16, 2024, Mizuho Downgraded its previous ‘Outperform’ rating to ‘Neutral’ on the stock keeping its target price maintained at $90, while ‘Wolfe Research’ rates the stock as ‘Peer Perform’
In other news, Kerr, II James Y, Chairman, President & CEO, GAS sold 30,000 shares of the company’s stock on Oct 04 ’24. The stock was sold for $2,689,200 at an average price of $89.64. Upon completion of the transaction, the Chairman, President & CEO, GAS now directly owns 145,088 shares in the company, valued at $13.45 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 04 ’24, Officer Kerr, II James Y bought 30,000 shares of the business’s stock. A total of $2,689,277 was incurred on buying the stock at an average price of $89.64. A total of 0.19% of the company’s stock is owned by insiders.
During the past 12 months, Southern Company has had a low of $64.53 and a high of $92.46. 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 $169495248896, which is based on a 22.10 price-to-earnings ratio, a 3.68 price-to-earnings-growth ratio, and a beta of 0.51. The fifty day moving average price for SO is $88.683 and a two-hundred day moving average price translates $77.77255 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.
