Southern Company (NYSE:SO) shares traded 0.19% higher at $88.14 on Wall Street last session.
SO stock price is now -1.82% away from the 50-day moving average and 9.83% away from the 200-day moving average. The market capitalization of the company currently stands at $96.57B.
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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, Spainhour Sterling A Jr., EVP, Chief Legal Officer & CCO sold 793 shares of the company’s stock on Nov 04 ’24. The stock was sold for $70,212 at an average price of $88.54. Upon completion of the transaction, the EVP, Chief Legal Officer & CCO now directly owns 11,707 shares in the company, valued at $1.03 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 04 ’24, Officer Spainhour Sterling A Jr. bought 793 shares of the business’s stock. A total of $70,212 was incurred on buying the stock at an average price of $88.54. 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 $65.80 and a high of $94.45. As of last week, the company has a debt-to-equity ratio of 1.95, a current ratio of 0.91, and a quick ratio of 0.63. According to the stock market information, the enterprise value for the company is $164058333184, which is based on a 20.53 price-to-earnings ratio, a 3.29 price-to-earnings-growth ratio, and a beta of 0.50. The fifty day moving average price for SO is $89.7766 and a two-hundred day moving average price translates $80.1457 for the stock.
The latest earnings results from Southern Company (NYSE: SO) was released for 2024-09-30. The net profit margin was 17.87% and return on equity was 14.60% for SO. The company reported revenue of $7.27 billion for the quarter, compared to $6.98 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.21 percent.
