Southern Company (NYSE:SO) shares, rose in value on Thursday, April 04, with the stock price down by -0.92% to the previous day’s close as strong demand from buyers drove the stock to $70.33.
Actively observing the price movement in the recent trading, the stock is buoying the session at $70.98. The value of beta (5-year monthly) is 0.49 whereas the PE ratio is 19.40 over 12-month period. Referring to stock’s 52-week performance, its high was $75.80, and the low was $61.56. On the whole, SO has fluctuated by 3.46% over the past month.
With the market capitalization of Southern Company currently standing at about $76.73 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 25, 2024 – Apr 29, 2024. The company’s Forward Dividend Ratio is 2.80, with its dividend yield at 3.98%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.9, which is expected to increase to $1.09 for fiscal year $4.01 and then to about $4.32 by fiscal year 2025. Data indicates that the EPS growth is expected to be 9.90% in 2025, while the next year’s EPS growth is forecast to be 7.70%.
Analysts have estimated the company’s revenue for the quarter at $6.62 billion, with a low estimate of $5.92 billion and a high estimate of $7.21 billion. According to the average forecast, sales growth in current quarter could jump up 7.70%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $27.19 billion, representing an increase of 7.70% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that SO’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 2.66, with the price of SO currently trading nearly 0.53% and 2.42% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 54.25, while the 7-day volatility ratio is showing 1.59% which for the 30-day chart, stands at 1.41%. Furthermore, Southern Company (SO)’s beta value is 0.49, and its average true range (ATR) is 1.06.
A comparison of Southern Company (SO) with its peers suggests the former has fared considerably weaker in the market. SO showed an intraday change of -0.92% in today’s session so far, and over the past year, it grew by 1.97%%.
Data on historical trading for Southern Company (NYSE:SO) indicates that the trading volumes over the past 10 days have averaged 3.65 million and over the past 3 months, they’ve averaged 4.54 million. According to company’s latest data on outstanding shares, there are 1.10 billion shares outstanding.
Nearly 0.22% of Southern Company’s shares belong to company insiders and institutional investors own 65.50% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 16.03 million shares as on Mar 15, 2024, resulting in a short ratio of 3.07. According to the data, the short interest in Southern Company (SO) stood at 1.47% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 13.31 million. The stock has risen by 0.30% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SO stock heading into the next quarter.
