Southern Company (NYSE: SO) on November 20, 2023, started off the session at the price of $69.65, plunging -0.47% from the previous trading day. During the day, the shares moved up to $69.65 and dropped to $68.63 before settling in for the closing price of $69.77. Within the past 52 weeks, SO’s price has moved between $58.85 and $75.80.
It was noted that within the last five years, the titan of the Utilities sector saw sales topped by 5.65%. The company achieved an average annual earnings per share of 0.15%. With a float of $1.09 billion, this company’s outstanding shares have now reached $1.10 billion.
The extent of productivity of a business whose workforce counts for 27700 workers is very important to gauge. In terms of profitability, gross margin is +24.14, operating margin of +19.33, and the pretax margin is +14.42.
Southern Company (SO) Insider Updates
Observing investor behavior towards Utilities – Regulated Electric industry stocks is more important than anything else. The insider ownership of Southern Company is 0.20%, while institutional ownership is 63.95%. The most recent insider transaction that took place on Nov 16, was worth 693,900. In this transaction Comptroller of this company sold 10,000 shares at a rate of $69.39, taking the stock ownership to the 28,691 shares. Before that another transaction happened on Nov 10, when Company’s CEO, Southern Nuclear sold 5,000 for $68.39, making the entire transaction worth $341,950. This insider now owns 111,284 shares in total.
Southern Company (SO) Performance Highlights and Predictions
As on 9/29/2023, Multinational firm has announced its last quarter scores, in which it reported $1.42 earnings per share (EPS) for the period topping the consensus outlook (set at $1.32) by $0.1. This company achieved a net margin of +12.07 while generating a return on equity of 12.07. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.97 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 0.15% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 7.10% during the next five years compared to 31.16% growth over the previous five years of trading.
Southern Company (NYSE: SO) Trading Performance Indicators
Southern Company (SO) is currently performing well based on its current performance indicators. A quick ratio of 0.60 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.88.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.76, a number that is poised to hit 0.66 in the next quarter and is forecasted to reach 4.03 in one year’s time.
Technical Analysis of Southern Company (SO)
The latest stats from [Southern Company, SO] show that its last 5-days average volume of 4.31 million was superior to 4.18 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 80.02%. Additionally, its Average True Range was 1.31.
During the past 100 days, Southern Company’s (SO) raw stochastic average was set at 64.17%, which indicates a significant increase from 55.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 21.90% in the past 14 days, which was higher than the 19.12% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $67.67, while its 200-day Moving Average is $69.12. Now, the first resistance to watch is $69.85. This is followed by the second major resistance level at $70.26. The third major resistance level sits at $70.87. If the price goes on to break the first support level at $68.83, it is likely to go to the next support level at $68.22. Assuming the price breaks the second support level, the third support level stands at $67.81.
Southern Company (NYSE: SO) Key Stats
Market capitalization of the company is 75.73 billion based on 1,090,619K outstanding shares. Right now, sales total 29,279 M and income totals 3,535 M. The company made 6,980 M in profit during its latest quarter, and 1,422 M in sales during its previous quarter.