When is the right time to cash out of Southern Company [SO] stock?

In yesterday’s Wall Street session, Southern Company (NYSE:SO) shares traded at $68.72, down -0.74% from the previous session.

As of this writing, 19 analysts cover Southern Company (NYSE:SO). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $82.00 and a low of $64.00, we find $72.50. Given the previous closing price of $69.23, this indicates a potential upside of 4.72 percent. SO stock price is now 1.92% away from the 50-day moving average and -0.49% away from the 200-day moving average. The market capitalization of the company currently stands at $74.95B.

There are 6 analysts who have given it a hold rating, whereas 10 have given it a buy rating. Brokers who have rated the stock have averaged $72.81 as their price target over the next twelve months.

With the price target maintained at $78, Scotiabank recently Downgraded its rating from Sector Outperform to Sector Perform for Southern Company (NYSE: SO).

In other news, Kuczynski Stephen E, CEO, Southern Nuclear sold 5,000 shares of the company’s stock on Oct 10. The stock was sold for $330,000 at an average price of $66.00. Upon completion of the transaction, the CEO, Southern Nuclear now directly owns 116,284 shares in the company, valued at $7.99 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 11, CEO, Southern Nuclear Kuczynski Stephen E sold 5,000 shares of the business’s stock. A total of $339,150 was realized by selling the stock at an average price of $67.83. This leaves the insider owning 121,284 shares of the company worth $8.33 million. Insiders disposed of 628,479 shares of company stock worth roughly $43.19 million over the past 1 year. A total of 0.21% of the company’s stock is owned by insiders.

Tuesday morning saw Southern Company (NYSE: SO) opened at $69.36. During the past 12 months, Southern Company has had a low of $58.85 and a high of $75.80. As of last week, the company has a debt-to-equity ratio of 1.99, a current ratio of 0.84, and a quick ratio of 0.60. According to the stock market information, the enterprise value for the company is $136.13B, which is based on a 24.88 price-to-earnings ratio, a 3.50 price-to-earnings-growth ratio, and a beta of 0.55. The fifty day moving average price for SO is $67.42 and a two-hundred day moving average price translates $69.06 for the stock.

The latest earnings results from Southern Company (NYSE: SO) was released for Sep, 2023. According to the Utilities – Regulated Electric Company, earnings per share came in at $0.79, beating analysts’ expectations of $0.75 by 0.04. This compares to $1.35 EPS in the same period last year. The net profit margin was 11.56% and return on equity was 9.66% for SO. The company reported revenue of $6.98 billion for the quarter, compared to $8.38 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -16.69 percent. For the current quarter, analysts expect SO to generate $8.33B in revenue.

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