Southern Company (NYSE:SO): A Fundamentally Weighted Stock for Long-Term Investors

Southern Company (NYSE:SO) shares traded 0.09% higher at $68.10 on Wall Street last session.

In accordance with the data, 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 $68.04, this indicates a potential upside of 6.55 percent. SO stock price is now 1.00% away from the 50-day moving average and -1.42% away from the 200-day moving average. The market capitalization of the company currently stands at $74.27B.

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It has been rated a hold by 7 analysts and a buy by 9. 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 $7.92 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 $8.26 million. Insiders disposed of 613,979 shares of company stock worth roughly $41.81 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.

Southern Company (NYSE: SO) opened at $68.39 on Friday. 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 $134.90B, which is based on a 24.65 price-to-earnings ratio, a 3.47 price-to-earnings-growth ratio, and a beta of 0.55. The fifty day moving average price for SO is $67.43 and a two-hundred day moving average price translates $69.08 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.

Southern Company(SO) Company Profile

The Southern Company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity. It operates through three segments: Gas Distribution Operations, Gas Pipeline Investments, and Gas Marketing Services. The company also develops, constructs, acquires, owns, and manages power generation assets, including renewable energy projects and sells electricity in the wholesale market; and distributes natural gas in Illinois, Georgia, Virginia, and Tennessee, as well as provides gas marketing services, gas distribution operations, and gas pipeline investments operations. In addition, it constructs, operates, and maintains 77,591 miles of natural gas pipelines and 14 storage facilities with total capacity of 157 Bcf to provide natural gas to residential, commercial, and industrial customers. It serves approximately 8.8 million electric and gas utility customers. Further, the company offers digital wireless communications and fiber optics services. The Southern Company was incorporated in 1945 and is headquartered in Atlanta, Georgia.

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