The stock of Southern Company (NYSE:SO) last traded at $82.26, down -0.32% from the previous session.
SO stock price is now -2.89% away from the 50-day moving average and -1.23% away from the 200-day moving average. The market capitalization of the company currently stands at $90.13B.
On September 20, 2024, Jefferies recently initiated its ‘Hold’ rating on the stock quoting a target price of $94, while ‘Mizuho’ rates the stock as ‘Neutral’
In other news, DAVIS MARTIN BERNARD, EVP and CIO sold 1,170 shares of the company’s stock on Dec 05 ’24. The stock was sold for $100,503 at an average price of $85.90. Upon completion of the transaction, the EVP and CIO now directly owns 88,393 shares in the company, valued at $7.27 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 05 ’24, CEO, President and Chairman WOMACK CHRISTOPHER C sold 14,000 shares of the business’s stock. A total of $1,206,520 was realized by selling the stock at an average price of $86.18. This leaves the insider owning 73,911 shares of the company worth $6.08 million. 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 $157801988096, which is based on a 19.16 price-to-earnings ratio, a 2.99 price-to-earnings-growth ratio, and a beta of 0.52. The fifty day moving average price for SO is $84.8032 and a two-hundred day moving average price translates $83.2232 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. For the current quarter, analysts expect SO to generate $6.19B in revenue.
