In the last trading session, 7.35 million The Southern Company (NYSE:SO) shares changed hands as the company’s beta touched 0.52. With the company’s per share price at $71.09 changed hands at $0.19 or 0.27% during last session, the market valuation stood at $77.32B. SO’s last price was a discount, traded about -11.34% off its 52-week high of $79.15. The share price had its 52-week low at $58.85, which suggests the last value was 17.22% up since then. When we look at The Southern Company’s average trading volume, we note the 10-day average is 4.19 million shares, with the 3-month average coming to 3.73 million.
The Southern Company (NYSE:SO) trade information
Instantly SO was in green as seen at the end of in last trading. With action 4.65%, the performance over the past five days has been green. The jump to weekly highs of 71.43 on Friday, 09/15/23 added 0.27% to the stock’s daily price. The company’s shares are showing year-to-date downside of -0.45%, with the 5-day performance at 4.65% in the green. However, in the 30-day time frame, The Southern Company (NYSE:SO) is 4.38% up. Looking at the short shares, we see there were 10.81 million shares sold at short interest cover period of 3.32 days.
The Southern Company (SO) estimates and forecasts
Data shows that the The Southern Company share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 4.36% over the past 6 months, a 0.00% in annual growth rate that is considerably lower than the industry average of 2.90%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for The Southern Company will rise 0.80%, while the growth in revenue is estimated to hit 115.40% for the next quarter. Year-over-year growth is forecast to reach -4.40% down from the last financial year.
Consensus estimates given by 5 financial analysts project the company’s revenue in the current quarter to hit an average of $8.23 billion. 5 analysts are of the opinion that The Southern Company’s revenue for the quarter ending Dec 2023 will be $7.76 billion. The company’s revenue for the corresponding quarters a year ago was $8.38 billion and $7.05 billion respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -1.70%. The estimates for the next quarter sales put growth at 10.20%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 41.60%. The 2023 estimates are for The Southern Company earnings to increase by 45.50%, but the outlook for the next 5-year period is at 7.30% per year.
The Southern Company is expected to release its next quarterly earnings report in October. The 3.94% annual yield figure for the share gives it an annual dividend of 2.80. It is important to note, however, that the 3.94% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.
The Southern Company (NYSE:SO)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.16% of The Southern Company shares while 65.65% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 65.75%. There are 65.65% institutions holding the The Southern Company stock share, with Vanguard Group Inc the top institutional holder. As of Jun 29, 2023, the company held 9.10% of the shares, roughly 99.22 million SO shares worth $6.97 billion.
Blackrock Inc. holds the second largest percentage of outstanding shares, with 7.16% or 78.11 million shares worth $5.49 billion as of Jun 29, 2023.
Among Mutual Funds, the top two as of Jun 29, 2023 were Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. With 34.03 million shares estimated at $2.39 billion under it, the former controlled 3.12% of total outstanding shares. On the other hand, Vanguard 500 Index Fund held about 2.38% of the shares, roughly 25.96 million shares worth around $1.82 billion.