In today’s recent session, 0.94 million shares of the Southern Company (NYSE:SO) have been traded, and its beta is 0.37. Most recently the company’s share price was $88.75, and it changed around $0.33 or 0.37% from the last close, which brings the market valuation of the company to $97.54B. SO at last check was trading at a discount to its 52-week high of $94.45, offering almost -6.42% off that amount. The share price’s 52-week low was $76.96, which indicates that the recent value has risen by an impressive 13.28% since then. We note from Southern Company’s average daily trading volume that its 10-day average is 5.15 million shares, with the 3-month average coming to 5.02 million.
Southern Company stock received a consensus recommendation rating of Hold, based on a mean score of 2.43. If we narrow it down even further, the data shows that 1 out of 23 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 12 recommended SO as a Hold, whereas 5 deemed it a Buy, and 1 rated it as Underweight.
Southern Company (NYSE:SO) trade information
Instantly SO has been showing a green trend so far today with a performance of 0.37% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 91.07 on recent trading dayincreased the stock’s daily price by 2.55%. The company’s shares are currently up 7.81% year-to-date, but still down -0.89% over the last five days. On the other hand, Southern Company (NYSE:SO) is -0.82% down in the 30-day period. We can see from the shorts that 20.56 million shares have been sold at a short interest cover period of 3.72 day(s).
The consensus price target as assigned by Wall Street analysts is $91, which translates to bulls needing to increase their stock price by 2.47% from its current value. Analyst projections state that SO is forecast to be at a low of $91 and a high of $91.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -2.34%. Southern Company earnings are expected to increase by 5.62% in 2025, but the outlook is positive 6.55% per year for the next five years.
SO Dividends
Southern Company’s next quarterly earnings report is expected to be released on 2025-May-01. The annual dividend yield of the stock is 3.27 percent and its annual dividend per share was 2.90. It is important to note, however, that the 3.27% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 3.88 per year.
Southern Company (NYSE:SO)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.10% of Southern Company shares, and 71.15% of them are in the hands of institutional investors. The stock currently has a share float of 71.22%. Southern Company stock is held by 2649.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 9.1938% of the shares, which is about 100.76 million shares worth $7.82 billion.
BLACKROCK INC., with 7.0885% or 77.69 million shares worth $6.03 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
