While Southern Company has overperformed by 0.16%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, SO rose by 13.24%, with highs and lows ranging from $94.45 to $65.80, whereas the simple moving average fell by -1.91% in the last 200 days.
On September 20, 2024, Jefferies started tracking Southern Company (NYSE: SO) recommending Hold. A report published by Mizuho on September 16, 2024, Downgraded its rating to ‘Neutral’ for SO. BMO Capital Markets January 11, 2024d its ‘Market Perform’ rating to ‘Outperform’ for SO, as published in its report on January 11, 2024. Citigroup’s report from December 08, 2023 suggests a price prediction of $82 for SO shares, giving the stock a ‘Buy’ rating. Scotiabank also rated the stock as ‘Sector Perform’.
Analysis of Southern Company (SO)
With SO’s current dividend of $2.86 per share, investors can expect to earn a return regardless of performance. Further, the quarter-over-quarter increase in sales is 4.21%, showing a positive trend in the upcoming months.
Southern Company’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of 14.60% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.63, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and SO has an average volume of 4.05M. On a monthly basis, the volatility of the stock is set at 1.55%, whereas on a weekly basis, it is put at 1.54%, with a loss of -1.57% over the past seven days. Furthermore, long-term investors anticipate a median target price of $92.25, showing growth from the present price of $81.09, which can serve as yet another indication of whether SO is worth investing in or should be passed over.
How Do You Analyze Southern Company Shares?
Utilities – Regulated Electric giant Southern Company (SO) is based in the USA and is one of the largest companies in the market. When comparing Southern Company shares with other companies under Utilities, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 18.89, there is a growth in quarterly earnings of 7.56%.
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.19%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 68.44% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
SO shares are owned by institutional investors to the tune of 68.44% at present.
