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Saturday, December 9, 2023

Are Things Looking Up For Southern Company (NYSE: SO)?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Southern Company (SO) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.48, or 0.68%, to $70.75. The Southern Company has recorded 106,957 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted T. Dallas Smith named to Georgia Power Board of Directors.

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Stocks Info

The company is listed on the NYSE and operates within the Utilities – Regulated Electric industry segment. At the end of the last regular session, the stock closed at $70.27 and fluctuated between $70.35 as its day high and $69.26 as its day low. The current market capitalization of Southern Company is $76.64B. A total of 4.52 million shares were traded on the day, compared to an average of 4.21M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, SO has seen 0 BUY and 4 SELL insider trades, representing the acquisition of 0 and the disposition of 12,850 shares. Over the last 12 months, there were 57 BUYs and 77 SELLs from insiders. Insiders purchased 703,323 shares during that period but sold 613,979.

In the most recent transaction, Kuczynski Stephen E sold 5,000 shares of SO for 68.39 per share on Nov 10. After the transaction, the CEO, Southern Nuclear now owns 111,284 company shares. In a previous transaction on Oct 10, Kuczynski Stephen E sold 5,000 shares at 66.00 per share. SO shares that CEO, Southern Nuclear owns now total 116,284.

Among the insiders who sold shares, Kuczynski Stephen E disposed of 5,000 shares on Sep 11 at a per-share price of $67.83. This resulted in the CEO, Southern Nuclear holding 121,284 shares of SO after the transaction. In another insider transaction, DAVIS MARTIN BERNARD sold 1,490 shares at $67.05 per share on Sep 05. Company shares held by the EVP and CIO now total 72,756.


The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Southern Company pays an annual dividend of $2.79, resulting in a dividend yield of 3.96%, and it has a price to earnings (P/E) ratio of 25.44. SO’s most recent ex-dividend date was 11/17/2023 when it declared a $0.70 quarterly dividend that was paid in cash on 12/6/2023. Previously, the company paid the dividend on 9/6/2023 with an ex-dividend date of 8/18/2023. The SO stock dividend was $0.70 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for SO in the last 3 months, the mean price target is $72.81 with high estimates of $82.00 and low estimates of $64.00. In terms of 52-week highs and lows, SO has a high of $75.80 and a low of $58.85.

As of this writing, SO has an earnings estimate of $0.64 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $0.71 per share and a lower estimate of $0.6. The company reported an EPS of $0.79 in the last quarter, which was 5.30% higher than expectations of $0.75.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. SO’s latest balance sheet shows that the firm has $1.80B in Cash & Short Term Investments as of fiscal 2021. There were $55.47B in debt and $10.92B in liabilities at the time. Its Book Value Per Share was $28.77, while its Total Shareholder’s Equity was $32.57B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SO is Buy with a score of 3.60.

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