The Southern Company (SO): Find Out What Insiders Are Doing

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The Southern Company (NYSE:SO) finished Wednesday with a subtraction of -$1.09 to close at $76.13, a downside of -1.41 percent. An average of 4,311,380 shares of common stock have been traded in the last five days. There was a fall of -$3.30 in the past week, and it reached a new high 33 times over the past 12 months. The last 20 days have seen an average of 3,564,540 shares traded, while the 50-day average volume stands at 3,884,498.

SO stock has decreased by -3.77% in the last month. The company shares reached their 1-month lowest point of $76.12 on 09/21/22. With the stock rallying to its 52-week high on 08/19/22, shares of the company touched a low of $60.99 and a high of $80.57 in 52 weeks. It has reached a new high 24 times so far this year and achieved 11.01% or $7.55 in price. In spite of this, the price is down -5.51% from the 52-week high.


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Insider Transactions

14 days have passed since The Southern Company (SO) last reported insider trading activity. Kuczynski Stephen E, who is Pres. & CEO, Southern Nuclear, most recently acquired $14,500 shares at $79.47 per share on Sep 08. In this transaction, the insider spent $1,152,315. Pres. & CEO, Southern Nuclear, Kuczynski Stephen E, disposed of 14,500 shares at a price of $78.37 on Aug 10. The insider now owns more than $1,136,365 worth of shares. Prior to that, EVP, Chief Legal Officer & CCO Kerr, II James Y went on to Sale 25,000 shares at $76.00 each on Jul 29. An amount of $1,900,000 was transacted.

Valuation Metrics

The Southern Company (SO) has a trailing price-to-earnings (P/E) ratio of 26.93. The stock’s beta is 0.50. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.13, the price-to-book (PB) ratio at 2.82.

The company has a payout ratio of 93.50%. The company’s most recent quarterly dividend payment was $0.68 a share, without any change from last year. Its latest increase dividend $0.02 reported on Tuesday April 19 2022.

Financial Health

The quick ratio of The Southern Company for the three months ended June 29 was 0.60, and the current ratio was 0.90, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.78 and a total debt to equity ratio of 1.91 for the quarter ending June 29. Its gross profit as reported stood at $3.7 billion compared to revenue of $23.11 billion.

Earnings Surprise

For the three-month period that ended June 29, The Southern Company had $48.84 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $1.1 billion in the quarter, while revenues were shrunk -13.62%. The analyst consensus anticipated The Southern Company’s latest quarter earnings to come in at $0.84 per share, but it turned out to be $1.07, a 27.40% surprise. For the quarter, EBITDA amounted to $2.66 billion. Shareholders own equity worth $1.06 billion.

Technical Picture

From a technical analysis perspective, let’s take a brief look at The Southern Company (SO) price momentum. RSI 9-day as of the close on 21 September was 37.38%, suggesting the stock is Neutral, with historical volatility in this time frame at 23.28%.

As of today, SO’s price is $77.23 -4.15% or -$3.30 from its 5-day moving average. SO is currently trading -3.38% lower than its 20-day SMA and +0.73% higher than its 100-day SMA. However, the stock’s current price level is +5.77% above the SMA50 and +21.17% above the SMA200.

The stochastic %K and %D were 21.53% and 22.19%, respectively, and the average true range (ATR) was 1.56. With the 14-day stochastic at 0.24% and the average true range at 1.48, the RSI (14) stands at 42.38%. The stock has reached -0.96 on the 9-day MACD Oscillator while the 14-day reading was at -1.16.

Analyst Ratings

UBS upgraded The Southern Company (NYSE: SO) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for The Southern Company (SO) among analysts is Hold. According to current brokerage recommendations, 4 brokerage firms advise that investors sell SO, while 8 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 4 others rate it as a “buy”.

What is SO’s price target for the next 12 months?

Analysts predict a range of price targets between $61.00 and $93.00, with a median target of $77.00. Taking a look at these predictions, the average price target given by analysts for The Southern Company (SO) stock is $76.07.

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