Southern - SO Stock Forecast, Price & News

15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Southern in the last year. There are currently 5 sell ratings, 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" SO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SO, but not buy additional shares or sell existing shares.
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15 equities research analysts have issued 1-year target prices for Southern's stock. Their SO share price forecasts range from $57.00 to $87.00. On average, they anticipate the company's stock price to reach $71.64 in the next year. This suggests a possible upside of 4.5% from the stock's current price.
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Southern's stock was trading at $71.41 at the start of the year. Since then, SO shares have decreased by 3.9% and is now trading at $68.59.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
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The Southern Company (NYSE:SO) posted its earnings results on Thursday, February, 16th. The utilities provider reported $0.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.02. The utilities provider had revenue of $7.05 billion for the quarter, compared to analysts' expectations of $4.83 billion. Southern had a net margin of 12.40% and a trailing twelve-month return on equity of 11.73%. The firm's revenue for the quarter was up 22.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.36 earnings per share.
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Southern announced a quarterly dividend on Friday, January 20th. Investors of record on Tuesday, February 21st will be given a dividend of $0.68 per share on Monday, March 6th. This represents a $2.72 annualized dividend and a yield of 3.97%. The ex-dividend date is Friday, February 17th.
Read our dividend analysis for SO.

ETFs with the largest weight of Southern (NYSE:SO) stock in their portfolio include Utilities Select Sector SPDR Fund (XLU), Vanguard Utilities ETF (VPU), Fidelity MSCI Utilities Index ETF (FUTY), iShares U.S. Utilities ETF (IDU), ProShares Ultra Utilities (UPW), Direxion Daily Utilities Bull 3X Shares (UTSL), iShares Global Utilities ETF (JXI) and Invesco DWA Utilities Momentum ETF (PUI).

Southern (NYSE:SO) pays an annual dividend of $2.72 per share and currently has a dividend yield of 4.05%. SO has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 21 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 82.93%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, SO will have a dividend payout ratio of 67.83% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SO.

Southern issued an update on its FY 2024 earnings guidance on Monday, February, 20th. The company provided earnings per share guidance of $3.95-$4.10 for the period. The company issued revenue guidance of -.

235 employees have rated Southern Chief Executive Officer Thomas A. Fanning on Glassdoor.com. Thomas A. Fanning has an approval rating of 85% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Southern investors own include AT&T (T), Verizon Communications (VZ), AbbVie (ABBV), Johnson & Johnson (JNJ), Duke Energy (DUK), Pfizer (PFE), Exxon Mobil (XOM), Coca-Cola (KO), Altria Group (MO) and Chevron (CVX).

Southern trades on the New York Stock Exchange (NYSE) under the ticker symbol "SO."

Southern's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Price T Rowe Associates Inc. MD (5.53%), Geode Capital Management LLC (1.79%), Franklin Resources Inc. (1.39%), Morgan Stanley (0.84%), Legal & General Group Plc (0.83%) and California Public Employees Retirement System (0.66%). Insiders that own company stock include Ann P Daiss, Bryan D Anderson, Bryan D Anderson, Christopher C Womack, Christopher C Womack, Christopher Cummiskey, Daniel S Tucker, David J Grain, Ernest J Moniz, James Y Kerr II, Kimberly S Greene, Martin Bernard Davis, Stephen E Kuczynski and Stephen E Kuczynski.
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Shares of SO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SO stock can currently be purchased for approximately $68.59.

Southern (NYSE:SO) has a market capitalization of $74.69 billion and generates $29.28 billion in revenue each year. The utilities provider earns $3.54 billion in net income (profit) each year or $3.28 on an earnings per share basis.

The company employs 27,700 workers across the globe.

Southern's mailing address is 30 Ivan Allen Jr. Boulevard N.W., Atlanta GA, 30308. The official website for the company is www.southerncompany.com. The utilities provider can be reached via phone at (404) 506-5000, via email at apabramo@southernco.com, or via fax at 404-506-0344.