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NYSE:SO

Southern - SO Stock Forecast, Price & News

$77.90
-0.39 (-0.50%)
(As of 08/11/2022 12:00 AM ET)
Add
Compare
Today's Range
$77.69
$78.82
50-Day Range
$65.39
$78.29
52-Week Range
$60.99
$78.82
Volume
3.57 million shs
Average Volume
5.43 million shs
Market Capitalization
$82.81 billion
P/E Ratio
27.43
Dividend Yield
3.47%
Price Target
$75.70

Southern MarketRank™ Forecast

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
2.8% Downside
$75.70 Price Target
Short Interest
Healthy
1.23% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-6.08
Upright™ Environmental Score
News Sentiment
0.16mentions of Southern in the last 14 days
Based on 18 Articles This Week
Insider Trading
Selling Shares
$4 M Sold Last Quarter
Proj. Earnings Growth
4.99%
From $3.61 to $3.79 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.51 out of 5 stars

Utilities Sector

18th out of 87 stocks

Electric Services Industry

6th out of 44 stocks

SO stock logo

About Southern (NYSE:SO) Stock

The Southern Company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity. It operates through Gas Distribution Operations, Gas Pipeline Investments, Wholesale Gas Services, and Gas Marketing Services segments. The company also develops, constructs, acquires, owns, and manages power generation assets, including renewable energy projects and sells electricity in the wholesale market; and distributes natural gas in Illinois, Georgia, Virginia, and Tennessee, as well as provides gas marketing services, wholesale gas services, and gas pipeline investments operations. In addition, it owns and/or operates 30 hydroelectric generating stations, 24 fossil fuel generating stations, three nuclear generating stations, 13 combined cycle/cogeneration stations, 45 solar facilities, 15 wind facilities, one fuel cell facility, and four battery storage facility; and constructs, operates, and maintains 76,289 miles of natural gas pipelines and 14 storage facilities with total capacity of 157 Bcf to provide natural gas to residential, commercial, and industrial customers. The company serves approximately 8.7 million electric and gas utility customers. Further, the company offers digital wireless communications and fiber optics services. The Southern Company was incorporated in 1945 and is headquartered in Atlanta, Georgia.

Southern Stock Performance

Shares of SO opened at $77.90 on Friday. The business's 50 day moving average is $72.33 and its two-hundred day moving average is $71.42. Southern has a 52-week low of $60.99 and a 52-week high of $78.82. The firm has a market cap of $82.81 billion, a price-to-earnings ratio of 27.43, a PEG ratio of 5.42 and a beta of 0.50. The company has a quick ratio of 0.67, a current ratio of 0.85 and a debt-to-equity ratio of 1.55.

Southern (NYSE:SO - Get Rating) last announced its earnings results on Thursday, July 28th. The utilities provider reported $1.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.84 by $0.23. Southern had a return on equity of 12.09% and a net margin of 12.13%. The company had revenue of $7.21 billion for the quarter, compared to analyst estimates of $5.31 billion. During the same period in the prior year, the company posted $0.84 EPS. Southern's quarterly revenue was up 38.6% on a year-over-year basis. Analysts forecast that Southern will post 3.61 EPS for the current fiscal year.

Southern Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 6th. Stockholders of record on Monday, August 15th will be issued a $0.68 dividend. The ex-dividend date of this dividend is Friday, August 12th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 3.49%. Southern's dividend payout ratio (DPR) is 95.77%.

Wall Street Analyst Weigh In

SO has been the topic of several research analyst reports. Mizuho lifted their price objective on Southern from $67.00 to $76.00 and gave the company a "neutral" rating in a research note on Thursday, April 21st. Barclays reduced their price objective on Southern from $82.00 to $79.00 and set an "overweight" rating on the stock in a research note on Monday, July 18th. Wells Fargo & Company boosted their price target on Southern from $68.00 to $80.00 and gave the stock an "equal weight" rating in a research report on Tuesday, April 19th. Morgan Stanley reduced their price target on Southern from $67.00 to $66.00 and set an "underweight" rating on the stock in a research report on Monday, May 23rd. Finally, Guggenheim boosted their price target on Southern from $76.00 to $80.00 in a research report on Thursday, July 21st. Two analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Southern presently has a consensus rating of "Hold" and a consensus target price of $75.70.

Insider Activity

In other news, EVP James Y. Kerr II sold 25,000 shares of the business's stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $76.00, for a total value of $1,900,000.00. Following the completion of the sale, the executive vice president now directly owns 136,987 shares in the company, valued at approximately $10,411,012. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP James Y. Kerr II sold 25,000 shares of the company's stock in a transaction on Friday, July 29th. The stock was sold at an average price of $76.00, for a total transaction of $1,900,000.00. Following the completion of the transaction, the executive vice president now directly owns 136,987 shares in the company, valued at approximately $10,411,012. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Stephen E. Kuczynski sold 14,500 shares of the company's stock in a transaction on Tuesday, July 5th. The stock was sold at an average price of $72.92, for a total value of $1,057,340.00. Following the transaction, the chief executive officer now owns 115,284 shares of the company's stock, valued at $8,406,509.28. The disclosure for this sale can be found here. In the last ninety days, insiders sold 54,000 shares of company stock worth $4,002,500. 0.37% of the stock is currently owned by insiders.

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SO Stock News Headlines

Southern (NYSE:SO) Sets New 52-Week High at $78.57
Analysts Set The Southern Company (NYSE:SO) PT at $74.60
Southern (SO) to Release Earnings on Thursday
Southern (NYSE:SO) PT Raised to $80.00
Southern (NYSE:SO) Given New $79.00 Price Target at Barclays
Recap: Southern Q4 Earnings
The Southern Co. to Host Earnings Call
See More Headlines
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SO Company Calendar

Ex-Dividend for 6/6 Dividend
5/13/2022
Dividend Payable
6/06/2022
Last Earnings
7/28/2022
Today
8/11/2022
Ex-Dividend for 9/6 Dividend
8/12/2022
Dividend Payable
9/06/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Electric services
Sub-Industry
Electric Utilities
Sector
Utilities
CUSIP
84258710
Employees
27,300
Year Founded
1945

Price Target and Rating

Average Stock Price Forecast
$75.70
High Stock Price Forecast
$87.00
Low Stock Price Forecast
$66.00
Forecasted Upside/Downside
-2.8%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
12 Analysts

Profitability

Net Income
$2.41 billion
Pretax Margin
13.43%

Debt

Sales & Book Value

Annual Sales
$23.11 billion
Cash Flow
$7.13 per share
Book Value
$31.06 per share

Miscellaneous

Outstanding Shares
1,063,001,000
Free Float
1,059,068,000
Market Cap
$82.81 billion
Optionable
Optionable
Beta
0.50

Social Links















SO Stock - Frequently Asked Questions

Should I buy or sell Southern stock right now?

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Southern in the last year. There are currently 2 sell ratings, 5 hold ratings and 5 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.
View SO analyst ratings
or view top-rated stocks.

What is Southern's stock price forecast for 2022?

12 brokers have issued 1-year price targets for Southern's stock. Their SO share price forecasts range from $66.00 to $87.00. On average, they expect the company's stock price to reach $75.70 in the next twelve months. This suggests that the stock has a possible downside of 2.8%.
View analysts price targets for SO
or view top-rated stocks among Wall Street analysts.

How have SO shares performed in 2022?

Southern's stock was trading at $68.58 on January 1st, 2022. Since then, SO shares have increased by 13.6% and is now trading at $77.90.
View the best growth stocks for 2022 here
.

When is Southern's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our SO earnings forecast
.

How were Southern's earnings last quarter?

The Southern Company (NYSE:SO) announced its earnings results on Thursday, July, 28th. The utilities provider reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.23. The utilities provider had revenue of $7.21 billion for the quarter, compared to analysts' expectations of $5.31 billion. Southern had a net margin of 12.13% and a trailing twelve-month return on equity of 12.09%. The business's revenue for the quarter was up 38.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.84 earnings per share.
Read the conference call transcript
.

How often does Southern pay dividends? What is the dividend yield for Southern?

Southern announced a quarterly dividend on Monday, July 18th. Shareholders of record on Monday, August 15th will be given a dividend of $0.68 per share on Tuesday, September 6th. This represents a $2.72 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date of this dividend is Friday, August 12th.
Read our dividend analysis for SO
.

Is Southern a good dividend stock?

Southern (NYSE:SO) pays an annual dividend of $2.72 per share and currently has a dividend yield of 3.47%. The company has been increasing its dividend for 22 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 95.77%. 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 71.77% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SO.

What guidance has Southern issued on next quarter's earnings?

Southern issued an update on its third quarter 2022 earnings guidance on Friday, August, 5th. The company provided earnings per share (EPS) guidance of $1.32-$1.32 for the period, compared to the consensus estimate of $1.31. The company issued revenue guidance of -.

What is Thomas A. Fanning's approval rating as Southern's CEO?

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.

What other stocks do shareholders of Southern own?

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).

What is Southern's stock symbol?

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

Who are Southern's major shareholders?

Southern's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include California Public Employees Retirement System (0.73%), Swiss National Bank (0.43%), Pictet Asset Management SA (0.37%), JPMorgan Chase & Co. (0.36%), Sumitomo Mitsui Trust Holdings Inc. (0.31%) and Victory Capital Management Inc. (0.18%). Insiders that own company stock include Ann P Daiss, Anthony L Wilson, 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, Stan W Connally, Stephen E Kuczynski, Stephen E Kuczynski and Thomas A Fanning.
View institutional ownership trends
.

How do I buy shares of Southern?

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.
Compare Top Brokerages Here.

What is Southern's stock price today?

One share of SO stock can currently be purchased for approximately $77.90.

How much money does Southern make?

Southern (NYSE:SO) has a market capitalization of $82.81 billion and generates $23.11 billion in revenue each year. The utilities provider earns $2.41 billion in net income (profit) each year or $2.84 on an earnings per share basis.

How many employees does Southern have?

The company employs 27,300 workers across the globe.

Does Southern have any subsidiaries?

The following companies are subsidiares of Southern: AGL Resources, Adobe Solar LLC, Alabama Power, Alabama Power Capital Trust V, Alabama Property Company, Apex Nevada Solar LLC, Atlanta Gas Light Company, BNB Lamesa Solar LLC, BSP Holding Company LLC (4), Bethel Wind Farm Class B Holdings LLC, Bethel Wind Farm Holdings LLC, Bethel Wind Farm LLC, Blackwell Solar Holdings LLC, Blackwell Solar LLC, Boulder Solar Power LLC, Boulder Solar Power Parent LLC, Cactus Flats Holdings LLC (10), Calipatria LLC, Campo Verde Solar LLC, Desert Stateline Holdings LLC (5), Desert Stateline LLC, East Pecos Solar LLC, Evergreen Enterprise Holdings LLC, Georgia Natural Gas Company, Georgia Power Company, Grant County Interconnect LLC (7), Grant Plains Wind LLC, Grant Wind LLC, Granville Solar LLC, Kay Wind LLC, Lost Hills Blackwell Holdings LLC (4), Lost Hills Solar Holdco LLC, Lost Hills Solar LLC, Macho Springs Solar 2 LLC, Macho Springs Solar LLC, Mankato Energy Center II LLC, Mankato Energy Center LLC, Mississippi Power Company, Morelos Solar LLC, NS Solar Holdings LLC (4), Nacogdoches Power LLC, North Star Solar LLC, Northern Illinois Gas Company (12), Ottawa Acquisition LLC, Parrey Holding Company LLC (4), Parrey LLC, Parrey Parent LLC, Passadumkeag Windpark LLC, Piedmont-Forrest Corporation, PowerSecure International Inc, RE Garland A LLC, RE Garland Holdings LLC, RE Garland LLC, RE Gaskell West 1 LLC, RE Roserock Holdings LLC (2), RE Roserock LLC, RE Silverlake Holdings LLC (4), RE Tranquillity BAAH LLC, RE Tranquillity Holdings LLC (4), RE Tranquillity LLC, Reading Wind Energy LLC, Rutherford Farm LLC, SG2 Holdings LLC (4), SG2 Imperial Valley LLC, SP Butler Solar Farm LLC, SP Butler Solar LLC, SP Cactus Flats Class B Holdings LLC, SP Cactus Flats Wind Energy LLC, SP Cimarron Capital LLC, SP Cimarron I LLC, SP Decatur County Solar LLC, SP Decatur Parkway Solar LLC, SP Gaskell West 1 Class B Holdings LLC, SP Gaskell West 1 Holdings LLC (9), SP Pawpaw Solar LLC, SP Sandhills Solar LLC, SP Solar Farms LLC, SP Solar GP Inc., SP Solar Holdings I LP (3), SP TEP Class B Holdings I Inc., SP TEP Formations Inc., SP Wind Development Holdings LLC, SP Wind Holdings II LLC (6), SP Wind Holdings LLC, SPR Development Holdings LLC (11), Salt Fork Wind LLC, Sequent LLC, SouthStar Energy Services LLC, Southern Company Gas, Southern Company Gas Capital Corporation, Southern Company Gas Investments Inc., Southern Company Gas Investments Inc., Southern Company Gas Pipeline Holdings LLC, Southern Electric Generating Company, Southern Power Company, Southern Renewable Energy Inc., Southern Renewable Partnerships LLC, Spectrum Nevada Solar LLC, The Southern Company, Tyler Bluff Wind Project LLC, WWH LLC (8), Wake Wind Class B Holdings LLC, Wake Wind Energy LLC, Wake Wind Holdings LLC, and Wildhorse Wind Energy LLC.
Read More

When was Southern founded?

Southern was founded in 1945.

How can I contact Southern?

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.

This page (NYSE:SO) was last updated on 8/12/2022 by MarketBeat.com Staff

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