Scotiabank slashes price target on The Southern Company [SO] – find out why.

The Southern Company [NYSE: SO] closed the trading session at $61.07 on 12/17/20. The day’s price range saw the stock hit a low of $60.75, while the highest price level was $61.44. The company report on December 18, 2020 that Mark Lantrip announces retirement after four decades of service to Southern Company; Company names Chris Cummiskey Chief Commercial and Customer Solutions Officer.

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Southern Company announced Chris Cummiskey, currently Group CEO for Southern Energy Resources and executive vice president of Southern Company Services Commercial Development, will succeed Mark Lantrip, who is retiring after 40 years of service. Cummiskey has been named executive vice president and Chief Commercial and Customer Solutions Officer for Southern Company, effective Jan. 1, 2021.

“As Southern Company continues to lead the way toward a new energy landscape, we will look to the diverse capabilities of our operating companies, unregulated businesses and the industry-leading research and development efforts,” said Tom Fanning, chairman, president & CEO of Southern Company. “Chris is a valued member of the Southern Company team with a laser focus on delivering on our commitments to our customers, employees and shareholders as we decarbonize our operations to a net zero emissions future.”.

The stocks have a year to date performance of -4.13 percent and weekly performance of 0.94 percent. The stock has been moved at 13.92 percent over the last six months. The stock has performed -2.07 percent around the most recent 30 days and changed 15.64 percent over the most recent 3-months.

If compared to the average trading volume of 3.86M shares, SO reached to a volume of 2990577 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about The Southern Company [SO]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SO shares is $63.24 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SO stock is a recommendation set at 2.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Scotiabank have made an estimate for The Southern Company shares, keeping their opinion on the stock as Sector Outperform, with their previous recommendation back on December 15, 2020. While these analysts kept the previous recommendation, Wells Fargo raised their target price from $63 to $72. The new note on the price target was released on December 01, 2020, representing the official price target for The Southern Company stock. Previously, the target price had yet another raise to $67, while BMO Capital Markets analysts kept a Market Perform rating on SO stock.

The Average True Range (ATR) for The Southern Company is set at 1.23, with the Price to Sales ratio for SO stock in the period of the last 12 months amounting to 3.20. The Price to Book ratio for the last quarter was 2.28, with the Price to Cash per share for the same quarter was set at 3.19.

SO stock trade performance evaluation

The Southern Company [SO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.94. With this latest performance, SO shares dropped by -2.07% in over the last four-week period, additionally plugging by 13.92% over the last 6 months – not to mention a drop of -4.02% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SO stock in for the last two-week period is set at 52.20, with the RSI for the last a single of trading hit 52.37, and the three-weeks RSI is set at 53.31 for The Southern Company [SO]. The present Moving Average for the last 50 days of trading for this stock 60.46, while it was recorded at 60.49 for the last single week of trading, and 56.04 for the last 200 days.

The Southern Company [SO]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and The Southern Company [SO] shares currently have an operating margin of +24.30 and a Gross Margin at +30.10. The Southern Company’s Net Margin is presently recorded at +22.43.

Return on Total Capital for SO is now 6.56, given the latest momentum, and Return on Invested Capital for the company is 6.94. Return on Equity for this stock inclined to 18.00, with Return on Assets sitting at 4.04. When it comes to the capital structure of this company, The Southern Company [SO] has a Total Debt to Total Equity ratio set at 175.15. Additionally, SO Total Debt to Total Capital is recorded at 63.66, with Total Debt to Total Assets ending up at 41.02. Long-Term Debt to Equity for the company is recorded at 157.84, with the Long-Term Debt to Total Capital now at 56.76.

Reflecting on the efficiency of the workforce at the company, The Southern Company [SO] managed to generate an average of $170,132 per employee. Receivables Turnover for the company is 5.68 with a Total Asset Turnover recorded at a value of 0.18.The Southern Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 0.90.

Earnings per share (EPS) analysis for The Southern Company [SO] stock

With the latest financial reports released by the company, The Southern Company posted 0.27/share EPS, while the average EPS was predicted by analysts to be reported at 0.27/share. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SO. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for The Southern Company go to 4.35%.

The Southern Company [SO]: Insider Ownership positions

There are presently around $37,754 million, or 59.80% of SO stock, in the hands of institutional investors. The top three institutional holders of SO stocks are: VANGUARD GROUP INC with ownership of 91,011,175, which is approximately -0.835% of the company’s market cap and around 0.13% of the total institutional ownership; BLACKROCK INC., holding 73,921,356 shares of the stock with an approximate value of $4.51 billion in SO stocks shares; and STATE STREET CORP, currently with $3.3 billion in SO stock with ownership of nearly -3.271% of the company’s market capitalization.

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Positions in The Southern Company stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 614 institutional holders increased their position in The Southern Company [NYSE:SO] by around 28,690,986 shares. Additionally, 635 investors decreased positions by around 24,467,624 shares, while 216 investors held positions by with 565,043,139 shares. The mentioned changes placed institutional holdings at 618,201,749 shares, according to the latest SEC report filing. SO stock had 94 new institutional investments in for a total of 10,041,325 shares, while 97 institutional investors sold positions of 1,730,151 shares during the same period.

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