The Southern Company [SO] Is Currently 0.02 below its 200 Period Moving Avg: What Dose This Mean?

The Southern Company [NYSE: SO] gained 0.02% or 0.01 points to close at $64.34 with a heavy trading volume of 3604689 shares. The company report on April 27, 2021 that Georgia Power reminds drivers to slow down and “move over” for work crews.

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Georgia Power, in collaboration with the Georgia Department of Transportation (GDOT), is encouraging awareness of driving alert through work zones to help keep workers safe as part of National Work Zone Awareness Week, which runs from April 26 – 30.

National Work Zone Awareness Week, which began in 1999, is designed to inform motorists about the dangers of driving through work zones and of the perils faced by construction and maintenance workers. In July 2016, utility vehicles were included in Georgia’s “Move Over Law,” which requires drivers to move over one lane when crews are working on the roadside. The addition of utility workers to the law helps ensure safety for linemen who may be working on the roadside at night or following severe weather to repair damaged equipment or restore power for customers. If drivers are unable to move over, they should slow down below the speed limit and be prepared to stop.

It opened the trading session at $64.39, the shares rose to $64.625 and dropped to $64.09, the range by which the price of stock traded the whole day. The daily chart for SO points out that the company has recorded 6.15% gains over the past six months. However, it is still -27.66% lower than its most recent low trading price.

If we look at the average trading volume of 3.88M shares, SO reached to a volume of 3604689 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $66.45 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 2.60. 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.

Credit Suisse have made an estimate for The Southern Company shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on February 22, 2021. The new note on the price target was released on January 21, 2021, representing the official price target for The Southern Company stock. Previously, the target price had yet another raise to $64, while BofA Securities analysts kept a Buy rating on SO stock.

The Average True Range (ATR) for The Southern Company is set at 0.87, with the Price to Sales ratio for SO stock in the period of the last 12 months amounting to 3.33. The Price to Book ratio for the last quarter was 2.43, with the Price to Cash per share for the same quarter was set at 1.01.

Trading performance analysis for SO stock

The Southern Company [SO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.11. With this latest performance, SO shares gained by 3.24% in over the last four-week period, additionally plugging by 6.15% over the last 6 months – not to mention a rise of 10.82% 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 58.45, with the RSI for the last a single of trading hit 53.52, and the three-weeks RSI is set at 59.39 for The Southern Company [SO]. The present Moving Average for the last 50 days of trading for this stock 61.33, while it was recorded at 64.75 for the last single week of trading, and 58.57 for the last 200 days.

The Southern Company [SO]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and The Southern Company [SO] shares currently have an operating margin of +24.89 and a Gross Margin at +30.98. The Southern Company’s Net Margin is presently recorded at +15.48.

Return on Total Capital for SO is now 6.13, given the latest momentum, and Return on Invested Capital for the company is 4.29. Return on Equity for this stock inclined to 11.18, with Return on Assets sitting at 2.59. When it comes to the capital structure of this company, The Southern Company [SO] has a Total Debt to Total Equity ratio set at 180.59. Additionally, SO Total Debt to Total Capital is recorded at 64.36, with Total Debt to Total Assets ending up at 41.52. Long-Term Debt to Equity for the company is recorded at 166.90, with the Long-Term Debt to Total Capital now at 58.87.

Reflecting on the efficiency of the workforce at the company, The Southern Company [SO] managed to generate an average of $113,141 per employee. Receivables Turnover for the company is 6.00 with a Total Asset Turnover recorded at a value of 0.17.The Southern Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.50 and a Current Ratio set at 0.70.

The Southern Company [SO]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, The Southern Company posted 0.78/share EPS, while the average EPS was predicted by analysts to be reported at 0.71/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 9.90%. 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 6.50%.

An analysis of insider ownership at The Southern Company [SO]

There are presently around $39,932 million, or 60.00% of SO stock, in the hands of institutional investors. The top three institutional holders of SO stocks are: VANGUARD GROUP INC with ownership of 89,404,302, which is approximately -1.766% of the company’s market cap and around 0.30% of the total institutional ownership; BLACKROCK INC., holding 71,639,735 shares of the stock with an approximate value of $4.61 billion in SO stocks shares; and STATE STREET CORP, currently with $3.36 billion in SO stock with ownership of nearly -3.423% 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 April and at the time of the April reporting period, where 737 institutional holders increased their position in The Southern Company [NYSE:SO] by around 33,960,966 shares. Additionally, 626 investors decreased positions by around 30,621,530 shares, while 213 investors held positions by with 556,058,276 shares. The mentioned changes placed institutional holdings at 620,640,772 shares, according to the latest SEC report filing. SO stock had 186 new institutional investments in for a total of 4,852,703 shares, while 87 institutional investors sold positions of 2,502,208 shares during the same period.

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