The Southern Company [SO] is -1.58% lower this YTD. Is it still time to buy?

The Southern Company [NYSE: SO] plunged by -$1.03 during the normal trading session on Tuesday and reaching a high of $61.67 during the day while it closed the day at $60.46. The company report on June 30, 2021 that Georgia Power, City of Atlanta partner on the installation of 10,000 energy efficient streetlights across the city as part of “One Atlanta – Light Up the Night”.

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Effort designed to help reduce crime, improve traffic safety.

Georgia Power and the City of Atlanta announced that the company will be increasing the city’s streetlight footprint by 10,000 lights and upgrading other lighting, with a focus on areas with high rates of traffic accidents and crime.

The Southern Company stock has also loss -2.61% of its value over the past 7 days. However, SO stock has declined by -1.75% in the 3 months of the year. Over the past six months meanwhile, it has gained 0.78% and lost -1.58% year-on date.

The market cap for SO stock reached $63.43 billion, with 1.06 billion shares outstanding and 1.06 billion shares in the current float. Compared to the average trading volume of 3.94M shares, SO reached a trading volume of 4079583 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 $68.03 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 0.90, with the Price to Sales ratio for SO stock in the period of the last 12 months amounting to 2.98. The Price to Book ratio for the last quarter was 2.25, with the Price to Cash per share for the same quarter was set at 1.69.

SO stock trade performance evaluation

The Southern Company [SO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.61. With this latest performance, SO shares dropped by -5.41% in over the last four-week period, additionally plugging by 0.78% over the last 6 months – not to mention a rise of 17.26% 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 33.74, with the RSI for the last a single of trading hit 30.17, and the three-weeks RSI is set at 37.20 for The Southern Company [SO]. The present Moving Average for the last 50 days of trading for this stock 64.15, while it was recorded at 61.19 for the last single week of trading, and 60.81 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 +24.89 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 0.60 and a Current Ratio set at 0.80.

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

With the latest financial reports released by the company, The Southern Company posted 0.78/share EPS, while the average EPS was predicted by analysts to be reported at 0.67/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 16.40%. 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%.

The Southern Company [SO]: Insider Ownership positions

There are presently around $38,864 million, or 60.90% of SO stock, in the hands of institutional investors. The top three institutional holders of SO stocks are: VANGUARD GROUP INC with ownership of 89,704,106, which is approximately 0.335% of the company’s market cap and around 0.30% of the total institutional ownership; BLACKROCK INC., holding 71,983,321 shares of the stock with an approximate value of $4.43 billion in SO stocks shares; and STATE STREET CORP, currently with $3.19 billion in SO stock with ownership of nearly -0.635% 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 697 institutional holders increased their position in The Southern Company [NYSE:SO] by around 30,705,100 shares. Additionally, 672 investors decreased positions by around 23,968,825 shares, while 231 investors held positions by with 577,365,141 shares. The mentioned changes placed institutional holdings at 632,039,066 shares, according to the latest SEC report filing. SO stock had 101 new institutional investments in for a total of 4,153,360 shares, while 107 institutional investors sold positions of 1,464,844 shares during the same period.

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