The Southern Company [NYSE: SO] stock went on a downward path that fall over -1.60% on Monday, amounting to a one-week price increase of more than 0.41%. The company report on November 28, 2022 that EPRI Receives DOE Award To Research Uranium Recovery Options for the Next Generation of Reactors.
November 28, 2022 /3BL Media/ EPRI, Oak Ridge National Laboratory (ORNL), Southern Company Research and Development, and Deep Isolation announced today they have been awarded $2.8 million from the U.S. Department of Energy (DOE) for a joint nuclear research and development project. The project is focused on nuclear fuel management options to help power advanced nuclear energy systems, which could play an important role in meeting national decarbonization goals.
Over the last 12 months, SO stock rose by 6.13%. The one-year The Southern Company stock forecast points to a potential upside of 4.41. The average equity rating for SO stock is currently 2.80, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $71.24 billion, with 1.09 billion shares outstanding and 1.09 billion shares in the current float. Compared to the average trading volume of 4.19M shares, SO stock reached a trading volume of 4907549 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $68.88 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.
BofA Securities have made an estimate for The Southern Company shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on October 24, 2022. The new note on the price target was released on October 20, 2022, representing the official price target for The Southern Company stock. Previously, the target price had yet another raise from $76 to $87, while UBS kept a Buy rating on SO stock.
The Average True Range (ATR) for The Southern Company is set at 1.27, with the Price to Sales ratio for SO stock in the period of the last 12 months amounting to 2.54. 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 1.86.
SO Stock Performance Analysis:
The Southern Company [SO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.41. With this latest performance, SO shares gained by 1.03% in over the last four-week period, additionally sinking by -13.45% over the last 6 months – not to mention a rise of 6.13% 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 49.62, with the RSI for the last a single of trading hit 51.88, and the three-weeks RSI is set at 47.27 for The Southern Company [SO]. The present Moving Average for the last 50 days of trading for this stock 66.95, while it was recorded at 66.16 for the last single week of trading, and 71.51 for the last 200 days.
Insight into The Southern Company Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and The Southern Company [SO] shares currently have an operating margin of +22.69 and a Gross Margin at +28.24. The Southern Company’s Net Margin is presently recorded at +10.37.
Return on Equity for this stock inclined to 8.53, with Return on Assets sitting at 1.92.
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.
SO Stock EPS
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 6.68%.
The Southern Company [SO] Insider Position Details
There are presently around $44,992 million, or 63.70% of SO stock, in the hands of institutional investors. The top three institutional holders of SO stocks are: VANGUARD GROUP INC with ownership of 94,652,372, which is approximately 1.492% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 76,360,768 shares of the stock with an approximate value of $5.03 billion in SO stocks shares; and STATE STREET CORP, currently with $4.28 billion in SO stock with ownership of nearly 1.386% of the company’s market capitalization.
801 institutional holders increased their position in The Southern Company [NYSE:SO] by around 28,793,148 shares. Additionally, 697 investors decreased positions by around 36,917,962 shares, while 284 investors held positions by with 617,639,825 shares. The mentioned changes placed institutional holdings at 683,350,935 shares, according to the latest SEC report filing. SO stock had 102 new institutional investments in for a total of 6,091,030 shares, while 103 institutional investors sold positions of 4,944,192 shares during the same period.