The Southern Company (SO): Strong Growth Prospects Lie Ahead

Wall Street analysts will be watching closely when The Southern Company (NYSE:SO) reports its quarterly earnings next, which is scheduled for Wed 20 Feb (In 8 Days). Looking at the latest analyst forecasts, the current earnings-per-share (EPS) consensus estimate is sitting at $0.67 per share. In the preceding quarter, the company reportedly generated EPS of $1.14 per share of its common stock. Looking at profitability indicators, this organization has an operating margin of 18.50%, a profit margin of 10.30% and a gross margin of 85.50%.

Speaking of Wall Street analysts, a number of market experts at top investment banks have recently posted their updated ratings on shares of The Southern Company (NYSE:SO). Most recently, on January 24th, 2019, Citigroup Upgrade a Neutral rating. Before that, on October 10th, 2018, BofA/Merrill Upgrade to Neutral. Evercore ISI Downgrade a Underperform rating on August 9th, 2018, Credit Suisse Downgrade an Underperform rating on August 9th, 2018, and Barclays Downgrade a Equal Weight rating on August 9th, 2018.

At its current price point, combined with the fact that this company has 1.03B shares outstanding, the current market capitalization sits at 50.84B. In the last trading day, 3,915,499 shares of The Southern Company were traded, which compares to its usual volume of about 5.74M shares per day of trading.

If we compare this company’s current price to its recent pricing activity, we can see that the price has changed by $0.64 in the past five trading days, resulting in a percentage change of +1.31% and a moving average of 49.09. In the past 20 days, its price changed by $3.21 (which is +6.95%) and the stock’s moving average was 48.04. Looking back a full 50 days, shares of SO changed by $3.25 (which is +7.05%) and demonstrated a moving average of 46.66.

Staying in the same analytical area, this company’s stock has demonstrated a 9-day Stochastic %K score of 92.55%, a 14-day Stochastic %K score of 93.99% and a 20-day Stochastic %K score of 95.88%. Using a similar metric, The Southern Company (SO) shares showed a Stochastic %D of 94.06% over the past 9 days, a Stochastic %D score of 95.42% over the last 14 days, and a 20-day Stochastic %D of 96.89%. Meanwhile, this stock’s MACD Oscillator was 0.37 over the past 9 days, 0.80 over the past two weeks, and 1.20 in the last 20 days.

As recent trading data suggests, this company’s shares have been hovering close to the $49.37 level. Over the past 12 months, this stock has experienced a high price of $49.43 and a low of $42.38. Top market experts pay heightened attention to a stock as it is getting closer to a notable historic high price or low price.

The Vanguard Group Inc purchased more shares of this company during the last fiscal quarter, as we can observe in the latest corresponding filing from The Southern Company (NYSE:SO) with the Securities and Exchange Commission (SEC). This specific major shareholder, at the end of the quarter, held 75,649,381 shares of the company’s stock following the addition of 1,299,159 to this investor’s holdings during the three-month period. This share count represents that The Vanguard Group Inc now held 7.35% stake in The Southern Company (SO)’s shares.

Just in the most recent trading day, The Southern Company (NYSE:SO) experienced a high price of $49.62 and low point of $48.93. At the end of the last trading session, this stock was at 49.37 per share, following a gain of $0.02, or 0.26% during the full day.