Is Southern Company (NYSE: SO) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

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Stocks Info

This NYSE-listed company operates within the Utilities – Regulated Electric industry segment, falling under the Utilities sector. The current market capitalization of Southern Company is $94.76B. A total of 6.38 million shares were traded on the day, compared to an average of 4.21M shares.

In the most recent transaction, Spainhour Sterling A Jr. bought 2,380 shares of SO for 88.99 per share on Aug 05 ’24. In a previous transaction on Jul 30 ’24, THE ERNEST J. MONIZ 2018 TRUST bought 8,948 shares at 83.01 per share.

Among the insiders who sold shares, Wilson Anthony L disposed of 6,900 shares on Jul 05 ’24 at a per-share price of $77.61. This resulted in the President & CEO, MPC holding 85,309 shares of SO after the transaction. In another insider transaction, Drake Sloane N sold 12,000 shares at $77.61 per share on Jul 03 ’24. Company shares held by the EVP, CHRO now total 16,771.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Southern Company pays an annual dividend of $2.82, resulting in a dividend yield of 3.26%, and it has a price to earnings (P/E) ratio of 20.64. SO’s most recent ex-dividend date was 8/19/2024 when it declared a $0.72 quarterly dividend that was paid in cash on 9/6/2024. Previously, the company paid the dividend on 6/6/2024 with an ex-dividend date of 5/17/2024. The SO stock dividend was $0.72 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, SO has a high of $89.24 and a low of $61.56.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. SO’s latest balance sheet shows that the firm has $1.80B in Cash & Short Term Investments as of fiscal 2021. There were $55.47B in debt and $10.92B in liabilities at the time. Its Book Value Per Share was $29.65, while its Total Shareholder’s Equity was $32.57B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SO is Buy with a score of 3.85.

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