Research Analysts Set Expectations for The Southern Company’s FY2025 Earnings (NYSE:SO)

The Southern Company (NYSE:SOGet Rating) – Analysts at Seaport Res Ptn boosted their FY2025 earnings per share estimates for Southern in a research note issued to investors on Monday, November 21st. Seaport Res Ptn analyst A. Storozynski now forecasts that the utilities provider will post earnings per share of $4.45 for the year, up from their prior estimate of $4.44. The consensus estimate for Southern’s current full-year earnings is $3.60 per share.

SO has been the topic of a number of other reports. Morgan Stanley increased their price objective on Southern from $55.00 to $59.00 and gave the company an “underweight” rating in a report on Friday, November 11th. Guggenheim cut their price objective on Southern from $80.00 to $69.00 in a report on Monday, October 24th. Bank Of America (Bofa) lowered Southern to an “underperform” rating in a report on Monday, October 24th. Argus increased their price objective on Southern from $83.00 to $87.00 and gave the company a “buy” rating in a report on Wednesday, September 14th. Finally, The Goldman Sachs Group increased their price objective on Southern from $53.00 to $61.00 and gave the company a “sell” rating in a report on Monday, August 22nd. Five investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Southern currently has an average rating of “Hold” and a consensus price target of $71.42.

Southern Trading Up 0.6 %

Southern stock opened at $66.36 on Wednesday. The stock has a 50-day moving average of $67.39 and a two-hundred day moving average of $72.01. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.64 and a current ratio of 0.81. Southern has a one year low of $60.71 and a one year high of $80.57. The stock has a market cap of $72.24 billion, a PE ratio of 21.00, a price-to-earnings-growth ratio of 4.58 and a beta of 0.51.

Hedge Funds Weigh In On Southern

Several hedge funds and other institutional investors have recently made changes to their positions in SO. IndexIQ Advisors LLC purchased a new position in Southern during the first quarter worth approximately $25,000. Johnson Midwest Financial LLC purchased a new position in Southern during the second quarter worth approximately $25,000. Chilton Capital Management LLC purchased a new position in Southern during the second quarter worth approximately $25,000. Crewe Advisors LLC lifted its position in Southern by 93.6% during the second quarter. Crewe Advisors LLC now owns 484 shares of the utilities provider’s stock worth $35,000 after buying an additional 234 shares in the last quarter. Finally, CNB Bank lifted its position in Southern by 186.2% during the second quarter. CNB Bank now owns 498 shares of the utilities provider’s stock worth $35,000 after buying an additional 324 shares in the last quarter. Hedge funds and other institutional investors own 62.20% of the company’s stock.

Insider Buying and Selling at Southern

In other Southern news, EVP Martin Bernard Davis sold 3,050 shares of the firm’s stock in a transaction that occurred on Friday, October 28th. The stock was sold at an average price of $65.80, for a total value of $200,690.00. Following the sale, the executive vice president now directly owns 39,916 shares of the company’s stock, valued at $2,626,472.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Stephen E. Kuczynski sold 14,500 shares of the firm’s stock in a transaction that occurred on Monday, October 10th. The stock was sold at an average price of $64.52, for a total value of $935,540.00. Following the transaction, the chief executive officer now owns 115,284 shares in the company, valued at $7,438,123.68. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Martin Bernard Davis sold 3,050 shares of the firm’s stock in a transaction that occurred on Friday, October 28th. The shares were sold at an average price of $65.80, for a total value of $200,690.00. Following the completion of the transaction, the executive vice president now owns 39,916 shares in the company, valued at approximately $2,626,472.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,050 shares of company stock valued at $2,288,545. Company insiders own 0.37% of the company’s stock.

Southern Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 6th. Shareholders of record on Monday, November 21st will be issued a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 4.10%. The ex-dividend date is Friday, November 18th. Southern’s payout ratio is currently 86.08%.

About Southern

(Get Rating)

The Southern Company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity. It operates through Gas Distribution Operations, Gas Pipeline Investments, Wholesale Gas Services, and Gas Marketing Services segments. The company also develops, constructs, acquires, owns, and manages power generation assets, including renewable energy projects and sells electricity in the wholesale market; and distributes natural gas in Illinois, Georgia, Virginia, and Tennessee, as well as provides gas marketing services, wholesale gas services, and gas pipeline investments operations.

Featured Articles

Earnings History and Estimates for Southern (NYSE:SO)

Receive News & Ratings for Southern Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southern and related companies with MarketBeat.com's FREE daily email newsletter.