The Southern Company (SO) is making noticeable movements in the market. There is investment activity from Trust Co. of Virginia VA, S.E.E.D. Planning Group LLC, Charles Schwab Trust Co, St. Johns Investment Management Company LLC, AdvisorNet Financial Inc and several other companies, signaling trust in SO's stability. The company has increased its dividend for the 23rd year consecutively, boosting shareholder value. Despite moderate growth projections, analysts on average recommend a
Moderate Buy for the stock, affirming belief in its potential for growth. Using intrinsic value estimation, the shares could be 31% higher than they currently are, indicating undervalue. Importantly, SO has reported its first-quarter 2024 earnings and exceeds expectations. Also, the company has a high institutional ownership of 65%. SO's stock performance has outpaced the utilities sector, but it's also seen drops contrary to market gains. Also, SO has given a hint about the future growth of its dividend, which holds promise for investors. There are some misses in revenue estimates and price volatility, but the company is set to leverage rate cuts and announces new projects. Finally, Fortune Magazine rates it
First Among Utilities in the World's Most Admired Companies for 2024, adding credibility.
The Southern Company SO News Analytics from Sun, 08 Oct 2023 07:00:00 GMT to Sun, 30 Jun 2024 16:36:19 GMT -
Rating 5
- Innovation 2
- Information 9
- Rumor 6
