For its second fiscal quarter (ending June 30), The Southern Co (NYSE: SO) has reported E.P.S. of $1.10 compared to $0.77 a year ago. For the latest four quarters through June 30, E.P.S. were $4.21 versus $2.84 for the same period a year ago.
Recent Price Action
The Southern Co (NYSE: SO) stock enjoyed a large increase of 4.8% on 8/1/24. The stock closed at $87.57. Moreover, this advance was accompanied by exceptionally high trading volume at 223% of normal. The stock has been strong relative to the market over the last nine months and has risen 5.9% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, SO is expected to continue to be a major Value Builder.
Southern has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Southern has a neutral Appreciation Score of 44 and a slightly positive Power Rating of 68, and the Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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