SO Stock Summary and Trading Ideas (Southern Company | NYSE:SO)

Southern is one of the largest utilities in the U.S. The company serves 9 million customers with vertically integrated electric utilities in three states and natural gas distribution utilities in four states. It owns 50 gigawatts of rate-regulated generating capacity, primarily for serving customers in Georgia, Alabama, and Mississippi. Subsidiary Southern Power owns 13 gigawatts of natural gas generation and renewable energy across the U.S. and sells the electricity primarily under long-term contracts.

Southern Company trades on the NYSE stock market under the symbol SO.

As of April 26, 2024, SO stock price declined to $73.64 with 2,293,221 million shares trading.

SO has a beta of 0.27, meaning it tends to be less sensitive to market movements. SO has a correlation of 0.03 to the broad based SPY ETF.

SO has a market cap of $80.30 billion. This is considered a Large Cap stock.

Last quarter Southern Company reported $6 billion in Revenue and $.64 earnings per share. This fell short of revenue expectation by $-2 billion and exceeded earnings estimates by $.04.

In the last 3 years, SO stock traded as high as $80.57 and as low as $58.85.

The top ETF exchange traded funds that SO belongs to (by Net Assets): VTI, VOO, XLU, SPY, IVV.

SO stock has underperformed the market in the last year with a return of +3.3%, while SPY returned +27.1%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in SO shares. However, SO has outperformed the market in the last 3 month and 2 week periods, returning +7.4% and +5.8%, while SPY returned +4.7% and -1.7%, respectively. This indicates SO has been having a stronger performance recently.

SO support price is $73.40 and resistance is $75.34 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SO stock will trade within this expected range on the day.