Southern Company (The) (SO) : Traders are bullish on Southern Company (The) (SO) as it has outperformed the S&P 500 by a wide margin of 2.09% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.62%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.16% in the last 1 week, and is up 0.02% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 0.62% and the 50-Day Moving Average is 0.62%.The 200 Day SMA reached 5.92% Southern Company is up 2.69% in the last 3-month period. Year-to-Date the stock performance stands at 14.79%.
Southern Company (The) (SO) : The consensus price target for Southern Company (The) (SO) is $52.5 for the short term with a standard deviation of $4.84. The most optimist securities analyst among the 8 who monitor the stock believes that the stock can reach $62, however, the pessimist price target for the company is $46.
Company shares have received an average consensus rating of Hold for the current week Southern Company (The) (NYSE:SO): The stock opened at $51.62 and touched an intraday high of $52.14 on Friday. During the day, the stock corrected to an intraday low of $51.28, however, the bulls stepped in and pushed the price higher to close in the green at $51.97 with a gain of 0.99% for the day. The total traded volume for the day was 16,959,347. The stock had closed at $51.46 in the previous trading session.
Southern Company is an operating public utility company. The primary business of the Southern Company is electricity sales by the traditional operating companies and Southern Power. Southern Companys business segments are the sale of electricity by the four traditional operating companies and Southern Power. The four traditional operating companies, including Alabama Power, Georgia Power, Gulf Power and Mississippi Power, are vertically integrated utilities providing electric service in four Southeastern states. Southern Company owns all of the common stock of Southern Power Company, which is also an operating public utility company. Southern Power constructs, acquires, owns, and manages generation assets, including renewable energy projects, and sells electricity at market-based rates in the wholesale market. The Company also operates the All Other segment.