这家南方公司预计将公布 FY2024 每股收益 4.03 美元(纽约证券交易所代码:SO)

这家南方公司预计将公布 FY2024 每股收益 4.03 美元(纽约证券交易所代码:SO)
2023年03月20日 14:33 富途牛牛综合

The Southern Company (NYSE:SO – Get Rating) – Equities researchers at Seaport Res Ptn decreased their FY2024 EPS estimates for Southern in a research report issued to clients and investors on Friday, March 17th. Seaport Res Ptn analyst A. Storozynski now anticipates that the utilities provider will post earnings per share of $4.03 for the year, down from their prior estimate of $4.05. The consensus estimate for Southern's current full-year earnings is $3.62 per share. Seaport Res Ptn also issued estimates for Southern's FY2025 earnings at $4.30 EPS and FY2026 earnings at $4.54 EPS.

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Southern (NYSE:SO – Get Rating) last posted its quarterly earnings data on Thursday, February 16th. The utilities provider reported $0.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.02. Southern had a return on equity of 11.73% and a net margin of 12.40%. The firm had revenue of $7.05 billion during the quarter, compared to analysts' expectations of $4.83 billion. During the same period in the prior year, the business earned $0.36 EPS. The company's revenue for the quarter was up 22.2% compared to the same quarter last year.

SO has been the subject of a number of other research reports. BMO Capital Markets upped their target price on Southern from $68.00 to $74.00 and gave the company a "market perform" rating in a report on Friday, December 16th. Credit Suisse Group boosted their price target on Southern from $60.00 to $70.00 and gave the stock an "underperform" rating in a research report on Wednesday, January 18th. UBS Group reduced their target price on Southern to $80.00 in a report on Monday, November 21st. Mizuho lowered their target price on Southern from $73.00 to $72.00 and set a "neutral" rating on the stock in a report on Thursday, January 12th. Finally, StockNews.com assumed coverage on shares of Southern in a research note on Thursday. They set a "sell" rating on the stock. Six research analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $71.93.

Southern Stock Down 0.3 %

Shares of Southern stock opened at $67.90 on Monday. The company's 50 day moving average price is $66.86 and its 200-day moving average price is $68.54. Southern has a 52-week low of $58.85 and a 52-week high of $80.57. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.52 and a current ratio of 0.66. The stock has a market capitalization of $73.94 billion, a price-to-earnings ratio of 20.70, a P/E/G ratio of 4.71 and a beta of 0.49.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SO. B. Riley Wealth Advisors Inc. raised its stake in shares of Southern by 3.6% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 54,456 shares of the utilities provider's stock worth $3,889,000 after buying an additional 1,870 shares in the last quarter. Claro Advisors LLC increased its holdings in shares of Southern by 75.0% in the 4th quarter. Claro Advisors LLC now owns 20,574 shares of the utilities provider's stock valued at $1,469,000 after purchasing an additional 8,819 shares in the last quarter. Mather Group LLC. boosted its holdings in Southern by 1.5% during the fourth quarter. Mather Group LLC. now owns 15,203 shares of the utilities provider's stock worth $1,086,000 after buying an additional 218 shares in the last quarter. Sheets Smith Wealth Management grew its position in Southern by 3.5% during the fourth quarter. Sheets Smith Wealth Management now owns 15,565 shares of the utilities provider's stock worth $1,112,000 after buying an additional 532 shares during the period. Finally, Rockefeller Capital Management L.P. increased its holdings in Southern by 31.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 101,255 shares of the utilities provider's stock valued at $7,229,000 after buying an additional 24,386 shares in the last quarter. Hedge funds and other institutional investors own 61.78% of the company's stock.

Insiders Place Their Bets

In other news, EVP Christopher Cummiskey sold 1,282 shares of the company's stock in a transaction on Thursday, February 16th. The stock was sold at an average price of $66.60, for a total value of $85,381.20. Following the transaction, the executive vice president now owns 27,512 shares of the company's stock, valued at approximately $1,832,299.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO Stephen E. Kuczynski sold 14,546 shares of Southern stock in a transaction that occurred on Tuesday, January 10th. The shares were sold at an average price of $70.95, for a total value of $1,032,038.70. Following the completion of the sale, the chief executive officer now owns 120,786 shares in the company, valued at approximately $8,569,766.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Christopher Cummiskey sold 1,282 shares of the stock in a transaction dated Thursday, February 16th. The stock was sold at an average price of $66.60, for a total value of $85,381.20. Following the transaction, the executive vice president now directly owns 27,512 shares in the company, valued at approximately $1,832,299.20. The disclosure for this sale can be found here. Insiders sold a total of 16,680 shares of company stock valued at $1,174,768 over the last quarter. 0.37% of the stock is owned by insiders.

Southern Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 6th. Investors of record on Tuesday, February 21st were given a $0.68 dividend. The ex-dividend date of this dividend was Friday, February 17th. This represents a $2.72 annualized dividend and a yield of 4.01%. Southern's payout ratio is 82.93%.

About Southern

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The Southern Co is a holding company, which engages in the generation and sale of electricity. It operates through the following segments: Traditional Electric Operating Companies, Southern Power and Southern Company Gas. The Traditional Electric Operating Companies segment refers to vertically integrated utilities that own generation, transmission and distribution facilities, and supplies electric services in the states of Alabama, Georgia, Florida, and Mississippi.

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