It may surprise you: The Southern Company (NYSE: SO)


On 12 Nov 2019, The Southern Company (NYSE: SO) changed 0.36% to recent value of $60.69. The stock transacted 3333714 shares during most recent day however it has an average volume of 4604.73K shares. It spotted trading -3.80% off 52-week high price. On the other end, the stock has been noted 42.80% away from the low price over the last 52-weeks.

Southern Company recently stated third-quarter 2019 earnings of $1.32B, or $1.26 per share, contrast with $1.16B, or $1.14 per share, in the third quarter of 2018.  For the nine months ended September 30, 2019, Southern Company stated earnings of $4.30B, or $4.12 per share, contrast with earnings of $1.95B, or $1.92 per share, for the same period in 2018.

Earnings drivers year-over-year for the third quarter 2019 were positively influenced by higher revenues associated with changes in rates and pricing, net of usage changes, as well as warmer than normal weather at Southern Company’s regulated utilities. These impacts were partially offset by the impact of divested entities on earnings.

“We continue to be happy with our operational performance through the first three quarters of 2019, as our premier, state-regulated electric and gas franchises provided reliable energy to consumers despite the challenge of record-breaking temperatures in our service footprint” stated Chairman, President and CEO Thomas A. Fanning. “Our electrical system demonstrated great resilience during these conditions with strong generation availability and record year-to-date transmission performance, resulting in exceptional reliability for consumers. Even amid these peak loads, a diverse fuel mix enabled the Southern Company system to reduce carbon emissions by 35% contrast to the strongest demand of 2007 – our benchmark year for carbon emissions.”

Third quarter 2019 operating revenues were $6.0B, contrast with $6.2B for the third quarter of 2018, a decrease of 2.7 percent. For the nine months ended September 30, 2019, operating revenues were $16.5B, contrast with $18.2B for the corresponding period in 2018, a decrease of 9.1 percent. These decreases reflect the sales of Gulf Power and other assets that are no longer associated with Southern Company.

SO has a gross margin of 87.60% and an operating margin of 34.90% while its profit margin remained 21.00% for the last 12 months. Its earnings per share (EPS) expected to touch remained 273.60% for this year while earning per share for the next 5-years is expected to reach at 1.56%.  The company has 1048M of outstanding shares and 1047.81M shares were floated in the market. According to the most recent quarter its current ratio was 0.9 that represents company’s ability to meet its current financial obligations. The price moved ahead of -1.25% from the mean of 20 days, -0.70% from mean of 50 days SMA and performed 9.51% from mean of 200 days price. Company’s performance for the week was -1.09%, -0.38% for month and YTD performance remained 38.18%.