This evening we watched Southern Company drop -3.3% to a price of $68.62 per share. The large-cap Utilities—Independent Power Producers company is now trading -6.73% below its average target price of $73.57. Analysts have set target prices ranging from $60.0 to $80.0 per share for Southern Company, and have given the stock an average rating of hold.
The stock has a very low short interest at 1.1%, and a short ratio of 2.9. The company's insiders own 0.16% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that an average number of institutional investors are invested in the stock, with 65.7% of Southern Company's shares being owned by this investor type.
Institutions Invested in Southern Company
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-03-31 | Vanguard Group Inc | 9% | 98,973,933 | $6,791,591,554 |
| 2023-03-31 | Blackrock Inc. | 7% | 78,993,895 | $5,420,561,291 |
| 2023-03-31 | State Street Corporation | 6% | 63,329,188 | $4,345,649,054 |
| 2023-03-31 | Price (T.Rowe) Associates Inc | 6% | 61,472,651 | $4,218,253,480 |
| 2023-03-31 | FMR, LLC | 3% | 34,719,486 | $2,382,451,224 |
| 2023-03-31 | Massachusetts Financial Services Co. | 3% | 27,376,517 | $1,878,576,671 |
| 2023-03-31 | Geode Capital Management, LLC | 2% | 19,363,593 | $1,328,729,804 |
| 2023-03-31 | Franklin Resources, Inc. | 1% | 15,428,181 | $1,058,681,822 |
| 2023-03-31 | Northern Trust Corporation | 1% | 11,266,703 | $773,121,190 |
| 2023-03-31 | Capital Research Global Investors | 1% | 11,026,622 | $756,646,831 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Southern Company.
