Understanding Why Southern Company Stock Is Sliding Today.

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.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.