Southern Company shares rose 2.5% this afternoon to a price of $72.23. The stock is still trading within range of its average target price of $73.5, and over the last 52 weeks, it has recorded a -0.9% performance. Analysts have given the large-cap Utilities—Independent Power Producers stock target prices ranging from $64.0 to $82.0 dollars per share, with an average rating of buy.
The stock has a very low short interest at 1.1%, and a short ratio of 2.62. The company's insiders own 0.15% 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 65.3% of Southern Company's shares being owned by this investor type.
Institutions Invested in Southern Company
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-09-30 | Vanguard Group Inc | 9% | 99,572,665 | $7,192,631,517 |
| 2023-09-30 | Blackrock Inc. | 7% | 77,627,993 | $5,607,458,121 |
| 2023-09-30 | State Street Corporation | 6% | 62,802,445 | $4,536,534,652 |
| 2023-09-30 | FMR, LLC | 4% | 38,906,760 | $2,810,429,832 |
| 2023-09-30 | Price (T.Rowe) Associates Inc | 3% | 34,286,976 | $2,476,719,732 |
| 2023-09-30 | Massachusetts Financial Services Co. | 2% | 26,103,897 | $1,885,615,015 |
| 2023-09-30 | Geode Capital Management, LLC | 2% | 20,123,874 | $1,453,648,050 |
| 2023-09-30 | Franklin Resources, Inc. | 1% | 15,684,792 | $1,132,990,959 |
| 2023-09-30 | Northern Trust Corporation | 1% | 10,737,843 | $775,648,095 |
| 2023-09-30 | Capital International Investors | 1% | 10,736,318 | $775,537,937 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Southern Company.
