Southern Company (SO) stock is currently trading at $53.2, close to its all-time high. It’s almost 4% and 13% above its 50-day and 200-day simple moving average levels, respectively. The fair premium to both these support levels suggests strength in the stock. Its 50-day level at $51.3 might act as a support for the stock in the short term. SO is trading in the overbought zone with its relative strength index at 72, implying an impending reversal in the stock.
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Analyst price targets
Southern Company stock has a downside potential of 4% from its current market price of $53.2. Consensus estimates have given it a target price of $51.1. Credit Suisse raised SO’s target from $48.0 to $51.0 last week.
Wall Street analysts mostly look cautious on Southern Company stock. Among the 19 analysts that track SO, two recommended a “buy,” 12 recommended a “hold,” one analyst recommended a “strong sell,” and four recommended a “sell” as of May 1.
What differentiates Southern Company from its peers is its sturdy dividend profile. It offers a yield of 4.8% against utilities’ (XLU) average of 3.1%. It has increased dividends for the last 18 years. You can compare top utilities’ dividend profiles in Analyzing the Dividend Profiles of the Four Biggest Utilities.