Still Not Convinced about The Southern Company (SO), Energy Transfer LP (ET)? Read This

WOMACK CHRISTOPHER C, EVP & Pres. External Affairs, sold 18,922 shares of the The Southern Company (NYSE:SO) in an exchange that happened on March 7th. The stock was sold at an average price of $50.36 per share, amounting to a transaction worth $952,912. The purchase was made public in a document filed with the SEC. Additionally, Director Clark Henry A III bought 2,000 shares of this stock in a transaction that took place on March 5th. The stock was bought at an average price of $50.19 per share, for a total exchange amounting to $100,380. After the transaction, the Director Clark Henry A III currently holds 2,000 shares of the company’s stock, which is worth approximately $103060.

With this stock price’s latest movement, it is now -0.65% away from its 1-year high and 21.48% higher than its 1-year low price. In the past seven days, the stock price volatility for The Southern Company was 0.98%, whereas its volatility in the past 30 days has been 1.27%. This public company’s stock also has a beta score of 0.18. When the beta value is less/more than 1, it can imply that the stock is less/more volatile than the wider stock market – a metric that traders will surely be keeping tabs on.

The Southern Company (NYSE:SO) most recently published its quarterly earnings results. The firm posted $0.25 earnings per share (EPS) for the three-month period, surpassing analysts’ consensus estimate of $0.23 by $0.02. The publicly-traded organization reported revenue of $5,337.00 million for the quarter, compared to the average analyst forecast calling for $4,663.78 million, which was surpassing the analyst consensus estimate.

Shares of The Southern Company (SO) plunged -0.39%, amounting to a loss of -$0.2 per share, to finish the regular trading session at $51.53 on Thursday 03/14/2019. After beginning the session at $51.75, shares of The Southern Company reached as high as $51.95 during the day, while hitting a 1-day low of $51.45. Trade volume reached 4,696,030 shares against this stock’s average daily volume of 5.48M shares, with a total float of 1.03B. As a consequence of the price decrease, The Southern Company now has a current market value of 52.88B.

Energy Transfer LP (NYSE:ET) subtracted -0.53% to its trading price by the close of the most recent session, dropping from its previous closing price of $15.16 to $15.08. This stock increased in value by 0.40% during the last 7-day period, and experienced a gain of 3.71% over the past 30-day period. In the past three months, this stock’s price grew by 7.10% , and subtracted -14.46% to its price during the last six months of trading. ET demonstrated a yearly price loss of -1.69% , while its year-to-date (YTD) price performance has been up 14.16% . This stock’s price changed by +29.11% compared to its 90-day low, and moved down -5.63% comparing to its 90-day high price.

Have a quick look on short, medium and long-term indicators. According to the Composite Indicator, Trendspotter rated the ET stock as “Buy”. In the short-term, Energy Transfer LP (ET) has a 20-day average volume of 11,102,815 shares and short-term indicators sets the ET stock as “ 20% Buy ” on average basis. In the medium-term, ET stock has a 50-Day average volume of 12,413,937 shares and medium-term indicators gave the average rating of “ 25% Buy ”, while in the long-term period the FB stock has a 100-Day average volume of 13,003,186 shares. On average, long-term indicators rated the stock as “67% Buy ”. The overall picture from all short, medium and long-term indicators sets the ET stock as “40% Buy ” on average basis.

Recently, multiple brokerages have sent out reports on ET. Citigroup, for example, Initiated its rating on shares of Energy Transfer LP to a “Buy”according to a research note from Thursday November 29th, 2018.

In other news related to Energy Transfer LP stock, 56.76% shares of ET held by institutions. The total number of institutions who held the ET shares was 801, according to most recent SEC filling. During the past quarter, total 1,486,853,752 shares held by institutions with the net change of 924,898,470 shares. In the meantime, 374 new institutions bought the shares of Energy Transfer LP for the first time and 40 institutions sold all their holdings in the company’s common stock. 692 institutions increased their investment in the ET stock and 88 institutions decreased their investment in the Energy Transfer LP (ET)’s stock during the last quarter.