Southern Company is an electric power distribution company established in 1945. It is the second largest utility company in America and has gained its popularity by producing clean, safe, affordable, and reliable energy to build a safer tomorrow.
What is Southern Company’s Stock Split History?
Southern Company has had two stock splits in its history since being established. Their first stock split took place on March 1st, 1994. The stock was split in the ratio of 2:1 which means that for every share owned, Southern Company shareholders would own two shares after the split. The second stock split took place on April 3rd, 2001 in the ratio of 10,000:6,109. Below is a Southern Company Split History Table.
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What will be the effect of a stock split on Southern Company?
Keeping in mind the ratios on which the Southern Company stock was split, it is safe to assume that the prices of shares would have reduced while market capitalization would have remained the same. But in terms of the value of stock after the split, the price per share before and after the split can give a good idea. 7 days and 1 day before the split, stock prices were 32 and 35.29 respectively. However, after the split the prices 7 days and 1 day after were 22.6 and 21.9 respectively. Thus the fall in price was achieved.
Did the volume of trade increase after Southern Company’s stock split?
The volume of trade is often quantified through volume metrics instead of through the share price. In respect to that, the volume of trade 7 days before the split was 4160686 while 7 days after the split, the volume was 2886057. This means that the volume of trade decreased by 30.64%
FAQs
What is Southern Company’s revenue?
In 2022, Southern Company generated a revenue of $29.279B. This is 26.68% more than their revenue in 2021.
Who owns the majority of Southern Company stocks?
According to data compiled in 2023, The Vanguard Group, Inc owns the most outstanding shares in Southern Company with 9.0% share.
Is Southern Company a good stock to invest in?
Southern Company is a very strong investment contender because of good long-term growth prospects, strong return on investment, and chances of an increase in shareholder value.
What is the future of Southern Company stock?
Recent forecasts show that the median target for Southern Company stock is 75.50 with a low estimate of 61.00 and a high estimate of 80.00.
What is the net worth of the Southern Company?
In May of 2023, Southern Company had a net value of almost $75.75 billion.
Conclusion
Looking at the overall financial history of Southern Company and its stock splits, it is safe to assume that the company has good prospects and is a good option if one is looking for investments.
