Stocks That Fell to 3-Year Lows in the Week of May 18

AT&T Inc., Southern Co., AvalonBay Communities Inc. and PPL Corp have declined to their respective three-year lows

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May 19, 2018
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AT&T Inc. (T, Financial), Southern Co. (SO, Financial), AvalonBay Communities Inc. (AVB, Financial), and PPL Corp. (PPL, Financial) have declined to their three-year lows.

AT&T Inc. (T, Financial) declined to $32.05

The prices of AT&T Inc. (T, Financial) shares have declined to $32.05, which is only 3.4% above the 3-year low of $30.97.

AT&T Inc. an American multinational telecommunications conglomerate that is the second largest provider of mobile telephone services and the largest provider of fixed telephone services in the United States. It also provides broadband subscription television services through DirecTV. The company is headquartered at Whitacre Tower in downtown Dallas, Texas.

AT&T Inc. has a market cap of $196.82 billion; its shares were traded around $32.05 with a P/E ratio of 6.48 and P/S ratio of 1.24. The trailing 12-month dividend yield of AT&T Inc. stocks is 6.18%. The forward dividend yield of AT&T Inc. stocks is 6.26%. AT&T Inc. had an annual average earnings growth of 1.60% over the past 10 years.

On April 26 AT&T Inc. reported first quarter 2018 results. Reported diluted earnings per share were $0.75, compared to $0.56 during the same quarter last year. Consolidated revenues for the quarter were $38.0 billion, while free cash flow was $2.8 billion. Cash from operations was $8.9 billion.

Southern Co. (SO, Financial) declined to $42.73

The prices of Southern Co. (SO, Financial) shares have declined to $42.73, which is only 3.1% above the 3-year low of $41.40.

Southern Co. is an American gas and electric utility holding company chiefly operating in the southern United States. The company is currently the second largest utility company in the U.S. in terms of customer base; through its subsidiaries it serves 9 million customers in nine states. The company’s regulated regional electric utilities serve a 120,000-square-mile territory.

Southern Co. has a market cap of $43.23 billion; its shares were traded around $42.73 with a P/E ratio of 39.20 and P/S ratio of 1.83. The trailing 12-month dividend yield of Southern Co. stocks is 5.43%. The forward dividend yield of Southern Co. stocks is 5.50%. Southern Co. had an annual average earnings growth of 0.60% over the past 10 years.

On May 2 Southern Co. reported first quarter 2018 results. Earnings for the quarter were $938 million, or $0.93 per share, compared to earnings of $658 million, or $0.66 per share, during the first quarter of 2017. Net income for the quarter was $893 million, or $0.88 per share, compared to $652 million, or $0.66 per share, during the first quarter of 2017.

AvalonBay Communities Inc. (AVB, Financial) declined to $157.76

The prices of AvalonBay Communities Inc. (AVB, Financial) shares have declined to $157.76, which is only 3.2% above the 3-year low of $152.65.

AvalonBay Communities Inc. is an American real estate investment trust that primarily invests in apartments. The company owns more than 75,000 apartment units located in New England, New York City, Washington D.C., and Seattle. In September of 2017 the company acquired a 252-unit apartment community in Denver, Colorado, for $76.8 million.

AvalonBay Communities Inc. has a market cap of $21.8 billion; its shares were traded around $157.76 with a P/E ratio of 27.84 and P/S ratio of 9.92. The trailing 12-month dividend yield of AvalonBay Communities Inc. stocks is 3.61%. The forward dividend yield of AvalonBay Communities Inc. stocks is 3.71%. AvalonBay Communities Inc. had an annual average earnings growth of 6.20% over the past 10 years.

On April 25 AvalonBay Communities Inc. reported first quarter 2018 financial results. Net income for the quarter ended March 31 was $141.643 million. Diluted earnings per share decreased 40.1% to $1.03 for the quarter from $1.72 during the same quarter prior year.

PPL Corp. (PPL, Financial) declined to $26.72

The prices of PPL Corp. (PPL, Financial) shares have declined to $26.72, which is only 0.4% above the 3-year low of $26.62.

PPL Corp. is an American international electric utilities and energy company that controls around 8,000 megawatts of regulated electric generating capacity in the U.S. The company delivers electricity to 10.5 million customers in Pennsylvania, Kentucky, and Great Britain, providing natural gas delivery to 321,000 customers in Kentucky.

PPL Corp. has a market cap of $20.37 billion; its shares were traded around $26.72 with a P/E ratio of 15.71 and P/S ratio of 2.42. The trailing 12-month dividend yield of PPL Corp. stocks is 5.95%. The forward dividend yield of PPL Corp. stocks is 6.13%.

On May 16 PPL Corp. declared a quarterly common stock dividend of $0.41 per share payable on July 2 to shareowners of record at the close of business on June 8.

Disclosure: I do not own stock in any of the companies mentioned in the article.