Southern Price Target Increased to $46.00 by Analysts at Barclays (SO)
Analysts at Barclays hoisted their target price on shares of Southern (NYSE:SO) from $44.00 to $46.00 in a research report issued to clients and investors on Thursday, Stock Ratings Network.com reports. The firm currently has an “equal weight” rating on the stock. Barclays’ price target suggests a potential upside of 9.79% from the stock’s previous close.
A number of other analysts have also recently weighed in on SO. Analysts at BMO Capital Markets reiterated a “market perform” rating on shares of Southern in a research note to investors on Thursday. They now have a $43.00 price target on the stock, down previously from $45.00. Separately, analysts at Wells Fargo & Co. downgraded shares of Southern from an “outperform” rating to a “market perform” rating in a research note to investors on Thursday. They noted that the move was a valuation call. Finally, analysts at UBS AG reiterated a “hold” rating on shares of Southern in a research note to investors on Friday, October 4th. They now have a $46.00 price target on the stock. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $46.21.
Shares of Southern (NYSE:SO) traded down 0.71% during mid-day trading on Thursday, hitting $41.10. 3,235,535 shares of the company’s stock traded hands. Southern has a 1-year low of $40.63 and a 1-year high of $48.74. The stock has a 50-day moving average of $41.56 and a 200-day moving average of $43.87. The company has a market cap of $35.917 billion and a price-to-earnings ratio of 21.00.
Southern (NYSE:SO) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.11 by $0.03. The company had revenue of $5.02 billion for the quarter, compared to the consensus estimate of $5.37 billion. During the same quarter last year, the company posted $1.11 earnings per share. Southern’s revenue was down .6% compared to the same quarter last year. Analysts expect that Southern will post $2.73 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, December 6th. Investors of record on Monday, November 4th will be given a dividend of $0.51 per share. This represents a $2.03 dividend on an annualized basis and a yield of 4.84%. The ex-dividend date of this dividend is Thursday, October 31st.
The Southern Company (NYSE:SO)is a holding company, which owns all of the common stock of the traditional operating companies, including Alabama Power Company (Alabama Power), Georgia Power Company (Georgia Power), Gulf Power Company (Gulf Power), and Mississippi Power Company (Mississippi Power) ,and Southern Power Company (Southern Power), and other direct and indirect subsidiaries (together, the Southern Company system).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.