Southern Given Average Recommendation of “Hold” by Analysts (NYSE:SO)
Shares of Southern (NYSE:SO) have received an average rating of “Hold” from the nineteen ratings firms that are covering the stock, AnalystRatings.NET reports. Two research analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $44.65.
Shares of Southern (NYSE:SO) opened at 40.91 on Friday. Southern has a 1-year low of $40.03 and a 1-year high of $48.74. The stock has a 50-day moving average of $41.01 and a 200-day moving average of $41.72. The company has a market cap of $36.328 billion and a price-to-earnings ratio of 21.82.
Southern (NYSE:SO) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $0.48 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.46 by $0.02. The company had revenue of $3.93 billion for the quarter, compared to the consensus estimate of $3.87 billion. During the same quarter in the prior year, the company posted $0.44 earnings per share. The company’s quarterly revenue was up 6.0% on a year-over-year basis. Analysts expect that Southern will post $2.76 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, March 6th. Investors of record on Monday, February 3rd will be paid a dividend of 0.5075 per share. This represents a $2.03 annualized dividend and a dividend yield of 4.96%. The ex-dividend date is Thursday, January 30th.
Several analysts have recently commented on the stock. Analysts at Hilliard Lyons upgraded shares of Southern from a “neutral” rating to a “buy” rating in a research note to investors on Friday, January 31st. Separately, analysts at Citigroup Inc. downgraded shares of Southern from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, January 30th. Finally, analysts at Jefferies Group cut their price target on shares of Southern from $45.00 to $43.00 in a research note to investors on Thursday, January 30th. They now have a “hold” rating on the stock.
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.