The Southern Company Given Neutral Rating at SunTrust (SO)
The Southern Company (NYSE:SO)‘s stock had its “neutral” rating restated by investment analysts at SunTrust in a note issued to investors on Monday. They currently have a $43.00 price target on the stock, down from their previous price target of $44.00. SunTrust’s price target suggests a potential downside of 0.74% from the company’s current price.
The Southern Company (NYSE:SO) traded down 1.87% on Monday, hitting $42.51. The stock had a trading volume of 3,448,932 shares. The Southern Company has a 52 week low of $40.03 and a 52 week high of $46.81. The stock has a 50-day moving average of $44.46 and a 200-day moving average of $43.45. The company has a market cap of $38.089 billion and a P/E ratio of 17.30.
The Southern Company (NYSE:SO) last announced its earnings results on Wednesday, July 30th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.02. The company had revenue of $4.47 billion for the quarter, compared to the consensus estimate of $4.32 billion. During the same quarter in the previous year, the company posted $0.66 earnings per share. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, analysts predict that The Southern Company will post $2.79 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Saturday, September 6th. Stockholders of record on Monday, August 4th will be paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 4.85%. The ex-dividend date is Thursday, July 31st.
Several other analysts have also recently commented on the stock. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of The Southern Company in a research note on Wednesday, July 23rd. They now have a $47.00 price target on the stock, up previously from $43.00. Separately, analysts at Jefferies Group reiterated a “hold” rating on shares of The Southern Company in a research note on Tuesday, July 15th. They now have a $46.00 price target on the stock, down previously from $47.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of The Southern Company in a research note on Thursday, June 26th. They now have a $47.00 price target on the stock. Thirteen equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The Southern Company presently has a consensus rating of “Hold” and an average target price of $44.77.
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).
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