The Southern Company Receives Average Rating of “Hold” from Analysts (NYSE:SO)
The Southern Company (NYSE:SO) has been given an average recommendation of “Hold” by the sixteen analysts that are presently covering the company, Analyst Ratings.Net reports. Twelve analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $44.55.
Several analysts have recently commented on the stock. Analysts at SunTrust reiterated a “neutral” rating on shares of The Southern Company in a research note on Monday, August 4th. They now have a $43.00 price target on the stock, down previously from $44.00. Separately, 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. Finally, 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.
The Southern Company (NYSE:SO) opened at 43.53 on Tuesday. The Southern Company has a 52 week low of $40.03 and a 52 week high of $46.81. The stock’s 50-day moving average is $44.31 and its 200-day moving average is $43.49. The company has a market cap of $39.003 billion and a price-to-earnings ratio of 17.02.
The Southern Company (NYSE:SO) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.68 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.66 earnings per share. The company’s quarterly revenue was up 5.2% on a year-over-year basis. Analysts expect that The Southern Company will post $2.79 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Saturday, September 6th. Shareholders of record on Monday, August 4th will be given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 4.82%. The ex-dividend date of this dividend is Thursday, July 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).
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