Southern Co. (SO) Given Average Recommendation of “Hold” by Analysts
Southern Co. (NYSE:SO) has received an average rating of “Hold” from the fourteen analysts that are currently covering the company. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $54.13.
A number of analysts recently commented on the stock. Mizuho restated a “hold” rating and set a $50.00 price target on shares of Southern in a research note on Monday, July 11th. Jefferies Group restated a “hold” rating on shares of Southern in a research note on Monday, July 11th. SunTrust Banks Inc. upped their price target on shares of Southern from $52.00 to $54.00 and gave the company a “neutral” rating in a research note on Monday, September 26th. Zacks Investment Research upgraded shares of Southern from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research note on Tuesday, September 27th. Finally, Goldman Sachs Group Inc. restated a “neutral” rating and set a $54.00 price target on shares of Southern in a research note on Thursday, July 14th.
In related news, CEO Mark A. Crosswhite sold 167,273 shares of the stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $53.30, for a total transaction of $8,915,650.90. Following the transaction, the chief executive officer now owns 171,983 shares of the company’s stock, valued at approximately $9,166,693.90. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Christopher C. Womack sold 46,008 shares of the stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $53.40, for a total transaction of $2,456,827.20. Following the transaction, the executive vice president now directly owns 56,149 shares in the company, valued at approximately $2,998,356.60. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.
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Several institutional investors have recently added to or reduced their stakes in SO. Willingdon Wealth Management raised its position in Southern by 85.3% in the first quarter. Willingdon Wealth Management now owns 66,977 shares of the company’s stock valued at $3,465,000 after buying an additional 30,825 shares in the last quarter. Dixon Hubard Feinour & Brown Inc. VA raised its position in Southern by 2.8% in the first quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 59,623 shares of the company’s stock valued at $2,987,000 after buying an additional 1,650 shares in the last quarter. Wrapmanager Inc. raised its position in Southern by 7.2% in the first quarter. Wrapmanager Inc. now owns 32,078 shares of the company’s stock valued at $1,659,000 after buying an additional 2,156 shares in the last quarter. Woodstock Corp raised its position in Southern by 2.0% in the first quarter. Woodstock Corp now owns 36,225 shares of the company’s stock valued at $1,874,000 after buying an additional 700 shares in the last quarter. Finally, BlackRock Group LTD raised its position in Southern by 5.7% in the first quarter. BlackRock Group LTD now owns 9,143,419 shares of the company’s stock valued at $472,989,000 after buying an additional 493,939 shares in the last quarter. 48.64% of the stock is currently owned by institutional investors.
Southern (NYSE:SO) traded down 0.1902% on Tuesday, reaching $49.6554. The company’s stock had a trading volume of 2,698,614 shares. Southern has a 12 month low of $43.38 and a 12 month high of $54.64. The firm has a market cap of $46.76 billion, a P/E ratio of 19.7123 and a beta of 0.08. The firm’s 50 day moving average is $51.60 and its 200-day moving average is $51.39.
Southern (NYSE:SO) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.04. The firm earned $4.45 billion during the quarter, compared to the consensus estimate of $4.54 billion. Southern had a net margin of 13.77% and a return on equity of 12.50%. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period last year, the business posted $0.71 earnings per share. On average, equities research analysts anticipate that Southern will post $2.86 EPS for the current year.
The Southern Company (Southern Company) is a holding company. The Company owns all of the stock of the traditional operating companies and Southern Power Company (Southern Power), and owns other direct and indirect subsidiaries. Southern Company’s segments include the sale of electricity by four traditional operating companies, Southern Power and All Other.
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