Southern Company (The) (NYSE:SO)‘s stock had its “sell” rating reiterated by equities researchers at Citigroup Inc. in a report released on Tuesday. They currently have a $44.00 price target on the utilities provider’s stock, up from their prior price target of $43.00. Citigroup Inc.’s target price indicates a potential downside of 9.82% from the stock’s previous close.

A number of other equities research analysts have also issued reports on SO. Zacks Investment Research cut Southern Company (The) from a “hold” rating to a “sell” rating in a report on Monday, September 11th. BidaskClub downgraded Southern Company (The) from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 24th. Macquarie raised Southern Company (The) from a “neutral” rating to an “outperform” rating and set a $52.00 price objective for the company in a research note on Monday, July 10th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $56.00 price objective (up previously from $55.00) on shares of Southern Company (The) in a research note on Tuesday, September 12th. Finally, Morgan Stanley cut their target price on Southern Company (The) from $53.00 to $51.00 and set an “underweight” rating for the company in a research report on Friday, June 23rd. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $49.37.

Southern Company (SO) traded down 0.71% during trading on Tuesday, reaching $48.79. The company had a trading volume of 3,546,036 shares. The firm’s 50-day moving average price is $49.00 and its 200 day moving average price is $49.37. Southern Company has a one year low of $46.20 and a one year high of $52.23. The firm has a market capitalization of $48.76 billion, a P/E ratio of 80.25 and a beta of 0.13.

Southern Company (The) (NYSE:SO) last released its earnings results on Wednesday, August 2nd. The utilities provider reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.02. The company had revenue of $5.43 billion for the quarter, compared to analysts’ expectations of $5.23 billion. Southern Company (The) had a net margin of 2.93% and a return on equity of 11.30%. Southern Company (The)’s revenue for the quarter was up 21.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.74 EPS. Equities analysts forecast that Southern Company will post $2.95 earnings per share for the current fiscal year.

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In other Southern Company (The) news, EVP Christopher C. Womack sold 75,144 shares of Southern Company (The) stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $49.29, for a total value of $3,703,847.76. Following the completion of the transaction, the executive vice president now directly owns 85,298 shares of the company’s stock, valued at approximately $4,204,338.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.74% of the stock is owned by company insiders.

Hedge funds have recently modified their holdings of the business. Chicago Partners Investment Group LLC purchased a new position in shares of Southern Company (The) in the 2nd quarter worth approximately $100,000. Symmetry Partners LLC bought a new position in shares of Southern Company (The) during the 1st quarter valued at approximately $103,000. Monroe Bank & Trust MI increased its position in shares of Southern Company (The) by 17.9% during the 2nd quarter. Monroe Bank & Trust MI now owns 2,300 shares of the utilities provider’s stock valued at $110,000 after purchasing an additional 350 shares during the last quarter. Stuart Chaussee & Associates Inc. increased its position in shares of Southern Company (The) by 358.8% during the 1st quarter. Stuart Chaussee & Associates Inc. now owns 2,225 shares of the utilities provider’s stock valued at $111,000 after purchasing an additional 1,740 shares during the last quarter. Finally, AlphaMark Advisors LLC increased its position in shares of Southern Company (The) by 0.6% during the 2nd quarter. AlphaMark Advisors LLC now owns 2,363 shares of the utilities provider’s stock valued at $113,000 after purchasing an additional 14 shares during the last quarter. Institutional investors and hedge funds own 53.28% of the company’s stock.

About Southern Company (The)

The Southern Company (Southern Company) is a holding company. The Company owns all of the stock of the traditional electric operating companies and the parent entities of Southern Power Company (Southern Power) and Southern Company Gas, and owns other direct and indirect subsidiaries. The Company’s segments include Gas distribution operations, Gas marketing services, Wholesale gas services, Gas midstream operations and All other.

Analyst Recommendations for Southern Company (The) (NYSE:SO)

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