Shares of Southern Company (The) (NYSE:SO) have been given an average recommendation of “Hold” by the sixteen ratings firms that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $49.65.

Several analysts have commented on the stock. Royal Bank Of Canada reissued a “hold” rating and set a $53.00 price target on shares of Southern Company (The) in a research report on Monday, July 31st. J P Morgan Chase & Co assumed coverage on shares of Southern Company (The) in a research report on Tuesday, August 8th. They set an “overweight” rating and a $16.78 price target for the company. BidaskClub raised shares of Southern Company (The) from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Credit Suisse Group raised shares of Southern Company (The) from an “underperform” rating to a “neutral” rating in a research report on Thursday, August 3rd. Finally, Zacks Investment Research raised shares of Southern Company (The) from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a research report on Tuesday.

Shares of Southern Company (NYSE SO) traded up 0.703% on Thursday, reaching $50.835. 1,965,207 shares of the company were exchanged. The company’s 50-day moving average is $49.23 and its 200-day moving average is $49.34. The company has a market capitalization of $50.81 billion, a price-to-earnings ratio of 83.610 and a beta of 0.13. Southern Company has a 52 week low of $46.20 and a 52 week high of $52.23.

Southern Company (The) (NYSE:SO) last released its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.73 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.02. The business had revenue of $5.43 billion during the quarter, compared to analyst estimates of $5.23 billion. Southern Company (The) had a net margin of 2.93% and a return on equity of 11.30%. The company’s quarterly revenue was up 21.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.74 earnings per share. On average, equities analysts expect that Southern Company will post $2.95 EPS for the current fiscal year.

In other Southern Company (The) news, EVP Christopher C. Womack sold 75,144 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $49.29, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.00% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Southern Company (The) by 3.3% during the 2nd quarter. Vanguard Group Inc. now owns 71,053,604 shares of the utilities provider’s stock worth $3,402,047,000 after buying an additional 2,295,466 shares during the last quarter. BlackRock Inc. raised its position in Southern Company (The) by 2,961.9% during the 1st quarter. BlackRock Inc. now owns 62,067,822 shares of the utilities provider’s stock worth $3,089,736,000 after buying an additional 60,040,696 shares during the last quarter. State Street Corp raised its position in Southern Company (The) by 1.1% during the 1st quarter. State Street Corp now owns 48,900,251 shares of the utilities provider’s stock worth $2,434,244,000 after buying an additional 515,397 shares during the last quarter. Franklin Resources Inc. raised its position in Southern Company (The) by 3.6% during the 2nd quarter. Franklin Resources Inc. now owns 22,379,839 shares of the utilities provider’s stock worth $1,071,547,000 after buying an additional 770,413 shares during the last quarter. Finally, Capital Research Global Investors raised its position in Southern Company (The) by 25.3% during the 2nd quarter. Capital Research Global Investors now owns 14,940,226 shares of the utilities provider’s stock worth $715,338,000 after buying an additional 3,015,226 shares during the last quarter. 53.27% of the stock is owned by institutional investors.

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Southern Company (The) Company Profile

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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