Southern (SO) Lowered to Hold at ValuEngine

Southern (NYSE:SO) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Friday.

Several other research analysts also recently commented on SO. SunTrust Banks set a $46.00 price target on Southern and gave the stock a “hold” rating in a research report on Tuesday, January 23rd. Royal Bank of Canada reaffirmed a “buy” rating on shares of Southern in a research report on Friday, December 22nd. Mizuho downgraded Southern from a “buy” rating to a “neutral” rating and set a $44.50 price target on the stock. in a research report on Tuesday, January 23rd. JPMorgan Chase & Co. assumed coverage on Southern in a research report on Friday, January 12th. They issued an “underweight” rating and a $46.00 price target on the stock. Finally, Guggenheim reaffirmed a “buy” rating and issued a $52.00 price target on shares of Southern in a research report on Wednesday, January 3rd. Six analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. Southern presently has a consensus rating of “Hold” and an average price target of $50.43.

Shares of Southern (NYSE:SO) traded down $0.21 during midday trading on Friday, reaching $44.17. The company’s stock had a trading volume of 7,092,700 shares, compared to its average volume of 7,888,938. The company has a current ratio of 0.73, a quick ratio of 0.57 and a debt-to-equity ratio of 1.73. The company has a market cap of $44,330.25, a P/E ratio of 78.88, a P/E/G ratio of 3.28 and a beta of 0.03. Southern has a 52 week low of $43.16 and a 52 week high of $53.51.

Large investors have recently made changes to their positions in the company. Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in Southern in the 3rd quarter valued at $105,000. Monroe Bank & Trust MI boosted its stake in Southern by 17.9% in the 2nd quarter. Monroe Bank & Trust MI now owns 2,300 shares of the utilities provider’s stock valued at $110,000 after buying an additional 350 shares in the last quarter. AlphaMark Advisors LLC boosted its stake in Southern by 0.6% in the 2nd quarter. AlphaMark Advisors LLC now owns 2,363 shares of the utilities provider’s stock valued at $113,000 after buying an additional 14 shares in the last quarter. Fieldpoint Private Securities LLC acquired a new stake in Southern in the 3rd quarter valued at $118,000. Finally, Acropolis Investment Management LLC acquired a new stake in Southern in the 4th quarter valued at $134,000. 53.67% of the stock is currently owned by institutional investors.

COPYRIGHT VIOLATION NOTICE: This story was first published by American Banking News and is owned by of American Banking News. If you are accessing this story on another site, it was copied illegally and reposted in violation of U.S. and international copyright & trademark law. The original version of this story can be viewed at https://www.americanbankingnews.com/2018/02/04/southern-so-lowered-to-hold-at-valuengine.html.

Southern 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Southern (NYSE:SO)

Receive News & Ratings for Southern Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southern and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply