Southern (NYSE:SO) was downgraded by research analysts at Credit Suisse Group from a “neutral” rating to an “underperform” rating in a report released on Thursday.
Other equities analysts have also recently issued research reports about the stock. TheStreet raised shares of Southern from a “c” rating to a “b-” rating in a research note on Monday, June 4th. Deutsche Bank cut their price target on shares of Southern from $49.00 to $48.00 and set a “buy” rating for the company in a research note on Tuesday, May 22nd. Barclays cut shares of Southern from an “overweight” rating to an “equal weight” rating and set a $51.00 price target for the company. in a research note on Thursday. Zacks Investment Research raised shares of Southern from a “sell” rating to a “hold” rating in a research note on Tuesday, May 1st. Finally, ValuEngine raised shares of Southern from a “sell” rating to a “hold” rating in a research note on Monday, July 2nd. Seven research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the company’s stock. Southern has a consensus rating of “Hold” and a consensus target price of $48.28.
Southern traded down $0.48, reaching $46.40, during midday trading on Thursday, Marketbeat.com reports. The company had a trading volume of 176,018 shares, compared to its average volume of 4,469,011. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.70 and a quick ratio of 0.55. Southern has a 1 year low of $42.38 and a 1 year high of $53.51. The stock has a market cap of $49.56 billion, a PE ratio of 15.37, a P/E/G ratio of 3.74 and a beta of 0.04.
Southern (NYSE:SO) last released its quarterly earnings results on Wednesday, August 8th. The utilities provider reported $0.80 EPS for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.11. Southern had a net margin of 4.88% and a return on equity of 12.97%. The business had revenue of $5.63 billion during the quarter, compared to analysts’ expectations of $5.28 billion. During the same quarter in the previous year, the company earned $0.73 EPS. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. research analysts expect that Southern will post 2.91 EPS for the current fiscal year.
Several institutional investors have recently made changes to their positions in the company. Chicago Partners Investment Group LLC bought a new position in Southern in the 2nd quarter worth $100,000. Well Done LLC bought a new position in Southern in the 1st quarter worth $100,000. Acropolis Investment Management LLC bought a new position in Southern in the 3rd quarter worth $101,000. Orrstown Financial Services Inc. raised its holdings in Southern by 10.8% in the 1st quarter. Orrstown Financial Services Inc. now owns 2,050 shares of the utilities provider’s stock worth $102,000 after purchasing an additional 200 shares in the last quarter. Finally, Symmetry Partners LLC bought a new position in Southern in the 1st quarter worth $103,000. 57.00% of the stock is owned by institutional investors.
Southern Company Profile
The Southern Company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity. The company also constructs, acquires, owns, and manages power generation assets, including renewable energy facilities and sells electricity in the wholesale market; and distributes natural gas in Illinois, Georgia, Virginia, New Jersey, Florida, Tennessee, and Maryland, as well as provides gas marketing services, wholesale gas services, and gas midstream operations.
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