Southern (NYSE:SO) Given New $80.00 Price Target at UBS Group

Southern (NYSE:SOGet Rating) had its price objective trimmed by UBS Group to $80.00 in a research report report published on Monday, Stock Target Advisor reports.

SO has been the subject of a number of other research reports. Morgan Stanley boosted their price target on shares of Southern from $55.00 to $59.00 and gave the stock an underweight rating in a research note on Friday, November 11th. The Goldman Sachs Group boosted their price target on shares of Southern from $53.00 to $61.00 and gave the stock a sell rating in a research note on Monday, August 22nd. Wells Fargo & Company cut their price objective on shares of Southern from $72.00 to $70.00 and set an equal weight rating for the company in a research note on Wednesday, October 19th. Bank Of America (Bofa) cut shares of Southern to an underperform rating in a research note on Monday, October 24th. Finally, Guggenheim cut their price objective on shares of Southern from $80.00 to $69.00 in a research note on Monday, October 24th. Five equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of Hold and an average target price of $71.42.

Southern Stock Performance

Southern stock opened at $65.73 on Monday. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 1.42. Southern has a 1-year low of $60.71 and a 1-year high of $80.57. The firm has a market capitalization of $71.56 billion, a PE ratio of 20.80, a price-to-earnings-growth ratio of 4.55 and a beta of 0.51. The firm’s 50 day simple moving average is $67.89 and its 200 day simple moving average is $72.11.

Southern Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 6th. Shareholders of record on Monday, November 21st will be issued a $0.68 dividend. The ex-dividend date of this dividend is Friday, November 18th. This represents a $2.72 annualized dividend and a yield of 4.14%. Southern’s dividend payout ratio (DPR) is presently 86.08%.

Insiders Place Their Bets

In other Southern news, CEO Stephen E. Kuczynski sold 14,500 shares of the company’s stock in a transaction on Monday, October 10th. The shares were sold at an average price of $64.52, for a total value of $935,540.00. Following the completion of the transaction, the chief executive officer now directly owns 115,284 shares in the company, valued at approximately $7,438,123.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Martin Bernard Davis sold 3,050 shares of the stock in a transaction dated Friday, October 28th. The shares were sold at an average price of $65.80, for a total value of $200,690.00. Following the completion of the transaction, the executive vice president now directly owns 39,916 shares in the company, valued at approximately $2,626,472.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Stephen E. Kuczynski sold 14,500 shares of the stock in a transaction dated Monday, October 10th. The stock was sold at an average price of $64.52, for a total transaction of $935,540.00. Following the completion of the transaction, the chief executive officer now owns 115,284 shares of the company’s stock, valued at $7,438,123.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,050 shares of company stock worth $2,288,545. 0.37% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SO. Brown Advisory Inc. grew its position in Southern by 6.8% during the 2nd quarter. Brown Advisory Inc. now owns 29,925 shares of the utilities provider’s stock valued at $2,120,000 after purchasing an additional 1,915 shares during the last quarter. First Citizens Bank & Trust Co. grew its position in Southern by 23.2% during the 2nd quarter. First Citizens Bank & Trust Co. now owns 7,729 shares of the utilities provider’s stock valued at $551,000 after purchasing an additional 1,458 shares during the last quarter. Wetherby Asset Management Inc. grew its position in Southern by 4.0% during the 1st quarter. Wetherby Asset Management Inc. now owns 17,763 shares of the utilities provider’s stock valued at $1,288,000 after purchasing an additional 679 shares during the last quarter. Equitable Trust Co. boosted its holdings in shares of Southern by 31.0% during the 1st quarter. Equitable Trust Co. now owns 6,638 shares of the utilities provider’s stock valued at $482,000 after acquiring an additional 1,569 shares during the last quarter. Finally, Private Portfolio Partners LLC purchased a new stake in shares of Southern during the 1st quarter valued at about $248,000. 62.20% of the stock is currently owned by institutional investors.

Southern Company Profile

(Get Rating)

The Southern Company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity. It operates through Gas Distribution Operations, Gas Pipeline Investments, Wholesale Gas Services, and Gas Marketing Services segments. The company also develops, constructs, acquires, owns, and manages power generation assets, including renewable energy projects and sells electricity in the wholesale market; and distributes natural gas in Illinois, Georgia, Virginia, and Tennessee, as well as provides gas marketing services, wholesale gas services, and gas pipeline investments operations.

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Analyst Recommendations for Southern (NYSE:SO)

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