The Southern Company (NYSE:SO) Receives Average Rating of “Hold” from Analysts

The Southern Company (NYSE:SOGet Rating) has been assigned a consensus rating of “Hold” from the sixteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $72.08.

A number of research firms have recently weighed in on SO. Guggenheim dropped their price objective on Southern from $80.00 to $69.00 in a research note on Monday, October 24th. Morgan Stanley increased their price target on Southern from $59.00 to $63.00 and gave the company an “underweight” rating in a research note on Thursday, December 15th. Wells Fargo & Company increased their price target on Southern from $70.00 to $77.00 in a research note on Wednesday, December 14th. UBS Group dropped their price target on Southern to $80.00 in a research note on Monday, November 21st. Finally, Credit Suisse Group increased their price target on Southern from $60.00 to $70.00 and gave the company an “underperform” rating in a research note on Wednesday.

Insider Buying and Selling at Southern

In other Southern news, EVP Martin Bernard Davis sold 1,475 shares of the company’s stock in a transaction that occurred on Wednesday, December 7th. The stock was sold at an average price of $68.35, for a total transaction of $100,816.25. Following the sale, the executive vice president now directly owns 38,441 shares in the company, valued at $2,627,442.35. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Stephen E. Kuczynski sold 14,546 shares of the stock in a transaction that occurred on Tuesday, January 10th. The stock was sold at an average price of $70.95, for a total value of $1,032,038.70. Following the sale, the chief executive officer now directly owns 120,786 shares in the company, valued at $8,569,766.70. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Martin Bernard Davis sold 1,475 shares of the stock in a transaction that occurred on Wednesday, December 7th. The stock was sold at an average price of $68.35, for a total value of $100,816.25. Following the completion of the sale, the executive vice president now owns 38,441 shares in the company, valued at $2,627,442.35. The disclosure for this sale can be found here. Insiders have sold a total of 19,071 shares of company stock worth $1,333,545 over the last ninety days. Company insiders own 0.37% of the company’s stock.

Institutional Investors Weigh In On Southern

Several hedge funds and other institutional investors have recently modified their holdings of the business. PFG Advisors raised its holdings in shares of Southern by 3.1% in the second quarter. PFG Advisors now owns 4,712 shares of the utilities provider’s stock worth $336,000 after buying an additional 142 shares during the period. SignalPoint Asset Management LLC grew its stake in Southern by 1.0% in the second quarter. SignalPoint Asset Management LLC now owns 14,533 shares of the utilities provider’s stock worth $1,036,000 after purchasing an additional 144 shares in the last quarter. Pinnacle Associates Ltd. grew its stake in Southern by 0.4% in the second quarter. Pinnacle Associates Ltd. now owns 38,101 shares of the utilities provider’s stock worth $2,717,000 after purchasing an additional 144 shares in the last quarter. Burns J W & Co. Inc. NY grew its stake in Southern by 0.7% in the fourth quarter. Burns J W & Co. Inc. NY now owns 21,982 shares of the utilities provider’s stock worth $1,570,000 after purchasing an additional 145 shares in the last quarter. Finally, LCM Capital Management Inc grew its stake in Southern by 3.7% in the second quarter. LCM Capital Management Inc now owns 4,137 shares of the utilities provider’s stock worth $295,000 after purchasing an additional 148 shares in the last quarter. 61.78% of the stock is currently owned by hedge funds and other institutional investors.

Southern Stock Performance

NYSE SO opened at $66.45 on Friday. The firm has a market cap of $72.34 billion, a price-to-earnings ratio of 21.03, a price-to-earnings-growth ratio of 4.72 and a beta of 0.48. The company has a quick ratio of 0.64, a current ratio of 0.81 and a debt-to-equity ratio of 1.42. The business has a 50-day moving average price of $69.00 and a 200-day moving average price of $71.27. Southern has a twelve month low of $60.71 and a twelve month high of $80.57.

Southern (NYSE:SOGet Rating) last released its quarterly earnings data on Thursday, October 27th. The utilities provider reported $1.31 earnings per share for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.02). The business had revenue of $8.38 billion during the quarter, compared to the consensus estimate of $6.75 billion. Southern had a return on equity of 12.21% and a net margin of 12.52%. As a group, equities research analysts predict that Southern will post 3.58 EPS for the current fiscal year.

About Southern

(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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