Southern Company (The) (NYSE:SO) Upgraded to Sell at BidaskClub

Southern Company (The) (NYSE:SO) was upgraded by stock analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a report released on Monday, July 24th.

Other equities analysts have also recently issued research reports about the stock. Jefferies Group LLC reissued a “buy” rating and issued a $55.00 price target on shares of Southern Company (The) in a research report on Monday, May 15th. Barclays PLC reissued a “buy” rating and issued a $55.00 price target on shares of Southern Company (The) in a research report on Monday, May 15th. Deutsche Bank AG reduced their price objective on shares of Southern Company (The) from $52.00 to $50.00 and set a “hold” rating on the stock in a report on Tuesday, April 11th. BMO Capital Markets restated a “hold” rating and issued a $53.00 price objective on shares of Southern Company (The) in a report on Thursday, March 30th. Finally, Mizuho restated a “neutral” rating and issued a $49.50 price objective on shares of Southern Company (The) in a report on Wednesday, April 19th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. Southern Company (The) presently has an average rating of “Hold” and an average price target of $48.79.

Southern Company (NYSE:SO) opened at 48.30 on Monday. The company’s 50 day moving average price is $47.97 and its 200 day moving average price is $49.46. Southern Company has a 12 month low of $46.20 and a 12 month high of $53.73. The stock has a market cap of $48.27 billion, a PE ratio of 79.44 and a beta of 0.12.

Southern Company (The) (NYSE:SO) last issued 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. Southern Company (The) had a net margin of 2.93% and a return on equity of 11.30%. The company had revenue of $5.43 billion during the quarter, compared to analysts’ expectations of $5.23 billion. During the same quarter last year, the company posted $0.74 EPS. The firm’s revenue was up 21.7% compared to the same quarter last year. Equities analysts forecast that Southern Company will post $2.95 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Southern Company (The) (NYSE:SO) Upgraded to Sell at BidaskClub” was reported by BNB Daily and is the sole property of of BNB Daily. If you are accessing this news story on another domain, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark laws. The original version of this news story can be accessed at https://www.baseball-news-blog.com/2017/08/19/southern-company-the-nyseso-lifted-to-sell-at-bidaskclub-updated-updated-updated.html.

In related news, CEO Mark Lantrip sold 25,000 shares of the business’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $51.50, for a total transaction of $1,287,500.00. Following the sale, the chief executive officer now owns 31,080 shares of the company’s stock, valued at $1,600,620. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Ann P. Daiss sold 5,000 shares of the business’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $51.28, for a total transaction of $256,400.00. Following the sale, the insider now directly owns 7,394 shares in the company, valued at approximately $379,164.32. The disclosure for this sale can be found here. In the last ninety days, insiders sold 152,084 shares of company stock worth $7,665,158. Insiders own 1.00% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Advisory Services Network LLC boosted its position in shares of Southern Company (The) by 11.1% in the second quarter. Advisory Services Network LLC now owns 51,179 shares of the utilities provider’s stock worth $2,450,000 after buying an additional 5,125 shares during the last quarter. Banco BTG Pactual S.A. acquired a new position in shares of Southern Company (The) during the second quarter worth about $479,000. WINTON GROUP Ltd acquired a new position in shares of Southern Company (The) during the second quarter worth about $769,000. Strategic Wealth Advisors Group LLC acquired a new position in shares of Southern Company (The) during the second quarter worth about $575,000. Finally, Koch Industries Inc. acquired a new position in shares of Southern Company (The) during the second quarter worth about $289,000. 52.83% of the stock is currently owned by hedge funds and other institutional investors.

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)

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

Latest News

Leave a Reply