Southern Co (NYSE:SO) has received an average rating of “Hold” from the fifteen research firms that are presently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $55.11.
A number of equities analysts have commented on SO shares. Zacks Investment Research downgraded Southern from a “buy” rating to a “hold” rating in a research note on Tuesday, May 21st. Mizuho lifted their target price on Southern from $48.50 to $55.00 and gave the company a “neutral” rating in a research note on Thursday, June 13th. ValuEngine cut Southern from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. SunTrust Banks set a $59.00 price target on Southern and gave the company a “hold” rating in a report on Tuesday, September 3rd. Finally, Barclays reaffirmed a “hold” rating and set a $57.00 price target on shares of Southern in a report on Wednesday, June 19th.
In other Southern news, CEO William P. Bowers sold 164,377 shares of the company’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $56.01, for a total value of $9,206,755.77. Following the transaction, the chief executive officer now owns 181,005 shares of the company’s stock, valued at $10,138,090.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Stephen E. Kuczynski sold 2,000 shares of the company’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $56.00, for a total value of $112,000.00. Following the completion of the transaction, the chief executive officer now directly owns 73,772 shares in the company, valued at approximately $4,131,232. The disclosure for this sale can be found here. In the last three months, insiders have sold 257,121 shares of company stock worth $14,572,063. 0.88% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Krane Funds Advisors LLC bought a new position in shares of Southern in the second quarter valued at $25,000. Thor Advisors LLC purchased a new position in Southern during the 1st quarter worth approximately $26,000. Atlantic Trust LLC purchased a new position in Southern during the 2nd quarter worth approximately $28,000. Salomon & Ludwin LLC purchased a new position in Southern during the 2nd quarter worth approximately $29,000. Finally, Capital Advisors Ltd. LLC grew its position in Southern by 200.0% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 600 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 400 shares in the last quarter. 58.39% of the stock is currently owned by institutional investors.
NYSE:SO opened at $59.99 on Friday. The company has a market capitalization of $61.58 billion, a price-to-earnings ratio of 19.54, a price-to-earnings-growth ratio of 4.32 and a beta of 0.17. Southern has a one year low of $42.50 and a one year high of $60.65. The stock has a 50-day simple moving average of $57.74 and a 200 day simple moving average of $54.41. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.59 and a current ratio of 0.76.
Southern (NYSE:SO) last posted its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $0.80 EPS for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.08. The business had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.12 billion. Southern had a return on equity of 10.04% and a net margin of 20.18%. The company’s revenue for the quarter was down 9.4% compared to the same quarter last year. During the same period last year, the firm earned $0.80 earnings per share. On average, equities research analysts forecast that Southern will post 3.04 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Monday, August 19th were issued a dividend of $0.62 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.48 annualized dividend and a yield of 4.13%. Southern’s payout ratio is 80.78%.
Southern Company Profile
The Southern Company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity. It operates in four segments: Gas Distribution Operations, Gas Pipeline Investments, Wholesale Gas Services, and Gas Marketing Services. 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, and Tennessee, as well as provides gas marketing services, wholesale gas services, and gas pipeline investments operations.
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