Brokerages Set Southern Co (SO) PT at $49.27

Shares of Southern Co (NYSE:SO) have been given an average rating of “Hold” by the twenty-one ratings firms that are currently covering the firm, MarketBeat.com reports. Six research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $49.27.

Several equities research analysts recently commented on SO shares. Guggenheim reiterated a “buy” rating and set a $52.00 target price on shares of Southern in a report on Wednesday, January 3rd. Mizuho reiterated a “buy” rating and set a $52.00 target price on shares of Southern in a report on Tuesday, December 26th. Royal Bank of Canada reiterated a “buy” rating on shares of Southern in a report on Friday, December 22nd. Zacks Investment Research upgraded Southern from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a report on Tuesday, December 12th. Finally, SunTrust Banks reiterated a “hold” rating and set a $50.00 target price on shares of Southern in a report on Tuesday, December 26th.

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in Southern by 3.3% during the 2nd quarter. Vanguard Group Inc. now owns 71,053,604 shares of the utilities provider’s stock valued at $3,402,047,000 after purchasing an additional 2,295,466 shares during the period. BlackRock Inc. boosted its position in Southern by 1.3% during the 4th quarter. BlackRock Inc. now owns 62,955,468 shares of the utilities provider’s stock worth $3,027,527,000 after acquiring an additional 821,503 shares during the period. Franklin Resources Inc. boosted its position in Southern by 3.6% during the 2nd quarter. Franklin Resources Inc. now owns 22,379,839 shares of the utilities provider’s stock worth $1,071,547,000 after acquiring an additional 770,413 shares during the period. Capital Research Global Investors boosted its position in Southern by 25.3% during the 2nd quarter. Capital Research Global Investors now owns 14,940,226 shares of the utilities provider’s stock worth $715,338,000 after acquiring an additional 3,015,226 shares during the period. Finally, Wells Fargo & Company MN boosted its position in Southern by 3.5% during the 4th quarter. Wells Fargo & Company MN now owns 10,933,765 shares of the utilities provider’s stock worth $525,805,000 after acquiring an additional 370,302 shares during the period. Institutional investors own 53.87% of the company’s stock.

Shares of Southern (NYSE:SO) traded down $0.63 during trading hours on Wednesday, hitting $43.93. The company had a trading volume of 7,861,100 shares, compared to its average volume of 8,407,660. The stock has a market cap of $44,089.38, a P/E ratio of 78.45, a P/E/G ratio of 3.26 and a beta of 0.03. The company has a current ratio of 0.73, a quick ratio of 0.57 and a debt-to-equity ratio of 1.73. Southern has a 1-year low of $42.63 and a 1-year high of $53.51.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 6th. Stockholders of record on Tuesday, February 20th will be given a $0.58 dividend. The ex-dividend date of this dividend is Friday, February 16th. This represents a $2.32 annualized dividend and a dividend yield of 5.28%. Southern’s payout ratio is 414.29%.

COPYRIGHT VIOLATION WARNING: “Brokerages Set Southern Co (SO) PT at $49.27” was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece on another website, it was stolen and reposted in violation of U.S. and international copyright and trademark legislation. The original version of this piece can be viewed at https://ledgergazette.com/2018/02/19/brokerages-set-southern-co-so-pt-at-49-27.html.

Southern 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 (NYSE:SO)

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

Leave a Reply