Southern (NYSE:SO) had its target price raised by investment analysts at Morgan Stanley from $44.00 to $45.00 in a research report issued on Monday. The firm currently has an “underweight” rating on the utilities provider’s stock. Morgan Stanley’s target price indicates a potential upside of 1.42% from the company’s previous close.
Several other analysts also recently commented on the company. JPMorgan Chase upped their price objective on Southern from $43.00 to $45.00 and gave the company an “underweight” rating in a research note on Tuesday, April 10th. TheStreet downgraded Southern from a “b-” rating to a “c” rating in a research note on Monday, March 26th. SunTrust Banks set a $45.00 price objective on Southern and gave the company a “hold” rating in a research note on Monday, March 26th. Credit Suisse Group reaffirmed an “underperform” rating and set a $45.00 price objective (down from $46.00) on shares of Southern in a research note on Tuesday, February 27th. Finally, Guggenheim reaffirmed a “buy” rating and set a $51.00 price objective on shares of Southern in a research note on Friday, February 23rd. Seven analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $49.17.
SO traded up $0.43 on Monday, hitting $44.37. 779,056 shares of the company traded hands, compared to its average volume of 7,032,213. The company has a quick ratio of 0.59, a current ratio of 0.74 and a debt-to-equity ratio of 1.84. The company has a market cap of $44,298.50, a PE ratio of 14.71, a P/E/G ratio of 3.36 and a beta of 0.02. Southern has a 12-month low of $42.38 and a 12-month high of $53.51.
Southern (NYSE:SO) last posted its quarterly earnings data on Wednesday, February 21st. The utilities provider reported $0.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.05. The firm had revenue of $5.63 billion during the quarter, compared to the consensus estimate of $5.17 billion. Southern had a return on equity of 11.96% and a net margin of 3.82%. The firm’s revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.24 EPS. sell-side analysts expect that Southern will post 2.91 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Taylor Hoffman Wealth Management acquired a new position in Southern during the 4th quarter worth approximately $104,000. We Are One Seven LLC acquired a new stake in shares of Southern in the 4th quarter worth approximately $106,000. Fieldpoint Private Securities LLC acquired a new stake in shares of Southern in the 3rd quarter worth approximately $118,000. Acropolis Investment Management LLC acquired a new stake in shares of Southern in the 4th quarter worth approximately $134,000. Finally, Bank of Nova Scotia Trust Co. acquired a new stake in shares of Southern in the 3rd quarter worth approximately $147,000. Institutional investors own 56.39% of the company’s stock.
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Southern Company Profile
The Southern Company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity. 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, New Jersey, Florida, Tennessee, and Maryland, as well as provides gas marketing services, wholesale gas services, and gas midstream operations.
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