Southern Company (The) (NYSE:SO) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.

SO has been the topic of a number of other reports. J P Morgan Chase & Co began coverage on shares of Southern Company (The) in a research report on Tuesday. They issued an “overweight” rating and a $16.78 price target on the stock. Credit Suisse Group upgraded shares of Southern Company (The) from an “underperform” rating to a “neutral” rating in a research report on Thursday, August 3rd. Zacks Investment Research lowered shares of Southern Company (The) from a “hold” rating to a “sell” rating in a research report on Tuesday, April 25th. Morgan Stanley boosted their price target on shares of Southern Company (The) from $50.00 to $51.00 and gave the company an “underweight” rating in a research report on Monday, May 8th. Finally, Barclays PLC restated a “buy” rating and issued a $55.00 price target on shares of Southern Company (The) in a research report on Monday, May 15th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. Southern Company (The) presently has a consensus rating of “Hold” and a consensus target price of $48.87.

Shares of Southern Company (NYSE SO) opened at 48.85 on Thursday. Southern Company has a 52 week low of $46.20 and a 52 week high of $53.73. The firm has a 50 day moving average of $48.21 and a 200 day moving average of $49.47. The firm has a market cap of $48.82 billion, a price-to-earnings ratio of 80.35 and a beta of 0.12.

Southern Company (The) (NYSE:SO) last issued its earnings results on Wednesday, August 2nd. The utilities provider reported $0.73 earnings per share for the quarter, beating the 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 business had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.23 billion. During the same period in the previous year, the business earned $0.74 EPS. The firm’s revenue was up 21.7% on a year-over-year basis. Equities analysts predict that Southern Company will post $2.95 earnings per share for the current fiscal year.

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In other Southern Company (The) news, EVP Christopher C. Womack sold 75,144 shares of the business’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $49.29, for a total value of $3,703,847.76. Following the completion of the transaction, the executive vice president now directly owns 85,298 shares of the company’s stock, valued at $4,204,338.42. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Art P. Beattie sold 46,940 shares of the business’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $51.50, for a total transaction of $2,417,410.00. Following the completion of the transaction, the insider now directly owns 59,493 shares of the company’s stock, valued at $3,063,889.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 152,084 shares of company stock valued at $7,665,158. Insiders own 1.00% of the company’s stock.

Several institutional investors have recently made changes to their positions in SO. BlackRock Inc. increased its stake in Southern Company (The) by 2,961.9% in the first quarter. BlackRock Inc. now owns 62,067,822 shares of the utilities provider’s stock worth $3,089,736,000 after buying an additional 60,040,696 shares during the period. Ameriprise Financial Inc. increased its stake in Southern Company (The) by 205.4% in the first quarter. Ameriprise Financial Inc. now owns 8,803,018 shares of the utilities provider’s stock worth $438,168,000 after buying an additional 5,920,212 shares during the period. Vanguard Group Inc. increased its stake in Southern Company (The) by 4.1% in the first quarter. Vanguard Group Inc. now owns 68,758,138 shares of the utilities provider’s stock worth $3,422,780,000 after buying an additional 2,688,854 shares during the period. Canada Pension Plan Investment Board increased its stake in Southern Company (The) by 876.2% in the first quarter. Canada Pension Plan Investment Board now owns 1,074,910 shares of the utilities provider’s stock worth $53,509,000 after buying an additional 964,800 shares during the period. Finally, Swiss National Bank increased its stake in Southern Company (The) by 20.3% in the first quarter. Swiss National Bank now owns 4,978,424 shares of the utilities provider’s stock worth $247,826,000 after buying an additional 841,100 shares during the period. 53.57% of the stock is owned by 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)

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