Southern Company (The) (NYSE:SO)‘s stock had its “buy” rating reaffirmed by equities researchers at Barclays PLC in a research report issued to clients and investors on Tuesday, July 25th. They presently have a $54.00 target price on the utilities provider’s stock. Barclays PLC’s price objective points to a potential upside of 11.80% from the company’s current price.

A number of other equities research analysts have also recently commented on SO. BMO Capital Markets reiterated a “hold” rating and issued a $53.00 target price on shares of Southern Company (The) in a research report on Thursday, March 30th. Deutsche Bank AG dropped their price objective on shares of Southern Company (The) from $52.00 to $50.00 and set a “hold” rating for the company in a report on Tuesday, April 11th. Jefferies Group LLC reissued a “buy” rating and issued a $56.00 price objective on shares of Southern Company (The) in a report on Wednesday, April 12th. Mizuho reissued a “neutral” rating and issued a $49.50 price objective on shares of Southern Company (The) in a report on Wednesday, April 19th. Finally, Zacks Investment Research lowered shares of Southern Company (The) from a “hold” rating to a “sell” rating in a report on Tuesday, April 25th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $48.79.

Shares of Southern Company (SO) traded up 0.79% during trading on Tuesday, hitting $48.30. 4,853,025 shares of the company’s stock were exchanged. The company has a 50-day moving average of $47.97 and a 200-day moving average of $49.46. Southern Company has a 12-month low of $46.20 and a 12-month high of $53.73. The company has a market cap of $48.27 billion, a P/E ratio of 79.44 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 EPS for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.02. The business had revenue of $5.43 billion during the quarter, compared to analysts’ expectations of $5.23 billion. Southern Company (The) had a net margin of 2.93% and a return on equity of 11.30%. The company’s quarterly revenue was up 21.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.74 earnings per share. On average, equities analysts expect that Southern Company will post $2.95 earnings per share for the current fiscal year.

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In related news, insider Ann P. Daiss sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $51.28, for a total value of $256,400.00. Following the sale, the insider now owns 7,394 shares of the company’s stock, valued at $379,164.32. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Mark Lantrip sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 14th. The stock was 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 directly owns 31,080 shares in the company, valued at approximately $1,600,620. 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. 1.00% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the company. Quadrature Capital Ltd acquired a new position in shares of Southern Company (The) during the fourth quarter worth about $9,331,000. Teachers Advisors LLC raised its position in shares of Southern Company (The) by 0.4% in the fourth quarter. Teachers Advisors LLC now owns 1,580,819 shares of the utilities provider’s stock worth $77,760,000 after buying an additional 6,988 shares during the period. Kentucky Retirement Systems acquired a new position in shares of Southern Company (The) during the fourth quarter worth about $3,498,000. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Southern Company (The) during the fourth quarter worth about $1,561,000. Finally, Searle & CO. acquired a new position in shares of Southern Company (The) during the fourth quarter worth about $955,000. Institutional investors and hedge funds own 52.83% of the company’s stock.

About Southern Company (The)

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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