Equities analysts expect that Southern Company (The) (NYSE:SO) will report $1.14 earnings per share for the current quarter, Zacks reports. Zero analysts have made estimates for Southern Company (The)’s earnings. The highest EPS estimate is $1.30 and the lowest is $1.06. Southern Company (The) posted earnings per share of $1.28 during the same quarter last year, which would suggest a negative year over year growth rate of 10.9%. The business is scheduled to report its next earnings results on Monday, October 30th.

On average, analysts expect that Southern Company (The) will report full year earnings of $2.95 per share for the current fiscal year, with EPS estimates ranging from $2.91 to $2.98. For the next year, analysts anticipate that the company will report earnings of $3.02 per share, with EPS estimates ranging from $2.99 to $3.05. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover Southern Company (The).

Southern Company (The) (NYSE:SO) last issued its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.02. Southern Company (The) had a return on equity of 11.30% and a net margin of 2.93%. The business had revenue of $5.43 billion during the quarter, compared to analyst estimates of $5.23 billion. During the same quarter in the prior year, the business posted $0.74 EPS. Southern Company (The)’s revenue for the quarter was up 21.7% compared to the same quarter last year.

SO has been the subject of several research reports. Zacks Investment Research cut shares of Southern Company (The) from a “hold” rating to a “sell” rating in a research note on Friday, June 16th. Morgan Stanley dropped their price objective on shares of Southern Company (The) from $53.00 to $51.00 and set an “underweight” rating for the company in a research note on Friday, June 23rd. BidaskClub cut shares of Southern Company (The) from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 24th. Royal Bank Of Canada dropped their price objective on shares of Southern Company (The) from $54.00 to $53.00 and set a “sector perform” rating for the company in a research note on Wednesday, June 28th. Finally, Macquarie raised shares of Southern Company (The) from a “neutral” rating to an “outperform” rating and set a $52.00 price objective for the company in a research note on Monday, July 10th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $49.29.

In other news, EVP Christopher C. Womack sold 75,144 shares of the company’s stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 85,298 shares in the company, valued at approximately $4,204,338.42. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Southern Company (The) by 3.3% in the 2nd quarter. Vanguard Group Inc. now owns 71,053,604 shares of the utilities provider’s stock worth $3,402,047,000 after acquiring an additional 2,295,466 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Southern Company (The) by 2,961.9% in the 1st quarter. BlackRock Inc. now owns 62,067,822 shares of the utilities provider’s stock worth $3,089,736,000 after acquiring an additional 60,040,696 shares during the last quarter. State Street Corp lifted its holdings in shares of Southern Company (The) by 1.1% in the 1st quarter. State Street Corp now owns 48,900,251 shares of the utilities provider’s stock worth $2,434,244,000 after acquiring an additional 515,397 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of Southern Company (The) by 3.6% in 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 last quarter. Finally, Capital Research Global Investors lifted its holdings in shares of Southern Company (The) by 25.3% in 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 last quarter. Hedge funds and other institutional investors own 53.28% of the company’s stock.

Shares of Southern Company (NYSE:SO) traded up 0.41% during midday trading on Wednesday, reaching $49.14. The company’s stock had a trading volume of 7,244,944 shares. The firm has a market capitalization of $49.11 billion, a P/E ratio of 80.82 and a beta of 0.13. Southern Company has a 12-month low of $46.20 and a 12-month high of $53.73. The stock has a 50-day moving average of $48.99 and a 200 day moving average of $49.45.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 6th. Stockholders of record on Monday, August 21st were issued a $0.58 dividend. The ex-dividend date of this dividend was Thursday, August 17th. This represents a $2.32 annualized dividend and a dividend yield of 4.72%. Southern Company (The)’s dividend payout ratio is currently 346.27%.

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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.

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Earnings History and Estimates for Southern Company (The) (NYSE:SO)

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