Southern Company (The) (NYSE:SO) was upgraded by stock analysts at Royal Bank Of Canada from a “sector perform” rating to an “outperform” rating in a research note issued to investors on Friday. The firm currently has a $53.00 target price on the utilities provider’s stock. Royal Bank Of Canada’s price objective indicates a potential upside of 7.86% from the company’s previous close.

Other equities analysts have also issued research reports about the stock. Credit Suisse Group raised shares of Southern Company (The) from an “underperform” rating to a “neutral” rating in a research report on Thursday, August 3rd. Jefferies Group LLC reissued a “buy” rating and issued a $55.00 price target on shares of Southern Company (The) in a research report on Wednesday, July 19th. Citigroup Inc. lifted their price target on shares of Southern Company (The) from $42.00 to $43.00 and gave the company a “sell” rating in a research report on Wednesday, July 26th. BidaskClub lowered shares of Southern Company (The) from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Southern Company (The) in a research report on Tuesday, August 8th. They set an “overweight” rating and a $16.78 target price on the stock. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company’s stock. Southern Company (The) currently has a consensus rating of “Hold” and an average price target of $49.29.

Southern Company (SO) opened at 49.14 on Friday. The stock has a 50 day moving average of $48.99 and a 200 day moving average of $49.45. The stock 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 52 week low of $46.20 and a 52 week high of $53.73.

Southern Company (The) (NYSE:SO) last released its quarterly 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. Southern Company (The) had a net margin of 2.93% and a return on equity of 11.30%. The company had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.23 billion. During the same quarter last year, the firm posted $0.74 earnings per share. The company’s quarterly revenue was up 21.7% compared to the same quarter last year. On average, equities research analysts predict that Southern Company will post $2.94 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 Southern Company (The) stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $49.29, for a total transaction of $3,703,847.76. Following the sale, the executive vice president now owns 85,298 shares in the company, valued at $4,204,338.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is owned by insiders.

Several large investors have recently modified their holdings of SO. Chicago Partners Investment Group LLC acquired a new stake in shares of Southern Company (The) in the 2nd quarter valued at $100,000. Symmetry Partners LLC acquired a new stake in shares of Southern Company (The) in the 1st quarter valued at $103,000. Monroe Bank & Trust MI boosted its stake in shares of Southern Company (The) by 17.9% in the 2nd quarter. Monroe Bank & Trust MI now owns 2,300 shares of the utilities provider’s stock valued at $110,000 after purchasing an additional 350 shares in the last quarter. Stuart Chaussee & Associates Inc. boosted its stake in shares of Southern Company (The) by 358.8% in the 1st quarter. Stuart Chaussee & Associates Inc. now owns 2,225 shares of the utilities provider’s stock valued at $111,000 after purchasing an additional 1,740 shares in the last quarter. Finally, AlphaMark Advisors LLC boosted its stake in shares of Southern Company (The) by 0.6% in the 2nd quarter. AlphaMark Advisors LLC now owns 2,363 shares of the utilities provider’s stock valued at $113,000 after purchasing an additional 14 shares in the last quarter. Institutional investors own 53.28% of the company’s stock.

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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