Southern Company (The) (SO) Receiving Positive News Coverage, Report Shows
News stories about Southern Company (The) (NYSE:SO) have been trending positive on Saturday, according to Accern. Accern scores the sentiment of news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Southern Company (The) earned a media sentiment score of 0.35 on Accern’s scale. Accern also gave news headlines about the utilities provider an impact score of 46.7633658476923 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s analysis:
- Southern Company (The) (SO) versus The Competition Financial Contrast (americanbankingnews.com)
- Yodeling, lederhosen and beer at Southern Barrel Brewing Company’s Oktoberfest (islandpacket.com)
- Southern Company (The) (SO) Rating Increased to Outperform at Royal Bank Of Canada (americanbankingnews.com)
- APNewsBreak: Disputed East Coast pipeline likely to expand (marketbeat.com)
- Feds sue Norfolk Southern, alleging company-wide discrimination on basis of disabilities (pilotonline.com)
Southern Company (NYSE SO) traded up 0.41% during mid-day trading on Friday, reaching $49.14. 7,244,944 shares of the company’s stock traded hands. 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 price of $48.99 and a 200-day moving average price of $49.45. The stock has a market capitalization of $49.11 billion, a PE ratio of 80.82 and a beta of 0.13.
Southern Company (The) (NYSE:SO) last released its earnings results on Wednesday, August 2nd. The utilities provider reported $0.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.02. The firm had revenue of $5.43 billion during the quarter, compared to analyst estimates of $5.23 billion. Southern Company (The) had a net margin of 2.93% and a return on equity of 11.30%. The business’s revenue was up 21.7% on a year-over-year basis. During the same quarter last year, the business earned $0.74 EPS. Equities research analysts expect that Southern Company will post $2.94 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 6th. Investors of record on Monday, August 21st were issued a dividend of $0.58 per share. The ex-dividend date of this dividend was Thursday, August 17th. This represents a $2.32 dividend on an annualized basis and a yield of 4.72%. Southern Company (The)’s payout ratio is 346.27%.
SO has been the subject of a number of recent research reports. Guggenheim upgraded shares of Southern Company (The) from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $49.00 to $56.00 in a research note on Thursday, September 14th. BidaskClub upgraded shares of Southern Company (The) from a “strong sell” rating to a “sell” rating in a research note on Monday, July 24th. Jefferies Group LLC reiterated a “buy” rating and issued a $55.00 price objective on shares of Southern Company (The) in a research note on Wednesday, July 19th. Mizuho upgraded shares of Southern Company (The) from a “neutral” rating to a “buy” rating and set a $53.00 price objective for the company in a research note on Tuesday, September 5th. Finally, Royal Bank Of Canada reduced 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. Three equities research 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. The company currently has an average rating of “Hold” and an average price target of $49.29.
In related news, EVP Christopher C. Womack sold 75,144 shares of Southern Company (The) stock in a transaction dated 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 completion of the sale, the executive vice president now owns 85,298 shares in the company, valued at approximately $4,204,338.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.00% 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.
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