SunTrust Banks set a $47.00 price objective on Southern (NYSE:SO) in a report released on Wednesday morning. The firm currently has a hold rating on the utilities provider’s stock.

Several other equities analysts also recently issued reports on SO. Royal Bank of Canada reiterated a buy rating on shares of Southern in a research report on Friday, December 22nd. JPMorgan Chase & Co. assumed coverage on Southern in a research report on Friday, January 12th. They set an underweight rating and a $46.00 price objective for the company. Guggenheim reiterated a buy rating and set a $52.00 price objective on shares of Southern in a research report on Wednesday, January 3rd. Zacks Investment Research downgraded Southern from a hold rating to a sell rating in a research report on Monday. Finally, Citigroup reiterated a sell rating and set a $44.00 price objective (up from $43.00) on shares of Southern in a research report on Tuesday, October 3rd. Six investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. Southern has a consensus rating of Hold and an average price target of $51.07.

Shares of Southern (NYSE SO) traded down $0.15 during midday trading on Wednesday, hitting $44.90. The stock had a trading volume of 9,890,000 shares, compared to its average volume of 6,300,000. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.57 and a current ratio of 0.73. The firm has a market capitalization of $45,060.00, a P/E ratio of 80.18, a PEG ratio of 3.31 and a beta of 0.14. Southern has a fifty-two week low of $44.26 and a fifty-two week high of $53.51.

Southern (NYSE:SO) last issued its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $1.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.04. The business had revenue of $6.20 billion during the quarter, compared to the consensus estimate of $6.16 billion. Southern had a return on equity of 10.81% and a net margin of 2.59%. The business’s revenue was down 1.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.27 earnings per share. equities research analysts forecast that Southern will post 2.96 earnings per share for the current year.

In other Southern news, VP James Y. Kerr II sold 25,000 shares of the company’s stock in a transaction on Friday, October 20th. The stock was sold at an average price of $52.16, for a total value of $1,304,000.00. Following the transaction, the vice president now owns 26,000 shares of the company’s stock, valued at $1,356,160. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Christopher C. Womack sold 46,641 shares of the company’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $53.00, for a total value of $2,471,973.00. Following the completion of the transaction, the executive vice president now directly owns 56,799 shares in the company, valued at approximately $3,010,347. The disclosure for this sale can be found here. Insiders sold 128,662 shares of company stock valued at $6,772,438 over the last 90 days. 1.00% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Chicago Partners Investment Group LLC acquired a new stake in Southern during the 2nd quarter valued at $100,000. Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in Southern during the 3rd quarter valued at $105,000. Monroe Bank & Trust MI raised its stake in Southern by 17.9% during 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 during the period. AlphaMark Advisors LLC raised its stake in Southern by 0.6% during 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 during the period. Finally, Fieldpoint Private Securities LLC acquired a new stake in Southern during the 3rd quarter valued at $118,000. 53.68% of the stock is currently owned by institutional investors.

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Southern 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 (NYSE:SO)

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