Southern (NYSE:SO) received a $46.00 price target from analysts at SunTrust Banks in a research report issued on Monday. The firm currently has a “hold” rating on the utilities provider’s stock. SunTrust Banks’ target price indicates a potential upside of 4.19% from the company’s current price.

A number of other brokerages also recently issued reports on SO. Zacks Investment Research raised Southern from a “sell” rating to a “hold” rating in a report on Friday, November 3rd. Bank of America reaffirmed an “underperform” rating and issued a $51.00 price target on shares of Southern in a report on Tuesday, October 24th. Mizuho reaffirmed a “buy” rating and issued a $55.00 price target on shares of Southern in a report on Friday, December 8th. Royal Bank of Canada reaffirmed a “buy” rating on shares of Southern in a report on Friday, December 22nd. Finally, Guggenheim reaffirmed a “buy” rating and issued a $52.00 price target on shares of Southern in a report on Wednesday, January 3rd. Six analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $50.43.

Shares of Southern (NYSE:SO) traded down $0.18 on Monday, reaching $44.15. The company had a trading volume of 2,350,265 shares, compared to its average volume of 8,270,290. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.73 and a quick ratio of 0.57. The firm has a market capitalization of $44,490.83, a P/E ratio of 78.95, a price-to-earnings-growth ratio of 3.29 and a beta of 0.03. Southern has a 52-week low of $42.63 and a 52-week high of $53.51.

Several hedge funds have recently bought and sold shares of the company. Taylor Hoffman Wealth Management acquired a new stake in shares of Southern during the fourth quarter worth $104,000. Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in shares of Southern during the third quarter worth $105,000. Monroe Bank & Trust MI lifted its holdings in shares of Southern by 17.9% during the second quarter. Monroe Bank & Trust MI now owns 2,300 shares of the utilities provider’s stock worth $110,000 after purchasing an additional 350 shares during the period. AlphaMark Advisors LLC lifted its holdings in shares of Southern by 0.6% during the second quarter. AlphaMark Advisors LLC now owns 2,363 shares of the utilities provider’s stock worth $113,000 after purchasing an additional 14 shares during the period. Finally, Fieldpoint Private Securities LLC acquired a new stake in shares of Southern during the third quarter worth $118,000. 53.72% of the stock is owned by institutional investors and hedge funds.

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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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