Press coverage about Southern Company (The) (NYSE:SO) has been trending somewhat positive recently, Accern reports. The research firm identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Southern Company (The) earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave press coverage about the utilities provider an impact score of 46.3745306841192 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:
A number of equities analysts have recently commented on SO shares. J P Morgan Chase & Co started coverage on shares of Southern Company (The) in a report on Tuesday, August 8th. They issued an “overweight” rating and a $16.78 target price on the stock. SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $52.00 target price on shares of Southern Company (The) in a report on Friday, October 20th. Credit Suisse Group raised shares of Southern Company (The) from an “underperform” rating to a “neutral” rating in a report on Thursday, August 3rd. Bank of America Corporation reaffirmed an “underperform” rating and issued a $51.00 target price on shares of Southern Company (The) in a report on Tuesday, October 24th. Finally, Royal Bank Of Canada raised shares of Southern Company (The) from a “sector perform” rating to an “outperform” rating and set a $53.00 target price on the stock in a report on Friday, September 29th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $49.72.
Shares of Southern Company (SO) traded up $0.21 during midday trading on Tuesday, hitting $51.18. 2,950,600 shares of the company’s stock traded hands, compared to its average volume of 4,705,027. The stock has a market cap of $51,370.00, a price-to-earnings ratio of 18.53, a P/E/G ratio of 4.60 and a beta of 0.15. Southern Company has a 52 week low of $46.20 and a 52 week high of $53.51. The company has a quick ratio of 0.57, a current ratio of 0.73 and a debt-to-equity ratio of 1.73.
Southern Company (The) (NYSE:SO) last released its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $1.12 EPS for the quarter, topping the consensus estimate of $1.08 by $0.04. Southern Company (The) had a net margin of 2.59% and a return on equity of 10.81%. The business had revenue of $6.20 billion for the quarter, compared to analyst estimates of $6.16 billion. During the same period in the previous year, the firm earned $1.27 EPS. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. equities research analysts forecast that Southern Company will post 2.95 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 6th. Investors of record on Monday, November 20th will be given a $0.58 dividend. The ex-dividend date is Friday, November 17th. This represents a $2.32 annualized dividend and a dividend yield of 4.53%. Southern Company (The)’s dividend payout ratio is presently 414.29%.
In other Southern Company (The) news, insider Ann P. Daiss sold 5,000 shares of the company’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $52.28, for a total value of $261,400.00. Following the transaction, the insider now directly owns 7,394 shares in the company, valued at approximately $386,558.32. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO William P. Bowers sold 85,151 shares of the company’s stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $50.00, for a total transaction of $4,257,550.00. The disclosure for this sale can be found here. Insiders sold a total of 213,813 shares of company stock worth $11,029,988 over the last quarter. Insiders own 0.74% of the company’s stock.
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About Southern Company (The)
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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