News articles about Southern (NYSE:SO) have been trending somewhat positive this week, Accern reports. The research firm identifies negative and positive news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Southern earned a coverage optimism score of 0.13 on Accern’s scale. Accern also assigned media stories about the utilities provider an impact score of 46.0704483362857 out of 100, indicating 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 media stories that may have effected Accern Sentiment’s analysis:
Southern (SO) traded down $0.78 during trading on Monday, hitting $50.33. 5,502,256 shares of the company’s stock traded hands, compared to its average volume of 4,671,519. Southern has a 1 year low of $46.23 and a 1 year high of $53.51. 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 company has a market cap of $51,295.43, a PE ratio of 18.58, a P/E/G ratio of 4.61 and a beta of 0.13.
Southern (NYSE:SO) last posted its earnings results on Wednesday, November 1st. The utilities provider reported $1.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.04. The firm had revenue of $6.20 billion for the quarter, compared to analysts’ expectations of $6.16 billion. Southern had a net margin of 2.59% and a return on equity of 10.81%. The company’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.27 EPS. sell-side analysts expect that Southern will post 2.95 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 6th. Shareholders of record on Monday, November 20th will be issued a dividend of $0.58 per share. The ex-dividend date of this dividend is Friday, November 17th. This represents a $2.32 dividend on an annualized basis and a yield of 4.61%. Southern’s payout ratio is 414.29%.
SO has been the subject of a number of research reports. Zacks Investment Research upgraded Southern from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a research note on Tuesday, October 10th. Guggenheim raised Southern from a “neutral” rating to a “buy” rating and raised their target price for the stock from $49.00 to $56.00 in a research report on Thursday, September 14th. Jefferies Group reaffirmed a “buy” rating and set a $56.00 target price (up from $55.00) on shares of Southern in a research report on Tuesday, September 12th. Mizuho raised Southern from a “neutral” rating to a “buy” rating and set a $53.00 target price for the company in a research report on Tuesday, September 5th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Southern in a research report on Friday, September 1st. Three 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 stock presently has an average rating of “Hold” and a consensus price target of $49.72.
In other news, CEO William P. Bowers sold 85,151 shares of the business’s stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $50.00, for a total transaction of $4,257,550.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ann P. Daiss sold 5,080 shares of the business’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $53.28, for a total transaction of $270,662.40. Following the transaction, the insider now owns 7,474 shares of the company’s stock, valued at $398,214.72. The disclosure for this sale can be found here. Insiders have sold a total of 213,813 shares of company stock worth $11,029,988 in the last three months. Insiders own 0.74% of the company’s stock.
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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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