Somewhat Positive Media Coverage Somewhat Unlikely to Affect Southern (SO) Stock Price

News stories about Southern (NYSE:SO) have been trending somewhat positive this week, Accern reports. Accern scores the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Southern earned a news impact score of 0.12 on Accern’s scale. Accern also gave media headlines about the utilities provider an impact score of 45.9167657169488 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

These are some of the news stories that may have effected Accern Sentiment’s scoring:

Shares of Southern (NYSE:SO) opened at $45.96 on Thursday. 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 stock has a market capitalization of $46,130.00, a PE ratio of 82.07, a PEG ratio of 3.45 and a beta of 0.14. Southern has a 52 week low of $45.81 and a 52 week high of $53.51.

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

SO has been the subject of a number of analyst reports. Guggenheim upgraded Southern from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $49.00 to $56.00 in a research report on Thursday, September 14th. Royal Bank of Canada upgraded Southern from a “sector perform” rating to an “outperform” rating and set a $53.00 price target for the company in a research report on Friday, September 29th. Citigroup reissued a “sell” rating and issued a $44.00 price objective (up previously from $43.00) on shares of Southern in a research note on Tuesday, October 3rd. Zacks Investment Research raised Southern from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a research note on Tuesday, October 10th. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $52.00 target price on shares of Southern in a research report on Friday, October 20th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company. Southern currently has an average rating of “Hold” and an average target price of $49.25.

In related news, VP James Y. Kerr II sold 25,000 shares of the stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $52.16, for a total transaction of $1,304,000.00. Following the sale, the vice president now directly owns 26,000 shares in the company, valued at approximately $1,356,160. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Christopher C. Womack sold 46,641 shares of the stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $53.00, for a total value of $2,471,973.00. Following the sale, the executive vice president now owns 56,799 shares in the company, valued at $3,010,347. The disclosure for this sale can be found here. Over the last three months, insiders sold 128,662 shares of company stock valued at $6,772,438. 0.74% of the stock is currently owned by insiders.

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About Southern

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.

Insider Buying and Selling by Quarter for Southern (NYSE:SO)

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