Southern (SO) Rating Reiterated by Goldman Sachs Group

Southern (NYSE:SO)‘s stock had its “sell” rating reissued by investment analysts at Goldman Sachs Group in a research note issued on Wednesday, January 10th, Marketbeat reports.

A number of other analysts also recently commented on the stock. SunTrust Banks set a $49.00 price objective on shares of Southern and gave the stock a “hold” rating in a report on Wednesday, January 3rd. Guggenheim reissued a “buy” rating and set a $52.00 price objective on shares of Southern in a report on Wednesday, January 3rd. Royal Bank of Canada reissued a “buy” rating on shares of Southern in a report on Friday, December 22nd. Zacks Investment Research downgraded shares of Southern from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th. Finally, Mizuho reissued a “buy” rating and set a $52.00 price objective on shares of Southern in a report on Tuesday, December 26th. Six investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $50.43.

Shares of Southern (NYSE:SO) traded down $0.21 during trading on Wednesday, hitting $44.17. 7,210,000 shares of the stock were exchanged, compared to its average volume of 7,460,000. The firm has a market capitalization of $44,330.00, a price-to-earnings ratio of 78.88, a price-to-earnings-growth ratio of 3.28 and a beta of 0.03. Southern has a twelve month low of $43.16 and a twelve month high of $53.51. The company has a current ratio of 0.73, a quick ratio of 0.57 and a debt-to-equity ratio of 1.73.

Several hedge funds and other institutional investors have recently made changes to their positions in SO. Iberiabank Corp lifted its stake in shares of Southern by 6.5% during the third quarter. Iberiabank Corp now owns 151,315 shares of the utilities provider’s stock valued at $7,437,000 after buying an additional 9,232 shares during the period. Atlantic Trust Group LLC lifted its stake in shares of Southern by 13.4% during the third quarter. Atlantic Trust Group LLC now owns 23,732 shares of the utilities provider’s stock valued at $1,166,000 after buying an additional 2,804 shares during the period. Confluence Investment Management LLC lifted its stake in shares of Southern by 2.8% during the fourth quarter. Confluence Investment Management LLC now owns 2,050,249 shares of the utilities provider’s stock valued at $98,596,000 after buying an additional 55,264 shares during the period. Synovus Financial Corp lifted its stake in shares of Southern by 7.2% during the third quarter. Synovus Financial Corp now owns 931,263 shares of the utilities provider’s stock valued at $45,761,000 after buying an additional 62,321 shares during the period. Finally, National Pension Service lifted its stake in shares of Southern by 3.7% during the fourth quarter. National Pension Service now owns 842,651 shares of the utilities provider’s stock valued at $40,523,000 after buying an additional 30,381 shares during the period. 53.67% of the stock is currently owned by institutional investors.

WARNING: “Southern (SO) Rating Reiterated by Goldman Sachs Group” was first posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this article on another publication, it was illegally stolen and republished in violation of US and international copyright and trademark laws. The original version of this article can be viewed at https://www.dispatchtribunal.com/2018/02/05/southerns-so-sell-rating-reiterated-at-goldman-sachs-group.html.

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.

Analyst Recommendations for Southern (NYSE:SO)

Receive News & Ratings for Southern Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southern and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply