UBS Group started coverage on shares of Southern (NYSE:SO) in a research report released on Friday, February 2nd, www.benzinga.com reports. The firm issued a neutral rating and a $46.00 target price on the utilities provider’s stock.
Several other research analysts have also weighed in on SO. ValuEngine lowered shares of Southern from a buy rating to a hold rating in a research note on Friday, February 2nd. Royal Bank of Canada reaffirmed a buy rating on shares of Southern in a research note on Friday, December 22nd. SunTrust Banks set a $46.00 price objective on shares of Southern and gave the company a hold rating in a research note on Tuesday, January 23rd. Mizuho lowered shares of Southern from a buy rating to a neutral rating and set a $44.50 price objective for the company. in a research note on Tuesday, January 23rd. Finally, Guggenheim reissued a buy rating and issued a $52.00 price objective on shares of Southern in a research note on Wednesday, January 3rd. Six analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. The company has an average rating of Hold and an average price target of $50.03.
Shares of Southern (NYSE SO) opened at $44.51 on Friday. 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 cap of $44,490.83, a PE ratio of 79.79, a P/E/G ratio of 3.29 and a beta of 0.03. Southern has a 12-month low of $42.63 and a 12-month high of $53.51.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 6th. Stockholders of record on Tuesday, February 20th will be issued a $0.58 dividend. The ex-dividend date is Friday, February 16th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 5.21%. Southern’s payout ratio is 414.29%.
Several institutional investors have recently made changes to their positions in the company. Taylor Hoffman Wealth Management purchased a new position in Southern in the 4th quarter valued at $104,000. Farmers & Merchants Trust Co of Chambersburg PA purchased a new stake in shares of Southern during the 3rd quarter worth $105,000. Monroe Bank & Trust MI boosted its position in shares of Southern by 17.9% during the 2nd 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 in the last quarter. AlphaMark Advisors LLC boosted its position in shares of Southern by 0.6% during the 2nd quarter. AlphaMark Advisors LLC now owns 2,363 shares of the utilities provider’s stock worth $113,000 after purchasing an additional 14 shares in the last quarter. Finally, Fieldpoint Private Securities LLC purchased a new stake in shares of Southern during the 3rd quarter worth $118,000. 53.72% of the stock is currently owned by institutional investors and hedge funds.
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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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