Shares of Southern Co (NYSE:SO) have been given a consensus recommendation of “Hold” by the twenty-one ratings firms that are currently covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and six have given a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $49.27.
A number of brokerages recently issued reports on SO. Zacks Investment Research raised Southern from a “sell” rating to a “hold” rating in a report on Friday, November 3rd. Bank of America reissued an “underperform” rating and issued a $51.00 price objective on shares of Southern in a report on Tuesday, October 24th. Mizuho reissued a “buy” rating and issued a $55.00 price objective on shares of Southern in a report on Friday, December 8th. Royal Bank of Canada reissued a “buy” rating on shares of Southern in a report on Friday, December 22nd. Finally, SunTrust Banks reissued a “hold” rating and issued a $50.00 price objective on shares of Southern in a report on Tuesday, December 26th.
Shares of Southern (SO) traded down $0.63 on Wednesday, reaching $43.93. The company had a trading volume of 7,861,100 shares, compared to its average volume of 8,407,660. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.73 and a quick ratio of 0.57. The firm has a market capitalization of $44,089.38, a P/E ratio of 78.45, a price-to-earnings-growth ratio of 3.26 and a beta of 0.03. Southern has a 52-week low of $42.63 and a 52-week high of $53.51.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 6th. Shareholders of record on Tuesday, February 20th will be given a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 5.28%. The ex-dividend date of this dividend is Friday, February 16th. Southern’s payout ratio is 414.29%.
A number of large investors have recently added to or reduced their stakes in the business. Nichols & Pratt Advisers LLP MA boosted its stake in shares of Southern by 1.1% during the second quarter. Nichols & Pratt Advisers LLP MA now owns 190,472 shares of the utilities provider’s stock valued at $9,120,000 after acquiring an additional 2,050 shares during the last quarter. QCI Asset Management Inc. NY boosted its stake in shares of Southern by 7.0% during the second quarter. QCI Asset Management Inc. NY now owns 180,543 shares of the utilities provider’s stock valued at $8,644,000 after acquiring an additional 11,854 shares during the last quarter. Boulegeris Investments Inc. boosted its stake in shares of Southern by 2.8% during the second quarter. Boulegeris Investments Inc. now owns 12,655 shares of the utilities provider’s stock valued at $606,000 after acquiring an additional 350 shares during the last quarter. Sullivan Bruyette Speros & Blaney LLC boosted its stake in shares of Southern by 0.9% during the second quarter. Sullivan Bruyette Speros & Blaney LLC now owns 11,598 shares of the utilities provider’s stock valued at $555,000 after acquiring an additional 101 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of Southern by 2.3% during the second quarter. Principal Financial Group Inc. now owns 1,429,786 shares of the utilities provider’s stock valued at $68,458,000 after acquiring an additional 31,878 shares during the last quarter. Hedge funds and other institutional investors own 53.87% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: “Southern Co (SO) Receives Consensus Rating of “Hold” from Brokerages” was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this piece on another site, it was illegally copied and republished in violation of international copyright and trademark laws. The correct version of this piece can be read at https://www.dispatchtribunal.com/2018/02/19/southern-co-so-receives-consensus-rating-of-hold-from-brokerages.html.
Southern Company Profile
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.
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.