Southern (NYSE:SO) had its price objective raised by investment analysts at Morgan Stanley from $44.00 to $45.00 in a note issued to investors on Monday. The firm presently has an “underweight” rating on the utilities provider’s stock. Morgan Stanley’s target price points to a potential upside of 1.42% from the stock’s previous close.
Other equities research analysts have also recently issued research reports about the company. Mizuho reiterated a “buy” rating and set a $52.00 target price on shares of Southern in a report on Tuesday, December 26th. Royal Bank of Canada reiterated a “buy” rating on shares of Southern in a report on Friday, December 22nd. Guggenheim reiterated a “buy” rating and set a $52.00 target price on shares of Southern in a report on Wednesday, January 3rd. Deutsche Bank lowered their target price on Southern from $50.00 to $49.00 and set a “buy” rating on the stock in a report on Thursday, February 22nd. Finally, TheStreet cut Southern from a “b-” rating to a “c” rating in a report on Monday, March 26th. Seven research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $49.17.
NYSE:SO traded up $0.43 during trading hours on Monday, reaching $44.37. 779,056 shares of the company traded hands, compared to its average volume of 7,032,213. The stock has a market cap of $44,298.50, a PE ratio of 14.71, a price-to-earnings-growth ratio of 3.36 and a beta of 0.02. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.59 and a current ratio of 0.74. Southern has a 1-year low of $42.38 and a 1-year high of $53.51.
Southern (NYSE:SO) last announced its earnings results on Wednesday, February 21st. The utilities provider reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.05. The firm had revenue of $5.63 billion for the quarter, compared to analysts’ expectations of $5.17 billion. Southern had a return on equity of 11.96% and a net margin of 3.82%. Southern’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.24 EPS. equities research analysts predict that Southern will post 2.91 earnings per share for the current fiscal year.
Institutional investors have recently modified their holdings of the business. Mcmillion Capital Management Inc. raised its position in shares of Southern by 7.7% in the 3rd quarter. Mcmillion Capital Management Inc. now owns 13,995 shares of the utilities provider’s stock worth $688,000 after buying an additional 1,000 shares during the period. BB&T Investment Services Inc. raised its position in shares of Southern by 10.8% in the 3rd quarter. BB&T Investment Services Inc. now owns 10,730 shares of the utilities provider’s stock worth $547,000 after buying an additional 1,044 shares during the period. Rocky Mountain Advisers LLC raised its position in shares of Southern by 6.4% in the 3rd quarter. Rocky Mountain Advisers LLC now owns 19,109 shares of the utilities provider’s stock worth $939,000 after buying an additional 1,150 shares during the period. Stonebridge Capital Advisors LLC raised its position in shares of Southern by 22.4% in the 3rd quarter. Stonebridge Capital Advisors LLC now owns 6,321 shares of the utilities provider’s stock worth $311,000 after buying an additional 1,158 shares during the period. Finally, Benjamin F. Edwards & Company Inc. raised its position in shares of Southern by 5.2% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 23,442 shares of the utilities provider’s stock worth $1,127,000 after buying an additional 1,160 shares during the period. 56.39% of the stock is currently owned by institutional investors.
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The Southern Company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity. The company also constructs, acquires, owns, and manages power generation assets, including renewable energy facilities and sells electricity in the wholesale market; and distributes natural gas in Illinois, Georgia, Virginia, New Jersey, Florida, Tennessee, and Maryland, as well as provides gas marketing services, wholesale gas services, and gas midstream operations.
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