New York: Southern Co (NYSE:SO) Stock Has Just Had Its “Buy” Rating Reiterated by Jefferies. Shares now Have a $56.5 Target

September 17, 2017 - By Marie Mckinney

 New York: Southern Co (NYSE:SO) Stock Has Just Had Its

Investors sentiment decreased to 1.12 in Q4 2016. Its down 0.05, from 1.17 in 2016Q3. It is negative, as 64 investors sold Southern Co shares while 341 reduced holdings. 81 funds opened positions while 371 raised stakes. 505.09 million shares or 5.13% more from 480.44 million shares in 2016Q3 were reported.

Massmutual Fsb Adv holds 38,669 shares. Moreover, Highlander Capital Mngmt Limited Liability Company has 0.01% invested in Southern Co (NYSE:SO) for 320 shares. Federated Pa stated it has 2.23% of its portfolio in Southern Co (NYSE:SO). 5,313 are held by Parkwood Lc. Stock Yards National Bank & Co holds 0.16% or 25,539 shares. Capstone Investment Limited Liability holds 0.13% or 82,941 shares. 1,973 were accumulated by Acropolis Invest Mgmt Limited Liability Company. Forte Cap Limited Com Adv stated it has 0.2% in Southern Co (NYSE:SO). Moreover, Nuveen Asset Mngmt Ltd Liability Corporation has 0.06% invested in Southern Co (NYSE:SO). Moreover, Eads Heald Investment Counsel has 0.65% invested in Southern Co (NYSE:SO) for 19,360 shares. Argent holds 0.24% or 11,196 shares. X Mgmt Ltd Company holds 0.33% or 150,465 shares in its portfolio. Charter, New Hampshire-based fund reported 21,296 shares. Blackrock accumulated 2.03M shares. Of Vermont reported 37,972 shares.

Since May 5, 2017, it had 0 insider purchases, and 4 sales for $7.40 million activity. Lantrip Mark sold $1.29M worth of stock or 25,000 shares. Another trade for 68,609 shares valued at $3.43 million was sold by Kerr – II James Y. Another trade for 46,940 shares valued at $2.42 million was sold by BEATTIE ART P.

Southern Co (NYSE:SO) Rating Reaffirmed

Jefferies now has a $56.5 target on shares of Southern Co (NYSE:SO). The target suggests a potential upside of 11.57 % from the current price of Southern Co (NYSE:SO). This rating was disclosed in a research report on Tuesday, 12 September.

Investors sentiment decreased to 1.12 in Q4 2016. Its down 0.05, from 1.17 in 2016Q3. It is negative, as 64 investors sold Southern Co shares while 341 reduced holdings. 81 funds opened positions while 371 raised stakes. 505.09 million shares or 5.13% more from 480.44 million shares in 2016Q3 were reported.

Massmutual Fsb Adv holds 38,669 shares. Moreover, Highlander Capital Mngmt Limited Liability Company has 0.01% invested in Southern Co (NYSE:SO) for 320 shares. Federated Pa stated it has 2.23% of its portfolio in Southern Co (NYSE:SO). 5,313 are held by Parkwood Lc. Stock Yards National Bank & Co holds 0.16% or 25,539 shares. Capstone Investment Limited Liability holds 0.13% or 82,941 shares. 1,973 were accumulated by Acropolis Invest Mgmt Limited Liability Company. Forte Cap Limited Com Adv stated it has 0.2% in Southern Co (NYSE:SO). Moreover, Nuveen Asset Mngmt Ltd Liability Corporation has 0.06% invested in Southern Co (NYSE:SO). Moreover, Eads Heald Investment Counsel has 0.65% invested in Southern Co (NYSE:SO) for 19,360 shares. Argent holds 0.24% or 11,196 shares. X Mgmt Ltd Company holds 0.33% or 150,465 shares in its portfolio. Charter, New Hampshire-based fund reported 21,296 shares. Blackrock accumulated 2.03M shares. Of Vermont reported 37,972 shares.

Since May 5, 2017, it had 0 insider purchases, and 4 sales for $7.40 million activity. Lantrip Mark sold $1.29M worth of stock or 25,000 shares. Another trade for 68,609 shares valued at $3.43 million was sold by Kerr – II James Y. Another trade for 46,940 shares valued at $2.42 million was sold by BEATTIE ART P.

Southern Co (NYSE:SO) Ratings Coverage

Among 16 analysts covering The Southern Company (NYSE:SO), 4 have Buy rating, 3 Sell and 9 Hold. Therefore 25% are positive. The Southern Company has $62 highest and $43 lowest target. $51.04’s average target is 0.79% above currents $50.64 stock price. The Southern Company had 40 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Southern Co (NYSE:SO) earned “Buy” rating by Jefferies on Thursday, April 13. Barclays Capital upgraded the stock to “Overweight” rating in Thursday, July 14 report. BMO Capital Markets maintained the stock with “Hold” rating in Wednesday, August 2 report. Goldman Sachs maintained Southern Co (NYSE:SO) rating on Thursday, July 14. Goldman Sachs has “Neutral” rating and $54 target. The firm has “Buy” rating by Guggenheim given on Thursday, September 14. Morgan Stanley maintained Southern Co (NYSE:SO) rating on Thursday, August 10. Morgan Stanley has “Underweight” rating and $50 target. On Friday, March 31 the stock rating was maintained by BMO Capital Markets with “Hold”. The stock of Southern Co (NYSE:SO) has “Sector Perform” rating given on Friday, May 13 by Scotia Capital. On Sunday, July 30 the stock rating was maintained by RBC Capital Markets with “Hold”. RBC Capital Markets maintained Southern Co (NYSE:SO) on Sunday, September 3 with “Hold” rating.

The stock increased 0.48% or $0.24 on September 15, reaching $50.64. About 7.24M shares traded or 62.33% up from the average. Southern Co (NYSE:SO) has risen 2.49% since September 17, 2016 and is uptrending. It has underperformed by 14.21% the S&P500.

Investors wait Southern Co (NYSE:SO) to report on October, 30. its quarterly earnings Wall Street analysts expect $1.15 earnings per share, down $0.13 or 10.16 % from last year’s $1.28 same quarter earnings. This translates into $1.15 billion profit for SO giving the stock a 11.01 P/E. This is assuming the current $1.15 EPS is accurate. Southern Co’s Wall Street analysts see 57.53 % EPS growth, taking into account the $0.73 EPS reproted in the previous quarter,

The Southern Company is a holding company. The company has market cap of $50.61 billion. The Firm 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. It has a 77.21 P/E ratio. The Company’s divisions include Gas distribution operations, Gas marketing services, Wholesale gas services, Gas midstream activities and All other.

More notable recent Southern Co (NYSE:SO) news were published by: Nasdaq.com which released: “Southern Company Vogtle Project Requires More Loan Guarantee” on August 30, 2017, also Seekingalpha.com with their article: “Southern Company: Is Deliverance Near?” published on August 18, 2017, Seekingalpha.com published: “Southern Company Justifies Stockholders’ Faith Despite Plant Vogtle” on August 29, 2017. More interesting news about Southern Co (NYSE:SO) were released by: Streetinsider.com and their article: “Guggenheim Upgrades Southern Co. (SO) to Buy” published on September 14, 2017 as well as Bizjournals.com‘s news article titled: “TOUR Championship partners Southern Co., Coca-Cola offering new event perks” with publication date: August 31, 2017.

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