2 weeks Ago By ABMN Staff
Southern ( NYSE:SO – Get Free Report ) had its target price boosted by research analysts at Bank of America from $86.00 to $87.00 in a research note issued to investors on Thursday, Benzinga reports.
The brokerage currently has a “neutral” rating on the utilities provider’s stock. Bank of America ‘s price target points to a potential upside of 0.69% from the stock’s previous close.
A number of other research firms have also commented on SO. Wolfe Research lowered shares of Southern from an “outperform” rating to a “peer perform” rating in a research note on Friday, August 2nd. The Goldman Sachs Group boosted their price target on Southern from $83.
00 to $94.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Morgan Stanley increased their price objective on Southern from $72.
00 to $78.00 and gave the stock an “equal weight” rating in a research report on Friday, August 23rd. Barclays boosted their target price on Southern from $66.
00 to $71.00 and gave the company an “equal weight” rating in a report on Tuesday, July 9th. Finally, BMO Capital Markets increased their price target on Southern from $87.
00 to $94.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company’s stock.
According to data from MarketBeat, Southern has a consensus rating of “Hold” and a consensus price target of $83.71. Get Our Latest Analysis on Southern Southern Stock Up 0.
7 % Southern ( NYSE:SO – Get Free Report ) last issued its quarterly earnings data on Thursday, August 1st. The utilities provider reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.
91 by $0.19. The company had revenue of $6.
46 billion during the quarter, compared to analysts’ expectations of $6.10 billion. Southern had a return on equity of 12.
88% and a net margin of 17.67%. The firm’s revenue for the quarter was up 12.
4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.79 earnings per share.
Equities research analysts expect that Southern will post 4.01 earnings per share for the current year. Insider Transactions at Southern In related news, EVP Sterling A.
Jr. Spainhour sold 2,380 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $88.
99, for a total value of $211,796.20. Following the completion of the sale, the executive vice president now owns 12,500 shares in the company, valued at $1,112,375.
The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website . In other Southern news, EVP Sterling A. Jr.
Spainhour sold 2,380 shares of the business’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $88.99, for a total transaction of $211,796.
20. Following the sale, the executive vice president now directly owns 12,500 shares in the company, valued at $1,112,375. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website .
Also, EVP Sloane N. Drake sold 12,000 shares of the business’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $77.
61, for a total transaction of $931,320.00. Following the completion of the sale, the executive vice president now owns 16,771 shares in the company, valued at $1,301,597.
31. The disclosure for this sale can be found here . Insiders have sold a total of 21,280 shares of company stock valued at $1,678,625 in the last ninety days.
0.18% of the stock is currently owned by company insiders. Institutional Investors Weigh In On Southern A number of large investors have recently bought and sold shares of the stock.
Voisard Asset Management Group Inc. acquired a new stake in shares of Southern during the fourth quarter valued at $31,000. Scarborough Advisors LLC acquired a new stake in shares of Southern during the 4th quarter worth about $31,000.
Versant Capital Management Inc grew its holdings in shares of Southern by 62.0% during the first quarter. Versant Capital Management Inc now owns 444 shares of the utilities provider’s stock worth $32,000 after buying an additional 170 shares in the last quarter.
Financial Synergies Wealth Advisors Inc. raised its position in shares of Southern by 3,628.6% in the first quarter.
Financial Synergies Wealth Advisors Inc. now owns 522 shares of the utilities provider’s stock valued at $37,000 after buying an additional 508 shares during the last quarter. Finally, Cassady Schiller Wealth Management LLC lifted its stake in shares of Southern by 46.
3% during the fourth quarter. Cassady Schiller Wealth Management LLC now owns 556 shares of the utilities provider’s stock valued at $39,000 after buying an additional 176 shares during the period. Institutional investors and hedge funds own 64.
10% of the company’s stock. About Southern ( Get Free Report ) The Southern Company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity. The company also develops, constructs, acquires, owns, and manages power generation assets, including renewable energy projects and sells electricity in the wholesale market; and distributes natural gas in Illinois, Georgia, Virginia, and Tennessee, as well as provides gas marketing services, gas distribution operations, and gas pipeline investments operations.
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