The stock of Southern Co (NYSE:SO) is a huge mover today! About 1.78M shares traded hands. Southern Co (NYSE:SO) has declined 0.30% since March 9, 2016 and is downtrending. It has underperformed by 7.72% the S&P500.
The move comes after 8 months positive chart setup for the $48.44 billion company. It was reported on Oct, 12 by Barchart.com. We have $74.75 PT which if reached, will make NYSE:SO worth $24.22B more.
Analysts await Southern Co (NYSE:SO) to report earnings on October, 26. They expect $1.16 earnings per share, down 0.85% or $0.01 from last year’s $1.17 per share. SO’s profit will be $1.13B for 10.74 P/E if the $1.16 EPS becomes a reality. After $0.74 actual earnings per share reported by Southern Co for the previous quarter, Wall Street now forecasts 56.76% EPS growth.
Southern Co (NYSE:SO) Ratings Coverage
Out of 9 analysts covering The Southern Company (NYSE:SO), 1 rate it a “Buy”, 0 “Sell”, while 8 “Hold”. This means 11% are positive. The Southern Company has been the topic of 19 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Goldman Sachs maintained it with “Neutral” rating and $54 target price in Thursday, July 14 report. The rating was maintained by SunTrust with “Neutral” on Monday, October 19. The stock has “Hold” rating given by Zacks on Sunday, August 16. The firm has “Overweight” rating given on Thursday, July 14 by Barclays Capital. The stock has “Neutral” rating given by SunTrust on Monday, September 26. The firm earned “Sector Perform” rating on Friday, May 13 by Howard Weil. The firm has “Sector Perform” rating given on Friday, May 13 by Scotia Capital.
According to Zacks Investment Research, “Southern Energy acquires, develops, builds, owns and operates power production and delivery facilities and provides a broad range of energy-related services to utilities and industrial companies in selected countries around the world. Southern Energy businesses include independent power projects, integrated utilities, a distribution company, and energy trading and marketing businesses outside the southeastern United States.”
Insitutional Activity: The institutional sentiment decreased to 1.33 in 2016 Q2. Its down 0.11, from 1.44 in 2016Q1. The ratio worsened, as 51 funds sold all Southern Co shares owned while 319 reduced positions. 75 funds bought stakes while 416 increased positions. They now own 460.78 million shares or 0.44% more from 458.75 million shares in 2016Q1.
Highstreet Asset Management Inc accumulated 0.62% or 33,177 shares. Boulegeris Inc has 0.32% invested in the company for 8,715 shares. Dt Inv Prns Ltd Company has 19,583 shares for 0.29% of their US portfolio. Charter last reported 21,909 shares in the company. Smith Chas P & Associates Pa Cpas last reported 0.08% of its portfolio in the stock. Guardian Trust Commerce has invested 0.01% of its portfolio in Southern Co (NYSE:SO). Capital One National Association owns 4,546 shares or 0.02% of their US portfolio. Bridgecreek Mngmt Ltd Liability Corp holds 2.23% of its portfolio in Southern Co (NYSE:SO) for 135,430 shares. Cape Cod Five Cents Bancorp has 0.33% invested in the company for 33,168 shares. Coastline Tru accumulated 0.2% or 18,650 shares. Lowe Brockenbrough Company Inc has 6,061 shares for 0.06% of their US portfolio. Renaissance Techs Limited Liability Corp has 995,300 shares for 0.1% of their US portfolio. Pettyjohn Wood White owns 50,058 shares or 1.06% of their US portfolio. Trust Department Mb Fincl Bank N A accumulated 0% or 755 shares. Advsr Inc Ok has invested 0% of its portfolio in Southern Co (NYSE:SO).
Insider Transactions: Since April 29, 2016, the stock had 0 insider purchases, and 12 sales for $53.23 million net activity. 75,000 Southern Co (NYSE:SO) shares with value of $3.78M were sold by Kuczynski Stephen E. The insider BEATTIE ART P sold $3.32 million. WOMACK CHRISTOPHER C had sold 101,022 shares worth $5.05M. Daiss Ann P had sold 7,000 shares worth $372,960. Shares for $773,570 were sold by Connally Stan W on Monday, August 1. Shares for $1.94 million were sold by Lantrip Mark. 167,273 shares were sold by Crosswhite Mark A., worth $8.92 million on Thursday, July 28.
More recent Southern Co (NYSE:SO) news were published by: Prnewswire.com which released: “Southern Company third-quarter earnings to be released October 31” on October 06, 2016. Also Bloomberg.com published the news titled: “Options Insight: How to Play Southern Co.” on September 27, 2016. Seekingalpha.com‘s news article titled: “Southern Co.: Overvaluation No Cause For Concern” with publication date: September 29, 2016 was also an interesting one.
SO Company Profile
The Southern Company (Southern Company), incorporated on November 9, 1945, is a holding company. The Firm owns all of the stock of the traditional operating companies and Southern Power Company (Southern Power), and owns other direct and indirect subsidiaries. Southern Company’s divisions include the sale of electricity by four traditional operating companies, Southern Power and All Other. The traditional operating companies, including Alabama Power Company (Alabama Power), Georgia Power Company (Georgia Power), Gulf Power Company (Gulf Power) and Mississippi Power Company (Mississippi Power), are vertically integrated utilities providing electric service in over four Southeastern states. Southern Company owns all of the membership interests of Southern Communications Services, Inc. (SouthernLINC Wireless), Southern Nuclear Operating Company, Inc. (Southern Nuclear), Southern Company Services, Inc. (SCS), Southern Company Holdings, Inc. (Southern Holdings), and other direct and indirect subsidiaries. The Company’s subsidiary also includes PowerSecure International, Inc.
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