Analysts See $0.70 EPS for Southern Co (SO)

July 18, 2017 - By Linda Rogers

 Analysts See $0.70 EPS for Southern Co (SO)
Investors sentiment decreased to 1.12 in 2016 Q4. Its down 0.05, from 1.17 in 2016Q3. It dived, 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.
Public Sector Pension Investment Board has invested 0.1% in Southern Co (NYSE:SO). Schroder Inv Gru has 0.02% invested in Southern Co (NYSE:SO). Symphony Asset Management Ltd Llc holds 0.11% of its portfolio in Southern Co (NYSE:SO) for 22,141 shares. Duncker Streett And Co Incorporated stated it has 14,959 shares or 0.24% of all its holdings. Automobile Association stated it has 0.11% in Southern Co (NYSE:SO). Juncture Wealth Strategies Limited Liability holds 25,138 shares. Phocas Financial stated it has 0.37% in Southern Co (NYSE:SO). 113,216 were reported by Lodestar Invest Counsel Llc Il. Zimmer Ptnrs Limited Partnership accumulated 0.78% or 499,900 shares. Tru Of Toledo Na Oh invested in 0.12% or 8,393 shares. 1,441 were accumulated by Lba Wealth Mgmt Ltd Limited Liability Company. Great West Life Assurance Communication Can holds 0.28% or 2.02 million shares. Concert Wealth Mngmt holds 10,998 shares. Welch Grp Inc Limited Liability Com reported 296,051 shares. 21,296 were reported by Charter Tru Communication.

Since May 5, 2017, it had 0 insider purchases, and 4 sales for $7.40 million activity. Shares for $256,400 were sold by Daiss Ann P. $3.43 million worth of stock was sold by Kerr – II James Y on Friday, May 5. Lantrip Mark sold $1.29M worth of stock.

Investors wait Southern Co (NYSE:SO) to report on July, 26. its quarterly earnings Wall Street analysts expect $0.70 earnings per share, down $0.04 or 5.41 % from last year’s $0.74 same quarter earnings. This translates into $698.66M profit for SO giving the stock a 16.80 P/E. This is assuming the current $0.70 EPS is accurate. Southern Co’s Wall Street analysts see 6.06 % EPS growth, taking into account the $0.66 EPS reproted in the previous quarter, The stock decreased 0.45% or $0.22 during the last trading session, reaching $47.04. About 5.19M shares traded or 17.42% up from the average. Southern Co (NYSE:SO) has risen 2.49% since July 18, 2016 and is uptrending. It has underperformed by 14.21% the S&P500.

Southern Co (NYSE:SO) Ratings Coverage

Among 15 analysts covering The Southern Company (NYSE:SO), 2 have Buy rating, 3 Sell and 10 Hold. Therefore 13% are positive. The Southern Company had 30 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Southern Co (NYSE:SO) has “Sector Perform” rating given on Friday, May 13 by Scotia Capital. The firm has “Buy” rating given on Thursday, April 13 by Jefferies. As per Wednesday, June 28, the company rating was maintained by RBC Capital Markets. The stock of Southern Co (NYSE:SO) earned “Neutral” rating by Goldman Sachs on Thursday, July 14. Jefferies maintained the stock with “Buy” rating in Tuesday, June 6 report. As per Thursday, July 14, the company rating was upgraded by Barclays Capital. Credit Suisse initiated the shares of SO in report on Wednesday, January 25 with “Underperform” rating. The firm has “Sell” rating by Citigroup given on Thursday, December 15. The rating was maintained by SunTrust with “Neutral” on Monday, October 19. The stock of Southern Co (NYSE:SO) has “Sector Perform” rating given on Friday, May 13 by Howard Weil.

The Southern Company is a holding company. The company has market cap of $46.95 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 17.48 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: Prnewswire.com which released: “Southern Company building the future of energy with new battery storage …” on July 12, 2017, also Prnewswire.com with their article: “Southern Company announces quarterly dividend” published on July 17, 2017, Forbes.com published: “Southern Co.’s Advanced Coal Plant Is Rescued By Natural Gas” on July 03, 2017. More interesting news about Southern Co (NYSE:SO) were released by: Bizjournals.com and their article: “Mississippi about to pull plug on Southern Co.’s Plant Kemper” published on June 22, 2017 as well as Seekingalpha.com‘s news article titled: “Southern Co. can overcome two problem projects, analysts say” with publication date: July 11, 2017.

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