Are Analysts Bullish The Southern Company (NYSE:SO) After Last Week?

May 22, 2018 - By Dolores Ford

The Southern Company (NYSE:SO) LogoInvestors sentiment increased to 1.1 in 2017 Q4. Its up 0.10, from 1 in 2017Q3. It improved, as 56 investors sold The Southern Company shares while 329 reduced holdings. 75 funds opened positions while 350 raised stakes. 548.17 million shares or 4.36% more from 525.28 million shares in 2017Q3 were reported.
Texan stated it has 0.23% of its portfolio in The Southern Company (NYSE:SO). Madison Investment stated it has 9,390 shares. Focused Wealth Management Incorporated reported 0.03% of its portfolio in The Southern Company (NYSE:SO). 8,315 were accumulated by Cedar Hill Lc. First Fin Retail Bank reported 8,887 shares or 0.07% of all its holdings. Perkins Coie Commerce, Washington-based fund reported 1,420 shares. Fort Washington Investment Incorporated Oh has invested 0.01% in The Southern Company (NYSE:SO). Baxter Bros invested in 4,700 shares. Moreover, Piedmont Invest Advsr Ltd Co has 0.21% invested in The Southern Company (NYSE:SO) for 214,289 shares. Moreover, Girard Ptnrs Limited has 0.06% invested in The Southern Company (NYSE:SO) for 6,302 shares. Rench Wealth Mgmt Incorporated has 1.6% invested in The Southern Company (NYSE:SO) for 51,116 shares. Moreover, Beck Mack & Oliver Lc has 0.02% invested in The Southern Company (NYSE:SO) for 12,200 shares. Jfs Wealth Advsr reported 0.02% stake. Eagle Asset Mgmt has 70,537 shares. Mackenzie Finance Corporation reported 16,352 shares.

The Southern Company (NYSE:SO) Ratings Coverage

Among 9 analysts covering Southern Co (NYSE:SO), 2 have Buy rating, 3 Sell and 4 Hold. Therefore 22% are positive. Southern Co had 29 analyst reports since December 6, 2017 according to SRatingsIntel. Deutsche Bank maintained it with “Buy” rating and $49 target in Thursday, February 22 report. Mizuho downgraded The Southern Company (NYSE:SO) on Tuesday, January 23 to “Neutral” rating. The stock has “Hold” rating by SunTrust on Friday, February 23. As per Monday, March 5, the company rating was maintained by SunTrust. SunTrust maintained it with “Hold” rating and $46.0 target in Monday, March 19 report. The stock has “Underweight” rating by Morgan Stanley on Monday, April 16. As per Monday, March 26, the company rating was maintained by SunTrust. The firm earned “Buy” rating on Friday, December 8 by Mizuho. The stock has “Hold” rating by SunTrust on Monday, April 16. As per Tuesday, April 10, the company rating was maintained by JP Morgan. Below is a list of The Southern Company (NYSE:SO) latest ratings and price target changes.

07/05/2018 Broker: Credit Suisse Old Rating: Neutral New Rating: Neutral Old Target: $45 New Target: $46 Maintain
23/04/2018 Broker: SunTrust Rating: Hold New Target: $46.0000 Maintain
16/04/2018 Broker: SunTrust Rating: Hold New Target: $45.0000 Maintain
16/04/2018 Broker: Morgan Stanley Old Rating: Underweight New Rating: Underweight Old Target: $44 New Target: $45 Maintain
10/04/2018 Broker: JP Morgan Old Rating: Underweight New Rating: Underweight Old Target: $43 New Target: $45 Maintain
09/04/2018 Broker: SunTrust Rating: Hold New Target: $47.0000 Maintain
02/04/2018 Broker: SunTrust Rating: Hold New Target: $46.0000 Maintain
26/03/2018 Broker: SunTrust Rating: Hold New Target: $45.0000 Maintain
19/03/2018 Broker: SunTrust Rating: Hold New Target: $46.0 Maintain
08/03/2018 Broker: Morgan Stanley Old Rating: Underweight New Rating: Underweight Old Target: $45 New Target: $44 Maintain

The stock increased 0.43% or $0.185 during the last trading session, reaching $43.625. About 2.15M shares traded. The Southern Company (NYSE:SO) has declined 11.47% since May 22, 2017 and is downtrending. It has underperformed by 23.02% the S&P500.

The Southern Company, together with its subsidiaries, engages in the generation, transmission, and distribution of electricity. The company has market cap of $44.13 billion. The firm also constructs, acquires, owns, and manages power generation assets, including renewable energy projects; sells electricity in the wholesale market; and distributes natural gas in seven states, as well as provides gas marketing services, wholesale gas services, and gas midstream operations. It has a 51.93 P/E ratio. It owns/operates 33 hydroelectric generating stations, 29 fossil fuel generating stations, 3 nuclear generating stations, 14 combined cycle/cogeneration stations, 33 solar facilities, 9 wind facilities, 1 biomass facility, and 1 landfill gas facility.

More important recent The Southern Company (NYSE:SO) news were published by: Bizjournals.com which released: “7 things to know today and study finds Orlando has plenty of vacant land for growth” on May 22, 2018, also Seekingalpha.com published article titled: “Southern Company Is Offering An Almost 8-Year High Dividend Yield”, Seekingalpha.com published: “Valeant Pharmaceuticals Can Still Go Higher – Cramer’s Lightning Round (5/21/18)” on May 22, 2018. More interesting news about The Southern Company (NYSE:SO) was released by: Streetinsider.com and their article: “Southern Co. (SO) Reports Sale of Certain Florida Assets to NextEra Energy (NEE) for About $6.48 Billion” with publication date: May 21, 2018.

The Southern Company (NYSE:SO) Institutional Positions Chart

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