Southern Co (NYSE:SO): Jefferies Keeps Buy Rating Today, Has a Target of $56.5/Share

September 17, 2017 - By Louis Casey

 Southern Co (NYSE:SO): Jefferies Keeps Buy Rating Today, Has a Target of $56.5/Share

Investors sentiment decreased to 1.12 in 2016 Q4. Its down 0.05, from 1.17 in 2016Q3. It fall, 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.

Greylin Investment Mangement owns 6,862 shares for 0.08% of their portfolio. Zimmer Prns Lp has 499,900 shares for 0.78% of their portfolio. Asset Mngmt Of Georgia Incorporated Ga Adv invested 0.31% in Southern Co (NYSE:SO). Cape Cod Five Cents Savings Bank holds 24,867 shares. Keystone Financial Planning Incorporated has 7,169 shares for 0.23% of their portfolio. Prudential Fincl owns 1.39 million shares. Renaissance Technologies Limited Liability reported 1.58M shares. Kings Point Capital Management owns 0.05% invested in Southern Co (NYSE:SO) for 4,485 shares. Edge Wealth Mngmt Limited Liability Co owns 120 shares. Lord Abbett & Ltd Limited Liability Company has invested 0.03% of its portfolio in Southern Co (NYSE:SO). Roof Eidam And Maycock Adv has invested 0.71% in Southern Co (NYSE:SO). Rfg Advisory Grp Limited Liability Corp has invested 2.03% in Southern Co (NYSE:SO). Eads & Heald Inv Counsel holds 19,360 shares or 0.65% of its portfolio. Axa stated it has 0.22% in Southern Co (NYSE:SO). Lakeview Cap Prtnrs Ltd Company reported 37,642 shares.

Since May 5, 2017, it had 0 buys, and 4 insider sales for $7.40 million activity. 68,609 shares valued at $3.43 million were sold by Kerr – II James Y on Friday, May 5. $1.29M worth of stock was sold by Lantrip Mark on Wednesday, June 14. Shares for $2.42 million were sold by BEATTIE ART P on Wednesday, June 14.

Southern Co (NYSE:SO) Rating Reaffirmed

Jefferies now has a $56.5 target price on the $50.61B market cap company or 11.57 % upside potential. In an analyst report shared with investors on Tuesday, 12 September, Southern Co (NYSE:SO) shares have had their Buy Rating restate by research analysts at Jefferies.

Investors sentiment decreased to 1.12 in 2016 Q4. Its down 0.05, from 1.17 in 2016Q3. It fall, 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.

Greylin Investment Mangement owns 6,862 shares for 0.08% of their portfolio. Zimmer Prns Lp has 499,900 shares for 0.78% of their portfolio. Asset Mngmt Of Georgia Incorporated Ga Adv invested 0.31% in Southern Co (NYSE:SO). Cape Cod Five Cents Savings Bank holds 24,867 shares. Keystone Financial Planning Incorporated has 7,169 shares for 0.23% of their portfolio. Prudential Fincl owns 1.39 million shares. Renaissance Technologies Limited Liability reported 1.58M shares. Kings Point Capital Management owns 0.05% invested in Southern Co (NYSE:SO) for 4,485 shares. Edge Wealth Mngmt Limited Liability Co owns 120 shares. Lord Abbett & Ltd Limited Liability Company has invested 0.03% of its portfolio in Southern Co (NYSE:SO). Roof Eidam And Maycock Adv has invested 0.71% in Southern Co (NYSE:SO). Rfg Advisory Grp Limited Liability Corp has invested 2.03% in Southern Co (NYSE:SO). Eads & Heald Inv Counsel holds 19,360 shares or 0.65% of its portfolio. Axa stated it has 0.22% in Southern Co (NYSE:SO). Lakeview Cap Prtnrs Ltd Company reported 37,642 shares.

Since May 5, 2017, it had 0 buys, and 4 insider sales for $7.40 million activity. 68,609 shares valued at $3.43 million were sold by Kerr – II James Y on Friday, May 5. $1.29M worth of stock was sold by Lantrip Mark on Wednesday, June 14. Shares for $2.42 million were sold by BEATTIE ART P on Wednesday, June 14.

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. Jefferies maintained Southern Co (NYSE:SO) rating on Wednesday, August 30. Jefferies has “Buy” rating and $55.0 target. The firm has “Buy” rating given on Friday, March 3 by Jefferies. Zacks upgraded Southern Co (NYSE:SO) on Sunday, August 16 to “Hold” rating. The firm has “Hold” rating by RBC Capital Markets given on Sunday, September 3. The firm has “Buy” rating by Jefferies given on Tuesday, September 12. Citigroup initiated the stock with “Sell” rating in Thursday, December 15 report. The stock of Southern Co (NYSE:SO) earned “Hold” rating by BMO Capital Markets on Friday, March 31. RBC Capital Markets maintained the stock with “Hold” rating in Sunday, July 30 report. Jefferies maintained it with “Buy” rating and $5500 target in Tuesday, June 6 report. SunTrust maintained the shares of SO in report on Monday, September 26 with “Neutral” 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.

Analysts await Southern Co (NYSE:SO) to report earnings on October, 30. They expect $1.15 EPS, down 10.16 % or $0.13 from last year’s $1.28 per share. SO’s profit will be $1.15 billion for 11.01 P/E if the $1.15 EPS becomes a reality. After $0.73 actual EPS reported by Southern Co for the previous quarter, Wall Street now forecasts 57.53 % EPS growth.

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 (SO) to Move Ahead With Vogtle Project” on September 05, 2017, also Seekingalpha.com with their article: “Southern Company Justifies Stockholders’ Faith Despite Plant Vogtle” published on August 29, 2017, Seekingalpha.com published: “Southern Company: Is Deliverance Near?” on August 18, 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 Nasdaq.com‘s news article titled: “Southern Company Vogtle Project Requires More Loan Guarantee” with publication date: August 30, 2017.

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