In today’s session Southern Co (SO) registered an unusually high (798) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious SO increase. With 798 contracts traded and 19714 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: SO161118C00050000 closed last at: $1.14 or 30.9% down. About 3.00M shares traded hands. Southern Co (NYSE:SO) has risen 2.76% since March 3, 2016 and is uptrending. It has underperformed by 5.58% the S&P500.
Analysts await Southern Co (NYSE:SO) to report earnings on October, 26. They expect $1.16 EPS, down 0.85% or $0.01 from last year’s $1.17 per share. SO’s profit will be $1.13 billion for 10.67 P/E if the $1.16 EPS becomes a reality. After $0.74 actual EPS 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 stock of Southern Co (NYSE:SO) earned “Neutral” rating by SunTrust on Monday, September 26. Scotia Capital initiated the stock with “Sector Perform” rating in Friday, May 13 report. The stock has “Overweight” rating given by Barclays Capital on Thursday, July 14. SunTrust maintained the shares of SO in a report on Monday, October 19 with “Neutral” rating. The stock of Southern Co (NYSE:SO) earned “Sector Perform” rating by Howard Weil on Friday, May 13. The company was upgraded on Sunday, August 16 by Zacks.
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.
Southeast Asset owns 26,130 shares or 0.46% of their US portfolio. Goldman Sachs Group holds 0.08% of its portfolio in Southern Co (NYSE:SO) for 4.64M shares. Cornerstone Mngmt Hldg Lc owns 234,584 shares or 0.1% of their US portfolio. Telemus Capital Ltd Company has 12,363 shares for 0.08% of their US portfolio. Gofen And Glossberg Limited Liability Corporation Il holds 14,957 shares or 0.03% of its portfolio. Synovus Fincl Corporation last reported 894,918 shares in the company. Sns Fincl Gp Limited Liability Com has 54,044 shares for 0.73% of their US portfolio. Fdx Advsr Inc holds 0.16% of its portfolio in Southern Co (NYSE:SO) for 64,434 shares. Northstar Advsrs Ltd Liability Corp last reported 1.46% of its portfolio in the stock. Ntv Asset Mngmt Ltd Liability Corp owns 27,131 shares or 0.55% of their US portfolio. Mcmillion Mngmt accumulated 11,705 shares or 0.49% of the stock. Court Place Advsr Limited last reported 9,480 shares in the company. Orrstown Fincl Serv holds 1,850 shares or 0.11% of its portfolio. Ar Schmeidler Com holds 0.51% of its portfolio in Southern Co (NYSE:SO) for 42,686 shares. Veritable Lp, a Pennsylvania-based fund reported 53,942 shares.
Insider Transactions: Since April 29, 2016, the stock had 0 buys, and 12 insider sales for $53.23 million net activity. 167,273 Southern Co (NYSE:SO) shares with value of $8.92 million were sold by Crosswhite Mark A.. Kuczynski Stephen E had sold 62,729 shares worth $3.23 million. $3.32 million worth of Southern Co (NYSE:SO) was sold by BEATTIE ART P. Another trade for 46,008 shares valued at $2.46 million was made by WOMACK CHRISTOPHER C on Tuesday, August 2. $773,570 worth of shares were sold by Connally Stan W on Monday, August 1. Daiss Ann P sold $372,960 worth of stock. Lantrip Mark also sold $1.94 million worth of Southern Co (NYSE:SO) shares.
The Southern Company is a holding company. The company has a market cap of $48.15 billion. 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. It has a 19.68 P/E ratio. Southern Company’s divisions include the sale of electricity by four traditional operating companies, Southern Power and All Other.
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.
More recent Southern Co (NYSE:SO) news were published by: Bloomberg.com which released: “Options Insight: How to Play Southern Co.” on September 27, 2016. Also Seekingalpha.com published the news titled: “Southern Co.: Overvaluation No Cause For Concern” on September 29, 2016. Benzinga.com‘s news article titled: “Kevin Kelly’s Southern Co Trade” with publication date: September 27, 2016 was also an interesting one.
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