Southern Co Stock Price Could Go Down After Today’s Bearish Options Activity

 Southern Co Stock Price Could Go Down After Today's Bearish Options Activity

In today’s session Southern Co (SO) recorded an unusually high (200) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious SO decrease. With 200 contracts traded and 86874 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: SO170120P00045000 closed last at: $0.52 or 0% . About 2.28 million shares traded hands. Southern Co (NYSE:SO) has risen 0.72% since March 15, 2016 and is uptrending. It has underperformed by 4.77% 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 $1.14B for 11.03 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. The firm has “Neutral” rating by Goldman Sachs given on Thursday, July 14. The firm has “Overweight” rating by Barclays Capital given on Thursday, July 14. SunTrust maintained Southern Co (NYSE:SO) on Monday, September 26 with “Neutral” rating. As per Friday, May 13, the company rating was initiated by Howard Weil. On Sunday, August 16 the stock rating was upgraded by Zacks to “Hold”. The rating was maintained by SunTrust on Monday, October 19 with “Neutral”. Scotia Capital initiated Southern Co (NYSE:SO) on Friday, May 13 with “Sector Perform” rating.

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 Q2 2016. Its down 0.11, from 1.44 in 2016Q1. The ratio is negative, 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.
Verition Fund Management Limited Liability accumulated 0.03% or 3,749 shares. Fil Ltd last reported 4,185 shares in the company. Massachusetts Financial Ma has invested 0% of its portfolio in Southern Co (NYSE:SO). Daiwa Secs Gru Incorporated has 177,150 shares for 0.06% of their US portfolio. Axa holds 0.22% of its portfolio in Southern Co (NYSE:SO) for 924,350 shares. Triangle Wealth last reported 3,762 shares in the company. Coastline Trust reported 18,650 shares or 0.2% of all its holdings. Montag A And Assoc owns 14,544 shares or 0.1% of their US portfolio. Tower Capital Ltd Liability Corp (Trc) owns 5,578 shares or 0.03% of their US portfolio. Da Davidson & Communications has invested 0.14% of its portfolio in Southern Co (NYSE:SO). Randolph Inc last reported 341,307 shares in the company. Pensionfund Dsm Netherlands holds 0.57% of its portfolio in Southern Co (NYSE:SO) for 79,900 shares. Moreover, Chemung Canal Trust has 0.74% invested in Southern Co (NYSE:SO) for 57,903 shares. Hilton Limited Liability Corporation holds 3.46% of its portfolio in Southern Co (NYSE:SO) for 204,394 shares. Carroll Assoc accumulated 35,886 shares or 0.32% of the stock.

Insider Transactions: Since April 29, 2016, the stock had 0 insider buys, and 12 insider sales for $53.23 million net activity. Kuczynski Stephen E sold $3.78M worth of stock. 35,884 Southern Co (NYSE:SO) shares with value of $1.94M were sold by Lantrip Mark. Connally Stan W also sold $773,570 worth of Southern Co (NYSE:SO) on Monday, August 1. 46,008 shares were sold by WOMACK CHRISTOPHER C, worth $2.46M. $6.67M worth of Southern Co (NYSE:SO) was sold by BEATTIE ART P on Tuesday, July 5. Shares for $7.66 million were sold by Greene Kimberly S -. The insider Crosswhite Mark A. sold 167,273 shares worth $8.92 million.

The Southern Company is a holding company. The company has a market cap of $50.22 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 20.34 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 important 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 Prnewswire.com published article titled: “Southern Company third-quarter earnings to be released October 31”, Seekingalpha.com published: “Southern Co.: Overvaluation No Cause For Concern” on September 29, 2016. More interesting news about Southern Co (NYSE:SO) was released by: Benzinga.com and their article: “Kevin Kelly’s Southern Co Trade” with publication date: September 27, 2016.

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