Can Southern Co’s Tomorrow Be Different? Option Trader Are Very Bullish

 Can Southern Co's Tomorrow Be Different? Option Trader Are Very Bullish

In today’s session Southern Co (SO) registered an unusually high (610) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the May, 2017 call, expecting serious SO increase. With 610 contracts traded and 9554 open interest for the May, 17 contract, it seems this is a quite bullish bet. The option with symbol: SO170519C00052500 closed last at: $1.68 or 20.9% up. About 2.34M shares traded hands. Southern Co (NYSE:SO) has declined 2.42% since March 31, 2016 and is downtrending. It has underperformed by 4.94% the S&P500.

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 stock of Southern Co (NYSE:SO) has “Hold” rating given on Sunday, August 16 by Zacks. On Thursday, July 14 the stock rating was upgraded by Barclays Capital to “Overweight”. The stock of Southern Co (NYSE:SO) has “Sector Perform” rating given on Friday, May 13 by Scotia Capital. On Thursday, July 14 the stock rating was maintained by Goldman Sachs with “Neutral”. SunTrust maintained the stock with “Neutral” rating in Monday, October 19 report. On Monday, September 26 the stock rating was maintained by SunTrust with “Neutral”. The firm earned “Sector Perform” rating on Friday, May 13 by Howard Weil.

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 turned 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.
Ing Groep Nv holds 0.08% or 111,567 shares in its portfolio. Great West Life Assurance Can accumulated 1.73 million shares or 0.32% of the stock. Yhb Invest Advsrs accumulated 0.1% or 8,497 shares. Aberdeen Asset Public Limited Uk accumulated 401,319 shares or 0.08% of the stock. Regions Fincl Corp accumulated 0.84% or 1.21M shares. Financial Bank Of America De has 4.18M shares for 0.05% of their US portfolio. Nelson Van Denburg Campbell Wealth Mngmt Group Limited last reported 0.03% of its portfolio in the stock. The Texas-based Visionary Asset Mngmt has invested 0.96% in Southern Co (NYSE:SO). Kelly Lawrence W & Inc Ca last reported 3,000 shares in the company. Chatham Group has 6,032 shares for 0.1% of their US portfolio. Services Automobile Association has invested 0.13% of its portfolio in Southern Co (NYSE:SO). Old State Bank In accumulated 31,862 shares or 0.1% of the stock. Camelot Portfolios Ltd Limited Liability Company last reported 21,406 shares in the company. Foster Motley holds 4,716 shares or 0.05% of its portfolio. Aviance Prtn Limited Co accumulated 29,700 shares or 0.59% of the stock.

Insider Transactions: Since May 4, 2016, the stock had 0 insider buys, and 8 selling transactions for $32.10 million net activity. Another trade for 167,273 shares valued at $8.92 million was sold by Crosswhite Mark A.. On Thursday, June 30 the insider Daiss Ann P sold $372,960. The insider BEATTIE ART P sold $3.32M. 35,884 shares were sold by Lantrip Mark, worth $1.94 million. On Wednesday, May 4 the insider Kuczynski Stephen E sold $3.23M. Another trade for 141,818 shares valued at $7.66 million was made by Greene Kimberly S – on Friday, July 1. $773,570 worth of shares were sold by Connally Stan W on Monday, August 1.

The Southern Company is a holding company. The company has a market cap of $47.80 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 18.84 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 notable recent Southern Co (NYSE:SO) news were published by: Wsj.com which released: “Southern Co. Revenue and Profit Rise” on October 31, 2016, also Bizjournals.com with their article: “Southern Co. subsidiary makes first wind acquisition in Texas” published on October 31, 2016, Reuters.com published: “BRIEF-Southern Co Q3 earnings per share $1.18” on October 31, 2016. More interesting news about Southern Co (NYSE:SO) were released by: Reuters.com and their article: “BRIEF-Southern Co unit acquires Wake Wind Energy Center” published on October 28, 2016 as well as Streetinsider.com‘s news article titled: “Southern Co. (SO) Announces Acquisition of Wake Wind Energy Center” with publication date: October 28, 2016.

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