Southern Co Can’t Be More Risky. Option Traders Sell It

 Southern Co Can't Be More Risky. Option Traders Sell It

In today’s session Southern Co (SO) recorded an unusually high (1,129) 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 1,129 contracts traded and 90294 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: SO170120P00045000 closed last at: $0.98 or 58.1% up. About 2.11 million shares traded hands. Southern Co (NYSE:SO) has declined 5.89% since April 12, 2016 and is downtrending. It has underperformed by 10.87% 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. $62 is the highest target while $43 is the lowest. The $50.50 average target is 6.88% above today’s ($47.25) stock price. The Southern Company has been the topic of 19 analyst reports since July 21, 2015 according to StockzIntelligence Inc. As per Friday, May 13, the company rating was initiated by Scotia Capital. As per Friday, May 13, the company rating was initiated by Howard Weil. The rating was maintained by Goldman Sachs on Thursday, July 14 with “Neutral”. The firm earned “Neutral” rating on Monday, October 19 by SunTrust. The stock of Southern Co (NYSE:SO) has “Hold” rating given on Sunday, August 16 by Zacks. Barclays Capital upgraded it to “Overweight” rating and $62 target price in Thursday, July 14 report. SunTrust maintained the stock with “Neutral” rating in Monday, September 26 report.

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 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.
The Virginia-based Burke And Herbert Bank & Trust And Trust has invested 0.3% in Southern Co (NYSE:SO). Capstone Asset Management Company holds 91,685 shares or 0.15% of its portfolio. The Illinois-based Old Republic Int Corp has invested 0.91% in Southern Co (NYSE:SO). Seminole Management holds 0.08% of its portfolio in Southern Co (NYSE:SO) for 14,500 shares. Mirae Asset Global Invs Limited reported 12,757 shares or 0.02% of all its holdings. Supplemental Annuity Collective Tru Of Nj reported 10,631 shares or 0.29% of all its holdings. Suntrust Banks accumulated 0.22% or 661,745 shares. Abner Herrman Brock Lc owns 9,203 shares or 0.12% of their US portfolio. Dubuque Bank & Trust And Company has 2,504 shares for 0.03% of their US portfolio. Gw Henssler And Associate Ltd accumulated 1.04% or 167,892 shares. Moreover, Guggenheim Capital Ltd has 0.22% invested in Southern Co (NYSE:SO) for 1.30 million shares. Krasney Financial last reported 20,092 shares in the company. Peoples Fincl accumulated 25,579 shares or 0.85% of the stock. Lakeview Cap Ltd Liability Co owns 43,418 shares or 1.4% of their US portfolio. The Illinois-based Rothschild Il has invested 0.36% in Southern Co (NYSE:SO).

Insider Transactions: Since June 30, 2016, the stock had 0 buys, and 8 insider sales for $32.10 million net activity. $3.32 million worth of Southern Co (NYSE:SO) was sold by BEATTIE ART P on Thursday, June 30. Greene Kimberly S – also sold $7.66 million worth of Southern Co (NYSE:SO) on Friday, July 1. 35,884 shares with value of $1.94M were sold by Lantrip Mark on Tuesday, July 5. $2.46M worth of Southern Co (NYSE:SO) shares were sold by WOMACK CHRISTOPHER C. 14,392 Southern Co (NYSE:SO) shares with value of $773,570 were sold by Connally Stan W. Daiss Ann P also sold $372,960 worth of Southern Co (NYSE:SO) on Thursday, June 30. $8.92 million worth of Southern Co (NYSE:SO) was sold by Crosswhite Mark A..

The Southern Company is a holding company. The company has a market cap of $46.18 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 18.01 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 Prnewswire.com with their article: “Utilities partner to enhance power grid preparedness: Southern Company, LG&E …” published on November 01, 2016, Prnewswire.com published: “Southern Company subsidiary acquires Wake Wind Energy Center” on October 28, 2016. More interesting news about Southern Co (NYSE:SO) were released by: Prnewswire.com and their article: “Southern Company announces quarterly dividend” published on October 17, 2016 as well as Bizjournals.com‘s news article titled: “Southern Co. subsidiary makes first wind acquisition in Texas” with publication date: October 31, 2016.

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