Could Southern Co Increase After Today’s Tip From Option Traders?

 Could Southern Co Increase After Today's Tip From Option Traders?

In today’s session Southern Co (SO) recorded an unusually high (1,918) 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 1,918 contracts traded and 9444 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: SO170120P00046000 closed last at: $0.53 or 25.4% down. About 725,183 shares traded hands. Southern Co (NYSE:SO) has declined 2.48% since April 27, 2016 and is downtrending. It has underperformed by 7.71% the S&P500.

Analysts await Southern Co (NYSE:SO) to report earnings on February, 1. They expect $0.31 EPS, down 29.55% or $0.13 from last year’s $0.44 per share. SO’s profit will be $303.82M for 38.41 P/E if the $0.31 EPS becomes a reality. After $1.28 actual EPS reported by Southern Co for the previous quarter, Wall Street now forecasts -75.78% negative 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. $62 is the highest target while $43 is the lowest. The $50.50 average target is 6.03% above today’s ($47.63) stock price. The Southern Company has been the topic of 19 analyst reports since July 21, 2015 according to StockzIntelligence Inc. As per Monday, October 19, the company rating was maintained by SunTrust. The firm has “Overweight” rating given on Thursday, July 14 by Barclays Capital. Howard Weil initiated Southern Co (NYSE:SO) on Friday, May 13 with “Sector Perform” rating. The firm has “Neutral” rating given on Thursday, July 14 by Goldman Sachs. The stock of Southern Co (NYSE:SO) earned “Sector Perform” rating by Scotia Capital on Friday, May 13. The firm has “Hold” rating given on Sunday, August 16 by Zacks. The firm has “Neutral” rating given on Monday, September 26 by SunTrust.

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 1.17 in Q2 2016. Its down 0.16, from 1.33 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.
Ahl Partners Llp accumulated 0.03% or 10,069 shares. Salient Ltd Liability holds 0% of its portfolio in Southern Co (NYSE:SO) for 4,039 shares. Btim Corp has 7,500 shares for 0.01% of their US portfolio. Liberty Cap Management owns 10,300 shares or 0.37% of their US portfolio. Murphy Cap Mngmt holds 0.25% or 29,550 shares in its portfolio. Cadence Bancorporation Na reported 7,286 shares or 0.19% of all its holdings. Parkside State Bank And Tru accumulated 304 shares or 0.01% of the stock. Maple Capital Mgmt last reported 0.11% of its portfolio in the stock. Gw Henssler Associate last reported 167,892 shares in the company. Hancock, a Mississippi-based fund reported 25,780 shares. Joel Isaacson And Limited Liability has invested 0.02% of its portfolio in Southern Co (NYSE:SO). Segall Bryant & Hamill last reported 0.02% of its portfolio in the stock. Blue Cap accumulated 18,300 shares or 0.81% of the stock. Huntington Bancshares reported 95,632 shares or 0.1% of all its holdings. Brandywine Invest Mngmt Ltd holds 0.14% or 390,710 shares in its portfolio.

Insider Transactions: Since June 30, 2016, the stock had 0 insider buys, and 8 sales for $32.10 million net activity. Another trade for 46,008 shares valued at $2.46 million was made by WOMACK CHRISTOPHER C on Tuesday, August 2. 62,588 Southern Co (NYSE:SO) shares with value of $3.32 million were sold by BEATTIE ART P. The insider Daiss Ann P sold $372,960. Shares for $8.92M were sold by Crosswhite Mark A.. 141,818 shares were sold by Greene Kimberly S -, worth $7.66M on Friday, July 1. $1.94 million worth of Southern Co (NYSE:SO) was sold by Lantrip Mark on Tuesday, July 5. $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 $46.68 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 18.15 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: “Southern Company announces new legal team leadership” published on November 16, 2016, Prnewswire.com published: “Utilities partner to enhance power grid preparedness: Southern Company, LG&E …” on November 01, 2016. More interesting news about Southern Co (NYSE:SO) were released by: Bizjournals.com and their article: “Southern Co. subsidiary makes first wind acquisition in Texas” published on October 31, 2016 as well as Fool.com‘s news article titled: “General Electric and Southern Company Team Up to Power the Planet With Nuclear …” with publication date: November 15, 2016.

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