Reaffirmed: Southern Co (NYSE:SO) “Buy” Rating Reiterated at RBC Capital; $53.0 Target in Place

January 20, 2018 - By Linda Rogers

 Reaffirmed: Southern Co (NYSE:SO)

Investors sentiment decreased to 1 in Q3 2017. Its down 0.16, from 1.16 in 2017Q2. It is negative, as 51 investors sold The Southern Company shares while 353 reduced holdings. 76 funds opened positions while 330 raised stakes. 525.28 million shares or 0.91% more from 520.53 million shares in 2017Q2 were reported.

Sandy Spring Bankshares accumulated 6,845 shares. First Personal Finance reported 0% of its portfolio in The Southern Company (NYSE:SO). Hm Payson Communication has 0.09% invested in The Southern Company (NYSE:SO). Klingenstein Fields And Co Lc accumulated 9,278 shares or 0.02% of the stock. Payden & Rygel owns 322,900 shares. Louisiana State Employees Retirement Systems holds 62,400 shares. Wesbanco Fincl Bank owns 67,096 shares for 0.17% of their portfolio. Arizona State Retirement System holds 0.23% or 392,893 shares. 27,288 were reported by Warren Averett Asset Mngmt Limited Liability Co. Uss Mgmt Ltd reported 151,729 shares. 30,500 are owned by Brown Advisory. Spinnaker holds 0.11% of its portfolio in The Southern Company (NYSE:SO) for 17,283 shares. Riverpoint Cap Management Limited Liability Corporation reported 0.02% in The Southern Company (NYSE:SO). Colonial Tru Advisors holds 9,488 shares or 0.1% of its portfolio. Sigma Planning Corporation reported 0.24% in The Southern Company (NYSE:SO).

Since August 3, 2017, it had 0 buys, and 5 insider sales for $11.99 million activity. 5,000 shares were sold by Daiss Ann P, worth $261,400 on Friday, October 20. $2.46M worth of stock was sold by BEATTIE ART P on Thursday, October 26. BOWERS WILLIAM P had sold 85,151 shares worth $4.26 million on Tuesday, October 10. WOMACK CHRISTOPHER C also sold $3.70 million worth of The Southern Company (NYSE:SO) shares.

Southern Co (NYSE:SO) Rating Reaffirmed

New York: In a report issued to investors and clients on 30 October, RBC Capital reaffirmed their “Buy” rating on Southern Co (NYSE:SO) shares. They now have a $53.0 price target on the firm. RBC Capital’s target suggests a potential upside of 19.26 % from the company’s stock close price.

Investors sentiment decreased to 1 in Q3 2017. Its down 0.16, from 1.16 in 2017Q2. It is negative, as 51 investors sold The Southern Company shares while 353 reduced holdings. 76 funds opened positions while 330 raised stakes. 525.28 million shares or 0.91% more from 520.53 million shares in 2017Q2 were reported.

Sandy Spring Bankshares accumulated 6,845 shares. First Personal Finance reported 0% of its portfolio in The Southern Company (NYSE:SO). Hm Payson Communication has 0.09% invested in The Southern Company (NYSE:SO). Klingenstein Fields And Co Lc accumulated 9,278 shares or 0.02% of the stock. Payden & Rygel owns 322,900 shares. Louisiana State Employees Retirement Systems holds 62,400 shares. Wesbanco Fincl Bank owns 67,096 shares for 0.17% of their portfolio. Arizona State Retirement System holds 0.23% or 392,893 shares. 27,288 were reported by Warren Averett Asset Mngmt Limited Liability Co. Uss Mgmt Ltd reported 151,729 shares. 30,500 are owned by Brown Advisory. Spinnaker holds 0.11% of its portfolio in The Southern Company (NYSE:SO) for 17,283 shares. Riverpoint Cap Management Limited Liability Corporation reported 0.02% in The Southern Company (NYSE:SO). Colonial Tru Advisors holds 9,488 shares or 0.1% of its portfolio. Sigma Planning Corporation reported 0.24% in The Southern Company (NYSE:SO).

Since August 3, 2017, it had 0 buys, and 5 insider sales for $11.99 million activity. 5,000 shares were sold by Daiss Ann P, worth $261,400 on Friday, October 20. $2.46M worth of stock was sold by BEATTIE ART P on Thursday, October 26. BOWERS WILLIAM P had sold 85,151 shares worth $4.26 million on Tuesday, October 10. WOMACK CHRISTOPHER C also sold $3.70 million worth of The Southern Company (NYSE:SO) shares.

The Southern Company (NYSE:SO) Ratings Coverage

Among 19 analysts covering The Southern Company (NYSE:SO), 6 have Buy rating, 6 Sell and 7 Hold. Therefore 32% are positive. The Southern Company has $62 highest and $43 lowest target. $50.31’s average target is 13.21% above currents $44.44 stock price. The Southern Company had 57 analyst reports since July 21, 2015 according to SRatingsIntel. Guggenheim upgraded The Southern Company (NYSE:SO) on Thursday, September 14 to “Buy” rating. The stock of The Southern Company (NYSE:SO) has “Buy” rating given on Tuesday, June 6 by Jefferies. The firm earned “Sell” rating on Thursday, December 15 by Citigroup. The firm has “Hold” rating by SunTrust given on Wednesday, January 3. The rating was maintained by SunTrust on Tuesday, December 26 with “Hold”. The stock of The Southern Company (NYSE:SO) earned “Hold” rating by SunTrust on Tuesday, January 16. The stock of The Southern Company (NYSE:SO) has “Buy” rating given on Tuesday, December 26 by Mizuho. On Wednesday, June 28 the stock rating was maintained by RBC Capital Markets with “Hold”. Guggenheim maintained the shares of SO in report on Tuesday, January 2 with “Buy” rating. Jefferies maintained the stock with “Buy” rating in Thursday, April 13 report.

The stock decreased 1.02% or $0.46 during the last trading session, reaching $44.44. About 8.81 million shares traded or 65.03% up from the average. The Southern Company (NYSE:SO) has risen 2.49% since January 20, 2017 and is uptrending. It has underperformed by 14.21% the S&P500.

Analysts await The Southern Company (NYSE:SO) to report earnings on February, 28. They expect $0.47 EPS, up 95.83 % or $0.23 from last year’s $0.24 per share. SO’s profit will be $471.70M for 23.64 P/E if the $0.47 EPS becomes a reality. After $1.12 actual EPS reported by The Southern Company for the previous quarter, Wall Street now forecasts -58.04 % negative EPS growth.

The Southern Company, together with its subsidiaries, engages in the generation, transmission, and distribution of electricity. The company has market cap of $44.60 billion. The firm also constructs, acquires, owns, and manages power generation assets, including renewable energy projects; sells electricity in the wholesale market; and distributes natural gas in seven states, as well as provides gas marketing services, wholesale gas services, and gas midstream operations. It has a 81.69 P/E ratio. It owns/operates 33 hydroelectric generating stations, 29 fossil fuel generating stations, 3 nuclear generating stations, 14 combined cycle/cogeneration stations, 33 solar facilities, 9 wind facilities, 1 biomass facility, and 1 landfill gas facility.

More notable recent The Southern Company (NYSE:SO) news were published by: Seekingalpha.com which released: “Southern Company: Total Return Of 10% Per Year Is Possible With One Of The …” on January 04, 2018, also 247Wallst.com with their article: “Southern Company, Tesaro Plunge into Monday’s 52-Week Low Club” published on January 16, 2018, Streetinsider.com published: “JPMorgan Starts Southern Co. (SO) at Underweight” on January 12, 2018. More interesting news about The Southern Company (NYSE:SO) were released by: Seekingalpha.com and their article: “Southern Company: Golden Dividend Opportunity In An Overheated Market” published on December 27, 2017 as well as Prnewswire.com‘s news article titled: “Stock Review for Electric Utilities Investors — PG&E, Southern Co., Vistra …” with publication date: January 19, 2018.

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