Southern Company (The) (NYSE:SO)‘s stock had its “hold” rating reissued by equities research analysts at KeyCorp in a report issued on Friday.

A number of other research firms have also recently weighed in on SO. Zacks Investment Research cut shares of Southern Company (The) from a “hold” rating to a “sell” rating in a research report on Friday, June 16th. Morgan Stanley cut their price objective on shares of Southern Company (The) from $53.00 to $51.00 and set an “underweight” rating on the stock in a research report on Friday, June 23rd. Jefferies Group LLC reiterated a “buy” rating and set a $55.00 price objective on shares of Southern Company (The) in a research report on Monday, May 15th. Barclays PLC reiterated a “buy” rating and set a $55.00 price objective on shares of Southern Company (The) in a research report on Monday, May 15th. Finally, BidaskClub cut shares of Southern Company (The) from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 24th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $48.79.

Shares of Southern Company (NYSE SO) opened at 48.26 on Friday. Southern Company has a one year low of $46.20 and a one year high of $53.73. The company has a market cap of $48.23 billion, a price-to-earnings ratio of 79.38 and a beta of 0.12. The firm has a 50-day moving average of $48.13 and a 200-day moving average of $49.41.

Southern Company (The) (NYSE:SO) last posted its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.73 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.02. Southern Company (The) had a net margin of 2.93% and a return on equity of 11.30%. The business had revenue of $5.43 billion for the quarter, compared to analysts’ expectations of $5.23 billion. During the same quarter in the previous year, the business posted $0.74 earnings per share. The business’s revenue was up 21.7% compared to the same quarter last year. Equities research analysts forecast that Southern Company will post $2.94 EPS for the current fiscal year.

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In other Southern Company (The) news, EVP Christopher C. Womack sold 75,144 shares of the stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $49.29, for a total transaction of $3,703,847.76. Following the transaction, the executive vice president now directly owns 85,298 shares in the company, valued at approximately $4,204,338.42. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Art P. Beattie sold 46,940 shares of the stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $51.50, for a total transaction of $2,417,410.00. Following the transaction, the insider now owns 59,493 shares in the company, valued at $3,063,889.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 152,084 shares of company stock worth $7,665,158. Company insiders own 1.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of Southern Company (The) by 2,961.9% in the first quarter. BlackRock Inc. now owns 62,067,822 shares of the utilities provider’s stock valued at $3,089,736,000 after buying an additional 60,040,696 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Southern Company (The) by 205.4% in the first quarter. Ameriprise Financial Inc. now owns 8,803,018 shares of the utilities provider’s stock valued at $438,168,000 after buying an additional 5,920,212 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of Southern Company (The) by 3,580.1% in the second quarter. Janus Henderson Group PLC now owns 4,673,498 shares of the utilities provider’s stock valued at $223,766,000 after buying an additional 4,546,503 shares during the last quarter. Capital Research Global Investors boosted its position in shares of Southern Company (The) by 25.3% in the second quarter. Capital Research Global Investors now owns 14,940,226 shares of the utilities provider’s stock valued at $715,338,000 after buying an additional 3,015,226 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Southern Company (The) by 4.1% in the first quarter. Vanguard Group Inc. now owns 68,758,138 shares of the utilities provider’s stock valued at $3,422,780,000 after buying an additional 2,688,854 shares during the last quarter. Institutional investors own 53.26% of the company’s stock.

About Southern Company (The)

The Southern Company (Southern Company) is a holding company. The Company owns all of the stock of the traditional electric operating companies and the parent entities of Southern Power Company (Southern Power) and Southern Company Gas, and owns other direct and indirect subsidiaries. The Company’s segments include Gas distribution operations, Gas marketing services, Wholesale gas services, Gas midstream operations and All other.

Analyst Recommendations for Southern Company (The) (NYSE:SO)

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