Southern (NYSE:SO) has been given a $46.00 price target by analysts at SunTrust Banks in a research report issued on Tuesday. The firm presently has a “hold” rating on the utilities provider’s stock. SunTrust Banks’ target price would suggest a potential upside of 4.45% from the company’s previous close.

Other equities research analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of Southern from a “hold” rating to a “sell” rating in a research note on Monday, January 15th. JPMorgan Chase & Co. started coverage on shares of Southern in a research note on Friday, January 12th. They issued an “underweight” rating and a $46.00 target price on the stock. Goldman Sachs Group reissued a “sell” rating on shares of Southern in a research note on Wednesday, January 10th. Guggenheim reissued a “buy” rating and issued a $52.00 target price on shares of Southern in a research note on Wednesday, January 3rd. Finally, Royal Bank of Canada reissued a “buy” rating on shares of Southern in a research note on Friday, December 22nd. Six analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. Southern currently has a consensus rating of “Hold” and an average target price of $51.00.

Shares of Southern (NYSE:SO) opened at $44.04 on Tuesday. The stock has a market cap of $44,200.00, a price-to-earnings ratio of 78.64, a P/E/G ratio of 3.29 and a beta of 0.14. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.57 and a current ratio of 0.73. Southern has a 12 month low of $43.97 and a 12 month high of $53.51.

Southern (NYSE:SO) last released its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $1.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.04. The company had revenue of $6.20 billion for the quarter, compared to the consensus estimate of $6.16 billion. Southern had a net margin of 2.59% and a return on equity of 10.81%. Southern’s revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.27 earnings per share. equities analysts forecast that Southern will post 2.96 EPS for the current year.

In other news, insider Ann P. Daiss sold 5,080 shares of the company’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $53.28, for a total value of $270,662.40. Following the transaction, the insider now directly owns 7,474 shares in the company, valued at $398,214.72. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Christopher C. Womack sold 46,641 shares of the company’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $53.00, for a total transaction of $2,471,973.00. Following the completion of the transaction, the executive vice president now owns 56,799 shares in the company, valued at $3,010,347. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 98,662 shares of company stock worth $5,207,038. Company insiders own 0.74% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Iberiabank Corp grew its holdings in Southern by 6.5% during the 3rd quarter. Iberiabank Corp now owns 151,315 shares of the utilities provider’s stock worth $7,437,000 after acquiring an additional 9,232 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new position in Southern during the 3rd quarter worth about $2,088,000. Synovus Financial Corp grew its holdings in Southern by 7.2% during the 3rd quarter. Synovus Financial Corp now owns 931,263 shares of the utilities provider’s stock worth $45,761,000 after acquiring an additional 62,321 shares in the last quarter. Asset Management One Co. Ltd. grew its holdings in Southern by 1.4% during the 3rd quarter. Asset Management One Co. Ltd. now owns 1,660,838 shares of the utilities provider’s stock worth $81,592,000 after acquiring an additional 22,233 shares in the last quarter. Finally, Cambria Investment Management L.P. grew its holdings in Southern by 192.6% during the 3rd quarter. Cambria Investment Management L.P. now owns 113,239 shares of the utilities provider’s stock worth $5,565,000 after acquiring an additional 74,535 shares in the last quarter. Institutional investors own 53.67% of the company’s stock.

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About Southern

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 (NYSE:SO)

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