Somewhat Critical News Coverage Very Likely to Affect Southern Company (The) (SO) Share Price

News articles about Southern Company (The) (NYSE:SO) have trended somewhat negative recently, according to AlphaOne Sentiment Analysis. AlphaOne, a unit of Accern, identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real-time. AlphaOne ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Southern Company (The) earned a news impact score of -0.16 on AlphaOne’s scale. AlphaOne also assigned media headlines about the utilities provider an impact score of 83 out of 100, indicating that recent news coverage is very likely to have an impact on the stock’s share price in the near term.

These are some of the media headlines that may have impacted AlphaOne Sentiment Analysis’s scoring:

Insider Buying and Selling by Quarter for Southern Company (The) (NYSE:SO)

Shares of Southern Company (NYSE:SO) opened at 51.42 on Tuesday. Southern Company has a one year low of $46.20 and a one year high of $54.64. The stock has a market capitalization of $51.14 billion, a P/E ratio of 19.23 and a beta of 0.11. The company’s 50-day moving average is $50.37 and its 200-day moving average is $49.59.

Southern Company (The) (NYSE:SO) last posted its quarterly earnings data on Wednesday, May 3rd. The utilities provider reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.08. Southern Company (The) had a net margin of 12.38% and a return on equity of 11.37%. The firm had revenue of $5.77 billion for the quarter, compared to analyst estimates of $5.58 billion. During the same period last year, the firm posted $0.58 EPS. Southern Company (The)’s quarterly revenue was up 44.6% on a year-over-year basis. On average, equities research analysts anticipate that Southern Company will post $2.97 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 6th. Investors of record on Monday, May 15th were given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 4.51%. This is a positive change from Southern Company (The)’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend was Thursday, May 11th. Southern Company (The)’s dividend payout ratio (DPR) is 85.29%.

Several research analysts recently commented on SO shares. Deutsche Bank AG reduced their price objective on shares of Southern Company (The) from $52.00 to $50.00 and set a “hold” rating for the company in a research note on Tuesday, April 11th. Jefferies Group LLC upgraded shares of Southern Company (The) from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $50.00 to $56.00 in a research note on Friday, March 3rd. Zacks Investment Research lowered shares of Southern Company (The) from a “hold” rating to a “sell” rating in a research note on Friday. Barclays PLC reiterated a “buy” rating and set a $55.00 price objective on shares of Southern Company (The) in a research note on Friday, May 5th. Finally, Argus lowered shares of Southern Company (The) from a “buy” rating to a “hold” rating in a research note on Friday, March 3rd. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. Southern Company (The) presently has a consensus rating of “Hold” and an average price target of $51.79.

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In related news, insider Ann P. Daiss sold 5,000 shares of Southern Company (The) stock in a transaction on Monday, June 12th. The shares were sold at an average price of $51.28, for a total value of $256,400.00. Following the transaction, the insider now directly owns 7,394 shares in the company, valued at approximately $379,164.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP James Y. Kerr II sold 68,609 shares of Southern Company (The) stock in a transaction on Friday, May 5th. The shares were sold at an average price of $50.05, for a total transaction of $3,433,880.45. Following the completion of the transaction, the vice president now owns 69,609 shares in the company, valued at $3,483,930.45. The disclosure for this sale can be found here. Over the last quarter, insiders sold 145,549 shares of company stock worth $7,395,190. 0.74% of the stock is currently owned by insiders.

Southern Company (The) Company Profile

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “SO”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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