Southern (NYSE:SO)‘s stock had its “underperform” rating reiterated by equities researchers at Credit Suisse Group in a report released on Tuesday. They currently have a $45.00 target price on the utilities provider’s stock, down from their prior target price of $46.00. Credit Suisse Group’s price objective suggests a potential upside of 3.50% from the company’s previous close.
Several other brokerages have also recently commented on SO. SunTrust Banks set a $45.00 price target on shares of Southern and gave the stock a “hold” rating in a research note on Friday, February 23rd. Zacks Investment Research cut shares of Southern from a “hold” rating to a “sell” rating in a research note on Monday, January 15th. Mizuho cut shares of Southern from a “buy” rating to a “neutral” rating and set a $44.50 target price on the stock. in a research report on Tuesday, January 23rd. Royal Bank of Canada restated a “buy” rating on shares of Southern in a research report on Friday, December 22nd. Finally, UBS Group began coverage on shares of Southern in a research report on Friday, February 2nd. They set a “neutral” rating and a $46.00 target price on the stock. Seven research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. Southern has a consensus rating of “Hold” and a consensus price target of $49.41.
Shares of Southern (NYSE SO) traded up $0.08 during mid-day trading on Tuesday, reaching $43.48. 343,185 shares of the company’s stock traded hands, compared to its average volume of 8,018,979. The stock has a market cap of $44,389.24, a PE ratio of 51.06, a P/E/G ratio of 3.34 and a beta of 0.03. Southern has a 1-year low of $42.38 and a 1-year high of $53.51. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.59 and a current ratio of 0.74.
A number of large investors have recently modified their holdings of the stock. Iberiabank Corp grew its stake in Southern by 6.5% in 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. Confluence Investment Management LLC grew its stake in Southern by 2.8% in the 4th quarter. Confluence Investment Management LLC now owns 2,050,249 shares of the utilities provider’s stock worth $98,596,000 after acquiring an additional 55,264 shares in the last quarter. Atlantic Trust Group LLC grew its stake in Southern by 13.4% in the 3rd quarter. Atlantic Trust Group LLC now owns 23,732 shares of the utilities provider’s stock worth $1,166,000 after acquiring an additional 2,804 shares in the last quarter. National Pension Service grew its stake in Southern by 3.7% in the 4th quarter. National Pension Service now owns 842,651 shares of the utilities provider’s stock worth $40,523,000 after acquiring an additional 30,381 shares in the last quarter. Finally, Synovus Financial Corp grew its stake in Southern by 7.2% in 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. Institutional investors own 53.87% of the company’s stock.
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Southern 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.
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