2 weeks Ago By ABMN Staff
Southern ( NYSE:SO – Get Free Report ) had its target price increased by equities researchers at Barclays from $83.00 to $90.00 in a report issued on Tuesday, Benzinga reports.
The brokerage currently has an “equal weight” rating on the utilities provider’s stock. Barclays ‘s price target would suggest a potential downside of 1.37% from the stock’s previous close.
Other equities analysts also recently issued reports about the stock. UBS Group raised their price objective on shares of Southern from $94.00 to $97.
00 and gave the stock a “neutral” rating in a report on Friday, March 21st. Mizuho raised their price target on shares of Southern from $83.00 to $85.
00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Morgan Stanley reiterated an “outperform” rating on shares of Southern in a research note on Thursday, March 20th. Guggenheim downgraded Southern from a “buy” rating to a “neutral” rating in a research report on Thursday, January 23rd.
Finally, JPMorgan Chase & Co. upgraded Southern from an “underweight” rating to a “neutral” rating and set a $94.00 price target on the stock in a research report on Tuesday, April 8th.
Nine research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $92.
54. Read Our Latest Research Report on SO Southern Stock Down 0.7 % Southern ( NYSE:SO – Get Free Report ) last released its quarterly earnings data on Thursday, February 20th.
The utilities provider reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.
01). The firm had revenue of $6.34 billion for the quarter, compared to the consensus estimate of $5.
90 billion. Southern had a net margin of 16.47% and a return on equity of 12.
23%. On average, research analysts anticipate that Southern will post 4.29 earnings per share for the current year.
Insider Activity In related news, CEO James Jeffrey Peoples sold 14,540 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $86.00, for a total transaction of $1,250,440.
00. Following the completion of the sale, the chief executive officer now directly owns 13,236 shares of the company’s stock, valued at $1,138,296. The trade was a 52.
35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link . Also, EVP Martin Bernard Davis sold 1,125 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd.
The shares were sold at an average price of $89.61, for a total transaction of $100,811.25.
Following the completion of the transaction, the executive vice president now directly owns 102,090 shares in the company, valued at approximately $9,148,284.90. The trade was a 1.
09 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Insiders have sold 47,855 shares of company stock valued at $4,348,784 over the last three months.
0.18% of the stock is owned by insiders. Institutional Inflows and Outflows A number of large investors have recently made changes to their positions in the stock.
Vanguard Group Inc. grew its position in shares of Southern by 0.7% during the 4th quarter.
Vanguard Group Inc. now owns 102,790,453 shares of the utilities provider’s stock worth $8,461,710,000 after buying an additional 698,422 shares during the period. Geode Capital Management LLC boosted its stake in Southern by 2.
2% during the 4th quarter. Geode Capital Management LLC now owns 25,050,209 shares of the utilities provider’s stock worth $2,056,441,000 after acquiring an additional 528,870 shares during the last quarter. Northern Trust Corp grew its holdings in Southern by 4.
5% during the fourth quarter. Northern Trust Corp now owns 10,805,269 shares of the utilities provider’s stock valued at $889,490,000 after purchasing an additional 460,594 shares during the period. Norges Bank bought a new stake in Southern in the fourth quarter valued at approximately $848,019,000.
Finally, Charles Schwab Investment Management Inc. raised its holdings in Southern by 3.0% in the fourth quarter.
Charles Schwab Investment Management Inc. now owns 6,599,710 shares of the utilities provider’s stock worth $543,288,000 after purchasing an additional 194,114 shares during the period. Institutional investors and hedge funds own 64.
10% of the company’s stock. About Southern ( Get Free Report ) The Southern Company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity. The company also develops, constructs, acquires, owns, and manages power generation assets, including renewable energy projects and sells electricity in the wholesale market; and distributes natural gas in Illinois, Georgia, Virginia, and Tennessee, as well as provides gas marketing services, gas distribution operations, and gas pipeline investments operations.
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