Today Jefferies Keeps a “Buy” Rating on Southern Co (NYSE:SO) and a $56.5 Target Price

September 17, 2017 - By Michael Collier

 Today Jefferies Keeps a

Investors sentiment decreased to 1.12 in Q4 2016. Its down 0.05, from 1.17 in 2016Q3. It turned negative, as 64 investors sold Southern Co shares while 341 reduced holdings. 81 funds opened positions while 371 raised stakes. 505.09 million shares or 5.13% more from 480.44 million shares in 2016Q3 were reported.

Moreover, St Germain D J Incorporated has 0.05% invested in Southern Co (NYSE:SO) for 8,182 shares. Atria Investments Lc accumulated 43,379 shares. M&T Savings Bank Corp holds 688,602 shares or 0.21% of its portfolio. Crawford Inv Counsel Incorporated has invested 1.7% in Southern Co (NYSE:SO). Highlander Mgmt Limited Liability Com invested 0.01% in Southern Co (NYSE:SO). Aviance Partners Llc owns 22,960 shares for 0.4% of their portfolio. Donaldson Cap Management Ltd Company holds 11,264 shares. Zeke Capital Llc holds 6,343 shares. Edge Wealth Ltd Llc holds 120 shares or 0% of its portfolio. Connor Clark And Lunn Inv Mngmt Limited reported 0.04% in Southern Co (NYSE:SO). Hanson Mcclain has invested 0.04% of its portfolio in Southern Co (NYSE:SO). Ngam Advisors Limited Partnership holds 0.04% of its portfolio in Southern Co (NYSE:SO) for 63,345 shares. St Johns Mngmt Ltd Liability invested in 16,391 shares. Sg Americas Secs Ltd reported 0.26% in Southern Co (NYSE:SO). Gilman Hill Asset Mngmt Ltd accumulated 6,939 shares.

Since May 5, 2017, it had 0 insider purchases, and 4 sales for $7.40 million activity. BEATTIE ART P sold $2.42M worth of stock. Daiss Ann P sold $256,400 worth of stock. $3.43M worth of Southern Co (NYSE:SO) was sold by Kerr – II James Y on Friday, May 5.

Southern Co (NYSE:SO) Rating Reaffirmed

Recently, In a research note sent to clients and investors on 12 September, Southern Co (NYSE:SO) shares have had their “Buy” Rating reiterated by equity analysts at Jefferies, who currently has a $56.5 price target on company. This target by Jefferies indicates the possibile upside of 11.57 % from the stock close price.

Investors sentiment decreased to 1.12 in Q4 2016. Its down 0.05, from 1.17 in 2016Q3. It turned negative, as 64 investors sold Southern Co shares while 341 reduced holdings. 81 funds opened positions while 371 raised stakes. 505.09 million shares or 5.13% more from 480.44 million shares in 2016Q3 were reported.

Moreover, St Germain D J Incorporated has 0.05% invested in Southern Co (NYSE:SO) for 8,182 shares. Atria Investments Lc accumulated 43,379 shares. M&T Savings Bank Corp holds 688,602 shares or 0.21% of its portfolio. Crawford Inv Counsel Incorporated has invested 1.7% in Southern Co (NYSE:SO). Highlander Mgmt Limited Liability Com invested 0.01% in Southern Co (NYSE:SO). Aviance Partners Llc owns 22,960 shares for 0.4% of their portfolio. Donaldson Cap Management Ltd Company holds 11,264 shares. Zeke Capital Llc holds 6,343 shares. Edge Wealth Ltd Llc holds 120 shares or 0% of its portfolio. Connor Clark And Lunn Inv Mngmt Limited reported 0.04% in Southern Co (NYSE:SO). Hanson Mcclain has invested 0.04% of its portfolio in Southern Co (NYSE:SO). Ngam Advisors Limited Partnership holds 0.04% of its portfolio in Southern Co (NYSE:SO) for 63,345 shares. St Johns Mngmt Ltd Liability invested in 16,391 shares. Sg Americas Secs Ltd reported 0.26% in Southern Co (NYSE:SO). Gilman Hill Asset Mngmt Ltd accumulated 6,939 shares.

Since May 5, 2017, it had 0 insider purchases, and 4 sales for $7.40 million activity. BEATTIE ART P sold $2.42M worth of stock. Daiss Ann P sold $256,400 worth of stock. $3.43M worth of Southern Co (NYSE:SO) was sold by Kerr – II James Y on Friday, May 5.

Southern Co (NYSE:SO) Ratings Coverage

Among 16 analysts covering The Southern Company (NYSE:SO), 4 have Buy rating, 3 Sell and 9 Hold. Therefore 25% are positive. The Southern Company has $62 highest and $43 lowest target. $51.04’s average target is 0.79% above currents $50.64 stock price. The Southern Company had 40 analyst reports since July 21, 2015 according to SRatingsIntel. Jefferies maintained Southern Co (NYSE:SO) rating on Tuesday, June 6. Jefferies has “Buy” rating and $5500 target. The stock of Southern Co (NYSE:SO) earned “Buy” rating by Jefferies on Friday, March 3. On Tuesday, September 12 the stock rating was maintained by Jefferies with “Buy”. Deutsche Bank upgraded the stock to “Buy” rating in Tuesday, August 1 report. The rating was downgraded by Argus Research to “Hold” on Friday, March 3. RBC Capital Markets maintained the stock with “Hold” rating in Sunday, July 30 report. The firm has “Neutral” rating given on Thursday, July 14 by Goldman Sachs. The firm earned “Hold” rating on Friday, March 31 by BMO Capital Markets. The firm earned “Sector Perform” rating on Friday, May 13 by Howard Weil. The rating was maintained by RBC Capital Markets with “Hold” on Sunday, September 3.

The stock increased 0.48% or $0.24 on September 15, reaching $50.64. About 7.24M shares traded or 62.33% up from the average. Southern Co (NYSE:SO) has risen 2.49% since September 17, 2016 and is uptrending. It has underperformed by 14.21% the S&P500.

Analysts expect Southern Co (NYSE:SO) to report $1.15 EPS on October, 30.They anticipate $0.13 EPS change or 10.16 % from last quarter’s $1.28 EPS. SO’s profit would be $1.15 billion giving it 11.01 P/E if the $1.15 EPS is correct. After having $0.73 EPS previously, Southern Co’s analysts see 57.53 % EPS growth.

The Southern Company is a holding company. The company has market cap of $50.61 billion. The Firm 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. It has a 77.21 P/E ratio. The Company’s divisions include Gas distribution operations, Gas marketing services, Wholesale gas services, Gas midstream activities and All other.

More notable recent Southern Co (NYSE:SO) news were published by: Bizjournals.com which released: “TOUR Championship partners Southern Co., Coca-Cola offering new event perks” on August 31, 2017, also Seekingalpha.com with their article: “Southern Company: Is Deliverance Near?” published on August 18, 2017, Businessinsider.com published: “Southern Co seeks approval to complete Georgia nuclear reactors” on August 31, 2017. More interesting news about Southern Co (NYSE:SO) were released by: Seekingalpha.com and their article: “Southern Company Justifies Stockholders’ Faith Despite Plant Vogtle” published on August 29, 2017 as well as Streetinsider.com‘s news article titled: “Guggenheim Upgrades Southern Co. (SO) to Buy” with publication date: September 14, 2017.

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