Shares of Southern Company (The) (NYSE:SO – Get Free Report) have been assigned a consensus recommendation of “Hold” from the twenty analysts that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $99.9118.
SO has been the subject of several recent research reports. Citigroup reissued a “buy” rating on shares of Southern in a report on Friday, April 10th. Raymond James Financial reiterated an “outperform” rating and issued a $104.00 price target on shares of Southern in a report on Friday, May 1st. Seaport Research Partners downgraded Southern from a “buy” rating to a “neutral” rating in a research note on Monday, April 20th. Mizuho set a $105.00 price target on shares of Southern in a report on Friday, May 1st. Finally, BMO Capital Markets dropped their price objective on shares of Southern from $105.00 to $102.00 and set an “outperform” rating for the company in a research note on Wednesday.
Check Out Our Latest Stock Analysis on Southern
Institutional Investors Weigh In On Southern
Southern Stock Up 2.1%
SO stock opened at $95.81 on Friday. The business’s 50 day moving average price is $94.28 and its two-hundred day moving average price is $93.60. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.45 and a current ratio of 0.65. The company has a market capitalization of $108.00 billion, a price-to-earnings ratio of 24.38, a price-to-earnings-growth ratio of 1.84 and a beta of 0.34. Southern has a fifty-two week low of $83.80 and a fifty-two week high of $100.83.
Southern (NYSE:SO – Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.11. The business had revenue of $8.40 billion during the quarter, compared to analysts’ expectations of $8.07 billion. Southern had a return on equity of 12.64% and a net margin of 14.46%.The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.23 earnings per share. As a group, analysts forecast that Southern will post 4.58 earnings per share for the current fiscal year.
Southern Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, August 17th will be given a dividend of $0.76 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $3.04 dividend on an annualized basis and a yield of 3.2%. Southern’s payout ratio is 77.35%.
About Southern
Southern Company (NYSE: SO) is an Atlanta-based energy holding company that provides electric and gas utility services and owns power generation assets across the United States. Founded in 1945, the company operates a portfolio of regulated electric utilities and affiliated businesses that generate, transmit and distribute electricity to residential, commercial and industrial customers.
Southern’s principal regulated electric subsidiaries include Georgia Power, Alabama Power and Mississippi Power, which serve large portions of the southeastern United States.
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