Key Equity Research Analysts at Jefferies Maintained their ‘”Buy”’ rating for Southern Co (NYSE:SO) Shares Today. Their Target is $56.5

September 17, 2017 - By Maria Brooks

 Key Equity Research Analysts at Jefferies Maintained their ‘

Investors sentiment decreased to 1.12 in 2016 Q4. Its down 0.05, from 1.17 in 2016Q3. It worsened, 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.

Piedmont Invest Limited Liability Corp accumulated 197,903 shares. Cornerstone Inc owns 135,717 shares. Heritage Investors Corp reported 15,954 shares or 0.06% of all its holdings. Livingston Group Incorporated Asset Mgmt Co (Operating As Southport Capital Management) holds 4,646 shares or 0.14% of its portfolio. Wesbanco National Bank & Trust Inc stated it has 0.2% of its portfolio in Southern Co (NYSE:SO). Lakeview Prtnrs Limited Liability Com has 37,642 shares. Teachers Retirement Sys Of The State Of Kentucky reported 116,400 shares. Nikko Asset Management Americas Inc accumulated 3,900 shares. Commerzbank Aktiengesellschaft Fi, Germany-based fund reported 83,948 shares. Reynders Mcveigh Cap Management holds 5,281 shares or 0.04% of its portfolio. Birmingham Mngmt Com Incorporated Al has 1.83% invested in Southern Co (NYSE:SO) for 88,237 shares. Tci Wealth Advisors invested in 4,760 shares. Northstar Investment Advsrs Ltd Liability Co, Colorado-based fund reported 148,864 shares. Brown Advisory stated it has 0.01% of its portfolio in Southern Co (NYSE:SO). Zeke Cap Advsr Limited reported 6,343 shares.

Since May 5, 2017, it had 0 insider purchases, and 4 insider sales for $7.40 million activity. 25,000 Southern Co (NYSE:SO) shares with value of $1.29M were sold by Lantrip Mark. The insider Kerr – II James Y sold $3.43M. Daiss Ann P also sold $256,400 worth of Southern Co (NYSE:SO) on Monday, June 12.

Southern Co (NYSE:SO) Rating Reaffirmed

In analysts note sent to clients and investors this morning, Jefferies reconfirmed their “Buy” rating on Southern Co (NYSE:SO) shares. The TP gives a possible upside of 11.57 % from firm’s last stock close price.

Investors sentiment decreased to 1.12 in 2016 Q4. Its down 0.05, from 1.17 in 2016Q3. It worsened, 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.

Piedmont Invest Limited Liability Corp accumulated 197,903 shares. Cornerstone Inc owns 135,717 shares. Heritage Investors Corp reported 15,954 shares or 0.06% of all its holdings. Livingston Group Incorporated Asset Mgmt Co (Operating As Southport Capital Management) holds 4,646 shares or 0.14% of its portfolio. Wesbanco National Bank & Trust Inc stated it has 0.2% of its portfolio in Southern Co (NYSE:SO). Lakeview Prtnrs Limited Liability Com has 37,642 shares. Teachers Retirement Sys Of The State Of Kentucky reported 116,400 shares. Nikko Asset Management Americas Inc accumulated 3,900 shares. Commerzbank Aktiengesellschaft Fi, Germany-based fund reported 83,948 shares. Reynders Mcveigh Cap Management holds 5,281 shares or 0.04% of its portfolio. Birmingham Mngmt Com Incorporated Al has 1.83% invested in Southern Co (NYSE:SO) for 88,237 shares. Tci Wealth Advisors invested in 4,760 shares. Northstar Investment Advsrs Ltd Liability Co, Colorado-based fund reported 148,864 shares. Brown Advisory stated it has 0.01% of its portfolio in Southern Co (NYSE:SO). Zeke Cap Advsr Limited reported 6,343 shares.

Since May 5, 2017, it had 0 insider purchases, and 4 insider sales for $7.40 million activity. 25,000 Southern Co (NYSE:SO) shares with value of $1.29M were sold by Lantrip Mark. The insider Kerr – II James Y sold $3.43M. Daiss Ann P also sold $256,400 worth of Southern Co (NYSE:SO) on Monday, June 12.

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. The rating was maintained by Jefferies with “Buy” on Thursday, April 13. The stock has “Underperform” rating by Credit Suisse on Wednesday, January 25. As per Friday, March 31, the company rating was maintained by BMO Capital Markets. The stock of Southern Co (NYSE:SO) earned “Hold” rating by RBC Capital Markets on Sunday, September 3. The firm has “Buy” rating given on Tuesday, June 6 by Jefferies. On Thursday, July 14 the stock rating was upgraded by Barclays Capital to “Overweight”. The firm earned “Buy” rating on Tuesday, August 1 by Deutsche Bank. The firm has “Sector Perform” rating by Scotia Capital given on Friday, May 13. The company was upgraded on Thursday, September 14 by Guggenheim. Jefferies maintained the stock with “Buy” rating in Tuesday, September 12 report.

The stock increased 0.48% or $0.24 on September 15, reaching $50.64. About 7.24 million 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.

Wall Street await Southern Co (NYSE:SO) to release earnings on October, 30. Analysts forecast EPS of $1.15, down exactly $0.13 or 10.16 % from 2014’s $1.28 EPS. The expected SO’s profit could reach $1.15 billion giving the stock 11.01 P/E in the case that $1.15 earnings per share is reported. After posting $0.73 EPS for the previous quarter, Southern Co’s analysts now forecast 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: Nasdaq.com which released: “Southern Company (SO) to Move Ahead With Vogtle Project” on September 05, 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: Nasdaq.com and their article: “Southern Company Vogtle Project Requires More Loan Guarantee” published on August 30, 2017 as well as Seekingalpha.com‘s news article titled: “Southern Company Justifies Stockholders’ Faith Despite Plant Vogtle” with publication date: August 29, 2017.

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