Breaking: Jefferies Maintains $56.5 PT On Southern Co (NYSE:SO) Shares, Maintains Their Original Buy Rating

September 17, 2017 - By Darrin Black

 Breaking: Jefferies Maintains $56.5 PT On Southern Co (NYSE:SO) Shares, Maintains Their Original Buy Rating

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

The New York-based Tortoise Invest Mgmt Limited Com has invested 0% in Southern Co (NYSE:SO). Sabal Comm accumulated 450,890 shares. Regal Inv Advisors Ltd Liability Corporation invested in 7,961 shares. Brick And Kyle Assoc stated it has 1.53% of its portfolio in Southern Co (NYSE:SO). Jpmorgan Chase & Company accumulated 701,152 shares. Bokf Na holds 0.14% of its portfolio in Southern Co (NYSE:SO) for 85,592 shares. Affinity Wealth Management reported 4,069 shares stake. Apg Asset Mgmt Nv holds 0.35% or 3.96M shares in its portfolio. Advsr Asset Management has 421,953 shares. Epoch Invest Prtnrs Inc holds 3.10 million shares or 0.57% of its portfolio. Clearbridge Invs Ltd Liability Corporation reported 97,914 shares. Hourglass Cap Ltd has invested 0.06% in Southern Co (NYSE:SO). Sadoff Inv Management Limited Company holds 0.92% of its portfolio in Southern Co (NYSE:SO) for 182,023 shares. 113,950 were accumulated by Daiwa Gp. Hayek Kallen Mgmt invested in 1.21% or 33,697 shares.

Since May 5, 2017, it had 0 insider buys, and 4 sales for $7.40 million activity. Lantrip Mark also sold $1.29M worth of Southern Co (NYSE:SO) on Wednesday, June 14. 68,609 shares were sold by Kerr – II James Y, worth $3.43 million. On Monday, June 12 the insider Daiss Ann P sold $256,400.

Southern Co (NYSE:SO) Rating Reaffirmed

Jefferies now has a $56.5 PT on the $50.61B market cap company or 11.57 % upside potential. In a research note revealed to clients and investors on Tuesday morning, Southern Co (NYSE:SO) shares have had their Buy Rating reaffirmed by investment analysts at Jefferies.

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

The New York-based Tortoise Invest Mgmt Limited Com has invested 0% in Southern Co (NYSE:SO). Sabal Comm accumulated 450,890 shares. Regal Inv Advisors Ltd Liability Corporation invested in 7,961 shares. Brick And Kyle Assoc stated it has 1.53% of its portfolio in Southern Co (NYSE:SO). Jpmorgan Chase & Company accumulated 701,152 shares. Bokf Na holds 0.14% of its portfolio in Southern Co (NYSE:SO) for 85,592 shares. Affinity Wealth Management reported 4,069 shares stake. Apg Asset Mgmt Nv holds 0.35% or 3.96M shares in its portfolio. Advsr Asset Management has 421,953 shares. Epoch Invest Prtnrs Inc holds 3.10 million shares or 0.57% of its portfolio. Clearbridge Invs Ltd Liability Corporation reported 97,914 shares. Hourglass Cap Ltd has invested 0.06% in Southern Co (NYSE:SO). Sadoff Inv Management Limited Company holds 0.92% of its portfolio in Southern Co (NYSE:SO) for 182,023 shares. 113,950 were accumulated by Daiwa Gp. Hayek Kallen Mgmt invested in 1.21% or 33,697 shares.

Since May 5, 2017, it had 0 insider buys, and 4 sales for $7.40 million activity. Lantrip Mark also sold $1.29M worth of Southern Co (NYSE:SO) on Wednesday, June 14. 68,609 shares were sold by Kerr – II James Y, worth $3.43 million. On Monday, June 12 the insider Daiss Ann P sold $256,400.

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 firm has “Buy” rating by Guggenheim given on Thursday, September 14. Jefferies maintained Southern Co (NYSE:SO) rating on Wednesday, July 19. Jefferies has “Buy” rating and $5500 target. The stock of Southern Co (NYSE:SO) has “Sector Perform” rating given on Friday, May 13 by Howard Weil. The firm earned “Sector Perform” rating on Friday, May 13 by Scotia Capital. The firm earned “Overweight” rating on Thursday, July 14 by Barclays Capital. The firm earned “Buy” rating on Tuesday, September 12 by Jefferies. On Tuesday, June 6 the stock rating was maintained by Jefferies with “Buy”. RBC Capital Markets maintained the stock with “Hold” rating in Sunday, September 3 report. As per Wednesday, June 28, the company rating was maintained by RBC Capital Markets. As per Monday, October 19, the company rating was maintained by SunTrust.

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 earnings per share of $1.15, down exactly $0.13 or 10.16 % from 2014’s $1.28 EPS. The expected SO’s profit could reach $1.15B 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: Streetinsider.com which released: “Guggenheim Upgrades Southern Co. (SO) to Buy” on September 14, 2017, also Nasdaq.com with their article: “Southern Company Vogtle Project Requires More Loan Guarantee” published on August 30, 2017, Seekingalpha.com published: “Southern Company Justifies Stockholders’ Faith Despite Plant Vogtle” on August 29, 2017. More interesting news about Southern Co (NYSE:SO) were released by: Businessinsider.com and their article: “Southern Co seeks approval to complete Georgia nuclear reactors” published on August 31, 2017 as well as Nasdaq.com‘s news article titled: “Southern Company (SO) to Move Ahead With Vogtle Project” with publication date: September 05, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.