Brokerage firm Goldman Sachs Reinstates its rating on Southern Co(NYSE:SO). The shares have been rated Neutral. The rating by Goldman Sachs was issued on Jul 14, 2016.
In a different note, On Jul 14, 2016, Barclays said it Upgrades its rating on Southern Co. In the research note, the firm Raises the price-target to $59.00 per share. The shares have been rated ‘Overweight’ by the firm. Scotia Howard Wiel said it Initiates Coverage on Southern Co, according to a research note issued on May 13, 2016. The shares have been rated ‘Sector Perform’ by the firm.
Southern Co (SO) shares turned negative on Mondays trading session with the shares closing down -0.01 points or -0.02% at a volume of 35,61,926. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $53.91. The peak price level was also seen at $53.91 while the days lowest was $53.56. Finally the shares closed at $53.62. The 52-week high of the shares is $54.485 while the 52-week low is $41.81. According to the latest information available, the market cap of the company is $49,237 M.
Southern Co(SO) last announced its earnings results on Apr 27, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $3.96B. Analysts had an estimated revenue of $4.25B. Earnings per share were $0.58. Analysts had estimated an EPS of $0.53.
Several Insider Transactions has been reported to the SEC. On Jul 6, 2016, Kimberly S, Greene (EVP & COO, Southern Co.) sold 141,818 shares at $54.00 per share price.Also, On Jul 6, 2016, Mark Lantrip (President & CEO, SCS) sold 35,884 shares at $54.00 per share price.On Jul 6, 2016, Art P Beattie (Executive Vice President & CFO) sold 123,207 shares at $54.12 per share price, according to the Form-4 filing with the securities and exchange commission.
Southern Company is an operating public utility company. The primary business of the Southern Company is electricity sales by the traditional operating companies and Southern Power. Southern Company’s business segments are the sale of electricity by the four traditional operating companies and Southern Power. The four traditional operating companies including Alabama Power Georgia Power Gulf Power and Mississippi Power are vertically integrated utilities providing electric service in four Southeastern states. Southern Company owns all of the common stock of Southern Power Company which is also an operating public utility company. Southern Power constructs acquires owns and manages generation assets including renewable energy projects and sells electricity at market-based rates in the wholesale market. The Company also operates the All Other segment.