Jefferies Maintains Southern Co to Hold with Price Target $55.00

Brokerage firm Jefferies Maintains its rating on Southern Co(NYSE:SO). In a research note issued to the investors, the brokerage major Raises the price-target to $55.00 per share. The shares have been rated Hold. The rating by Jefferies was issued on Jul 28, 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. On Jul 14, 2016, Goldman Sachs said it Reinstates its rating on Southern Co. The shares have been rated ‘Neutral’ 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) made into the market gainers list on Thursdays trading session with the shares advancing 0.23% or 0.12 points. Due to strong positive momentum, the stock ended at $53.16, which is also near the day’s high of $53.4. The stock began the session at $53.1 and the volume stood at 32,28,909 shares. The 52-week high of the shares is $54.64 and the 52 week low is $41.81. The company has a current market capitalization of $48,815 M and it has 91,82,58,430 shares in outstanding.

Southern Co(SO) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $4.45B. Analysts had an estimated revenue of $4.54B. Earnings per share were $0.74. Analysts had estimated an EPS of $0.69.

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.

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