SunTrust Robinson Humphrey Maintains Southern Co to Neutral with Price Target $51.00

Brokerage firm SunTrust Robinson Humphrey Maintains its rating on Southern Co(NYSE:SO). In a research note issued to the investors, the brokerage major Lowers the price-target to $51.00 per share. The shares have been rated Neutral. The rating by SunTrust Robinson Humphrey was issued on Sep 12, 2016.

In a different note, On Aug 29, 2016, SunTrust Robinson Humphrey said it Maintains its rating on Southern Co. In the research note, the firm Lowers the price-target to $53.00 per share. The shares have been rated ‘Neutral’ by the firm. On Aug 1, 2016, SunTrust Robinson Humphrey said it Maintains its rating on Southern Co. In the research note, the firm Raises the price-target to $54.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jul 28, 2016, Jefferies said it Maintains its rating on Southern Co. In the research note, the firm Raises the price-target to $50.00 per share. The shares have been rated ‘Hold’ by the firm. 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.

Southern Co (SO) shares turned negative on Tuesdays trading session with the shares closing down -0.29 points or -0.55% at a volume of 34,29,054. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $52.66. The peak price level was also seen at $52.66 while the days lowest was $52.13. Finally the shares closed at $52.14. The 52-week high of the shares is $54.64 while the 52-week low is $42.801. According to the latest information available, the market cap of the company is $49,095 M.

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 Aug 3, 2016, Christopher C Womack (EVP & Pres. External Affairs) sold 46,008 shares at $53.40 per share price.Also, On Aug 2, 2016, Stan W Connally (President & CEO, Gulf Power Co) sold 14,392 shares at $53.75 per share price.On Aug 1, 2016, Mark A. Crosswhite (President & CEO, APC) sold 167,273 shares at $53.30 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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