The Southern Company (NYSE:SO) registered a -0.31% decrease, still its new closing price is 7.67% up from the company’s 1 year high of 53.44.It posted -1.18% losses in previous 5 sessions and is now the subject of 13 analysts who together assign a hold rating on stock. 3 of Wall Street analysts have an underperform rating; the 3 sells versus 1 buy or better ratings. The 21 stock analysts following this company have an average price target at $50.78, with individual PT in the $44.00-$55.00 range. The shares moved at $48.48, implying that brokerage firms see shares gaining about 4.99% in twelve months time.
The Southern Company (SO) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a -1.44% fall year to date. A President & CEO, GPC at The Southern Company (SO) offloaded shares in a transaction closed on Monday January 09, 2017. BOWERS WILLIAM P sold 70,680 shares in the company at $48.88 each and collected $3,454,001 in proceeds. BOWERS WILLIAM P now owns 66,840 shares in the company after this transaction. A EVP & Pres. External Affairs in the company, WOMACK CHRISTOPHER C, disclosed a transaction on Tuesday August 02, 2016 that ended up generating $2,456,001 from the sale of 46,008 shares at $53.4 per share.
The Southern Company (NYSE:SO) Upcoming Results on Tap
The Southern Company will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.74 in that period. Sales during the quarter are predicted to arrive at $5.25 billion.
Earnings surprise history: Last quarter, the company posted approximately $6.26 billion in revenue and EPS of $1.28. The mean forecast was for $5.98 billion and $1.17 a share, respectively. One quarter earlier, revenue for the stock was at $4.45 billion, with earnings at $0.74/share.
The Southern Company (SO) Brokerage Update
The Southern Company (SO) is in Barclays’s research list so their analyst rating change is noteworthy. These shares were upgraded to Overweight from Equal Weight by Barclays, according to news reported on Thursday July 14, 2016.Another important research note was issued by Argus on Tuesday June 24, 2014.The firm upgraded SO to Buy from Hold. Over the last six months and over the last three months, the shares of The Southern Company (SO), have changed -6.92% and -3.77%, respectively.