In a report released today, Paul Fremont from Mizuho Securities reiterated a Hold rating on Southern Co (NYSE: SO), with a price target of $44. The company’s shares opened today at $43.91, close to its 52-week low of $42.38.
According to TipRanks.com, Fremont is a 4-star analyst with an average return of 5.4% and a 69.4% success rate. Fremont covers the Utilities sector, focusing on stocks such as Public Service Enterprise, El Paso Electric Company, and American Electric Power.
Southern Co has an analyst consensus of Moderate Sell, with a price target consensus of $46.33.
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Based on Southern Co’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $5.66 billion and GAAP net loss of $150 million. In comparison, last year the company earned revenue of $5.41 billion and had a GAAP net loss of $1.37 billion.
Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock.
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The Southern Co. is a holding company, which engages in the sale of electricity. It operates through the following segments: Traditional Electric Operating Companies, Southern Power, Southern Company Gas, and All Other.
