In a report released today, Ali Agha from SunTrust Robinson reiterated a Hold rating on Southern Co (SO), with a price target of $51. The company’s shares opened today at $49.74, close to its 52-week high of $50.
According to TipRanks.com, Agha is a 5-star analyst with an average return of 11.0% and a 73.8% success rate. Agha covers the Utilities sector, focusing on stocks such as Vistra Energy Corp, Pnm Resources Inc, and Duke Energy Corp.
Southern Co has an analyst consensus of Hold, with a price target consensus of $47.50, representing a -4.5% downside. In a report issued on February 5, Mizuho Securities also reiterated a Hold rating on the stock with a $48.50 price target.
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Based on Southern Co’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $6.2 billion and net profit of $1.17 billion. In comparison, last year the company earned revenue of $5.76 billion and had a net profit of $501 million.
Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Mark Lantrip, the Chair, President & CEO, SCS of SO sold 33,000 shares for a total of $1,633,500.
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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.
