In a report released yesterday, Michael Weinstein W. from Credit Suisse maintained a Hold rating on Southern Co (SO), with a price target of $48. The company’s shares closed yesterday at $50.22, close to its 52-week high of $50.35.
According to TipRanks.com, W. is a 3-star analyst with an average return of 5.0% and a 68.8% success rate. W. covers the Utilities sector, focusing on stocks such as NextEra Energy Inc, Eversource Energy, and Northwestern Corp.
Southern Co has an analyst consensus of Hold, with a price target consensus of $48.56, implying a -3.3% downside from current levels. In a report released yesterday, Merrill Lynch also maintained a Hold rating on the stock with a $51 price target.
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Southern Co’s market cap is currently $51.93B and has a P/E ratio of 21.01. The company has a Price to Book ratio of 2.08.
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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
