RBC Capital analyst Shelby Tucker maintained a Buy rating on Southern Co (SO) yesterday and set a price target of $67.00. The company’s shares closed last Monday at $58.04.
According to TipRanks.com, Tucker is a 5-star analyst with an average return of 7.2% and a 69.6% success rate. Tucker covers the Utilities sector, focusing on stocks such as Public Service Enterprise, American Electric Power, and Nextera Energy Partners.
The word on The Street in general, suggests a Hold analyst consensus rating for Southern Co with a $59.29 average price target, a 1.5% upside from current levels. In a report released yesterday, KeyBanc also maintained a Buy rating on the stock with a $66.00 price target.
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The company has a one-year high of $71.10 and a one-year low of $41.96. Currently, Southern Co has an average volume of 3.81M.
Based on the recent corporate insider activity of 72 insiders, corporate insider sentiment is neutral on the stock.
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The Southern Co. is a holding company. The firm engages in the sale of electricity. It operates through the following segments: Traditional Electric Operating Companies, Southern Power and Southern Company Gas. The Traditional Electric Operating Companies segment refers to vertically integrated utilities that own generation, transmission and distribution facilities, and supplies electric services in the states of Alabama, Georgia, Florida, and Mississippi. The Southern Power segment constructs, acquires, owns, and manages generation assets such as renewable energy projects and sells electricity in the wholesale market. The Southern Company Gas segment distributes natural gas through natural gas distribution facilities in the states of Illinois, Georgia, Virginia, New Jersey, Florida, Tennessee, and Maryland. The company was founded on November 9, 1945 and is headquartered in Atlanta, GA.
