Media headlines about Southern Company (The) (NYSE:SO) have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern scores the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Southern Company (The) earned a media sentiment score of 0.05 on Accern’s scale. Accern also gave news articles about the utilities provider an impact score of 64 out of 100, meaning that recent media coverage is somewhat likely to have an effect on the company’s share price in the next few days.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
- DON MCKEE: Whither Vogtle nuclear project: Decision for Southern Company, Georgia Power (mdjonline.com)
- Is This $25 Billion Nuclear Project A Go? (finance.yahoo.com)
- How SO, ETR, and FE Utilities Have Performed Recently (finance.yahoo.com)
- Morgan Stanley Raises Southern Company (The) (NYSE:SO) Price Target to $50.00 (americanbankingnews.com)
- Opinion: Ga. Power, Southern Co. have nuked a lot of credibility – MyAJC (myajc.com)
Shares of Southern Company (SO) traded down 0.80% during mid-day trading on Friday, hitting $48.42. 3,227,618 shares of the company traded hands. Southern Company has a 52-week low of $46.20 and a 52-week high of $53.73. The firm has a market cap of $48.39 billion, a price-to-earnings ratio of 79.64 and a beta of 0.12. The firm has a 50-day moving average price of $48.08 and a 200 day moving average price of $49.46.
Southern Company (The) (NYSE:SO) last released its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.73 EPS for the quarter, topping the consensus estimate of $0.71 by $0.02. The business had revenue of $5.43 billion during the quarter, compared to analyst estimates of $5.23 billion. Southern Company (The) had a net margin of 2.93% and a return on equity of 11.30%. The company’s quarterly revenue was up 21.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.74 earnings per share. Equities research analysts anticipate that Southern Company will post $2.95 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 6th. Stockholders of record on Monday, August 21st will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Thursday, August 17th. This represents a $2.32 annualized dividend and a dividend yield of 4.79%. Southern Company (The)’s dividend payout ratio is currently 346.27%.
Several brokerages have issued reports on SO. J P Morgan Chase & Co began coverage on shares of Southern Company (The) in a research report on Tuesday. They set an “overweight” rating and a $16.78 price objective on the stock. Credit Suisse Group raised shares of Southern Company (The) from an “underperform” rating to a “neutral” rating in a research report on Thursday, August 3rd. Zacks Investment Research downgraded shares of Southern Company (The) from a “hold” rating to a “sell” rating in a research report on Tuesday, April 25th. Morgan Stanley raised their price objective on shares of Southern Company (The) from $50.00 to $51.00 and gave the stock an “underweight” rating in a research report on Monday, May 8th. Finally, Barclays PLC reissued a “buy” rating and set a $55.00 price objective on shares of Southern Company (The) in a research report on Monday, May 15th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $48.79.
In related news, CEO Mark Lantrip sold 25,000 shares of the stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $51.50, for a total value of $1,287,500.00. Following the completion of the transaction, the chief executive officer now owns 31,080 shares in the company, valued at approximately $1,600,620. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Christopher C. Womack sold 75,144 shares of the stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $49.29, for a total transaction of $3,703,847.76. Following the completion of the transaction, the executive vice president now owns 85,298 shares of the company’s stock, valued at approximately $4,204,338.42. The disclosure for this sale can be found here. Insiders sold a total of 152,084 shares of company stock valued at $7,665,158 in the last quarter. 1.00% of the stock is currently owned by insiders.
Southern Company (The) Company Profile
The Southern Company (Southern Company) is a holding company. The Company owns all of the stock of the traditional electric operating companies and the parent entities of Southern Power Company (Southern Power) and Southern Company Gas, and owns other direct and indirect subsidiaries. The Company’s segments include Gas distribution operations, Gas marketing services, Wholesale gas services, Gas midstream operations and All other.
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