News coverage about Southern Company (The) (NYSE:SO) has trended somewhat positive on Wednesday, according to Accern Sentiment. The research firm identifies positive and negative news 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 positive one, with scores nearest to one being the most favorable. Southern Company (The) earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave media headlines about the utilities provider an impact score of 46.2697548087123 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media headlines that may have impacted Accern’s rankings:
- Southland apartment rents to keep climbing, report predicts (latimes.com)
- Gulf Power grant to help dune lake restoration – The Northwest Florida Daily News (nwfdailynews.com)
- Southern Company third-quarter earnings to be released November 1 – PR Newswire (press release) (prnewswire.com)
- Southern Company (The) (SO) Upgraded to “Buy” at Zacks Investment Research (americanbankingnews.com)
Shares of Southern Company (NYSE:SO) traded up 0.48% on Wednesday, reaching $50.48. 4,431,754 shares of the company’s stock were exchanged. The firm’s 50 day moving average price is $49.23 and its 200-day moving average price is $49.34. Southern Company has a 12 month low of $46.20 and a 12 month high of $52.22. The company has a market capitalization of $50.45 billion, a P/E ratio of 83.03 and a beta of 0.13.
Southern Company (The) (NYSE:SO) last announced its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.73 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.02. The business had revenue of $5.43 billion during the quarter, compared to analysts’ expectations of $5.23 billion. Southern Company (The) had a return on equity of 11.30% and a net margin of 2.93%. The firm’s quarterly revenue was up 21.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.74 EPS. On average, equities analysts anticipate that Southern Company will post $2.95 EPS for the current year.
Several equities analysts have weighed in on the stock. Royal Bank Of Canada restated a “hold” rating and set a $53.00 target price on shares of Southern Company (The) in a report on Monday, July 31st. J P Morgan Chase & Co began coverage on shares of Southern Company (The) in a research note on Tuesday, August 8th. They set an “overweight” rating and a $16.78 price target on the stock. BidaskClub raised shares of Southern Company (The) from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Credit Suisse Group raised shares of Southern Company (The) from an “underperform” rating to a “neutral” rating in a research note on Thursday, August 3rd. Finally, Zacks Investment Research raised shares of Southern Company (The) from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a research note on Tuesday. Two analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $49.44.
In other Southern Company (The) news, EVP Christopher C. Womack sold 75,144 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $49.29, for a total transaction of $3,703,847.76. Following the completion of the sale, the executive vice president now owns 85,298 shares of the company’s stock, valued at $4,204,338.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.74% of the stock is owned by corporate insiders.
About Southern Company (The)
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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