Somewhat Positive News Coverage Somewhat Unlikely to Affect Southern (SO) Stock Price

Headlines about Southern (NYSE:SO) have trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Southern earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news articles about the utilities provider an impact score of 45.9289162312422 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

These are some of the media stories that may have impacted Accern’s scoring:

Southern (SO) traded down $0.09 during trading hours on Friday, reaching $51.11. 4,710,000 shares of the company’s stock traded hands, compared to its average volume of 4,110,000. The company has a quick ratio of 0.57, a current ratio of 0.73 and a debt-to-equity ratio of 1.73. The firm has a market cap of $51,300.00, a price-to-earnings ratio of 18.59, a price-to-earnings-growth ratio of 4.61 and a beta of 0.13. Southern has a 12 month low of $46.24 and a 12 month high of $53.51.

Southern (NYSE:SO) last posted its earnings results on Wednesday, November 1st. The utilities provider reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.04. The company had revenue of $6.20 billion for the quarter, compared to analyst estimates of $6.16 billion. Southern had a net margin of 2.59% and a return on equity of 10.81%. Southern’s revenue was down 1.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.27 EPS. sell-side analysts anticipate that Southern will post 2.95 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 6th. Shareholders of record on Monday, November 20th will be issued a $0.58 dividend. The ex-dividend date of this dividend is Friday, November 17th. This represents a $2.32 annualized dividend and a yield of 4.54%. Southern’s payout ratio is 414.29%.

SO has been the topic of several research analyst reports. Guggenheim upgraded shares of Southern from a “neutral” rating to a “buy” rating and lifted their target price for the company from $49.00 to $56.00 in a research report on Thursday, September 14th. Citigroup restated a “sell” rating and set a $44.00 price target (up from $43.00) on shares of Southern in a research report on Tuesday, October 3rd. Zacks Investment Research lowered shares of Southern from a “buy” rating to a “hold” rating in a research report on Friday, October 13th. Mizuho upgraded shares of Southern from a “neutral” rating to a “buy” rating and set a $53.00 price target on the stock in a research report on Tuesday, September 5th. Finally, BidaskClub lowered shares of Southern from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company’s stock. Southern currently has an average rating of “Hold” and a consensus price target of $49.72.

In other news, CEO William P. Bowers sold 85,151 shares of the business’s stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $50.00, for a total value of $4,257,550.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Ann P. Daiss sold 5,080 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $53.28, for a total transaction of $270,662.40. Following the completion of the sale, the insider now directly owns 7,474 shares in the company, valued at $398,214.72. The disclosure for this sale can be found here. Insiders sold a total of 213,813 shares of company stock worth $11,029,988 over the last quarter. 1.00% of the stock is currently owned by company insiders.

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Southern 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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