November 24, 2016 - By Ellis Scott · 0 Comments
Southern Co (NYSE:SO) institutional sentiment decreased to 1.17 in 2016 Q2. Its down -0.16, from 1.33 in 2016Q1. The ratio dropped, as 491 hedge funds increased and opened new positions, while 370 decreased and sold their equity positions in Southern Co. The hedge funds in our partner’s database now own: 460.78 million shares, up from 458.75 million shares in 2016Q1. Also, the number of hedge funds holding Southern Co in their top 10 positions decreased from 25 to 20 for a decrease of 5. Sold All: 51 Reduced: 319 Increased: 416 New Position: 75.
The Southern Company is a holding company. The company has a market cap of $46.34 billion. The Firm owns all of the stock of the traditional operating companies and Southern Power Company (Southern Power), and owns other direct and indirect subsidiaries. It has a 18 P/E ratio. Southern Company’s divisions include the sale of electricity by four traditional operating companies, Southern Power and All Other.
The stock decreased 0.78% or $0.37 on November 23, hitting $47.23. About 4.56 million shares traded hands. Southern Co (NYSE:SO) has declined 4.12% since April 22, 2016 and is downtrending. It has underperformed by 9.53% the S&P500.
Analysts await Southern Co (NYSE:SO) to report earnings on February, 1. They expect $0.31 earnings per share, down 29.55% or $0.13 from last year’s $0.44 per share. SO’s profit will be $304.16 million for 38.09 P/E if the $0.31 EPS becomes a reality. After $1.28 actual earnings per share reported by Southern Co for the previous quarter, Wall Street now forecasts -75.78% negative EPS growth.
According to Zacks Investment Research, “Southern Energy acquires, develops, builds, owns and operates power production and delivery facilities and provides a broad range of energy-related services to utilities and industrial companies in selected countries around the world. Southern Energy businesses include independent power projects, integrated utilities, a distribution company, and energy trading and marketing businesses outside the southeastern United States.”
Rocky Mountain Advisers Llc holds 4.85% of its portfolio in Southern Co for 16,992 shares. Randolph Co Inc owns 341,307 shares or 4.71% of their US portfolio. Moreover, Pring Turner Capital Group Inc has 3.94% invested in the company for 56,185 shares. The Illinois-based Forester Capital Management Ltd has invested 3.89% in the stock. Aull & Monroe Investment Management Corp, a Alabama-based fund reported 117,953 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 8 sales for $32.10 million net activity.
Ratings analysis reveals 11% of The Southern Company’s analysts are positive. Out of 9 Wall Street analysts rating The Southern Company, 1 give it “Buy”, 0 “Sell” rating, while 8 recommend “Hold”. The lowest target is $43 while the high is $62. The stock’s average target of $50.50 is 6.92% above today’s ($47.23) share price. SO was included in 19 notes of analysts from July 21, 2015. SunTrust maintained Southern Co (NYSE:SO) on Monday, September 26 with “Neutral” rating. Goldman Sachs maintained the shares of SO in a report on Thursday, July 14 with “Neutral” rating. Barclays Capital upgraded it to “Overweight” rating and $62 target price in Thursday, July 14 report. The stock of Southern Co (NYSE:SO) earned “Sector Perform” rating by Howard Weil on Friday, May 13. SunTrust maintained it with “Neutral” rating and $47 target price in Monday, October 19 report. The firm has “Sector Perform” rating by Scotia Capital given on Friday, May 13. The stock of Southern Co (NYSE:SO) has “Hold” rating given on Sunday, August 16 by Zacks.
The Southern Company (Southern Company), incorporated on November 9, 1945, is a holding company. The Firm owns all of the stock of the traditional operating companies and Southern Power Company (Southern Power), and owns other direct and indirect subsidiaries. Southern Company’s divisions include the sale of electricity by four traditional operating companies, Southern Power and All Other. The traditional operating companies, including Alabama Power Company (Alabama Power), Georgia Power Company (Georgia Power), Gulf Power Company (Gulf Power) and Mississippi Power Company (Mississippi Power), are vertically integrated utilities providing electric service in over four Southeastern states. Southern Company owns all of the membership interests of Southern Communications Services, Inc. (SouthernLINC Wireless), Southern Nuclear Operating Company, Inc. (Southern Nuclear), Southern Company Services, Inc. (SCS), Southern Company Holdings, Inc. (Southern Holdings), and other direct and indirect subsidiaries. The Company’s subsidiary also includes PowerSecure International, Inc.
More notable recent Southern Co (NYSE:SO) news were published by: Wsj.com which released: “Southern Co. Revenue and Profit Rise” on October 31, 2016, also Prnewswire.com with their article: “Southern Company announces new legal team leadership” published on November 16, 2016, Streetinsider.com published: “Southern Co. (SO) Unit to Acquire Boulder Solar I Facility from SunPower (SPWR)” on November 17, 2016. More interesting news about Southern Co (NYSE:SO) were released by: Fool.com and their article: “General Electric and Southern Company Team Up to Power the Planet With Nuclear …” published on November 15, 2016 as well as Fortune.com‘s news article titled: “Why Southern Company and Bloom Energy Are Combining Fuel Cells and Batteries” with publication date: October 25, 2016.
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By Ellis Scott