Media headlines about Southern (NYSE:SO) have been trending somewhat positive this week, according to Accern. Accern rates the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Southern earned a news impact score of 0.16 on Accern’s scale. Accern also gave media coverage about the utilities provider an impact score of 44.8119590131917 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s rankings:
- The Hearing and Speech Agency Partners with Local Restaurants to Provide Inclusive Dining Experience for Hard of Hearing Individuals (prweb.com)
- Kinnard Farms scholarships open for Southern Door, Kewaunee County high school students (greenbaypressgazette.com)
- Alabama Power Dividends Declared (finance.yahoo.com)
- State Sen. Chuck Hufstelter questions financial plan for Plant Vogtle (finance.yahoo.com)
- Southern Company Fell to 2-Year Low on Goldman Sachs Downgrade (finance.yahoo.com)
SO has been the subject of several research reports. Zacks Investment Research upgraded shares of Southern from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. Bank of America restated an “underperform” rating and set a $51.00 price objective on shares of Southern in a research note on Tuesday, October 24th. SunTrust Banks restated a “hold” rating and set a $52.00 price objective on shares of Southern in a research note on Friday, October 20th. Goldman Sachs Group restated a “sell” rating on shares of Southern in a research note on Wednesday. Finally, Guggenheim upgraded shares of Southern from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $49.00 to $56.00 in a research note on Thursday, September 14th. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company’s stock. Southern presently has an average rating of “Hold” and an average target price of $51.20.
Southern (SO) traded down $0.41 on Friday, hitting $44.84. 8,591,236 shares of the company traded hands, compared to its average volume of 6,802,089. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.57 and a current ratio of 0.73. Southern has a 1 year low of $44.44 and a 1 year high of $53.51. The firm has a market cap of $45,000.00, a PE ratio of 80.07, a P/E/G ratio of 3.45 and a beta of 0.14.
Southern (NYSE:SO) last posted its earnings results on Wednesday, November 1st. The utilities provider reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.04. Southern had a net margin of 2.59% and a return on equity of 10.81%. The firm had revenue of $6.20 billion during the quarter, compared to analysts’ expectations of $6.16 billion. During the same period in the previous year, the business posted $1.27 EPS. The business’s revenue was down 1.0% compared to the same quarter last year. analysts forecast that Southern will post 2.96 earnings per share for the current fiscal year.
In related news, insider Ann P. Daiss sold 5,000 shares of the business’s stock in a transaction on Friday, October 20th. The shares were sold at an average price of $52.28, for a total value of $261,400.00. Following the completion of the transaction, the insider now directly owns 7,394 shares in the company, valued at approximately $386,558.32. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Ann P. Daiss sold 5,080 shares of the business’s stock in a transaction 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 transaction, the insider now owns 7,474 shares of the company’s stock, valued at $398,214.72. The disclosure for this sale can be found here. Over the last quarter, insiders sold 128,662 shares of company stock valued at $6,772,438. Company insiders own 0.74% of the company’s stock.
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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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