Southern (NYSE:SO) had its price target upped by Barclays from $48.00 to $49.00 in a research note published on Monday morning. The brokerage currently has a hold rating on the utilities provider’s stock.

Other research analysts also recently issued research reports about the stock. Credit Suisse Group downgraded shares of Southern from a neutral rating to an underperform rating and dropped their target price for the company from $46.00 to $43.00 in a research report on Thursday, August 9th. Bank of America dropped their target price on shares of Southern from $47.00 to $46.00 and set an underperform rating on the stock in a research report on Wednesday, August 22nd. Guggenheim downgraded shares of Southern from a buy rating to a neutral rating and dropped their target price for the company from $50.00 to $47.00 in a research report on Wednesday, August 8th. Scotiabank reiterated a hold rating and set a $44.00 target price on shares of Southern in a research report on Thursday, August 9th. Finally, Evercore ISI downgraded shares of Southern from an in-line rating to an underperform rating in a research report on Thursday, August 9th. Six investment analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the stock. Southern presently has a consensus rating of Hold and a consensus price target of $46.32.

NYSE:SO opened at $45.63 on Monday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.58 and a current ratio of 0.72. Southern has a 52 week low of $42.38 and a 52 week high of $52.00. The firm has a market capitalization of $48.40 billion, a PE ratio of 15.11, a PEG ratio of 3.45 and a beta of -0.09.

Southern (NYSE:SO) last released its earnings results on Wednesday, November 7th. The utilities provider reported $1.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.07 by $0.07. Southern had a net margin of 10.35% and a return on equity of 12.88%. The company had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $6.68 billion. During the same quarter in the previous year, the company earned $1.12 EPS. Southern’s quarterly revenue was up 8.0% compared to the same quarter last year. Equities research analysts forecast that Southern will post 3.03 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 6th. Shareholders of record on Monday, November 19th will be issued a dividend of $0.60 per share. The ex-dividend date is Friday, November 16th. This represents a $2.40 annualized dividend and a yield of 5.26%. Southern’s payout ratio is 79.47%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Kaizen Advisory LLC raised its holdings in Southern by 133.8% during the second quarter. Kaizen Advisory LLC now owns 2,284 shares of the utilities provider’s stock worth $106,000 after buying an additional 1,307 shares during the last quarter. Destination Wealth Management raised its holdings in Southern by 359.3% during the second quarter. Destination Wealth Management now owns 2,315 shares of the utilities provider’s stock worth $107,000 after buying an additional 1,811 shares during the last quarter. Horan Capital Advisors LLC. acquired a new position in Southern during the second quarter worth $121,000. Point72 Hong Kong Ltd acquired a new position in Southern during the second quarter worth $119,000. Finally, BerganKDV Wealth Management LLC acquired a new position in Southern during the second quarter worth $130,000. Hedge funds and other institutional investors own 56.97% of the company’s stock.

About Southern

The Southern Company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity. The company also constructs, acquires, owns, and manages power generation assets, including renewable energy facilities and sells electricity in the wholesale market; and distributes natural gas in Illinois, Georgia, Virginia, New Jersey, Florida, Tennessee, and Maryland, as well as provides gas marketing services, wholesale gas services, and gas midstream operations.

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Analyst Recommendations for Southern (NYSE:SO)

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