Wall Street analysts expect Southern Co (NYSE:SO) to post $5.41 billion in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Southern’s earnings, with the highest sales estimate coming in at $5.45 billion and the lowest estimate coming in at $5.36 billion. Southern posted sales of $5.18 billion in the same quarter last year, which suggests a positive year over year growth rate of 4.4%. The firm is scheduled to issue its next earnings report before the market opens on Wednesday, February 21st.
According to Zacks, analysts expect that Southern will report full-year sales of $5.41 billion for the current financial year, with estimates ranging from $21.84 billion to $22.92 billion. For the next year, analysts anticipate that the company will post sales of $22.73 billion per share, with estimates ranging from $22.05 billion to $24.15 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Southern.
Several equities research analysts have recently commented on the company. Royal Bank of Canada restated a “buy” rating on shares of Southern in a research note on Friday, December 22nd. UBS Group initiated coverage on Southern in a research note on Friday. They set a “neutral” rating and a $46.00 price target for the company. ValuEngine cut Southern from a “buy” rating to a “hold” rating in a research report on Friday. SunTrust Banks set a $49.00 price objective on Southern and gave the stock a “hold” rating in a research report on Wednesday, January 3rd. Finally, Mizuho reissued a “buy” rating and issued a $55.00 target price on shares of Southern in a report on Friday, December 8th. Six analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $50.43.
Southern (NYSE:SO) traded down $0.45 during mid-day trading on Friday, hitting $43.72. The stock had a trading volume of 9,827,994 shares, compared to its average volume of 8,067,512. The firm has a market capitalization of $44,780.00, a P/E ratio of 78.07, a P/E/G ratio of 3.28 and a beta of 0.03. Southern has a 1-year low of $43.16 and a 1-year high of $53.51. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.73 and a quick ratio of 0.57.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 6th. Shareholders of record on Tuesday, February 20th will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 5.31%. The ex-dividend date of this dividend is Friday, February 16th. Southern’s payout ratio is 414.29%.
A number of large investors have recently modified their holdings of the business. Farmers & Merchants Trust Co of Chambersburg PA purchased a new position in shares of Southern in the 3rd quarter worth about $105,000. Monroe Bank & Trust MI raised its holdings in shares of Southern by 17.9% in the 2nd quarter. Monroe Bank & Trust MI now owns 2,300 shares of the utilities provider’s stock worth $110,000 after purchasing an additional 350 shares during the period. AlphaMark Advisors LLC raised its holdings in shares of Southern by 0.6% in the 2nd quarter. AlphaMark Advisors LLC now owns 2,363 shares of the utilities provider’s stock worth $113,000 after purchasing an additional 14 shares during the period. Fieldpoint Private Securities LLC purchased a new position in shares of Southern in the 3rd quarter worth about $118,000. Finally, Thompson Davis & CO. Inc. raised its holdings in shares of Southern by 152.6% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 2,791 shares of the utilities provider’s stock worth $134,000 after purchasing an additional 1,686 shares during the period. 53.64% of the stock is currently owned by hedge funds and other institutional investors.
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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