Southern (NYSE:SO) Rating Kept
In an analyst report sent to investors and clients on 28 June, Southern (NYSE:SO) stock “Sector Perform” was reconfirmed at RBC Capital. They currently have a $53.0 target price per share on the stock. RBC Capital’s target price per share indicates a potential upside of 7.29 % from the company’s last stock close.
NYSE:SO is currently trading -1.40% lower at $49.40 as of 10:10 PM New York time. Southern’s stock is 0% in the past 200 days. It has underperformed the Standard & Poor’s 500 index, which has surged 6.00% in the same time.
Out of 14 brokers covering Southern, 1 rate it a Buy, 13 indicate a Hold while 4 suggest a Sell. The highest target is $53 and the lowest is $45 according to Thomson/First Call. The 12-month mean target is $49.29, which means downside potential of 0.22% over the current price.
Rocky Mountain Advisers Llc had the biggest stake with ownership of 17,603 shares as of q2 2015 for 4.71% of the equity exposure. Randolph Co Inc is another bull as the investment manager who is owning 341,307 shares of Southern or 4.41% of their equity exposure. Further, Financial Advantage Inc. have 3.91% of their equity exposure invested in the company for 82,494 shares. The Illinois-based fund Forester Capital Management Ltd revealed it had bought so far a stake worth about 3.57% of the investment manager’s stock portfolio in Southern. The Alabama-based fund Aull & Monroe Investment Management Corp is also positive about the stock, possessing 74,340 shares or 3.47% of their equity exposure.
Southern (NYSE:SO) 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.
Southern (NYSE:SO) traded down -1.40% on 28 June, hitting $49.4. A total of 4.40M shares of the company’s stock traded hands. This is down from average of 4.76M shares. Southern has a 52 week low of $46.20 and a 52 week high of $54.64. The company has a market cap of $49.42B and a P/E ratio of 18.36.
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