Southern (SO) to Release Quarterly Earnings on Thursday

Southern (NYSE:SOGet Free Report) will announce its earnings results before the market opens on Thursday, February 15th. Analysts expect the company to announce earnings of $0.62 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Southern Stock Up 2.1 %

NYSE:SO opened at $68.31 on Tuesday. The business’s fifty day moving average price is $70.04 and its 200 day moving average price is $68.87. The company has a current ratio of 0.84, a quick ratio of 0.63 and a debt-to-equity ratio of 1.59. Southern has a 1-year low of $61.56 and a 1-year high of $75.80. The firm has a market capitalization of $74.50 billion, a price-to-earnings ratio of 24.66, a PEG ratio of 4.18 and a beta of 0.50.

Southern Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 6th. Stockholders of record on Tuesday, February 20th will be paid a dividend of $0.70 per share. The ex-dividend date is Friday, February 16th. This represents a $2.80 annualized dividend and a dividend yield of 4.10%. Southern’s dividend payout ratio (DPR) is presently 101.08%.

Analyst Ratings Changes

Several research firms recently weighed in on SO. Scotiabank cut Southern from a “sector outperform” rating to a “sector perform” rating and set a $78.00 price objective for the company. in a research report on Friday, November 3rd. Barclays cut their price target on Southern from $68.00 to $67.00 and set an “equal weight” rating for the company in a report on Wednesday, January 17th. Mizuho cut their price target on Southern from $76.00 to $73.00 and set a “buy” rating for the company in a report on Tuesday, November 21st. Citigroup assumed coverage on Southern in a report on Friday, December 8th. They issued a “buy” rating and a $82.00 price target for the company. Finally, BMO Capital Markets raised Southern from a “market perform” rating to an “outperform” rating and upped their price target for the company from $72.00 to $77.00 in a report on Thursday, January 11th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Southern has an average rating of “Hold” and a consensus price target of $74.00.

Get Our Latest Analysis on SO

Insider Activity

In related news, insider David P. Poroch sold 10,000 shares of the stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $69.39, for a total value of $693,900.00. Following the completion of the sale, the insider now directly owns 28,691 shares in the company, valued at $1,990,868.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Southern news, EVP Christopher Cummiskey sold 899 shares of the stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $67.06, for a total transaction of $60,286.94. Following the completion of the sale, the executive vice president now directly owns 22,502 shares in the company, valued at approximately $1,508,984.12. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider David P. Poroch sold 10,000 shares of the stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $69.39, for a total value of $693,900.00. Following the sale, the insider now owns 28,691 shares of the company’s stock, valued at $1,990,868.49. The disclosure for this sale can be found here. In the last ninety days, insiders sold 30,998 shares of company stock worth $2,176,813. Insiders own 0.37% of the company’s stock.

Hedge Funds Weigh In On Southern

Several large investors have recently added to or reduced their stakes in the business. Morgan Stanley grew its stake in Southern by 2.9% in the 4th quarter. Morgan Stanley now owns 9,190,526 shares of the utilities provider’s stock valued at $656,296,000 after buying an additional 255,838 shares in the last quarter. Norges Bank bought a new stake in shares of Southern during the 4th quarter worth $435,979,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Southern by 3.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,452,665 shares of the utilities provider’s stock worth $395,373,000 after acquiring an additional 190,456 shares during the last quarter. Moneta Group Investment Advisors LLC bought a new stake in Southern in the fourth quarter worth $369,131,000. Finally, Goldman Sachs Group Inc. lifted its stake in Southern by 7.0% in the second quarter. Goldman Sachs Group Inc. now owns 4,372,129 shares of the utilities provider’s stock worth $307,142,000 after purchasing an additional 287,417 shares during the last quarter. Institutional investors own 62.85% of the company’s stock.

About Southern

(Get Free Report)

The Southern Company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity. It operates through three segments: Gas Distribution Operations, Gas Pipeline Investments, and Gas Marketing Services. The company also develops, constructs, acquires, owns, and manages power generation assets, including renewable energy projects and sells electricity in the wholesale market; and distributes natural gas in Illinois, Georgia, Virginia, and Tennessee, as well as provides gas marketing services, gas distribution operations, and gas pipeline investments operations.

Further Reading

Earnings History for Southern (NYSE:SO)

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