Southern Company (The) (SO) – Citigroup Holds Rating And Sets New Price Target

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Southern Company (The) (NYSE:SO).

On July 26 Citigroup kept the company rating at “Sell” but lowered the price expectation from $44.00 to $43.00. On August 1, 2017 the stock rating was rated “Buy” according to a Deutsche Bank report a boost from the previous “Hold” rating.

On September 29 the company was set at “Outperform” by RBC Capital which was a boost from the previous “Sector Perform” rating.

In the market the company is trading up from yesterday’s close of 52.2. Additionally the company recently declared a dividend to be paid on Wednesday the 6th of December 2017. The dividend payment will be $0.580 per share for the quarter or $2.32 on an annualized basis. The dividend yield will be $4.46. The ex-dividend date has been established as Thursday the 17th of August 2017.

Shares are trading at $52.22 which is a tad above the 50 day moving average which is $49.97 and slightly over the 200 day moving average of $49.42. The 50 day moving average was up $2.25 or +4.49% and the 200 day average was up $2.80.

The Southern Company (Southern Company), launched on November 9, 1945, 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 owns all of the outstanding common stock of.

Southern Company (The) currently has a P/E ratio of 85.89 and the market cap is 52.19B. In the latest earnings report the EPS was $0.61 and is expected to be $2.95 for the current year with 999,473,000 shares outstanding. Analysts expect next quarter’s EPS will be $0.44 and the next full year EPS is projected to be $3.03.

Traders are a little more bearish on the company recently considering the uptick in short interest. The firm realized a rise in short interest between September 15, 2017 and September 29, 2017 of 3.00%. Short interest increased from 20,612,536 to 21,231,835 over that timeframe. The days to cover increased to 4.0 and the short interest percentage is 0.02% as of September 29.

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