Somewhat Favorable News Coverage Somewhat Unlikely to Impact Southern (SO) Share Price

Media stories about Southern (NYSE:SO) have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Southern earned a daily sentiment score of 0.20 on Accern’s scale. Accern also gave news coverage about the utilities provider an impact score of 45.8975409990497 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Here are some of the media stories that may have impacted Accern Sentiment’s analysis:

Southern (NYSE:SO) traded down $0.10 during mid-day trading on Wednesday, reaching $47.95. 2,658,814 shares of the company’s stock were exchanged, compared to its average volume of 4,751,474. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.73 and a quick ratio of 0.57. Southern has a fifty-two week low of $46.71 and a fifty-two week high of $53.51. The company has a market capitalization of $48,675.96, a PE ratio of 85.63, a price-to-earnings-growth ratio of 3.65 and a beta of 0.13.

Southern (NYSE:SO) last posted its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $1.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.04. Southern had a net margin of 2.59% and a return on equity of 10.81%. The business had revenue of $6.20 billion for the quarter, compared to analysts’ expectations of $6.16 billion. During the same quarter in the previous year, the business posted $1.27 earnings per share. The business’s revenue was down 1.0% compared to the same quarter last year. equities research analysts forecast that Southern will post 2.96 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 6th. Shareholders of record on Monday, November 20th were given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 4.84%. The ex-dividend date of this dividend was Friday, November 17th. Southern’s dividend payout ratio (DPR) is 414.29%.

SO has been the topic of several research reports. KeyCorp restated a “hold” rating on shares of Southern in a research report on Friday, September 1st. Mizuho upgraded shares of Southern from a “neutral” rating to a “buy” rating and set a $53.00 price target on the stock in a research report on Tuesday, September 5th. Zacks Investment Research cut shares of Southern from a “hold” rating to a “sell” rating in a research report on Monday, September 11th. Jefferies Group restated a “buy” rating and issued a $56.00 price target (up previously from $55.00) on shares of Southern in a research report on Tuesday, September 12th. Finally, Guggenheim upgraded shares of Southern from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $49.00 to $56.00 in a research report on Thursday, September 14th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company. Southern has an average rating of “Hold” and a consensus target price of $49.59.

In other news, insider Ann P. Daiss sold 5,000 shares of the business’s stock in a transaction on Friday, October 20th. The shares were sold at an average price of $52.28, for a total transaction of $261,400.00. Following the completion of the sale, the insider now directly owns 7,394 shares of the company’s stock, valued at $386,558.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP James Y. Kerr II sold 25,000 shares of the business’s stock in a transaction on Friday, October 20th. The shares were sold at an average price of $52.16, for a total transaction of $1,304,000.00. Following the sale, the vice president now directly owns 26,000 shares of the company’s stock, valued at $1,356,160. The disclosure for this sale can be found here. Insiders have sold 213,813 shares of company stock worth $11,029,988 in the last quarter. Company insiders own 0.74% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Southern (NYSE:SO)

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