Southern (SO) Earning Somewhat Positive News Coverage, Report Finds

Press coverage about Southern (NYSE:SO) has trended somewhat positive recently, Accern reports. The research group identifies positive and negative news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Southern earned a coverage optimism score of 0.12 on Accern’s scale. Accern also assigned news articles about the utilities provider an impact score of 46.7507478116198 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

These are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:

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A number of analysts have commented on the company. Zacks Investment Research downgraded Southern from a “buy” rating to a “hold” rating in a research report on Wednesday, December 27th. SunTrust Banks reiterated a “hold” rating and issued a $50.00 price objective on shares of Southern in a research report on Tuesday, December 26th. Mizuho reiterated a “buy” rating and issued a $52.00 price objective on shares of Southern in a research report on Tuesday, December 26th. Guggenheim reiterated a “buy” rating and issued a $52.00 price objective on shares of Southern in a research report on Wednesday, January 3rd. Finally, Goldman Sachs reiterated a “sell” rating on shares of Southern in a research report on Wednesday, January 10th. Seven research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $49.17.

Shares of Southern stock traded up $0.02 during midday trading on Monday, hitting $45.24. 3,525,199 shares of the company were exchanged, compared to its average volume of 6,961,563. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.74 and a quick ratio of 0.59. The company has a market capitalization of $45,588.95, a PE ratio of 14.98, a price-to-earnings-growth ratio of 3.46 and a beta of 0.02. Southern has a 52 week low of $42.38 and a 52 week high of $53.51.

Southern (NYSE:SO) last posted its earnings results on Wednesday, February 21st. The utilities provider reported $0.51 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.05. Southern had a return on equity of 11.96% and a net margin of 3.82%. The business had revenue of $5.63 billion during the quarter, compared to the consensus estimate of $5.17 billion. During the same quarter last year, the company earned $0.24 EPS. Southern’s revenue was up 8.6% on a year-over-year basis. equities analysts anticipate that Southern will post 2.91 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 6th. Shareholders of record on Monday, May 21st will be given a $0.60 dividend. This is an increase from Southern’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend is Friday, May 18th. This represents a $2.40 annualized dividend and a yield of 5.31%. Southern’s payout ratio is presently 76.82%.

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Southern Company Profile

The Southern Company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity. The company also constructs, acquires, owns, and manages power generation assets, including renewable energy facilities and sells electricity in the wholesale market; and distributes natural gas in Illinois, Georgia, Virginia, New Jersey, Florida, Tennessee, and Maryland, as well as provides gas marketing services, wholesale gas services, and gas midstream operations.

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