RBC Capital analyst Shelby Tucker maintained a Buy rating on Southern Co (SO – Research Report) on May 7 and set a price target of $84.00. The company’s shares closed yesterday at $78.14.
According to TipRanks, Tucker is a top 100 analyst with an average return of 10.5% and a 73.02% success rate. Tucker covers the Utilities sector, focusing on stocks such as PPL, Atlantica Yield, and American Water.
In addition to RBC Capital, Southern Co also received a Buy from Scotiabank’s Andrew Weisel in a report issued on May 3. However, on the same day, Wells Fargo maintained a Hold rating on Southern Co (NYSE: SO).
SO market cap is currently $85.56B and has a P/E ratio of 20.24.
Based on the recent corporate insider activity of 85 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SO in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Southern Co (SO) Company Description:
Founded in 1945, Georgia-based The Southern Co. is an American gas and electric utility holding company. It engages in the generation, transmission and sale 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, and Tennessee, as well as provides gas marketing services, wholesale gas services, and gas pipeline investments operations.
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