1.28 is Southern Co’s (NYSE:SO) Institutional Investor Sentiment

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Sentiment for Southern Co (NYSE:SO)

Southern Co (NYSE:SO) institutional sentiment decreased to 1.28 in Q2 2019. Its down -0.01, from 1.29 in 2019Q1. The ratio turned negative, as 405 funds opened new or increased positions, while 317 trimmed and sold stock positions in Southern Co. The funds in our partner’s database reported: 589.04 million shares, up from 572.43 million shares in 2019Q1. Also, the number of funds holding Southern Co in their top 10 positions decreased from 9 to 7 for a decrease of 2. Sold All: 33 Reduced: 284 Increased: 312 New Position: 93.

The Southern Company, together with its subsidiaries, engages in the generation, transmission, and distribution of electricity. The company has market cap of $62.85 billion. The firm also constructs, acquires, owns, and manages power generation assets, including renewable energy projects; sells electricity in the wholesale market; and distributes natural gas in seven states, as well as provides gas marketing services, wholesale gas services, and gas midstream operations. It has a 14.16 P/E ratio. It owns/operates 33 hydroelectric generating stations, 29 fossil fuel generating stations, 3 nuclear generating stations, 14 combined cycle/cogeneration stations, 33 solar facilities, 9 wind facilities, 1 biomass facility, and 1 landfill gas facility.

The stock increased 0.23% or $0.14 during the last trading session, reaching $60.13. About 5.39 million shares traded or 14.19% up from the average. The Southern Company (NYSE:SO) has risen 17.30% since September 13, 2018 and is uptrending. It has outperformed by 17.30% the S&P500.

Analysts await The Southern Company (NYSE:SO) to report earnings on November, 6. They expect $1.10 EPS, down 3.51 % or $0.04 from last year’s $1.14 per share. SO’s profit will be $1.15 billion for 13.67 P/E if the $1.10 EPS becomes a reality. After $0.80 actual EPS reported by The Southern Company for the previous quarter, Wall Street now forecasts 37.50 % EPS growth.

Financial Advantage Inc. holds 3.49% of its portfolio in The Southern Company for 92,079 shares. Edgar Lomax Co Va owns 918,445 shares or 3.45% of their US portfolio. Moreover, Welch Group Llc has 3.41% invested in the company for 577,720 shares. The Alabama-based Aull & Monroe Investment Management Corp has invested 2.99% in the stock. Interocean Capital Llc, a Illinois-based fund reported 576,872 shares.

The Southern Company (NYSE:SO) Ratings Coverage

Ratings analysis reveals 0 of Southern’s analysts are positive. Out of 3 Wall Street analysts rating Southern, 0 give it “Buy”, 1 “Sell” rating, while 2 recommend “Hold”. The lowest target is $5400 while the high is $6400. The stock’s average target of $60 is -0.22% below today’s ($60.13) share price. SO was included in 8 notes of analysts from March 16, 2019. UBS maintained The Southern Company (NYSE:SO) rating on Friday, September 6. UBS has “Neutral” rating and $6200 target. The company was maintained on Friday, August 16 by Morgan Stanley. Bank of America maintained the stock with “Neutral” rating in Thursday, September 12 report. The stock of The Southern Company (NYSE:SO) has “Neutral” rating given on Thursday, August 1 by Bank of America.

More notable recent The Southern Company (NYSE:SO) news were published by: Finance.Yahoo.com which released: “Is Grubhub Inc.’s (NYSE:GRUB) 1.7% ROE Worse Than Average? – Yahoo Finance” on September 13, 2019, also Finance.Yahoo.com with their article: “When Will Frank’s International N.V. (NYSE:FI) Breakeven? – Yahoo Finance” published on September 13, 2019, Finance.Yahoo.com published: “The Dover Motorsports (NYSE:DVD) Share Price Is Down 19% So Some Shareholders Are Getting Worried – Yahoo Finance” on September 11, 2019. More interesting news about The Southern Company (NYSE:SO) were released by: Finance.Yahoo.com and their article: “Health Check: How Prudently Does PROS Holdings (NYSE:PRO) Use Debt? – Yahoo Finance” published on September 10, 2019 as well as Seekingalpha.com‘s news article titled: “Entergy Outperforms And Looks Set To Do So Again – Seeking Alpha” with publication date: September 13, 2019.

The Southern Company (NYSE:SO) Institutional Positions Chart

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