Southern Co Receives a Buy from Mizuho Securities

By Jason Carr

In a report released yesterday, Paul Fremont from Mizuho Securities reiterated a Buy rating on Southern Co (NYSE: SO), with a price target of $52. The company’s shares closed yesterday at $48.05.

According to TipRanks.com, Fremont is a 4-star analyst with an average return of 5.4% and a 66.7% success rate. Fremont covers the Utilities sector, focusing on stocks such as Public Service Enterprise, El Paso Electric Company, and American Electric Power.

Currently, the analyst consensus on Southern Co is Moderate Buy and the average price target is $54, representing a 12.4% upside.

In a report issued on December 22, RBC Capital also maintained a Buy rating on the stock.

The company has a one-year high of $53.51 and a one-year low of $46.71. Currently, Southern Co has an average volume of 4.65M.

Based on the recent corporate insider activity of 20 insiders, corporate insider sentiment is negative on the stock. Last month, Ann Daiss, the Comptroller of SO sold 5,080 shares for a total of $270,662.

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.

The Southern Co. is a holding company, which engages in the sale of electricity. It operates through the following segments: Traditional Electric Operating Companies, Southern Power, Southern Company Gas, and All Other.