Mizuho Securities Sticks to Its Hold Rating for Southern Co (SO)

By Austin Angelo

In a report released today, Paul Fremont from Mizuho Securities reiterated a Hold rating on Southern Co (SOResearch Report), with a price target of $46. The company’s shares opened today at $47.40.

According to TipRanks.com, Fremont is a 4-star analyst with an average return of 6.3% and a 70.3% success rate. Fremont covers the Utilities sector, focusing on stocks such as Public Service Enterprise, Nextera Energy Partners, and Edison International.

The word on The Street in general, suggests a Hold analyst consensus rating for Southern Co with a $47 average price target, a -0.8% downside from current levels. In a report issued on December 3, SunTrust Robinson also reiterated a Hold rating on the stock with a $50 price target.


See today’s analyst top recommended stocks >>

The company has a one-year high of $52 and a one-year low of $42.38. Currently, Southern Co has an average volume of 6.45M.

Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Wilson Anthony L, the Pres & CEO, Mississippi Power of SO sold 35,061 shares for a total of $1,655,931.

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.