RBC Capital Reaffirms Their Hold Rating on Southern Co

By Ryan Adsit

In a report released yesterday, Shelby Tucker from RBC Capital reiterated a Hold rating on Southern Co (NYSE: SO), with a price target of $53. The company’s shares opened today at $47.51.

According to TipRanks.com, Tucker is a 5-star analyst with an average return of 7.7% and a 78.7% success rate. Tucker covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, Public Service Enterprise, and American Electric Power.

Southern Co has an analyst consensus of Hold, with a price target consensus of $53.20.

Southern Co’s market cap is currently $47.25B and has a P/E ratio of 17.79. The company has a book value ratio of 1.8831.

Based on the recent corporate insider activity of 15 insiders, corporate insider sentiment is negative on the stock. Last month, Ann Daiss, the Comptroller of SO sold 5,000 shares for a total of $256,400.

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.