Southern Co (SO) Gets a Hold Rating from Barclays

By Austin Angelo

Barclays analyst Eric Beaumont maintained a Hold rating on Southern Co (SOResearch Report) yesterday and set a price target of $57. The company’s shares opened today at $55.02, close to its 52-week high of $55.95.

According to, Beaumont is a 2-star analyst with an average return of -0.3% and a 50.0% success rate. Beaumont covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, Consolidated Edison, Inc., and American Electric Power.

Southern Co has an analyst consensus of Hold, with a price target consensus of $53.93, a -2.0% downside from current levels. In a report issued on June 4, KeyBanc also initiated coverage with a Hold rating on the stock.

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Southern Co’s market cap is currently $57.49B and has a P/E ratio of 17.11. The company has a Price to Book ratio of 2.17.

Based on the recent corporate insider activity of 62 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Wilson Anthony L, the Pres & CEO, Mississippi Power of SO sold 79,429 shares for a total of $4,379,715.

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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 and Southern Company Gas.