SunTrust Robinson Reaffirms Their Hold Rating on Southern Co (SO)

By Austin Angelo

In a report released yesterday, Ali Agha from SunTrust Robinson reiterated a Hold rating on Southern Co (SOResearch Report), with a price target of $48. The company’s shares opened today at $47.05.

According to TipRanks.com, Agha is a 5-star analyst with an average return of 11.3% and a 77.6% success rate. Agha covers the Utilities sector, focusing on stocks such as American Electric Power, Centerpoint Energy, and Vistra Energy Corp.

Southern Co has an analyst consensus of Hold, with a price target consensus of $46.71, which is a -0.7% downside from current levels. In a report issued on October 29, UBS also maintained a Hold rating on the stock with a $47 price target.

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The company has a one-year high of $52.65 and a one-year low of $42.38. Currently, Southern Co has an average volume of 6.7M.

Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is negative on the stock.

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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, Southern Company Gas, and All Other.