Southern Co (SO) Receives a Buy from Wells Fargo

Wells Fargo analyst Neil Kalton reiterated a Purchase score on Southern Co (SOResearch Report) on July 29. The corporate’s shares closed final Friday at $63.87.

In keeping with, Kalton is a 4-star analyst with a median return of 7.1% and a 65.6% success charge. Kalton covers the Utilities sector, specializing in shares akin to American Electrical Energy, Nextera Power Companions, and Hawaiian Electrical.

At the moment, the analyst consensus on Southern Co is a Maintain with a median value goal of $66.33, representing a 3.3% upside. In a report issued on July 19, RBC Capital additionally maintained a Purchase score on the inventory with a $73.00 value goal.

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The corporate has a one-year excessive of $66.93 and a one-year low of $51.22. At the moment, Southern Co has a median quantity of three.97M.

Primarily based on the current company insider exercise of 76 insiders, company insider sentiment is destructive on the inventory. Because of this over the previous quarter there was a rise of insiders promoting their shares of SO in relation to earlier this 12 months.

TipRanks has tracked 36,000 firm insiders and located that just a few of them are higher than others relating to timing their transactions. See which 3 stocks are almost certainly to make strikes following their insider actions.

Based in 1945, Georgia-based The Southern Co. is an American fuel and electrical utility holding firm. It engages within the era, transmission and sale of electrical energy. The corporate additionally constructs, acquires, owns, and manages energy era belongings, together with renewable power services and sells electrical energy within the wholesale market; and distributes pure fuel in Illinois, Georgia, Virginia, and Tennessee, in addition to gives fuel advertising and marketing providers, wholesale fuel providers, and fuel pipeline investments operations.

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