Southern Company (The) (SO) : The consensus price target for Southern Company (The) (SO) is $50.88 for the short term with a standard deviation of $2.59. The most optimist securities analyst among the 8 who monitor the stock believes that the stock can reach $55, however, the pessimist price target for the company is $46.
Southern Company (The) (SO) has shown a rise of 0.5% or 99,235 shares in the short positions. The bets have increased to 20,604,349 shares on June 30,2016 from 20,505,114 shares on June 15,2016. With respect to the floated shares, the shorts are 2.2%. The days to cover are calculated to be 3, using the standard per day volume of 6,753,995 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, Scotia Howard Wiel initiates coverage on Southern Company (The) (NYSE:SO). The rating major has initiated the coverage with sector perform rating on the shares. The rating by the firm was issued on May 13, 2016.
Southern Company (The) (NYSE:SO): stock turned positive on Thursday. Though the stock opened at $53.32, the bulls momentum made the stock top out at $53.7 level for the day. The stock recorded a low of $53.05 and closed the trading day at $53.61, in the green by 0.90%. The total traded volume for the day was 8,252,063. The stock had closed at $53.13 in the previous days trading.
Southern Company is an operating public utility company. The primary business of the Southern Company is electricity sales by the traditional operating companies and Southern Power. Southern Companys business segments are the sale of electricity by the four traditional operating companies and Southern Power. The four traditional operating companies, including Alabama Power, Georgia Power, Gulf Power and Mississippi Power, are vertically integrated utilities providing electric service in four Southeastern states. Southern Company owns all of the common stock of Southern Power Company, which is also an operating public utility company. Southern Power constructs, acquires, owns, and manages generation assets, including renewable energy projects, and sells electricity at market-based rates in the wholesale market. The Company also operates the All Other segment.