Bank of America Securities Sticks to Its Hold Rating for Southern Co (SO)

In a report released yesterday, Ross Fowler from Bank of America Securities maintained a Hold rating on Southern Co, with a price target of $102.00.

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According to TipRanks, Fowler is a 5-star analyst with an average return of 7.6% and a 67.76% success rate. Fowler covers the Utilities sector, focusing on stocks such as Eversource Energy, Vistra Corp, and Black Hills.

In addition to Bank of America Securities, Southern Co also received a Hold from TipRanks – OpenAI’s OpenAI Regulated Electric in a report issued on March 20. However, on March 23, Morgan Stanley assigned a Sell rating to Southern Co (NYSE: SO).

Based on Southern Co’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $6.98 billion and a net profit of $416 million. In comparison, last year the company earned a revenue of $6.34 billion and had a net profit of $534 million

Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SO in relation to earlier this year. Last month, Kimberly Greene, the Chairman, President & CEO, GPC of SO sold 25,000.00 shares for a total of $2,416,750.00.