Southern Co (SO) Gets a Hold from Goldman Sachs

In a report released today, Carly Davenport from Goldman Sachs maintained a Hold rating on Southern Co, with a price target of $99.00.

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According to TipRanks, Davenport is a 4-star analyst with an average return of 7.0% and a 71.88% success rate. Davenport covers the Utilities sector, focusing on stocks such as Duke Energy, Public Service Enterprise, and Eversource Energy.

In addition to Goldman Sachs, Southern Co also received a Hold from Barclays’s Nicholas Campanella in a report issued on April 9. However, on April 10, Citi maintained a Buy rating on 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.