Southern Co (SO) Gets a Hold from J.P. Morgan

In a report released yesterday, Jeremy Tonet from J.P. Morgan maintained a Hold rating on Southern Co, with a price target of $101.00. The company’s shares closed yesterday at $94.64.

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Tonet covers the Energy sector, focusing on stocks such as Plains GP Holdings, Pembina Pipeline, and Plains All American. According to TipRanks, Tonet has an average return of 9.3% and a 61.00% success rate on recommended stocks.

Currently, the analyst consensus on Southern Co is a Hold with an average price target of $102.86, an 8.69% upside from current levels. In a report released yesterday, Goldman Sachs also maintained a Hold rating on the stock with a $99.00 price target.

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.