Southern Co (SO) Gets a Buy from BMO Capital

In a report released today, James Thalacker from BMO Capital maintained a Buy rating on Southern Co, with a price target of $104.00.

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According to TipRanks, Thalacker is a 5-star analyst with an average return of 14.5% and a 71.87% success rate. Thalacker covers the Utilities sector, focusing on stocks such as CMS Energy, PPL, and Duke Energy.

In addition to BMO Capital, Southern Co also received a Buy from Citi’s Ryan Levine in a report issued on April 10. However, yesterday, Morgan Stanley maintained a Sell 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.