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Barclays Sticks to Their Hold Rating for Southern Co (SO)

Tipranks - Fri Jun 19, 3:58AM CDT

Barclays analyst Nicholas Campanella maintained a Hold rating on Southern Co today and set a price target of $98.00.

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According to TipRanks, Campanella is a 5-star analyst with an average return of 11.6% and a 67.50% success rate. Campanella covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, Edison International, and Entergy.

Currently, the analyst consensus on Southern Co is a Hold with an average price target of $101.46.

Based on Southern Co’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $8.4 billion and a net profit of $1.36 billion. In comparison, last year the company earned a revenue of $7.78 billion and had a net profit of $1.33 billion

Based on the recent corporate insider activity of 46 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, Matthew M. Kim, the Comptroller of SO sold 100.00 shares for a total of $9,657.00.

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