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BMO Capital Sticks to Its Buy Rating for Southern Co (SO)

Tipranks - Tue Aug 4, 6:30AM CDT

BMO Capital analyst James Thalacker reiterated a Buy rating on Southern Co today and set a price target of $104.00.

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Thalacker covers the Utilities sector, focusing on stocks such as American Electric Power, CMS Energy, and PPL. According to TipRanks, Thalacker has an average return of 12.9% and a 66.96% success rate on recommended stocks.

In addition to BMO Capital, Southern Co also received a Buy from Mizuho Securities’s Anthony Crowdell in a report issued on July 31. However, today, Bank of America Securities maintained a Hold rating on Southern Co (NYSE: SO).

Based on Southern Co’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $6.98 billion and a net profit of $1.17 billion. In comparison, last year the company earned a revenue of $6.97 billion and had a net profit of $880 million

Based on the recent corporate insider activity of 47 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 $9,577.00.

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