TD Cowen Keeps Their Buy Rating on Southern Co (SO)
In a report released yesterday, Shelby Tucker from TD Cowen maintained a Buy rating on Southern Co, with a price target of $112.00. The company’s shares closed yesterday at $97.20.
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According to TipRanks, Tucker is a 5-star analyst with an average return of 10.0% and a 68.26% success rate. Tucker covers the Utilities sector, focusing on stocks such as Consolidated Edison, Southern Co, and Dominion Energy.
In addition to TD Cowen, Southern Co also received a Buy from Evercore ISI’s Nicholas Amicucci in a report issued yesterday. However, on March 3, KeyBanc upgraded Southern Co (NYSE: SO) to a Hold.
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 42 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 5,123.00 shares for a total of $487,453.45.
Read More on SO:
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- Southern Company price target raised to $112 from $108 at TD Cowen
- Meta downgraded, MongoDB upgraded: Wall Street’s top analyst calls
- Southern Company upgraded to Outperform from In Line at Evercore ISI
- Southern Company upgraded to Outperform at Evercore ahead of expected breakout
- Southern Company upgraded to Sector Weight from Underweight at KeyBanc
