Southern Co (SO) Gets a Sell from Morgan Stanley

Morgan Stanley analyst David Arcaro assigned a Sell rating to the stock yesterday. The company’s shares closed yesterday at $93.75.

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Arcaro covers the Utilities sector, focusing on stocks such as Vistra Corp, American Electric Power, and CMS Energy. According to TipRanks, Arcaro has an average return of 14.7% and a 68.13% success rate on recommended stocks.

The word on The Street in general, suggests a Hold analyst consensus rating for Southern Co with a $101.50 average 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 44 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. Earlier this month, Christopher Cummiskey, the EVP of SO sold 6,669.00 shares for a total of $643,891.95.