Scotiabank Keeps Their Buy Rating on Southern Co (SO)

In a report released today, Andrew Weisel from Scotiabank maintained a Buy rating on Southern Co (SO – Research Report), with a price target of $77.00. The company’s shares closed yesterday at $75.33.

According to TipRanks, Weisel is a 3-star analyst with an average return of 3.6% and a 70.59% success rate. Weisel covers the Utilities sector, focusing on stocks such as American Electric Power, Dominion Energy, and Eversource Energy.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Southern Co with a $74.91 average price target, which is a -0.56% downside from current levels. In a report released on April 19, RBC Capital also maintained a Buy rating on the stock with a $80.00 price target.

The company has a one-year high of $75.13 and a one-year low of $60.31. Currently, Southern Co has an average volume of 4.81M.

Based on the recent corporate insider activity of 89 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Southern Co (SO) Company Description:

Founded in 1945, Georgia-based The Southern Co. is an American gas and electric utility holding company. It engages in the generation, transmission and sale of electricity. The company also constructs, acquires, owns, and manages power generation assets, including renewable energy facilities and sells electricity in the wholesale market; and distributes natural gas in Illinois, Georgia, Virginia, and Tennessee, as well as provides gas marketing services, wholesale gas services, and gas pipeline investments operations.