Bearish Double Bottom Pattern Is Formed By The Southern Company (SO) at $45.31

April 17, 2018 - By Mary Markley

The Southern Company (NYSE:SO) Corporate Logo

During 2017 Q4 the big money sentiment increased to 1.1. That’s change of 0.10, from 2017Q3’s 1. 56 investors sold all, 329 reduced holdings as The Southern Company ratio is positive. 350 increased stakes while 75 funds took stakes. Funds hold 548.17 million shares thus 4.36% more from 2017Q3’s 525.28 million shares.
6,650 were reported by North Mgmt Corp. Roberts Glore And Il reported 0.13% in The Southern Company (NYSE:SO). Transamerica Fin Advsr owns 48,166 shs for 0.31% of their capital. Rare Infrastructure invested 0.04% of its capital in The Southern Company (NYSE:SO). Kentucky-based Field & Main State Bank has invested 0.04% in The Southern Company (NYSE:SO). Winfield Assoc Inc, a Ohio-based fund reported 2,200 shs. First Quadrant Ltd Partnership Ca reported 0% in The Southern Company (NYSE:SO). Hennessy Advsr Incorporated holds 1.34% or 910,200 shs. Putnam Invests Limited reported 402,224 shs. Jane Street Group Ltd Company accumulated 27,496 shs or 0% of the stock. Royal Retail Bank Of Canada owns 1.95M shs for 0.04% of their capital. 35.71M were accumulated by Price T Rowe Assoc Md. 15,184 were reported by Lodestar Invest Counsel Ltd Il. Comerica Bancorp has invested 0.09% of its capital in The Southern Company (NYSE:SO). Univest Of Pennsylvania reported 11,196 shs.

The Southern Company had 3 sales and 0 buys since October 20, 2017. This’s net activity of $4.03 million. BEATTIE ART P also sold $2.46M worth of The Southern Company (NYSE:SO) on Thursday, October 26. On Friday, October 20 Shares for $261,400 were sold by Daiss Ann P.

The Southern Company (SO) forms double bottom. It has $42.13 price target and $45.31 share price. The $45.87B company points out high risk because of the 8 months technical setup. This technical setup was reported on Apr, 17 by The valuation of SO can change by $3.21 billion if our $42.13 price target is reached.

SO reached $45.305 on during the last trading session after $0.235 change.The Southern Company has volume of 1.08M shares. Since April 17, 2017 SO has declined 11.47% and is downtrending. SO underperformed by 23.02% the S&P 500.

Analysts await The Southern Company (NYSE:SO) to report earnings on May, 2. They expect $0.81 earnings per share, up 22.73 % or $0.15 from last year’s $0.66 per share. SO’s profit will be $820.17 million for 13.98 P/E if the $0.81 EPS becomes a reality. After $0.51 actual earnings per share reported by The Southern Company for the previous quarter, Wall Street now forecasts 58.82 % EPS growth.

The Southern Company (NYSE:SO) Ratings Coverage

Total analysts of 12 have positions in Southern Co (NYSE:SO) as follows: 3 rated it a “Buy”, 5 with “Sell” and 4 with “Hold”. The positive are 25%. The firm has $55.0 highest while $44 is the lowest [Target]. The average target $47.55 is 4.96% above the last ($45.305) price. Since October 18, 2017 according to StockzIntelligence Inc Southern Co has 32 analyst reports. On Monday, February 12 the firm earned “Hold” rating by SunTrust. On Tuesday, October 24 the stock of The Southern Company (NYSE:SO) has “Underperform” rating given by Bank of America. On Monday, March 5 the stock of The Southern Company (NYSE:SO) has “Hold” rating given by SunTrust. On Monday, October 30 the rating was maintained by RBC Capital Markets with “Buy”. The company rating was maintained by Guggenheim on Tuesday, January 2. On Wednesday, January 3 the firm has “Hold” rating by SunTrust given. On Tuesday, December 26 Mizuho maintained The Southern Company (NYSE:SO) with “Buy” rating. On Tuesday, January 23 Mizuho downgraded The Southern Company (NYSE:SO) to “Neutral” rating. The stock rating was maintained by SunTrust with “Hold” on Monday, March 19. On Monday, April 16 SunTrust maintained the shares of SO in report with “Hold” rating.

The Southern Company (NYSE:SO) Institutional Investors Chart

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