Jefferies Maintains a 'Hold' on Southern Co. (SO); Raises PT
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Price: $88.94 -2.72%
Rating Summary:
8 Buy, 18 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
8 Buy, 18 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Jefferies maintains a 'Hold' on Southern Co. (NYSE: SO), PT increased from $39.50 to $40.
Jefferies analyst says, "Southern Company reported first-quarter earnings of $0.50, in-line with our estimate and consensus and above guidance of $0.47...We are maintaining our 2011 EPS estimate of $2.52. Our estimate is within the company’s reaffirmed guidance of $2.48-$2.56. We are maintaining our 2012 and 2013 EPS estimates of $2.70 and $2.81, respectively."
"We believe that Southern Company, an integrated electric company with an above-average dividend yield, should trade at a premium to a peer group of largely regulated electric companies...Assume construction of new Vogtle
nuclear units remain on schedule and within budget."
For more ratings news on Southern Co. click here and for the rating history of Southern Co. click here.
Shares of Southern Co. closed at $38.85 yesterday.
Jefferies analyst says, "Southern Company reported first-quarter earnings of $0.50, in-line with our estimate and consensus and above guidance of $0.47...We are maintaining our 2011 EPS estimate of $2.52. Our estimate is within the company’s reaffirmed guidance of $2.48-$2.56. We are maintaining our 2012 and 2013 EPS estimates of $2.70 and $2.81, respectively."
"We believe that Southern Company, an integrated electric company with an above-average dividend yield, should trade at a premium to a peer group of largely regulated electric companies...Assume construction of new Vogtle
nuclear units remain on schedule and within budget."
For more ratings news on Southern Co. click here and for the rating history of Southern Co. click here.
Shares of Southern Co. closed at $38.85 yesterday.
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