Jefferies Maintains a 'Hold' on Southern Co. (SO); Raises PT
Tweet
Share
E-mailGet Alerts SO Hot Sheet
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
Join SI Premium – FREE
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Walmart (WMT) PT Lowered to $130 at UBS on Investment Narrative's Competing Dynamics
- BMO starts chip stocks coverage: Here are its preferred picks
- Mizuho Reiterates Outperform Rating on Broadcom Limited (AVGO) Into EPS
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
Jefferies & Co, Dividend, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
