Southern Company (NYSE: SO) Downgraded Again
January 4, 2012 Leave a comment
Southern Co (SO) Shares Downgraded to a “Average” Rating by Caris & Co. Analysts
Separately, analysts at Wells Fargo & Co. (NYSE: WFC) downgraded shares of Southern Co from an “outperform” rating to a “market perform” rating in a research note to investors on Tuesday. Analysts at Argus downgraded shares of Southern Co from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, December 13rd. Also, analysts at Macquarie downgraded shares of Southern Co from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, December 12nd.
The Southern Company (Southern Company) owns all of the outstanding common stock of Alabama Power, Georgia Power, Gulf Power, and Mississippi Power, each of which is an operating public utility company. The traditional operating companies supply electric service in the states of Alabama, Georgia, Florida, and Mississippi. In addition, Southern Company owns all of the common stock of Southern Power, which is also an operating public utility company. Southern Power constructs, acquires, owns, and manages generation assets and sells electricity at market-based rates in the wholesale market. Southern Company also owns all of the outstanding common stock or membership interests of SouthernLINC Wireless, Southern Nuclear, SCS, Southern Holdings, Southern Renewable Energy, and other direct and indirect subsidiaries. SouthernLINC Wireless provides digital wireless communications for use by Southern Company and its subsidiary companies.
Shares of Southern Co traded down 1.17% during mid-day trading on Tuesday, hitting $45.75. Southern Co has a 52 week low of $35.73 and a 52 week high of $46.69. The stock’s 50-day moving average is $44.28 and its 200-day moving average is $42.01. The company has a market cap of $39.433 billion and a price-to-earnings ratio of 18.94. HERE
- United Nations Member Invests $14million in Southern Company (Mississippi Power)_ (mississippicoal.wordpress.com)