Stock Update: The Southern Company (NYSE:SO) – DiversityInc names Southern Company a top U.S. diverse corporation

[PR Newswire] – ATLANTA, April 21, 2016 /PRNewswire/ — Southern Company has been named to DiversityInc’s 2016 Top 50 Companies for Diversity list. With more than 4.5 million customers and approximately 44,000 megawatts of generating capacity, Atlanta-based Southern Company (SO) is the premier energy company serving the Southeast through its subsidiaries. Read more on this. Southern Company (SO) , valued at $44.94B, began trading this morning at $49.75. Looking at the stock, its one day range is $48.90 to $49.77 with the price of the stock fluctuating between $41.40 to $51.79 over the last 52 weeks. Priced at 17.52x this year’s forecasted earnings, SO shares are relatively expensive compared to the industry’s 17.29x forward p/e ratio. And for passive income investors, the company pays shareholders $2.17 per share annually in dividends, yielding 4.28%. In a review of the consensus earnings estimate this quarter, 10 sell-side analysts are looking at $0.53 per share, which would be $0.03 worse than the year-ago quarter and a $0.06 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $2.84 would be a $0.05 setback when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $4.25 Billion. If realized, that would be a 1.67% increase over the year-ago quarter. Recently, Mizuho Initiated SO at Buy (Apr 24, 2015). Previously, Guggenheim Initiated SO at to Neutral. The average price target for SO shares is $48.86, which is 1.79% below where the stock opened this morning. See more in (NYSE:SO) Similar Articles: Stock Update: The Southern Company (NYSE:SO) – Southern Company first-quarter earnings to be released April 27 Company Update: The Southern Company (NYSE:SO) – Southern Company, AGL Resources receive merger approval from California regulators Stock Update: The Southern Company (NYSE:SO) – Southern Company, AGL Resources file request with Maryland regulators for approval of merger
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