Stock Update (NYSE:SO): Southern Company among "Best Places to Work in IT" for a decade

[PR Newswire] – ATLANTA, June 13, 2016 /PRNewswire/ — Southern Company today announced that for the 10th consecutive year IDG’s Computerworld has recognized the company as one of the best workplaces for information technology professionals. In this year’s annual ranking of the 100 “Best Places to Work in IT,” Southern Company was the highest-rated “large” utility company. “Technology is more important to delivering products and services to the customers we serve than ever before,” said Southern Company Executive Vice President and Chief Information Officer Martin B. Davis. Read more on this. Southern Company (SO) , with a current value of $48.01B, started trading this morning at $51.00. Looking at the stock, its one day range is $50.91 to $51.29 with a trailing 52-week range being $41.40 to $51.79. Priced at 17.93x this year’s forecasted earnings, SO shares are relatively expensive compared to the industry’s 15.35x forward p/e ratio. The company pays shareholders $2.24 per share annually in dividends, yielding 4.66%. Consensus earnings for the current quarter by the 11 sell-side analysts covering the stock is an estimate of $0.69 per share, which would be $0.02 worse than the year-ago quarter and a $0.03 sequential decrease. The full-year EPS estimate is $2.85 which would be a $0.04 setback than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $4.54 Billion. If realized, that would be a 4.61% increase over the year-ago quarter. Recently, Scotia Howard Weil Initiated SO at Sector Perform (May 13, 2016). Previously, Mizuho Initiated SO at to Buy. The average price target for SO shares by the analysts covering the stock is $49.60, which is 2.75% below where the stock opened this morning. See more in (NYSE:SO) Similar Articles: Stock Update: The Southern Company (NYSE:SO) – DiversityInc names Southern Company a top U.S. diverse corporation Stock Update: The Southern Company (NYSE:SO) – Southern Company first-quarter earnings to be released April 27 Market Update: The Southern Company (NYSE:SO) – Southern Company announces leadership moves