Market Update (NYSE:SO): Southern Company named to Fortune magazine’s World’s Most Admired Companies ranking for seventh consecutive year

[PR Newswire] – ATLANTA, Feb. 22, 2016 /PRNewswire/ — Fortune magazine has named Southern Company to its 2016 “World’s Most Admired Companies ” list, marking the seventh consecutive year the company has earned recognition among the publication’s top three utilities worldwide. Fortune recognized Southern Company as an industry leader for its quality of management, value as a long-term investment, the quality of products/services offered and its innovation. “Southern Company consistently earns recognition among the world’s top companies because we keep these qualities central to our business ,” said Southern Company Chairman, President and CEO Thomas A. Fanning. Read more on this. Southern Company (SO) , valued at $44.71B, began trading this morning at $48.61. A quick look at the market, the company’s stock traded between $48.46 and $49.10 with its 52-week range being $41.40 to $50.24. SO shares are currently priced at 17.15x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 11.76x forward p/e ratio. And for passive income investors, the company pays shareholders $2.17 per share annually in dividends, yielding 4.47%. Consensus earnings for the current quarter by the 9 sell-side analysts covering the stock is an estimate of $0.54 per share, which would be $0.02 worse than the year-ago quarter and a $0.05 sequential decrease. The full-year EPS estimate is $2.85, which would be a $0.04 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $4.39 Billion. If realized, that would be a 5.02% increase over the year-ago quarter. Recently, Mizuho Initiated SO at Buy (Apr 24, 2015). Previously, Guggenheim Initiated SO at to Neutral. Given all the information above, we should disclose to readers that the average price target is $47.57, which is 2.14% below than it opened this morning. See more in (NYSE:SO) Similar Articles: Stock Update: NextEra Energy Inc (NYSE:NEE) – NextEra Energy named No. 1 in its industry on Fortune’s 2016 list of ‘World’s Most Admired Companies’ Market Update: AT&T Inc (NYSE:T) – AT&T Ranks #1 In Telecom Globally In FORTUNE’s Most Admired Companies For Second Year In A Row Company Update: The Southern Company (NYSE:SO) – Southern Company reports fourth quarter and full year 2015 earnings
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