Market Update: The Southern Company (NYSE:SO) – U.S. Energy Secretary Visit Highlights Southern Company’s Innovation Commitment

[PR Newswire] – ATLANTA, May 24, 2016 /PRNewswire/ — U.S. Secretary of Energy Dr. Ernest Moniz today visited Southern Company’s Energy Innovation Center in Atlanta’s Tech Square. The Georgia Tech-hosted event marks the latest show of support by the Department of Energy (DOE) for Southern Company’s extensive efforts to find real solutions benefiting America’s energy consumers. During today’s visit, Energy Innovation Center Vice President Michael E. Britt took Sec. Read more on this. Southern Company (SO) , with a current value of $45.48B, opened this morning at $48.31. Shares have traded today between $48.05 and $48.54 per share with a trailing 52-week range being $41.40 to $51.79. SO shares are currently priced at 16.87x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 14.79x forward p/e ratio. The company pays shareholders $2.17 per share in dividend income per year, for a current yield of 4.26%. In a review of the consensus earnings estimate this quarter, 10 sell-side analysts are looking at $0.69 per share, which would be $0.02 worse than the year-ago quarter and a $0.02 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $2.85 is a $0.04 worse when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $4.53 Billion. If reported, that would be a 4.38% increase over the year-ago quarter. More recently, Scotia Howard Weil Initiated SO at Sector Perform (May 13, 2016). Previously, Mizuho Initiated SO at to Buy. Investors should keep in mind is that the average price target is $49.47, which is 2.40% above where the stock opened this morning. See more in (NYSE:SO) Similar Articles: Market Update: The Southern Company (NYSE:SO) – Southern Company subsidiary acquires East Pecos Solar Facility in Texas Stock Update (NYSE:SO): Southern Company subsidiary and Turner Renewable Energy acquire Calipatria Solar Facility in California Market Update: The Southern Company (NYSE:SO) – Southern Company announces leadership moves
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