Market Overview

Why Southern's Stock Is Trading Lower Today

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Southern (NYSE: SO) shares are trading lower on Thursday after Mizuho downgraded the stock from Neutral to Underperform and lowered its price target from $53 to $48 per share.

Southern is one of the largest utilities in the U.S. The company distributes electricity and natural gas to approximately 9 million customers in nine states. It owns 50 gigawatts of generating capacity, primarily for serving regulated customers in Georgia, Alabama, and Mississippi.

Wholly owned unregulated Southern Power Co. owns over 11 gigawatts of mostly renewable energy capacity and sells the electricity primarily under long-term power sales agreements. The solar and wind farms are located in Southern's regulated jurisdictions but also in Texas, California, and other states.

Southern shares were trading down 2% at $51.71 on Thursday at time of publication. The stock has a 52-week high of $71.10 and a 52-week low of $41.96.

Latest Ratings for SO

DateFirmActionFromTo
Sep 2020BarclaysUpgradesEqual-WeightOverweight
Sep 2020Morgan StanleyMaintainsUnderweight
Sep 2020MizuhoDowngradesNeutralUnderperform

View More Analyst Ratings for SO
View the Latest Analyst Ratings

 

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Posted-In: why it's movingDowngrades Analyst Ratings

Latest Ratings

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ATEMaxim GroupInitiates Coverage On1.0
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RDS/BScotiaBankInitiates Coverage On34.0
RDS/AScotiaBankInitiates Coverage On34.0
ARNorthland Capital MarketsUpgrades6.9
View the Latest Analytics Ratings
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