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Morgan Stanley Reiterates South (SO) Underweight Recommendation

Fintel reports that on July 21, 2023, Morgan Stanley will repeated Southern reports (New York Stock Exchange: SO) with underweight recommendation.

Analyst Price Expectations Suggest 2.63% Gains

One-year average as of July 6, 2023 target price 74.97 for Southern. Expectations range from lows of $60.60 to highs of $84.00. The average price target is up 2.63% from the latest reported closing price of 73.05%.

see our corporate leaderboard The target price has the most upside potential.

Southern’s projected annual revenue is 26,553 million, down 8.79%.Non-GAAP Annual Forecast EPS It is 3.88.

What is Fund Sentiment?

there is 2525 foundations or institutions reporting positions in the south. That’s a decrease of 89 owners or 3.40% in the last quarter.Portfolio average weight out of all funds SO dedicated was 0.40%, an increase of 20.36%. The total number of shares owned by institutional investors has increased by 0.79% to 787,435,000 shares in the past three months. of put/call ratio SO’s 0.43 indicates a bullish outlook.

What are other shareholders doing?

SO/Southern Company shares held by the institution

Price T Row Associates owns 61,473,000 shares, representing 5.64% of the company. Earlier filings reported that the company owned 60,189,000 shares. will increase 2.09%.office Diminished The portfolio allocation to SO increased by 7.39% quarter-on-quarter.

VTSMX – Vanguard Total Stock Market Index Fund Investor Stocks holds 33,717,000 shares representing a 3.09% ownership interest in the company. Earlier filings reported that the company owned 33,098,000 shares. will increase 1.84%.office Diminished The portfolio allocation to SO increased by 8.35% quarter-on-quarter.

Massachusetts Financial Services holds 27,377,000 shares representing a 2.51% ownership interest in the company. Earlier filings reported that the company owned 26,559,000 shares. will increase 2.99%.office Diminished SO portfolio allocation increased 1.53% quarter-on-quarter.

VFINX – Vanguard 500 Index Fund Investor Stock owns 25,403,000 shares, representing 2.33% of the company. Earlier filings reported that the company owned 25,167,000 shares. will increase 0.93%.office Diminished The portfolio allocation to SO increased by 8.79% quarter-on-quarter.

Geode Capital Management holds 19,364,000 shares representing 1.78% of the company’s ownership. Earlier filings reported that the company owned 19,514,000 shares. Decrease 0.78%.office Diminished SO’s portfolio allocation increased 10.79% quarter-on-quarter.

Southern Background Information
(This description was provided by us.)

Southern Company brings energy to homes and businesses nationwide. The company has made a name for itself as a leading producer of clean, safe, reliable and affordable energy, and every day it takes important steps in building the future of energy. The company is always forward-thinking, with industry innovations ranging from new nuclear power to electric transportation and renewable energy deployments helping to brighten the lives and businesses of millions of customers across the country.

Additional resources:

This story was originally Fintel.

The views and opinions expressed herein are those of the authors and do not necessarily reflect those of Nasdaq, Inc.

Summarize this content to 100 words

Fintel reports that on July 21, 2023, Morgan Stanley will repeated Southern reports (New York Stock Exchange: SO) with underweight recommendation. Analyst Price Expectations Suggest 2.63% Gains One-year average as of July 6, 2023 target price 74.97 for Southern. Expectations range from lows of $60.60 to highs of $84.00. The average price target is up 2.63% from the latest reported closing price of 73.05%.

see our corporate leaderboard The target price has the most upside potential. Southern’s projected annual revenue is 26,553 million, down 8.79%.Non-GAAP Annual Forecast EPS It is 3.88. What is Fund Sentiment? there is 2525 foundations or institutions reporting positions in the south. That’s a decrease of 89 owners or 3.40% in the last quarter.Portfolio average weight out of all funds SO dedicated was 0.40%, an increase of 20.36%. The total number of shares owned by institutional investors has increased by 0.79% to 787,435,000 shares in the past three months. of put/call ratio SO’s 0.43 indicates a bullish outlook. What are other shareholders doing? Price T Row Associates owns 61,473,000 shares, representing 5.64% of the company. Earlier filings reported that the company owned 60,189,000 shares. will increase 2.09%.office Diminished The portfolio allocation to SO increased by 7.39% quarter-on-quarter. VTSMX – Vanguard Total Stock Market Index Fund Investor Stocks holds 33,717,000 shares representing a 3.09% ownership interest in the company. Earlier filings reported that the company owned 33,098,000 shares. will increase 1.84%.office Diminished The portfolio allocation to SO increased by 8.35% quarter-on-quarter.

Massachusetts Financial Services holds 27,377,000 shares representing a 2.51% ownership interest in the company. Earlier filings reported that the company owned 26,559,000 shares. will increase 2.99%.office Diminished SO portfolio allocation increased 1.53% quarter-on-quarter. VFINX – Vanguard 500 Index Fund Investor Stock owns 25,403,000 shares, representing 2.33% of the company. Earlier filings reported that the company owned 25,167,000 shares. will increase 0.93%.office Diminished The portfolio allocation to SO increased by 8.79% quarter-on-quarter. Geode Capital Management holds 19,364,000 shares representing 1.78% of the company’s ownership. Earlier filings reported that the company owned 19,514,000 shares. Decrease 0.78%.office Diminished SO’s portfolio allocation increased 10.79% quarter-on-quarter. Southern Background Information(This description was provided by us.) Southern Company brings energy to homes and businesses nationwide. The company has made a name for itself as a leading producer of clean, safe, reliable and affordable energy, and every day it takes important steps in building the future of energy. The company is always forward-thinking, with industry innovations ranging from new nuclear power to electric transportation and renewable energy deployments helping to brighten the lives and businesses of millions of customers across the country.

Additional resources: THE SOUTHERN COMPANY COMPUTERSHARE TRUST COMPANY, NA, 28th Addendum Dated May 18, 2023 Series 2023B 4.85% Priority Note Due June 15, 2028 Table of Contents 1 THE SOUTHERN COMPANY COMPUTERSHARE TRUST COMPANY, NA, 29th Addendum Dated May 18, 2023 Series 2023C 5.20% Senior Notes Due June 15, 2033 Table of Contents 1 May 18, 2023 May 18, 2023 Moses H. Fegin Power of Attorney. This story was originally Fintel.

The views and opinions expressed herein are those of the authors and do not necessarily reflect those of Nasdaq, Inc.

https://www.nasdaq.com/articles/morgan-stanley-reiterates-southern-so-underweight-recommendation Morgan Stanley Reiterates South (SO) Underweight Recommendation

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