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Analysts Turned Positive on Southern Company Stock

Vineet Kulkarni - Author
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Nov. 20 2020, Updated 2:58 p.m. ET

Analysts’ target price

According to Wall Street analysts’ consensus, Southern Company (SO) stock has a target price of $51.41—compared to its current price of $48.94. It shows an implied gain of 5% going forward.

Currently, Southern Company stock has two “strong buy” and five “buy” ratings among 19 Wall Street analysts tracking it. Nine analysts rate the stock as a “hold,” one analyst recommends it as a “sell,” and two rate it as a “strong sell.”

As you can see in the above chart, analysts have become optimistic about Southern Company stock in the last few months. Its relatively fairer valuation might be behind it.

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Peers’ target price

NextEra Energy (NEE), the largest utility by market capitalization, has a mean target price of $155.57—compared to its current market price of $146.99. It indicates a possible gain of nearly 6% going forward.

Duke Energy (DUK), Southern Company’s peer and the largest regulated utility, has a mean target price of $86.0, which offers an implied gain of 2.1%. Currently, Duke Energy is trading at $84.26.

Dominion Energy (D) could rise 4.3% from its current market price of $77.03. Wall Street analysts’ consensus gave it a mean target price of $80.33.

You can read about Southern Company’s power plant woes in How Southern Company’s Power Plant Snags Are Hurting Its Stock.

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