Analyst Boosts Southern Company Target to $112 with 15.3% Upside
Analyst Shelby Tucker raised Southern Company’s price target to $112, implying a 15.33% gain from the prior $97.11 level. Institutional investors including 111 Capital added 36,169 shares worth $3.4 million and Chilton Capital upped its stake by 120.1%, signaling growing confidence.
1. Price Target Increase
Shelby Tucker at Cowen set a $112 price target for Southern Company, representing a 15.33% potential gain from the prior $97.11 price. This upgrade reflects confidence in the company’s earnings growth and stable cash flows.
2. 111 Capital’s $3.4M Stake
111 Capital acquired 36,169 Southern Company shares worth approximately $3.4 million, making it their 25th largest portfolio holding at 0.6%. This sizeable purchase highlights positive investor sentiment toward the utility’s long-term performance.
3. Other Institutional Movements
Cloud Capital, Grey Fox Wealth Advisors and Steigerwald Gordon each initiated positions worth $25,000 to $34,000, while Chilton Capital boosted its stake by 120.1%. These adjustments signal broader institutional appetite for Southern Company’s dividend yield and growth outlook.
4. Stock Performance Snapshot
Shares recently traded near $96.41, down 0.81% on the session, within a 52-week range of $83.09 to $100.84. Southern Company’s market capitalization stands at $107.92 billion, underscoring its size in the energy sector.