More from Dividend.com
Referenced Stocks

The Southern Company Downgraded to “Neutral” at Bank of America/Merrill Lynch (SO)

By Dividend.com,  June 20, 2012, 09:10:57 AM EDT

Electric power utility operator The Southern Company ( SO ) on Wednesday caught some tepid commentary from analysts at Bank of America/Merrill Lynch.

The firm downgraded SO from "Buy" to "Neutral," noting the move was a valuation call based on its $48 price target (the stock closed at $47.70 on Tuesday).

Southern Company shares, which have risen about 3% year-to-date, fell 44 cents, or -0.9%, in premarket trading Wednesday.

The Bottom Line
Shares of Southern Company ( SO ) have a 4.11% dividend yield, based on last night's closing stock price of $47.70. The stock has technical support in the $44 price area. The shares are trading right near all-time highs.

The Southern Company ( SO ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Stocks

Referenced Stocks: SO



Latest News Video

Man Accused of Slapping, Spitting on 3-Year-Old
Man Accused of Slapping, Spitting o...
Mexican Volcano Shoots Ash, Smoke Into Sky
Mexican Volcano Shoots Ash, Smoke I...
Man Accused of Slapping, Spitting on 3-Year-Old
Man Accused of Slapping, Spitting o...


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into to the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.

From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.21 0.10  0.75%
HPQ $ 24.86 3.63  17.10%
SIRI $ 3.545 0.01  0.28%
MU $ 11.39 0.47  4.30%
MSFT $ 34.15 0.46  1.33%
F $ 14.81 0.16  1.07%
QQQ $ 73.45 0.17  0.23%
GE $ 23.66 0.20  0.84%