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Stock Market & Financial Investment News

News Breaks
May 26, 2013
15:31 EDTSOS&P revises Southern Co. and subsidiaries rating outlook to negative
On May 24, Standard & Poor's Ratings Services revised the rating outlook on Southern Co. and its operating subsidiaries to negative from stable. S&P stated, "At the same time, we affirmed the 'A' corporate credit rating on those entities and the 'BBB+' corporate credit rating on Southern Power Co. The rating outlook on Southern Power Co. is stable. The outlook revision on Southern Co. and its operating subsidiaries reflects our assessment of increased business risk as a result of a series of unfavorable regulatory, operational, and risk management developments. Over the past 12 months, adverse regulatory and project developments at Mississippi Power's integrated gasification combined cycle generation facility have contributed to a significant increase to the company's business risk and by association to Southern Co.'s business risk."
News For SO From The Last 14 Days
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October 30, 2014
07:19 EDTSOSouthern Company downgraded at BofA/Merrill
As previously reported, BofA/Merrill downgraded Southern Company to Underperform from Neutral. The firm downgraded shares based on valuation, continued Kemper cost issues, and risks to Vogtle nuclear construction. Price target raised to $46 from $43.
06:11 EDTSOSouthern Company downgraded to Underperform from Neutral at BofA/Merrill
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October 29, 2014
13:58 EDTSOSouthern Company says solar power investment 'ahead of schedule'
Says sees $30M in Q4 income from California solar plant. Says expects to sell $600M in equity for 2014. Says will evaluate options to issue equity in 2015/16 but no plans to do so currently. Says wind investments are "suitable," but not in Southeast region.
13:35 EDTSOSouthern Company sees FY14 year-end adjusted EPS $2.80, consensus $2.79
Based on year to date actual adjusted EPS of $2.43 and projected Q4 adjusted EPS of 37c, the company expects 2014 year-end adjusted EPS of $2.80.
13:20 EDTSOSouthern Company says economic development pipeline 'remains robust'
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13:02 EDTSOSouthern Company sees FY14 adjusted EPS $2.72-$2.80, consensus $2.79
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13:01 EDTSOSouthern Company sees Q4 adjusted EPS 37c, consensus 39c
Guidance from company's Q3 earnings conference call.
07:35 EDTSOSouthern Company reports Q3 kilowatt-hour sales to retail increased 3.6%
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07:34 EDTSOSouthern Company reports Q3 EPS excl items $1.09, consensus $1.07
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October 28, 2014
15:44 EDTSONotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Southern Company (SO), consensus $1.07; Phillips 66 (PSX), consensus $1.75; Automatic Data Processing (ADP), consensus 60c; Praxair (PX), consensus $1.63; WellPoint (WLP), consensus $2.27; Exelon (EXC), consensus 73c; Eaton (ETN), consensus $1.23; Hess (HES), consensus $1.08; TE Connectivity (TEL), consensus $1.00; McGraw Hill Financial (MHFI), consensus 94c; Waste Management (WM), consensus 68c; Hershey (HSY), consensus $1.08; Ralph Lauren (RL), consensus $2.06; Wisconsin Energy (WEC), consensus 53c; Garmin (GRMN), consensus 71c; Sealed Air (SEE), consensus 46c; DENTSPLY (XRAY), consensus 60c; Goodyear Tire (GT), consensus 70c; Revlon (REV), one estimate 45c; Booz Allen (BAH), consensus 41c; Carlyle Group (CG), consensus 54c.
October 23, 2014
11:21 EDTSOSouthern Company subsidiary acquires 150-MW Solar Gen 2 solar facility
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