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Market Update (NYSE:SO): Southern Nuclear wins numerous honors for innovative developments for the nuclear industry

[PR Newswire] – BIRMINGHAM, Ala., May 26, 2016 /PRNewswire/ — Earlier this week, three teams from Southern Nuclear were each honored with a Top Innovative Practice (TIP) award at a ceremony in Miami in conjunction with the Nuclear Energy Institute’s 63rd Annual Industry Conference and Supplier Expo: Nuclear Energy Assembly. TIP awards are the nuclear industry’s highest honor. Southern Nuclear’s development of equipment for evaluating shroud cracking in boiler water reactors at Plant Hatch won the GE Hitachi vendor award. Read more on this. Southern Company (SO) , with a current market cap of $46.08B, started the session at $48.47. Today’s price range has been between $48.47 and $49.20 per share and has traded between $41.40 and $51.79 over the past year. Priced at 16.87x this year’s forecasted earnings, SO shares are relatively expensive compared to the industry’s 14.79x forward p/e ratio. The company pays shareholders $2.24 per share annually in dividends, yielding 4.66%. In a review of the consensus earnings estimate this quarter, 10 sell-side analysts are looking at $0.69 per share, which would be $0.02 worse than the year-ago quarter and a $0.02 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $2.85 would be a $0.04 setback when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $4.53 Billion. If reported, that would be a 4.38% increase over the year-ago quarter. In terms of ratings, Scotia Howard Weil Initiated SO at Sector Perform (May 13, 2016). Previously, Mizuho Initiated SO at to Buy. When considering if the stock is under or overvalued, the average price target is $49.47, which is 2.06% above where the stock opened this morning. See more in (NYSE:SO) Similar Articles: Company Update (NYSE:SO): Southern Nuclear hosts renowned safety presenter for high school students in communities where it operates Market Update: The Southern Company (NYSE:SO) – Southern Company announces leadership moves Stock Update (NYSE:SO): Southern Company subsidiary awarded grant to lead advanced nuclear technology development
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