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SO

Southern Company

$49.31

0.1499 (0.30%)

13:13
10/10/16
10/10
13:13
10/10/16
13:13

Georgia Power sees 90% of Hurricane Matthew victims' power restored by Weds

Georgia Power, a Southern Company subsidiary, announced that it expects to have service restored to more than 90% of customers impacted by Hurricane Matthew, who can accept power, by midnight Wednesday. The hurricane, which pounded the Georgia coast with winds of more than 100 miles per hour and extensive flooding over the weekend, was the strongest storm to hit the region in a century and interrupted service to more than 340,000 customers. The company has already restored power to 100% of impacted customers who can accept power in the Kingsland area and expects to have power restored for nearly 100% of impacted customers who can accept power in Brunswick, St. Simons and Jekyll Islands tomorrow. As of Monday morning, Georgia Power has secured more than 1,000 additional personnel to assist with restoration efforts in Georgia. Additional crews are making their way north from Florida as restoration work winds down in that state. Georgia Power was prepared to respond to damage caused by Hurricane Matthew with approximately 5,000 personnel from Georgia Power and assisting utilities working around the clock over the weekend. Power has been restored to more than 210,000 customers; approximately 130,000 customers are without power in Coastal Georgia. Damage and power outages are concentrated in Coastal Georgia, including Chatham, Glynn, Effingham, Bulloch and Liberty Counties. The company estimates that thousands of customers in some of the hardest hits areas of the coast may not be able to reconnect to Georgia Power service due to extensive damage. Property owners should contact a qualified electrician to make repairs to private property prior to reconnecting to service.

  • 31

    Oct

  • 31

    Oct

SO Southern Company
$49.31

0.1499 (0.30%)

07/14/16
LEHM
07/14/16
UPGRADE
Target $62
LEHM
Overweight
Southern Company upgraded to Overweight from Equal Weight at Barclays
Barclays analyst Daniel Ford upgraded Southern Company to Overweight saying the risk/reward is improving as it transforms to an infrastructure company. Southern's opportunities outweigh risks at this point in time, Ford tells investors in a research note. He raised his price target for the shares to $62 from $59.
07/14/16
GSCO
07/14/16
INITIATION
Target $54
GSCO
Neutral
Southern Company initiated with a Neutral at Goldman
Goldman analyst Michael Lapides reinstated coverage on Southern Company with a Neutral rating and $54 price target.
07/14/16
07/14/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Procter & Gamble (PG) upgraded to Buy from Neutral at UBS with analyst Stephen Powers saying the risk/reward is positive given the company's changes over the past six months. 2. Dick's Sporting (DKS) upgraded to Outperform from Sector Perform at RBC Capital with the firm saying it thinks that the company has a number of potential positive catalysts going forward, including reduced disruption from the Sports Authority's liquidation in the second quarter and third quarter and potential benefits from the liquidation next year, along with reduced spending on e-commerce in 2017. 3. GlaxoSmithKline (GSK) upgraded to Buy from Hold at Jefferies with analyst Jeffrey Holford saying fears of a dividend cut are overdone and the company's improving yield quality will continue to attract investors. 4. Southern Company (SO) upgraded to Overweight from Equal Weight at Barclays with analyst Daniel Ford saying the risk/reward is improving as it transforms to an infrastructure company. 5. Barrick Gold (ABX) and Randgold (GOLD) upgraded to Buy from Hold and Kinross Gold (KGC) upgraded to Hold from Underperform at Jefferies with analyst Christopher LaFemina upgrading the stocks after his firm increased its gold price forecasts to reflect ongoing elevated macro risk. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/14/16
07/14/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Ball Corp. (BLL) reinstated with an Equal Weight at Barclays. 2. Southern Company (SO) initiated with a Neutral at Goldman. 3. Achillion (ACHN) initiated with a Sell on lack of data, competition at Chardan. 4. Sallie Mae (SLM) initiated with a Buy at Citi. 5. Vocera (VCRA) initiated with an Outperform at Raymond James. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

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TWX

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TRUE

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0.18 (1.28%)

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GE

General Electric

$30.19

0.17 (0.57%)

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CE

Celanese

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ELNK

EarthLink

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PFE

Pfizer

$34.26

0.2 (0.59%)

17:43
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C

Citi

$59.56

-1.06 (-1.75%)

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FDX

FedEx

$193.11

1.93 (1.01%)

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URRE

Uranium Resources

$1.94

-0.09 (-4.43%)

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RTN

Raytheon

$153.48

0.19 (0.12%)

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COTV

Cotiviti Holdings

$38.74

-0.06 (-0.15%)

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ENH

Endurance Specialty

$92.90

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$1.13

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MNTA

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$34.26

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MNTA

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STLD

Steel Dynamics

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AKS

AK Steel

$8.02

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X

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FLR

Fluor

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GVA

Granite Construction

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ACM

AECOM

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JEC

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KBR

KBR

$15.60

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CBI

CB&I

$33.87

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MTZ

MasTec

$40.10

3.05 (8.23%)

KHC

Kraft Heinz

$93.08

0.14 (0.15%)

UN

Unilever; also tag UL

$46.91

0.33 (0.71%)

UL

Unilever; also tag UN

$47.12

0.22 (0.47%)

QSR

Restaurant Brands

$55.47

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PLKI

Popeyes

TROX

Tronox

$17.40

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Wal-Mart

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HD

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CYH

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TOL

Toll Brothers

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GRMN

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CHS

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HPQ

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CRI

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SQ

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JWN

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FL

Foot Locker

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AAOI

Applied Optoelectronics

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RH

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M

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PZZA

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FSLR

First Solar

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TXRH

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TSLA

Tesla

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LB

Labarge

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W

Wayfair

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HPE

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JCP

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ACIA

Acacia Communications

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BGS

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$43.65

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SPLK

Splunk

$62.80

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NBEV

New Age Beverages

$3.90

-0.04 (-1.02%)

16:41
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Breaking Hot Stocks news story on New Age Beverages »

Park West AM reports 6.3%…

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CYTX

Cytori Therapeutics

$1.71

-0.07 (-3.93%)

16:40
02/24/17
02/24
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16:40
Hot Stocks
Breaking Hot Stocks news story on Cytori Therapeutics »

Azaya Therapeutics…

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ADMA

ADMA Biologics

$4.75

-0.03 (-0.63%)

16:40
02/24/17
02/24
16:40
02/24/17
16:40
Earnings
ADMA Biologics reports FY16 EPS ($1.61), consensus ($1.57) »

Reports FY16 revenue…

03/08/13
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WFC

Wells Fargo

$57.81

-0.68 (-1.16%)

16:38
02/24/17
02/24
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16:38
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  • 13

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    Jan

SHO

Sunstone Hotel

$14.71

-0.05 (-0.34%)

16:36
02/24/17
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16:36
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Breaking Syndicate news story on Sunstone Hotel »

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TPHS

Trinity Place

$9.97

0.47 (4.95%)

16:36
02/24/17
02/24
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02/24/17
16:36
Hot Stocks
Breaking Hot Stocks news story on Trinity Place »

Horse Island Partners…

03/08/13
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SO

Southern Company

$50.50

0.83 (1.67%)

16:35
02/24/17
02/24
16:35
02/24/17
16:35
Syndicate
Breaking Syndicate news story on Southern Company »

Southern Company's…

03/08/13
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