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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.

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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

DUK

Duke Energy

$85.96

-0.32 (-0.37%)

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PPL

PPL Corp.

$38.83

-0.19 (-0.49%)

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AEP

American Electric

$71.55

-0.24 (-0.33%)

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AEE

Ameren

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-0.33 (-0.59%)

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WEC

WEC Energy

$63.46

-0.17 (-0.27%)

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NSRGY

Nestle

$84.83

0.4 (0.47%)

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TKTDY

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VIAB

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TWX

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NCR

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$38.64

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AIZ

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0.99 (0.99%)

ALXN

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UTHR

United Therapeutics

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RHT

Red Hat

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0.54 (0.55%)

CI

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$169.61

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FL

Foot Locker

$48.03

0.53 (1.12%)

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TKTDY

Takata

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TKTDY

Takata

$3.15

1.2199 (63.21%)

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TKTDY

Takata

$3.15

1.2199 (63.21%)

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Takata confirms bankruptcy filings »

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TKTDY

Takata

$3.15

1.2199 (63.21%)

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IRDM

Iridium

$10.75

0.1 (0.94%)

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TKTDY

Takata

$3.15

1.2199 (63.21%)

20:08
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Takata files for bankruptcy in U.S., Bloomberg says »

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SEAS

SeaWorld

$15.65

-0.16 (-1.01%)

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FB

Facebook

$155.07

1.67 (1.09%)

19:57
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Facebook plans to offer TV-quality content by late summer, WSJ says »

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FRO

Frontline

$5.59

0.08 (1.45%)

, GNRT

Gener8 Maritime

$6.12

0.21 (3.55%)

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Frontline abandons plans to buy Gener8, WSJ says »

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FRO

Frontline

$5.59

0.08 (1.45%)

GNRT

Gener8 Maritime

$6.12

0.21 (3.55%)

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NSRGY

Nestle

$84.83

0.4 (0.47%)

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WMT

Wal-Mart

$74.84

-0.68 (-0.90%)

18:23
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GOOG

Alphabet

$965.59

8.5 (0.89%)

, GOOGL

Alphabet Class A

$986.09

9.47 (0.97%)

17:55
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GOOG

Alphabet

$965.59

8.5 (0.89%)

GOOGL

Alphabet Class A

$986.09

9.47 (0.97%)

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  • 26

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NSRGY

Nestle

$84.83

0.4 (0.47%)

17:37
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LNG

Cheniere Energy

$47.62

0.34 (0.72%)

17:27
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VIA

Viacom

$39.15

0.1 (0.26%)

, VIAB

Viacom

$34.11

-0.01 (-0.03%)

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Viacom

$34.11

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TWX

Time Warner

$99.70

0.3 (0.30%)

DIS

Disney

$104.36

0.14 (0.13%)

LGF.A

Lionsgate

$27.07

0.31 (1.16%)

LGF.B

Lionsgate

$25.38

0.34 (1.36%)

FOX

21st Century Fox

$26.93

0.3 (1.13%)

FOXA

21st Century Fox

$27.19

0.22 (0.82%)

SNE

Sony

$38.52

0.11 (0.29%)

CMCSA

Comcast

$39.50

-0.44 (-1.10%)

CMCSK

Comcast

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GSK

GlaxoSmithKline

$44.29

0.13 (0.29%)

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BHVN

Biohaven Pharmaceutical

$25.33

-0.13 (-0.51%)

14:40
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ESALY

Eisai

$56.42

-0.075 (-0.13%)

14:37
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PTNR

Partner Communications

$5.25

0.1123 (2.19%)

14:23
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