Southern Co (SO) : Advisory Services Network scooped up 11,714 additional shares in Southern Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 24,064 shares of Southern Co which is valued at $1,185,393.Southern Co makes up approximately 0.32% of Advisory Services Network’s portfolio.
Southern Co opened for trading at $49.58 and hit $49.95 on the upside on Wednesday, eventually ending the session at $49.54, with a gain of 0.69% or 0.34 points. The heightened volatility saw the trading volume jump to 58,22,110 shares. Company has a market cap of $45,222 M.
Other Hedge Funds, Including , Moon Capital Management boosted its stake in SO in the latest quarter, The investment management firm added 1,000 additional shares and now holds a total of 12,388 shares of Southern Co which is valued at $627,824. Southern Co makes up approx 0.79% of Moon Capital Management’s portfolio.Capstone Asset Management Co boosted its stake in SO in the latest quarter, The investment management firm added 137,440 additional shares and now holds a total of 206,960 shares of Southern Co which is valued at $10,488,733. Southern Co makes up approx 0.30% of Capstone Asset Management Co’s portfolio.
On the company’s financial health, Southern Co reported $0.58 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $0.53. The company had revenue of $3965.00 million for the quarter, compared to analysts expectations of $4256.32 million. The company’s revenue was down -5.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.56 EPS.
Many Wall Street Analysts have commented on Southern Co. Company shares were Reiterated by Argus on Feb 17, 2016 to “Buy”, Firm has raised the Price Target to $ 54 from a previous price target of $50 .
Southern Company is an operating public utility company. The primary business of the Southern Company is electricity sales by the traditional operating companies and Southern Power. Southern Company’s business segments are the sale of electricity by the four traditional operating companies and Southern Power. The four traditional operating companies including Alabama Power Georgia Power Gulf Power and Mississippi Power are vertically integrated utilities providing electric service in four Southeastern states. Southern Company owns all of the common stock of Southern Power Company which is also an operating public utility company. Southern Power constructs acquires owns and manages generation assets including renewable energy projects and sells electricity at market-based rates in the wholesale market. The Company also operates the All Other segment.