Aull Monroe Investment Management Corp buys $5,897,013 stake in Southern Co (SO)

Southern Co (SO) : Aull Monroe Investment Management Corp scooped up 306 additional shares in Southern Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 20, 2016. The investment management firm now holds a total of 119,712 shares of Southern Co which is valued at $5,897,013.Southern Co makes up approximately 3.47% of Aull Monroe Investment Management Corp’s portfolio.

Southern Co opened for trading at $49.18 and hit $49.45 on the upside on Friday, eventually ending the session at $49.26, with a gain of 0.65% or 0.32 points. The heightened volatility saw the trading volume jump to 32,85,104 shares. Company has a market cap of $44,967 M.

Other Hedge Funds, Including , Warren Averett Asset Management boosted its stake in SO in the latest quarter, The investment management firm added 876 additional shares and now holds a total of 21,218 shares of Southern Co which is valued at $1,045,199. Southern Co makes up approx 0.63% of Warren Averett Asset Management’s portfolio.Capital City Trust Cofl boosted its stake in SO in the latest quarter, The investment management firm added 19 additional shares and now holds a total of 6,305 shares of Southern Co which is valued at $319,537. Southern Co makes up approx 0.13% of Capital City Trust Cofl’s portfolio.Oregon Public Employees Retirement Fund boosted its stake in SO in the latest quarter, The investment management firm added 505 additional shares and now holds a total of 185,181 shares of Southern Co which is valued at $9,384,973. Southern Co makes up approx 0.21% of Oregon Public Employees Retirement Fund’s portfolio.Investors Asset Management Of Georgia Inc Ga Adv reduced its stake in SO by selling 225 shares or 2.92% in the most recent quarter. The Hedge Fund company now holds 7,480 shares of SO which is valued at $379,086. Southern Co makes up approx 0.31% of Investors Asset Management Of Georgia Inc Ga Adv’s portfolio.Livingston Group Asset Management Co (operating As Southp… reduced its stake in SO by selling 1,298 shares or 22.94% in the most recent quarter. The Hedge Fund company now holds 4,361 shares of SO which is valued at $220,100. Southern Co makes up approx 0.14% of Livingston Group Asset Management Co (operating As Southp…’s portfolio.

On the company’s financial health, Southern Co reported $0.44 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Feb 3, 2016. Analyst had a consensus of $0.42. The company had revenue of $3606.00 million for the quarter, compared to analysts expectations of $4512.21 million. The company’s revenue was down -10.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.38 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.

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