Lodestar Investment Counselil Lowers stake in Southern Co (SO)

Southern Co (SO) : Lodestar Investment Counselil reduced its stake in Southern Co by 1.74% during the most recent quarter end. The investment management company now holds a total of 118,916 shares of Southern Co which is valued at $5,857,802 after selling 2,100 shares in Southern Co , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Southern Co makes up approximately 0.83% of Lodestar Investment Counselil’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 , Nepsis Capital Management reduced its stake in SO by selling 13,662 shares or 21.86% in the most recent quarter. The Hedge Fund company now holds 48,836 shares of SO which is valued at $2,405,661. Southern Co makes up approx 1.26% of Nepsis Capital Management’s portfolio. Ferguson Wellman Capital Management Inc added SO to its portfolio by purchasing 4,170 company shares during the most recent quarter which is valued at $205,414. Southern Co makes up approx 0.01% of Ferguson Wellman Capital Management Inc’s portfolio.Benin Management Corp reduced its stake in SO by selling 200 shares or 2.15% in the most recent quarter. The Hedge Fund company now holds 9,102 shares of SO which is valued at $448,365. Southern Co makes up approx 0.24% of Benin Management Corp’s portfolio.Charter Trust Co reduced its stake in SO by selling 360 shares or 1.7% in the most recent quarter. The Hedge Fund company now holds 20,857 shares of SO which is valued at $1,052,653. Southern Co makes up approx 0.13% of Charter Trust 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.

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