Advisors Management Group Inc Adv buys $4.2 Million stake in Southern Co (SO)

Southern Co (SO) : Advisors Management Group Inc Adv scooped up 1,294 additional shares in Southern Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 83,649 shares of Southern Co which is valued at $4.2 Million.Southern Co makes up approximately 3.04% of Advisors Management Group Inc Adv’s portfolio.

Other Hedge Funds, Including , Shell Asset Management Co reduced its stake in SO by selling 62,074 shares or 9.45% in the most recent quarter. The Hedge Fund company now holds 594,655 shares of SO which is valued at $29.7 Million. Southern Co makes up approx 0.72% of Shell Asset Management Co’s portfolio.Tiaa Cref Investment Management boosted its stake in SO in the latest quarter, The investment management firm added 108,397 additional shares and now holds a total of 1,498,024 shares of Southern Co which is valued at $74.1 Million. Southern Co makes up approx 0.06% of Tiaa Cref Investment Management’s portfolio.Argent Trust Co reduced its stake in SO by selling 22 shares or 0.12% in the most recent quarter. The Hedge Fund company now holds 18,481 shares of SO which is valued at $914,625. Southern Co makes up approx 0.29% of Argent Trust Co’s portfolio.Ingalls Snyder reduced its stake in SO by selling 151 shares or 1.97% in the most recent quarter. The Hedge Fund company now holds 7,520 shares of SO which is valued at $376,752. Southern Co makes up approx 0.02% of Ingalls Snyder’s portfolio.Bank Of Hawaii reduced its stake in SO by selling 10,260 shares or 8.01% in the most recent quarter. The Hedge Fund company now holds 117,839 shares of SO which is valued at $5.9 Million. Southern Co makes up approx 0.63% of Bank Of Hawaii’s portfolio.

Southern Co opened for trading at $49.75 and hit $49.96 on the upside on Monday, eventually ending the session at $49.94, with a gain of 0.10% or 0.05 points. The heightened volatility saw the trading volume jump to 40,16,718 shares. Company has a market cap of $45,858 M.

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. Scotia Howard Weil Initiated Southern Co on May 13, 2016 to “Sector Perform”, Price Target of the shares are set at $52.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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