Southern Co (SO) : Lakeview Capital Partners reduced its stake in Southern Co by 24.57% during the most recent quarter end. The investment management company now holds a total of 48,182 shares of Southern Co which is valued at $2,384,527 after selling 15,692 shares in Southern Co , the firm said in a disclosure report filed with the SEC on May 3, 2016.Southern Co makes up approximately 1.52% of Lakeview Capital Partners’s portfolio.
Other Hedge Funds, Including , Hyman Charles D boosted its stake in SO in the latest quarter, The investment management firm added 4,425 additional shares and now holds a total of 303,730 shares of Southern Co which is valued at $15,031,598. Southern Co makes up approx 2.36% of Hyman Charles D’s portfolio.Braun Stacey Associates Inc reduced its stake in SO by selling 17,420 shares or 8.04% in the most recent quarter. The Hedge Fund company now holds 199,306 shares of SO which is valued at $9,863,654. Southern Co makes up approx 0.64% of Braun Stacey Associates Inc’s portfolio.Douglass Winthrop Advisors reduced its stake in SO by selling 174 shares or 0.52% in the most recent quarter. The Hedge Fund company now holds 33,476 shares of SO which is valued at $1,677,148. Southern Co makes up approx 0.12% of Douglass Winthrop Advisors’s portfolio.Palladium Partners reduced its stake in SO by selling 633 shares or 2.91% in the most recent quarter. The Hedge Fund company now holds 21,097 shares of SO which is valued at $1,056,960. Southern Co makes up approx 0.10% of Palladium Partners’s portfolio. Sharkey Howes Javer added SO to its portfolio by purchasing 323 company shares during the most recent quarter which is valued at $15,911. Southern Co makes up approx 0.01% of Sharkey Howes Javer’s portfolio.
Southern Co opened for trading at $50.01 and hit $50.33 on the upside on Tuesday, eventually ending the session at $50.14, with a gain of 0.66% or 0.33 points. The heightened volatility saw the trading volume jump to 65,69,216 shares. Company has a market cap of $46,041 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. 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.