Moon Capital Management buys $670,251 stake in Southern Co (SO)

Southern Co (SO) : Moon Capital Management scooped up 180 additional shares in Southern Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 19, 2016. The investment management firm now holds a total of 12,568 shares of Southern Co which is valued at $670,251.Southern Co makes up approximately 0.81% of Moon Capital Management’s portfolio.

Other Hedge Funds, Including , Nikko Asset Management Americas reduced its stake in SO by selling 8,000 shares or 66.12% in the most recent quarter. The Hedge Fund company now holds 4,100 shares of SO which is valued at $218,653. Southern Co makes up approx 0.02% of Nikko Asset Management Americas’s portfolio.Juncture Wealth Strategies reduced its stake in SO by selling 200 shares or 1.6% in the most recent quarter. The Hedge Fund company now holds 12,300 shares of SO which is valued at $659,526. Southern Co makes up approx 0.46% of Juncture Wealth Strategies’s portfolio.Stock Yards Bank Trust Co reduced its stake in SO by selling 801 shares or 2.92% in the most recent quarter. The Hedge Fund company now holds 26,641 shares of SO which is valued at $1,445,274. Southern Co makes up approx 0.19% of Stock Yards Bank Trust Co’s portfolio.

Southern Co closed down -0.29 points or -0.54% at $53.33 with 38,69,446 shares getting traded on Wednesday. Post opening the session at $53.65, the shares hit an intraday low of $53.2 and an intraday high of $53.79 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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. Goldman Resumed Southern Co on Jul 14, 2016 to “Neutral”, Price Target of the shares are set at $54.Company shares were Upgraded by Barclays on Jul 14, 2016 to ” Overweight”, Firm has raised the Price Target to $ 62 from a previous price target of $59 .Company shares were Reiterated by Mizuho on Jul 12, 2016 to “Neutral”, Firm has raised the Price Target to $ 52 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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