Hilton Capital Management buys $10,839,033 stake in Southern Co (SO)

Southern Co (SO) : Hilton Capital Management scooped up 13,476 additional shares in Southern Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 11, 2016. The investment management firm now holds a total of 217,870 shares of Southern Co which is valued at $10,839,033.Southern Co makes up approximately 2.82% of Hilton Capital Management’s portfolio.

Other Hedge Funds, Including , Arvest Bank Trust Division reduced its stake in SO by selling 250 shares or 4.66% in the most recent quarter. The Hedge Fund company now holds 5,119 shares of SO which is valued at $251,650. Southern Co makes up approx 0.02% of Arvest Bank Trust Division’s portfolio.Sadoff Investment Management boosted its stake in SO in the latest quarter, The investment management firm added 1,005 additional shares and now holds a total of 181,757 shares of Southern Co which is valued at $8,935,174. Southern Co makes up approx 0.99% of Sadoff Investment Management’s portfolio.First National Bank Of Mount Dora Trust Investment Services boosted its stake in SO in the latest quarter, The investment management firm added 366 additional shares and now holds a total of 13,571 shares of Southern Co which is valued at $672,036. Southern Co makes up approx 0.38% of First National Bank Of Mount Dora Trust Investment Services’s portfolio.

Southern Co closed down -0.34 points or -0.68% at $49.41 with 58,68,609 shares getting traded on Tuesday. Post opening the session at $49.58, the shares hit an intraday low of $49.16 and an intraday high of $49.72 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Southern Co reported $0.74 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.70. The company had revenue of $4453.00 million for the quarter, compared to analysts expectations of $4453.23 million. The company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 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 .

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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