Reliance Trust Co Of Delaware Lowers stake in Southern Co (SO)

Southern Co (SO) : Reliance Trust Co Of Delaware reduced its stake in Southern Co by 3.76% during the most recent quarter end. The investment management company now holds a total of 54,157 shares of Southern Co which is valued at $2,738,178 after selling 2,113 shares in Southern Co , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Southern Co makes up approximately 0.25% of Reliance Trust Co Of Delaware’s portfolio.

Other Hedge Funds, Including , National Pension Service boosted its stake in SO in the latest quarter, The investment management firm added 47,146 additional shares and now holds a total of 585,911 shares of Southern Co which is valued at $29,623,660. Southern Co makes up approx 0.24% of National Pension Service’s portfolio.Gulf International Bank (uk) Ltd boosted its stake in SO in the latest quarter, The investment management firm added 12,200 additional shares and now holds a total of 287,452 shares of Southern Co which is valued at $14,591,064. Southern Co makes up approx 0.24% of Gulf International Bank (uk) Ltd’s portfolio.Dynamic Advisors Solutions boosted its stake in SO in the latest quarter, The investment management firm added 212 additional shares and now holds a total of 18,211 shares of Southern Co which is valued at $905,997. Southern Co makes up approx 0.35% of Dynamic Advisors Solutions’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 -0.2 points or -0.39% at $50.56 with 39,47,826 shares getting traded on Friday. Post opening the session at $50.64, the shares hit an intraday low of $50.44 and an intraday high of $51.03 and the price fluctuated in this range throughout the day.Shares ended Friday 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.

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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