Stock Yards Bank Trust Co Lowers stake in Southern Co (SO)

Southern Co (SO) : Stock Yards Bank Trust Co reduced its stake in Southern Co by 4.14% during the most recent quarter end. The investment management company now holds a total of 25,539 shares of Southern Co which is valued at $1,291,252 after selling 1,102 shares in Southern Co , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Southern Co makes up approximately 0.18% of Stock Yards Bank Trust Co’s portfolio.

Other Hedge Funds, Including , Chicago Trust Co Na reduced its stake in SO by selling 500 shares or 3.73% in the most recent quarter. The Hedge Fund company now holds 12,897 shares of SO which is valued at $637,241. Southern Co makes up approx 0.29% of Chicago Trust Co Na’s portfolio.Carroll Financial Associates reduced its stake in SO by selling 2,577 shares or 7.18% in the most recent quarter. The Hedge Fund company now holds 33,309 shares of SO which is valued at $1,657,123. Southern Co makes up approx 0.25% of Carroll Financial Associates’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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