Southern Co (SO) Shareholder Hightower Advisors LLC Decreased Its Holding by $4.85 Million as Valuation Rose

December 7, 2017 - By Maria Brooks

Investors sentiment decreased to 1.16 in 2017 Q2. Its down 0.01, from 1.17 in 2017Q1. It dropped, as 60 investors sold SO shares while 330 reduced holdings. 78 funds opened positions while 373 raised stakes. 520.53 million shares or 0.60% less from 523.66 million shares in 2017Q1 were reported. Busey Trust holds 9,366 shares. Lord Abbett & Communications Ltd invested in 92,800 shares. Pettyjohn Wood White invested 1.06% of its portfolio in The Southern Company (NYSE:SO). Highvista Strategies Limited Liability Co stated it has 8,600 shares or 0.09% of all its holdings. Gemmer Asset Management Limited Company holds 0.01% or 611 shares. Lathrop Invest Mgmt holds 0.07% or 4,800 shares in its portfolio. Moreover, Forester Capital Mngmt Ltd has 3.65% invested in The Southern Company (NYSE:SO) for 53,949 shares. Meridian Inv Counsel invested in 0.12% or 4,243 shares. Paloma Prtn Mngmt reported 194,890 shares. Raymond James And Associate has 1.99M shares. Atwood & Palmer Inc owns 400 shares for 0% of their portfolio. 9,138 were reported by Abner Herrman And Brock Ltd Liability Com. Apg Asset Mngmt Nv stated it has 0.2% of its portfolio in The Southern Company (NYSE:SO). Iab Fin National Bank invested in 5,150 shares or 0.12% of the stock. Amica Retiree Medical Trust has invested 0.31% of its portfolio in The Southern Company (NYSE:SO).

Since June 12, 2017, it had 0 insider buys, and 3 sales for $3.96 million activity. Lantrip Mark had sold 25,000 shares worth $1.29M. BEATTIE ART P sold $2.42M worth of stock or 46,940 shares.

Hightower Advisors Llc decreased its stake in Southern Co (SO) by 19.83% based on its latest 2017Q2 regulatory filing with the SEC. Hightower Advisors Llc sold 103,226 shares as the company’s stock rose 4.35% with the market. The institutional investor held 417,437 shares of the central company at the end of 2017Q2, valued at $19.98M, down from 520,663 at the end of the previous reported quarter. Hightower Advisors Llc who had been investing in Southern Co for a number of months, seems to be less bullish one the $51.52 billion market cap company. The stock increased 0.86% or $0.44 during the last trading session, reaching $51.33. About 6.64M shares traded or 49.57% up from the average. The Southern Company (NYSE:SO) has risen 2.49% since December 7, 2016 and is uptrending. It has underperformed by 14.21% the S&P500.

Hightower Advisors Llc, which manages about $15.08B and $11.55B US Long portfolio, upped its stake in Schwab Strategic Tr (SCHF) by 222,796 shares to 1.76M shares, valued at $55.94M in 2017Q2, according to the filing. It also increased its holding in Johnson & Johnson (NYSE:JNJ) by 1.24M shares in the quarter, for a total of 1.24 million shares, and has risen its stake in Weyerhaeuser Co (NYSE:WY).

Analysts await The Southern Company (NYSE:SO) to report earnings on February, 28. They expect $0.47 EPS, up 95.83 % or $0.23 from last year’s $0.24 per share. SO’s profit will be $471.70 million for 27.30 P/E if the $0.47 EPS becomes a reality. After $1.12 actual EPS reported by The Southern Company for the previous quarter, Wall Street now forecasts -58.04 % negative EPS growth.

More notable recent The Southern Company (NYSE:SO) news were published by: Investorplace.com which released: “Southern Co (SO) a Hold on Poor Earnings Momentum” on November 29, 2017, also Seekingalpha.com with their article: “Buy Southern Company On Improving Earnings Visibility” published on November 21, 2017, Seekingalpha.com published: “Southern Company: This 5.25% Baby Bond Started Trading On The NYSE” on November 29, 2017. More interesting news about The Southern Company (NYSE:SO) were released by: Investorplace.com and their article: “Southern Co’s (SO) High-Level Quant Score Make it a Buy” published on December 06, 2017 as well as Bizjournals.com‘s news article titled: “40 under 40 Awards: Southern Co.’s Matthew Bozzelli” with publication date: November 28, 2017.

The Southern Company (NYSE:SO) Ratings Coverage

Among 18 analysts covering The Southern Company (NYSE:SO), 6 have Buy rating, 4 Sell and 8 Hold. Therefore 33% are positive. The Southern Company had 48 analyst reports since July 21, 2015 according to SRatingsIntel. On Sunday, September 3 the stock rating was maintained by RBC Capital Markets with “Hold”. As per Wednesday, October 18, the company rating was maintained by KeyBanc Capital Markets. The stock of The Southern Company (NYSE:SO) earned “Hold” rating by RBC Capital Markets on Sunday, July 30. SunTrust maintained The Southern Company (NYSE:SO) on Wednesday, October 18 with “Hold” rating. The company was maintained on Thursday, July 14 by Goldman Sachs. RBC Capital Markets maintained The Southern Company (NYSE:SO) on Wednesday, June 28 with “Hold” rating. The company was maintained on Wednesday, August 30 by Jefferies. The firm has “Underperform” rating given on Wednesday, January 25 by Credit Suisse. Howard Weil initiated The Southern Company (NYSE:SO) rating on Friday, May 13. Howard Weil has “Sector Perform” rating and $52 target. The rating was upgraded by Guggenheim on Thursday, September 14 to “Buy”.

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