Duff Phelps Investment Management Co buys $138,390,810 stake in Southern Co (SO)

Southern Co (SO) : Duff Phelps Investment Management Co scooped up 499,830 additional shares in Southern Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 2,737,160 shares of Southern Co which is valued at $138,390,810.Southern Co makes up approximately 2.00% of Duff Phelps Investment Management Co’s portfolio.

Other Hedge Funds, Including , Reliance Trust Co Of Delaware reduced its stake in SO by selling 2,113 shares or 3.76% in the most recent quarter. The Hedge Fund company now holds 54,157 shares of SO which is valued at $2,738,178. Southern Co makes up approx 0.25% of Reliance Trust Co Of Delaware’s portfolio.Msi Financial Services Inc boosted its stake in SO in the latest quarter, The investment management firm added 3,864 additional shares and now holds a total of 110,157 shares of Southern Co which is valued at $5,591,569. Southern Co makes up approx 0.20% of Msi Financial Services Inc’s portfolio.Salem Capital Management Inc reduced its stake in SO by selling 800 shares or 9.14% in the most recent quarter. The Hedge Fund company now holds 7,950 shares of SO which is valued at $395,513. Southern Co makes up approx 0.22% of Salem Capital Management Inc’s portfolio.Hudson Valley Investment Advisors Inc Adv reduced its stake in SO by selling 665 shares or 6.92% in the most recent quarter. The Hedge Fund company now holds 8,951 shares of SO which is valued at $445,312. Southern Co makes up approx 0.14% of Hudson Valley Investment Advisors Inc Adv’s portfolio.Catawba Capital Management Va reduced its stake in SO by selling 3,700 shares or 8.39% in the most recent quarter. The Hedge Fund company now holds 40,379 shares of SO which is valued at $1,985,032. Southern Co makes up approx 0.48% of Catawba Capital Management Va’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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