First United Bank Trust buys $1,403,448 stake in Southern Co (SO)

Southern Co (SO) : First United Bank Trust scooped up 465 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 28,210 shares of Southern Co which is valued at $1,403,448.Southern Co makes up approximately 1.17% of First United Bank Trust’s portfolio.

Other Hedge Funds, Including , Gofen Glossberg Il reduced its stake in SO by selling 21 shares or 0.14% in the most recent quarter. The Hedge Fund company now holds 14,936 shares of SO which is valued at $743,066. Southern Co makes up approx 0.03% of Gofen Glossberg Il’s portfolio.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.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.Summit Financial Wealth Advisors reduced its stake in SO by selling 13,492 shares or 35.61% in the most recent quarter. The Hedge Fund company now holds 24,398 shares of SO which is valued at $1,208,189. Southern Co makes up approx 0.53% of Summit Financial Wealth Advisors’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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