Oakwood Capital Managementca adds Southern Co (SO) to its portfolio

Southern Co (SO) : Oakwood Capital Managementca added new position in Southern Co during the most recent quarter end. The investment management firm now holds 75,115 shares of Southern Co which is valued at $3,711,432 , the company said in a statement filed on Oct 12, 2016 with the SEC.Southern Co makes up approximately 0.97% of Oakwood Capital Managementca’s portfolio.

Other Hedge Funds, Including , Capstone Asset Management Co boosted its stake in SO in the latest quarter, The investment management firm added 117,065 additional shares and now holds a total of 208,750 shares of Southern Co which is valued at $10,314,338. Southern Co makes up approx 0.30% of Capstone Asset Management Co’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.Advisory Services Network boosted its stake in SO in the latest quarter, The investment management firm added 4,749 additional shares and now holds a total of 31,024 shares of Southern Co which is valued at $1,525,140. Southern Co makes up approx 0.29% of Advisory Services Network’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.Beacon Financial Group boosted its stake in SO in the latest quarter, The investment management firm added 674 additional shares and now holds a total of 187,163 shares of Southern Co which is valued at $9,268,312. Southern Co makes up approx 1.95% of Beacon Financial Group’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.

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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