Pennsylvania Trust Co buys $1,246,607 stake in Southern Co (SO)

Southern Co (SO) : Pennsylvania Trust Co scooped up 105 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 24,656 shares of Southern Co which is valued at $1,246,607.Southern Co makes up approximately 0.10% of Pennsylvania Trust Co’s portfolio.

Other Hedge Funds, Including , Duff Phelps Investment Management Co boosted its stake in SO in the latest quarter, The investment management firm added 499,830 additional shares and now holds a total of 2,737,160 shares of Southern Co which is valued at $138,390,810. Southern Co makes up approx 2.00% of Duff Phelps Investment Management Co’s portfolio.First Premier Bank reduced its stake in SO by selling 2,507 shares or 2.3% in the most recent quarter. The Hedge Fund company now holds 106,268 shares of SO which is valued at $5,394,164. Southern Co makes up approx 4.14% of First Premier Bank’s portfolio. Oakwood Capital Managementca added SO to its portfolio by purchasing 75,115 company shares during the most recent quarter which is valued at $3,711,432. Southern Co makes up approx 0.97% of Oakwood Capital Managementca’s portfolio.Nepsis Capital Management reduced its stake in SO by selling 1,978 shares or 4.13% in the most recent quarter. The Hedge Fund company now holds 45,918 shares of SO which is valued at $2,284,421. Southern Co makes up approx 1.22% of Nepsis Capital Management’s portfolio.Gradient Investments reduced its stake in SO by selling 391 shares or 7.16% in the most recent quarter. The Hedge Fund company now holds 5,068 shares of SO which is valued at $252,133. Southern Co makes up approx 0.02% of Gradient Investments’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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